Press Release

VIS Reaffirms Entity Ratings of Ali Gohar & Company (Pvt.) Limited

Karachi, April 17, 2025: VIS Credit Rating Company Limited (‘VIS’) reaffirms Entity Ratings of Ali Gohar & Company (Pvt) Limited (‘AG&C or ‘the Company’) at 'A/A2' (‘Single A’ /’A Two’). Medium to long term rating of 'A' indicates good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy. Short term rating of 'A2' indicates good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors. Outlook on the assigned ratings remains ‘Stable.’ Previous rating action was announced on January 30, 2024.

The ratings reflect Ali Gohar & Company (Pvt.) Ltd.’s (‘AG&C’ or the ‘Company’) strong market position as one of the leading distributors in the pharmaceutical, healthcare, and FMCG sectors, backed by an extensive nationwide distribution network. The Company's solid relationships with key principals and a well-diversified customer base further strengthens its competitive standing.

AG&C has demonstrated consistent revenue growth. Margins remained stable, supported by improved sales mix. Despite rising operating costs, profitability has been maintained through diversified income streams.
The Company maintains a sound capitalization profile, benefiting from a conservative debt structure. Liquidity remains sound, supported by efficient working capital management. The ratings remain dependent on maintenance of the overall financial risk profile of the company.

For further information on this rating announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.

Applicable Rating Criteria:
Industrial Corporates
https://docs.vis.com.pk/docs/CorporateMethodology.pdf

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2025 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .