Afroze Textiles (Pvt.) Ltd
| Client: | Afroze Textile (Pvt) Ltd |
| Sponsors: | Afroze Textile (Pvt) Ltd |
| Nature: | Arrangement of Working Capital |
| Status: | Financial Restructuring in final stages |
| Project: |
– Financial Restructuring by:
– Restructuring the outstanding debt of PKR 10 Billion
– Raising fresh working capital lines
– Improving cash management strategy
– Management and corporate restructuring to Improving company performance
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| Al Tayseer Role: |
– Ongoing talks with foreign PE funds for quasi-equity cash injection
– Development of a comprehensive end-to-end ERP system
– Due diligence of company’s internal controls and processes and development of revised SOPs addressing gaps in the system
– Ongoing monitoring of financial functions of company to ensure quality and effectiveness
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