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
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