Client Afroze Textile (Pvt) Ltd
Sponsors Afroze Textile (Pvt) Ltd
Status Financial Restructuring of in final stages
Financial Restructuring by :
Restructuring the outstanding debt of almost PKR 6,000 M
Raising fresh working capital lines PKR 1,000 M
Arranging debt to asset swap of PKR 500 M
Improving cash management strategy
Management and corporate restructuring to improve 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