Financial Analysis of Askari Leasing
ASKARI LEASING LIMITED
“ANALYSIS OF FINANCIAL STATEMENTS FINANCIAL YEAR 2009”
OVERVIEW OF THE COMPANY:
Askari Leasing Limited (ALL) was incorporated in Pakistan as a public limited company on August 1, 1993 and was granted certificate of commencement of business on November 3, 1993 with a capital base of Rs 100 million. As of June 30, 2009, its total equity was over Rs 1.4 billion while its balance sheet was nearly Rs 11.8 billion. The company is controlled by the Army Welfare Trust (AWT) which owns 57.66% of the company s stock.
Its 1,192 individual shareholders own 5.886% shares. Remaining shares are with other institutional investors and employees. It has a presence in the consumer, transport, communications, textiles, power and healthcare sectors. The company also offers Certificates of Investments for various durations, both short-term and long-term. Some of its products are as follows: Askar, ALL s flagship products which has been synonymous with the concept of auto leasing in the country, Ask Life, Industrial Lease, Certificates of Investments, Ask Overseas and Ask Power.
Its other sister concerns are Askari Commercial Bank Ltd, Askari General Insurance Company Limited, Askari Cement Company Limited, Askari Aviation (Pvt) Ltd, Askari Associates (Pvt) Limited, Askari Information Systems Limited, Askari Guard Limited. Askari Leasing Ltd is operating from 5th Floor, AWT Plaza, The Mall, and Rawalpindi Cantt where it’s registered and head offices are situated.
It has strong presence in the important commercial centers across the country through its elaborate branch network. It has a total of 10 branches in various cities across Pakistan such as Karachi, Lahore, Rawalpindi, Islamabad, Peshawar, Faisalabad, Multan, Sialkot and Gujranwala. PACRA has maintained Askari Leasing s entity rating of A Plus for long-term and A1 for short-term obligations based on results of June 30, 2007.
It has strong presence in the important commercial centers across the
“ANALYSIS OF FINANCIAL STATEMENTS FINANCIAL YEAR 2009”
OVERVIEW OF THE COMPANY:
Askari Leasing Limited (ALL) was incorporated in Pakistan as a public limited company on August 1, 1993 and was granted certificate of commencement of business on November 3, 1993 with a capital base of Rs 100 million. As of June 30, 2009, its total equity was over Rs 1.4 billion while its balance sheet was nearly Rs 11.8 billion. The company is controlled by the Army Welfare Trust (AWT) which owns 57.66% of the company s stock.
Its 1,192 individual shareholders own 5.886% shares. Remaining shares are with other institutional investors and employees. It has a presence in the consumer, transport, communications, textiles, power and healthcare sectors. The company also offers Certificates of Investments for various durations, both short-term and long-term. Some of its products are as follows: Askar, ALL s flagship products which has been synonymous with the concept of auto leasing in the country, Ask Life, Industrial Lease, Certificates of Investments, Ask Overseas and Ask Power.
Its other sister concerns are Askari Commercial Bank Ltd, Askari General Insurance Company Limited, Askari Cement Company Limited, Askari Aviation (Pvt) Ltd, Askari Associates (Pvt) Limited, Askari Information Systems Limited, Askari Guard Limited. Askari Leasing Ltd is operating from 5th Floor, AWT Plaza, The Mall, and Rawalpindi Cantt where it’s registered and head offices are situated.
It has strong presence in the important commercial centers across the country through its elaborate branch network. It has a total of 10 branches in various cities across Pakistan such as Karachi, Lahore, Rawalpindi, Islamabad, Peshawar, Faisalabad, Multan, Sialkot and Gujranwala. PACRA has maintained Askari Leasing s entity rating of A Plus for long-term and A1 for short-term obligations based on results of June 30, 2007.
It has strong presence in the important commercial centers across the