Commercial Credit Report for Avanceon Ltd (Parent)

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	Avanceon Ltd (Parent)
19 - KM, Multan Road
Phone: +92 42111940940p:+92 42111940940	LAHORE, 54660 Pakistan	Fax: +92 4237515128f:+92 4237515128

Business Summary

Avanceon Limited is a Pakistan-based provider of industrial automation, process control, and systems integration, as well as proprietary energy management solutions and support services. The Company's After Marketing Support (AMS) segment is engaged in the provision of services, such as technical support and service level agreements (SLAs) and related spares. Its Core Business segment includes Application Based Solutions (ABS), Systems, and Products. ABS sales include the supply of patented systems, power products, software, Variable Speed Drives (VSDs), and Variable Frequency Drives (VFDs). Systems sales are embedded solutions for multiple original equipment manufacturers (OEMs) equipment. Products include the sale of motors, analyzers, and other specialized products of OEMs. Its Specialized Business segment includes Energy Management Systems (EMS) and High End Solutions (HES). Its other segments include Manufacturing and Assembling, Engineering services business and Middle East.

(Source: ARS)

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
3/31/2019	12/31/2018	Yes	-	-	-	-

Industries

SIC Code	Description
8711	Engineering services

Officers and Directors

Title	Name	Title Date
Chairman of the Board	Khalid H.Wain	3/29/2020
President, Executive Director	TanveerKaramat	1/1/2021
Chief Executive Officer, Executive Director	Bakhtiar H.Wain	1/1/2021
5 additional Officers and Directors records available in full report.

General Information

Number of Employees:	191	(As of 12/31/2013)
Outstanding Shares:	376,297,850	(As of 5/18/2023)
Fax Number:	+92 4237515128

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