Commercial Credit Report for Nishat Mills Limited

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	Nishat Mills Limited
7, Main Gulberg
Phone: +92 4235716351p:+92 4235716351	LAHORE, 54000 Pakistan	Ticker: NMLNML

Business Summary

Nishat Mills Limited is a vertically integrated textile company. It is engaged in the business of textile manufacturing and of spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel, buying, selling, and dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fiber, and cloth and to generate, accumulate, distribute, supply, and sell electricity. It operates through six segments: Spinning, Weaving, Dyeing, Home Textile and Terry, Garments, Power Generation, and Hotel. Its Spinning segment is engaged in producing different quality of yarn, including dyed yarn, and sewing thread using natural and artificial fibers. Its Weaving segment offers different qualities of greige fabric using yarn. Its Dyeing segment offers dyed fabric using different qualities of greige fabric. Its Home Textile and Terry segment offers home textile articles using processed fabric produced from greige fabric and manufacturing of terry and bath products.

Scores and Ratings

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

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	6/30/2023	Yes	-	-	-	-

Industries

SIC Code	Description
2269	Finishers of textiles, not elsewhere classified
2281	Yarn spinning mills
2211	Broadwoven fabric mills, cotton
2824	Manmade organic fibers, except cellulosic
2262	Finishers of broadwoven fabrics of manmade fiber and silk
4911	Electric services
7011	Hotels and motels

Officers and Directors

Title	Name	Title Date	Start Date
Non-Executive Chairman of the Board	HassanMansha	4/10/2014
Chief Executive Officer, Executive Director	UmerMansha	4/4/2016	9/8/2007
Chief Financial Officer	MuhammadAzam	1/1/2019	3/31/2014
5 additional Officers and Directors records available in full report.

Business Names

Business Name
Nishat Mills Limited
NML

General Information

Number of Employees:	26,359	(As of 6/30/2023)
Outstanding Shares:	351,599,848	(As of 12/31/2023)
Shareholders:	13,861
Stock Exchange:	PSX
Fax Number:	+92 4235716349

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