Details

Case

Educator Copy

Zulfiqar Sugar Mills

Saira Latif, Naim Sipra


INDUSTRY : Sugar

AREA : Finance

ORGANIZATION : Zulfiqar Sugar Mills

LENGTH : 12

LUMS No : 02-608-98-1

PUBLICATION YEAR : 1998

DESCRIPTION

KEYWORDS:

Zulfiqar Sugar Mills,Finance,Sugar Industry


DESCRIPTION:

It was the last day of March 1997. Maha Hussain, the new Finance Director of Zulfiqar Sugar Mills (ZSM) had not yet been able to complete her report on the restructuring of the Mill. Maha had recently finished her MBA from a prestigious business school and joined ZSM. At the time of her joining, ZSM was on the verge of liquidation and had been declared a sick unit by the government. Since 1994, it had defaulted on its loans and the creditors had started legal proceedings against the company. Maha was asked to examine the prospects of ZSM. If it was to continue operating, Maha had to analyse different financial restructuring options. She had to explore various ways of rescheduling ZSM’s outstanding debt and select the most appropriate new equity investment proposal from the different proposals put forward by potential investor groups.


LEARNING OBJECTIVES:

N/A


SUBJECTS COVERED:

Finance