Sigma Leasing Company Introduction

Sigma introduces itself as a professional and progressive leasing company operating in Pakistan. It is approved by the Securities and Exchange Commission of Pakistan,the then Corporate Law Authority, (CLA)and commenced it operations on January 28, 1997. Sigma Leasing Corporation Limited is a public limited company listed on the Karachi Stock Exchange, with a paid up capital of Rs.100million, with its head offices at Karachi. The company is now increased to Rs.200 million with equity base of Rs. 260 million.

The basic objective of Sigma Leasing Corporation Limited is to provide full payout financial leases against plant and machinery, office equipment and vehicles . However, along with providing this facility, Sigma Leasing also intends to embark on other services which include consumer lease finance and micro leasing.

Sigma Leasing is committed to use state of the art technology for its operations :

-	The entire operations of the company are computerized with a Local Area Network (LAN) linking all departments of the company.
-	The company is continuously upgrading the computer hardware to keep the system current and compatible to the future requirements.
-	The lease management system language has also been shifted to `Oracle` to give a long mileage to cover the entire requirements of the system , operations & MIS.
-	the company has a computerized account with the Central Depository System (CDS) of the Karachi Stock Exchange and the company's equity portfolio (eligible securities) is maintained within the CDS.
-	the company's shares are eligible security of the CDS and all the company's shares traded at the Karachi Stock Exchange are settled within the CDS in computerized mode.

SIGMA'S CREDIT RATING
The company has already undergone rating process by JCR-VIS. Credit Rating Co. The company has been assigned medium to long term entity rating BBB+ and short term entity rating A 2 an investment grade.

Medium to Long Term Entity Rating of BBB+ (Triple B Plus)
Description : Adequate credit quality. Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.

Short Term Entity Rating of A 2
Description : Good certainty of timely payment. Liquidity factors and company fundamentals are sound. Although on-going funding needs may enlarge total financing requirements, access to capital markets in good. Risk factors are small.

TFC Rating A
Description : Good Credit quality protection factors are adequate Risk factor may vary with the possible changes in the economy.

Sigma Leasing Corporation Ltd. is committed to the development of a strong industrial base through lease products and has concentrated on capital intensive industries and endeavoured to cater the needs ranging across the cross section of the economy. Another objective would be a deviation from the usual market segment of large corporate clients and exploration of new markets in the medium and small sectors comprising of industrial and commercial units. However, only sound and credit worthy customers would be offered leasing facilities.

The broader objective of the company is to make Sigma Leasing Corporation Limited a known professional leasing company providing assistance to the industrial and commercial sector of Pakistan. Efforts are being made to establish the company as one of the top ranking companies in the leasing sector. Sigma Leasing Corporation Limited participates in facilitating the lessee by providing cash flow benefits, a sound hedge against inflation, an alternate source of funding, avoidance of dilution of share ownership, time efficiency and above all tax efficiency.

Sigma Leasing actively seeks to play a positive and constructive role in expanding the capital and fund markets in Pakistan and actively invites offshore fundings both from private sources and multinational agencies with the objective of expanding the fund base, available for Pakistan's industrial and economic growth. It will particularly assist the private sector in Pakistan to meet its medium term capital needs for expansion and Balancing, Modernising and Replacement (BMR).


Sigma Leasing Corporation Limited. SIGMA HOUSE 8-C, Block-6, P.E.C.H.S Off.Shaharah -e- Faisal Karachi -75400.(Pakistan). Tel # : (92-21) 4557233-4 , 4544850-1 Fax # : (92-21) 4544439 E-mail: sigma@khi.comsats.net.pk