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Avanceon Ltd
19 - KM, Multan Road
Phone: +92 42111940940p:+92 42111940940 LAHORE, 54660  Pakistan Ticker: AVNAVN
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.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023Yes----

Industries
SIC Code Description
8711 Engineering services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
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: 501 (As of 12/31/2023)
Outstanding Shares: 415,022,831 (As of 9/30/2024)
Shareholders: 11,725
Stock Exchange: PSX
Fax Number: +92 4237515128


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Wednesday, November 20, 2024