MIRA
INFORM REPORT
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Report Date : |
5th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
A.S.
TRADERS |
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Registered Office : |
10, Mahboob Chambers, Adamjee Street, Jodia Bazar, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1994 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged in the business as import and
trading of foodstuff items such as Spices, Vegetable Oil, Lentils, Vegetable
Foods, Soya Oil, Sunflower Oil |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Business Name
A.S. TRADERS
Full Address
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Registered
Address |
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10, Mahboob Chambers, Adamjee Street, Jodia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 2433877 |
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Fax |
92 (21) 2433876 |
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|
Not Available |
Short Description Of Business
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Nature of Business |
Import & Trading of Foodstuff Items. |
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Year Established |
1994 |
Branches
In Lahore
Legal Status
Subject Company was established as a Proprietorship Business in 1994
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Chaudry Shahid Yousuf |
Pakistani |
41/II, 10th Street, Phase - V, Defence Housing Authority, Karachi |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated
Companies
- Do -
Business Activities
Subject Company is engaged in the business as import and trading of foodstuff items such as Spices, Vegetable Oil, Lentils, Vegetable Foods, Soya Oil, Sunflower Oil.
It sells against Cash or Credit terms.
It mainly import from China, Malaysia, Thailand, Srilanka, Singapore.
Its’ major customers are retailer from Jodia Bazar located in Karachi.
Subject operates from caption leased office premises of area measuring 854 sq.ft. which is situated in commercial area.
Subject employs about 2 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
|
2005 |
23,000,000/- (Estimated) |
Bankers and their addresses
Bank Al-Habib Limited, Mackinnon’s Building, I.I. Chundrigar Road Branch, Karachi, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 60.50 |
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UK Pound |
1 |
Rs. 113.40 |
|
Euro |
1 |
Rs. 77.80 |
Comments
Subject Company
was established in 1994 and is engaged in import and trading of Spices,
Vegetable Oil, Lentils, Vegetable Foods, Soya Oil and Sunflower Oil. Payments
are reported as slow but correct The Company can be considered for normal
business dealings at usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |