MIRA
INFORM REPORT
|
Report Date : |
5th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
ANSARI
TRADERS |
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Registered Office : |
Lajput Road, Hyderabad, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1990 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Imports and Exports of Fresh Fruits and
Vegetables, Garments. Also engaged in import & trading of Coconut,
Coconut Oil |
RATING & COMMENTS
|
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 : |
Usually
Correct |
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Litigation : |
Clear |
Business Name
ANSARI TRADERS
Full Address
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Registered
Address |
|
Lajput Road, Hyderabad, Pakistan |
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Tel |
92 (22) 2781613, 4933796, 2783705 |
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Fax |
92 (22) 2781614 |
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Short Description Of Business
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Nature of Business |
Imports and Exports of Fresh Fruits and Vegetables, Garments. Also engaged in import & trading of Coconut, Coconut Oil |
|
Year Established |
1990 |
Branches
In Karachi & Lahore
Legal Status
Subject Concern was established as a Proprietorship Business in 1990
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Akram Ansari |
Pakistani |
Lajput Road, Hyderabad |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated
Companies
(1) Ameer & Sons, Hyderabad, Pakistan
Business Activities
Subject Concern is engaged in the business as import and export of Fresh Fruits and Vegetables, Garments. Also engaged in import & trading of Coconut, Coconut Oil.
It sells against Cash or Credit terms.
It’s mainly import from Srilanka at present.
Its’ major international customers are located in Dubai, Malaysia, Brunei and United Kingdom.
Subject operates from caption leased shop premises of area measuring 1,345 sq.ft. which is situated in commercial area.
Subject employs about 5 persons in its set up.
Suppliers (Foreign)
(1) EXPO
LANKA LIMITED, SRILANKA.
(2) COAST
LAND COCONUT EXPORTS, SRILANKA.
(3) A R
RAHMAN A R RAHEEM EXPORTS, SRILANKA.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
43,000,000/- (Estimated) |
Bankers and their addresses
Askari Commercial Bank Limited, Saddar Bazar Branch P.O Box 470, Hyderabad, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 60.50 |
|
UK Pound |
1 |
Rs. 113.40 |
|
Euro |
1 |
Rs. 77.80 |
Comments
Subject Company
was established in 1990 and is engaged in import and export of Fresh Fruits and
Vegetables, Garments. Also engaged in import & trading of Coconut, Coconut
Oil. Trade relations are reported as fair. Payments to creditors etc are
reported as correct. Subject can be considered for normal business dealings at
usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |