MIRA
INFORM REPORT
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Report Date : |
6th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
A.S.
ENTERPRISES |
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Registered Office : |
Shop #
31, Madina Masjid, Quaidabad, Hyderabad, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged
in trading of Pulses, Spices, Coconut Seeds |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown
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Litigation : |
Unknown
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Business Name
A.S. ENTERPRISES
Full Address
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Registered
Address |
|
Shop #
31, Madina Masjid, Quaidabad, Hyderabad, Pakistan |
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Tel |
92 (22)
2611874 (disconnected due to non payment) |
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Fax |
92 (22)
2611874 |
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|
Not Available |
Short Description Of Business
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Nature of Business |
Trading of Pulses, Spices,
Coconut Seeds. |
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Year Established |
2000 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 2000
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Abdul Salam |
Pakistani |
Shop # 31, Madina Masjid, Quaidabad, Hyderabad |
Business |
Proprietor |
Number of Employees
1
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
2,500,000/- (Estimated) |
Agencies (Local and foreign)
None
Customers
Very
Limited Customers only in Hyderabad
Bankers and their addresses
(1) Habib Bank Limited, Habib Square, M.A. Jinnah Road, Karachi, Pakistan.
Note:
The Subject doesn’t have its own account and particular account belongs to someone else.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 60.40 |
|
UK Pound |
1 |
Rs. 113.10 |
|
Euro |
1 |
Rs. 77.90 |
Comments
Subject is a small company engaged in trading of Pulses, Spices, and Coconut Seeds. Proprietor is not well known in the Hyderabad trading circle. Subject is not involved in export as well as import activity. Trade relations are not known. Subject can therefore, be ignored for any kind of business dealings.
RATING EXPLANATIONS
|
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 |
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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 |