MIRA
INFORM REPORT
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Report Date : |
6th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
FINE SEED CORPORATION |
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Registered Office : |
Shop # 1 N.P. 10/57, Chabba Gali, Jodia
Bazar, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1993 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in the business of Import &
trading of Coconut Seeds & Fresh Coconuts |
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
FINE SEED CORPORATION
Full Address
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Registered
Address |
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Shop # 1 N.P. 10/57, Chabba Gali, Jodia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 2537106, +923333391020, +923002163579 |
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Fax |
92 (21) 2537106 |
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Short Description Of Business
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Nature of Business |
Import & Trading of Coconut Seeds & Fresh Coconuts |
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Year Established |
1993 |
Branches
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Address |
147, Lahore Road, Lahore Cantt, Pakistan |
|
Address |
227, Lahore Road, Lahore Cantt, Pakistan |
Legal Status
Subject Company was established as a Partnership business in 1993
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Rehan Tahir Mr. Zeeshan Tahir |
Pakistani Pakistani |
147, Lahore Road, Lahore Cantt 147, Lahore Road, Lahore Cantt |
Trading Business Trading Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated
Companies
Vohrsons, Pakistan.
Raza Trading Company, Pakistan.
Business Activities
Subject Company is engaged in the business as import and trading of Coconut Seeds & Fresh Coconuts.
It sells against Cash or Credit terms.
It’s mainly import from Srilanka at present.
Its’ major customers are Traders.
Subject operates from caption leased shop premises of area measuring 645 sq.ft. which is situated in commercial area.
Subject employs about 2 persons in its set up.
Suppliers (Foreign)
(1) FARSANA EXPORTS MADURAN KULIYA, SRILANKA.
(2) COAST LAND COCONUT EXPORTS, SRILANKA.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
15,000,000/- (Estimated) |
Bankers and their addresses
Prime Commercial Bank Limited, I.I. Chundrigar Road, Karachi, Pakistan.
Bank Alfalah Limited, Napier Road Branch, Karachi, Pakistan.
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 Company
was established in 1993 and is engaged in import and trading of Coconut Seeds
& Fresh Coconuts. Trade relations are reported as fair. Payments to
creditors etc are reported as normal. Subject can be considered for normal
business dealings at usual trade terms and conditions.
& End of the Report &
This report is produced in accordance with the terms and conditions agreement between the customers. Any republication or other use of this report without BUSINESS INFORMATION SERVICES express written consent is prohibited. BIS disclaims all warranties, express or implied, with respect to the accuracy or its fitness for any purpose.
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 |