MIRA
INFORM REPORT
|
Report Date : |
16th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
DANISH
TRADERS |
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Registered Office : |
Suite # 504, Al-Rehmat Trade Centre Opp
City Court, Dandia Bazar, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1992 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged in the business of imports &
trading of pulses, spices, cheak peas, garlic |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
DANISH TRADERS
Full Address
|
Registered
Address |
|
Suite # 504, Al-Rehmat Trade Centre Opp City Court, Dandia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 7725391 |
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Fax |
92 (21) 7725164 |
Short Description Of Business
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Nature of Business |
Import & Trading of Pulses, Spices, Cheak Peas, Garlic |
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Year Established |
1992 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship Business in 1992
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Shahbuddin Abdullah |
Pakistani |
Suite # 504, Al-Rehmat Trade Centre Opp City Court, Dandia Bazar, Karachi |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated
Companies
- Do -
Business Activities
Subject Company is engaged in the business as import & trading of Pulses, Spices, Cheak Peas, Garlic
It sells against Cash or Credit terms.
It’s mainly import from Canada, China, Singapore, Malaysia, Thailand.
Its’ major customers are traders from main markets in Karachi.
Subject operates from caption leased office premises of area measuring 860 sq.ft. which is situated in commercial area.
Subject employs about 3 persons in its set up.
Suppliers (Foreign)
(1)
FINAORA INC, CANADA.
(2) ALFRED C. TOEPFER (CANADA)
LIMITED, CANADA.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
22,000,000/- (Estimated) |
Bankers and their addresses
Bank Alfalah Limited, Gulzar Manzil, Mohammad Shah Street, Jodia Bazar, Karachi, Pakistan
Memberships
- Karachi Chamber of Commerce
& Industry.
- Karachi Wholesale Grocers
Association.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 60.42 |
|
UK Pound |
1 |
Rs. 111.40 |
|
Euro |
1 |
Rs. 76.05 |
Comments
Subject Company
was established in 1992 and is engaged in import & trading of Pulses,
Spices, Cheak Peas, Garlic. 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.
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |