MIRA INFORM REPORT

 

 

Report Date :

16th June 2006

 

IDENTIFICATION DETAILS

 

Name :

MAST QALANDER TRADERS

 

 

Registered Office :

Suite # 503, Al-Rehmat Trade Centre, Opp City Court, Dandia Bazar, Karachi, Pakistan

 

 

Country :

Pakistan

 

 

Date of Incorporation :

2000

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Engaged in import & export of Desi Chickpeas, Chana Daal, Rice, Pulses, Grains, Seeds and other commodities

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

                                   

Business Name

 

MAST QALANDER TRADERS

 

 

Full Address       

 

Registered Address

Suite # 503, Al-Rehmat Trade Centre, Opp City Court, Dandia Bazar, Karachi, Pakistan

                       

Tel

92 (21) 7774500, 7774600, 7774700, 2734794

Fax

92 (21) 7766666

 

 

Short Description Of Business

 

Nature of Business        

Engaged in import & export of Desi Chickpeas, Chana Daal, Rice, Pulses, Grains, Seeds and other commodities

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. Naresh Kumar

Pakistani

503, Al-Rehmat Trade Centre, Opp City Court, Dandia Bazar, Karachi

Trading Business

Proprietor

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None                                                     

           

B.         Associated Companies

 

(1) Jahaan Enterprises, Pakistan                        

 

 

Business Activities

 

(1) Subject Company is engaged in import & export of Desi Chickpeas, Chana Daal, Rice, Pulses, Grains, Seeds and other commodities.

 

(2) It purchases against L/C.

 

(3) It sells against cash or credit terms.

 

(4) Its major exporting countries are Singapore, Srilanka, Thailand, U.A.E..

 

(5) Its’ major customers are traders etc.

 

(6) Subject operates from caption leased office premises of area measuring 860 sq.ft. which is situated in commercial area.

 

(7) Subject employs about 4 persons in its set up.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

34,000,000/- (Estimated)

 

 

Suppliers (Foreign)

 

  1. ARVEE INTERNATIONAL PTE LIMITED, SINGAPORE.
  2. PRAKASH OVERSEAS, INDIA.
  3. SINO MULTIBIZ PTE LIMITED, SINGAPORE.
  4. ASM TRADING PTE LIMITED, SINGAPORE.                 

 

 

Bankers and their addresses

 

  1. Askari Commercial Bank Limited, North Napier Road Branch, Karachi, Pakistan.
  2. Prime Commercial Bank Limited, Main Branch, I.I. Chundrigar Road, Karachi, Pakistan.

  

 

Memberships

 

·         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 2000 and is engaged in import & export of Desi Chickpeas, Chana Daal, Rice, Pulses, Grains, Seeds and other commodities. Trade relations are reported as fair. The Company 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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions