MIRA INFORM REPORT

 

 

Report Date :

29th June 2006

 

IDENTIFICATION DETAILS

 

Name :

KAGHAN TRADING COMPANY

 

 

Registered Office :

Plot No.86, Sector-15, Korangi Industrial Area, Karachi, Pakistan

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1992

 

 

Legal Form :

Partnership

 

 

Line of Business :

Engaged in Import & Trading of Industrial Gases, Airconditioning & Refrigeration Supplies & Parts, Acids

 

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 :

Regular

 

 

Litigation :

Clear

 

                                   


Business Name

 

KAGHAN TRADING COMPANY

 

 

Full Address       

 

Registered Address

Plot No.86, Sector-15, Korangi Industrial Area, Karachi, Pakistan

                       

Tel

92 (21) 5067082, 5067095

Fax

92 (21) 5066619

Email

kaghan@cyber.net.pk

 

 

 

Short Description Of Business

 

Nature of Business        

Import & Trading of Industrial Gases, Airconditioning & Refrigeration Supplies & Parts, Acids

Year Established

1992

 

 

 

Branches

 

None  

 

 

 

Legal Status

           

Subject Company was established as a Partnership Business in 1992

 

 

Details of Managing Partner / Partners

 

Names

Nationality

Address

Occupation

Designation

Mr. Mohammad Ahmed

 

 

Mr. Mohammad Younus

Pakistani

 

 

 

Pakistani

86/15, Korangi Industrial Area, Karachi

 

86/15, Korangi Industrial Area, Karachi

Trading Business

 

 

Trading Business

Managing Partner

 

 

Partner

 

 

 

Sister Concern

 

(1) Capital Chemical Company, Pakistan.

 

 

Business Activities

 

Subject Company is engaged in the business as Import & Trading of Industrial Gases Airconditioning & Refrigeration Supplies & Parts, Acids

 

It sells against Cash.

 

Its’ major customers are factories, manufacturing companies, private organizations.

 

Subject operates from caption leased plot premises of area measuring 875 sq.yards which is situated in industrial area.

 

Subject employs about 10 persons in its set up.

 

 

Import from

 

Mainly from U.S.A., China, U.A.E. & Taiwan

 

 

Suppliers (Foreign)

 

(1) M/S HONEYWELL INTERNATIONAL INC, USA.

(2) SHANDONG DONGYUE CHEMICAL CO. LTD, CHINA.

(3) ASTIC GENERAL TRADING L.L.C., DUBAI, U.A.E.

(4) SINOCHEM NINGBO LIMITED, CHINA.

(5) YINGPENG CHEMICAL CO, CHINA.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

36,000,000/- (Estimated)

 

 

Bankers

 

  1. Soneri Bank Limited, Pakistan.
  2. Bank Alhabib Limited, Pakistan.
  3. Metropolitan Bank Limited, Pakistan.

 

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.75

UK Pound

1

  Rs. 110.60

Euro

1

Rs. 76.30 

           

 

 

Memberships

 

Karachi Chamber of Commerce & Industry.(KCCI)

 

 

Comments

 

Subject Company was established in 1992 and is engaged in import & trading of Industrial Gases, Airconditioning & Refrigeration Supplies & Parts, Acids. Trade relations are reported as fair. Payments to creditors are reported as correct. 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