MIRA INFORM REPORT
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Report Date : |
8th May 2006 |
IDENTIFICATION DETAILS
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Name : |
A.S. BUSINESS INTERNATIONAL |
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Registered Office : |
34-F
Askari Appartments, Walton Road, Lahore, Pakistan |
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Date of Incorporation : |
2002 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged
in the business as import / export of Rice, Pulses Green Moong, Red Split
Lentils, Peas, Sugar, Wheat, Soyabean meal, Betel Nuts etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
Business Name
A.S. BUSINESS INTERNATIONAL
Full Address
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Registered Address |
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34-F Askari Appartments, Walton Road, Lahore, Pakistan |
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Tel |
92 (42) 7638486, 6301789 |
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Fax |
92 (42) 5179448 |
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Short Description Of Business
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Nature of Business |
Import / Export Business |
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Year Established |
2002 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 2002
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Shahid Ashraf |
Pakistani |
34-F Askari Appartment, Walton Road, Lahore |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Subject Company is engaged in the business as import / export of Rice, Pulses Green Moong, Red Split Lentils, Peas, Sugar, Wheat, Soyabean meal, Betel Nuts etc
It sells against Cash or Credit terms.
Its’ major customers are retailers mainly from Lahore.
Subject operates from caption leased office premises of area measuring 1,257 sq.ft. which is situated in residential + commercial area.
Subject employs about 2 persons in its set up.
Importing Countries
Mainly from China, India, Srilanka
Annual Sales Volume
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Year |
In Pak Rupees |
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2005 |
20,000,000/- (Estimated) |
Bankers and their addresses
Bank Alfalah Limited, Walton Road Branch, Lahore, Pakistan
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.15 |
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UK Pound |
1 |
Rs. 111.20 |
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Euro |
1 |
Rs. 76.05 |
Comments
Subject Company
was established in 2002 and is engaged in import & export of various
commodities & consumer products. Payments are reported as slow but correct.
The Company can be considered for normal business dealings at usual trade terms
and conditions.
RATING EXPLANATIONS
RATING
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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 |