MIRA INFORM REPORT

 

 

Report Date :

13th May 2006

 

IDENTIFICATION DETAILS

 

Name :

M. MURID INDUSTRY

 

 

Registered Office :

Muhalla Islampura, Gali # 4, Ugoki, Sialkot, Pakistan 

 

 

Date of Incorporation :

1976

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Manufacture & Export of  Hand Tools, Surgical, Optical & Jewellers Tools

 

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 :

No Complaint

 

 

Litigation :

Clear

 

 

Business Name   

 

M. MURID INDUSTRY

 

 

Full Address                 

 

Registered Address

Muhalla Islampura, Gali # 4, Ugoki, Sialkot, Pakistan 

                  

Tel

92 (52) 3510343, 3512428

Fax

92 (52) 3511197, 3511885

Email

muridind@brain.net.pk

 

 

         

Short Description Of Business

 

Nature of Business         

Manufacture & Export of  Hand Tools, Surgical, Optical & Jewellers Tools

Year Established

1976

 

 

 

Branches

 

None               

 

 

Legal Status

 

Subject Company was established as a Proprietorship Business in 1976

 

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Murid Hussain Mughal

 

 

Mr. Ayaz Mirza

 

Pakistani

 

 

 

Pakistani

Muhalla Islampura, Gali # 4, Ugoki, Sialkot

 

Muhalla Islampura, Gali # 4, Ugoki, Sialkot

Business

 

 

 

Business

Proprietor

 

 

 

Manager Export

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.      Subsidiary

 

None                                             

         

B.      Associated Companies

 

- Do -

 

 

 

Products

 

Manufacture & Export of  Hand Tools, Surgical, Optical & Jewellers Tools such as Jeweller’s Pliers, Optician’s Pliers, Easy Hold Pliers, Needle Pliers, Special Optician’s Pliers, Special Optician’s Pliers, Ring & Jeweller’s Pliers, Manicure & Pedicure, Jeweller’s Watch & Clock Makers Tweezers, Hammer & Anvils, Scissors.

 

 

 

Number of Employees

 

200 

 

 

 

Annual Production Volume

         

Approximately 2,000,000 to 2,500,000 pieces per annum

 

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

70,000,000/- (Estimated)

 

 

 

Customers (Foreign)

 

HELBY IMPORT COMPANY, U.S.A.

TORO IMPORT, U.S.A.

FLUMETECHNIK, GERMANY.

DOXA GUADALAGARA, MEXICO.                  

 

 

 

Bankers and their addresses

 

Habib Bank Limited, Kashmir Road Branch, Sialkot, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.23

UK Pound

1

  Rs. 113.20

Euro

1

Rs. 77.15

 

  

 

Memberships

 

Sialkot Chamber of Commerce & Industry.(SCCI)

 

 

Comments

 

Subject Company was established in 1976 and is engaged in manufacture & export of Hand Tools, Surgical, Optical & Jewellers Tools. Their 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