MIRA INFORM REPORT

 

 

Report Date :

17th May 2006

 

IDENTIFICATION DETAILS

 

Name :

M.Z. INTERNATIONAL

 

 

Registered Office :

47-A, Bank Square Market, Model Town, Lahore - 54700, Pakistan

 

 

Date of Incorporation :

1989

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Importers & Exporters of Industrial Chemicals

 

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   

 

M.Z. INTERNATIONAL

 

 

Full Address

 

Registered Address

47-A, Bank Square Market, Model Town, Lahore - 54700, Pakistan

                  

Tel

92 (42) 5869559, 5431641

Fax

92 (42) 5868169, 5431640

Email

info@mzinternational.com

 

 

 

Short Description Of Business

 

Nature of Business         

Import & Export of Industrial Chemicals

Year Established

1989

 

 

 

Branches

 

Address

Room # 4, Al Rehman Trade Avenue, 15 Timber Pond Keamari,  Karachi, Pakistan

Tel #

92 (21) 2854860, 2854870

Fax #

92 (21) 2854850

 

Note :

 

The Subject also has its own office in Dubai.      

 

 

Legal Status

         

Subject Company was established as a Proprietorship business in 1989

 

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Azher Iqbal Ahmed

Pakistani

40-A, J.E.C.H.S.        (Lalazar), Thokar Niaz Baig, Lahore

Business

Proprietor

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.      Subsidiary

 

None                                                          

         

B.      Associated Companies

 

- Do -

 

 

 

Business Activities

 

Subject Company is engaged in import & export of Industrial Chemicals such as Hydrochloric Acid, Bleaching Powder, Calcium Chloride, Ammonium Chloride, Liquid Chlorine, Magnesium Chloride, Ferric Chloride, Ammonium Hydroxide, Plaster of Paris, Natural Rubber, PVC Compound, Thermoplastic, PVC Fittings, Adhesives & Plastic Products.

 

It’s mainly import from Malaysia, Thailand, China, Indonesia, Singapore, Norway & Germany.

 

Its exporting countries are Gulf Countries.

 

Subject sells against cash / credit terms.

 

Its major customers are retailers and traders local as well as international.

 

Subject operates from caption leased office, a premise of area measuring 1,234 sq.ft. which is situated in commercial area.

 

Subject employs about 20 persons in its set up.

 

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

67,000,000/- (Estimated)

 

 

 

Authorized Agents

 

(1) Sitara Chemical Industries Limited, Pakistan.

 

 

 

Customers

 

Retailers & Traders (local as well as international).

 

 

 

Bankers

 

Muslim Commercial Bank Limited, Pakistan.

Askari Commercial Bank Limited, Pakistan.

Allied Bank Limited, Pakistan.

 

 

 

Memberships

 

Lahore Chamber of Commerce & Industry. (LCCI)

 

 

 

Financial Information

 

[Figures are in Pakistani Rupees]

 

PARTICULARS

 

 

31.12.2005

 

 

 

Capital Invested

 

43,657,000/-

 

 

 

Annual Sales for 2005

 

67,000,000/- (Estimated)

 

Note:

         

Sole Proprietorship and Partnership concerns are exempted from divulging their Balance Sheet and Profit & Loss Account figures and hence could not be available.

 

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.38

UK Pound

1

Rs. 113.45

Euro

1

Rs. 77.30

      

 

 

Comments

 

Subject Company was established in 1989 and is engaged in import & export of Industrial Chemicals. Their trade relations are reported as fair. Subject 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