MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
EASTERN
TRADERS |
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Registered Office : |
H.
No.5, Street No.7, Block-Z Peoples Colony, Gujranwala, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Manufacturers
& Export of Various Decorative Products, Also engaged in import of
Precious Stones, Imitation Jewellery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Business Name
EASTERN TRADERS
Full Address
|
Registered
Address |
|
H.
No.5, Street No.7, Block-Z Peoples Colony, Gujranwala, Pakistan |
|
Tel |
92
(55) 4276656 |
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Fax |
92
(55) 4276658 |
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Email |
Short Description Of Business
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Nature
of Business |
Manufacture
& Export of Various Decorative Products, Also engaged in import of
Precious Stones, Imitation Jewellery |
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Year
Established |
2000 |
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National
Tax # |
1128958 |
Branches
None
Legal Status
Subject
Company was established as a Proprietorship business in 2000
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr.
Sheikh Mohammad Ishaq Mr.
Omar Ishaq |
Pakistani Pakistani |
H.
No.5, Street No.7, Block-Z Peoples Colony, Gujranwala H.
No.5, Street No.7, Block-Z Peoples Colony, Gujranwala |
Trading
Business Trading
Business |
Proprietor Manager |
Associated Companies
None
Business Activities
Subject
Company is engaged in the business as manufacture & export of decorative
products such as Candlestands, Vases, Lamps, Candles & Holders, Carving
Crafts, and Natural Crafts. Also engaged in import of Precious Stones &
Imitation Jewellery.
It sells
against Cash / Credit terms. In case of export / import, payment would be made
on L/C Basis
Its’
major customers are Traders, Giftshops, Individuals.
Subject
operates from caption leased bungalow premises of area measuring 465 Sq.Yards
which is situated in residential + commercial area.
Subject
employs about 6 persons in its set up.
Exporting Countries
Mainly to Singapore, United
Kingdom, Canada, Germany & Spain
Annual Sales Volume
|
Year |
In Pak
Rupees |
|
2005 |
33,000,000/-
(Estimated) |
Bankers
United
Bank Limited, Pakistan.
MCB Bank
Limited, Pakistan.
Habib
Bank Limited, Pakistan.
Memberships
Gujranwala
Chamber of Commerce & Industry.(GCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
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US
Dollar |
1 |
Rs.
60.63 |
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UK
Pound |
1 |
Rs. 114.70 |
|
Euro |
1 |
Rs.
76.70 |
Comments
Subject
Company was established in 2000 and is engaged in manufacture & export of
decorative products. Also engaged in import of Precious Stones, Imitation
Jewellery. Trade relations are reported as fair. The Company can be considered
for normal business dealings at usual trade terms and conditions.
RATING EXPLANATIONS
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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 |
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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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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