MIRA INFORM REPORT

 

 

Report Date :

6th November 2006

 

IDENTIFICATION DETAILS

 

Name :

SHABBIR MARBLE WORKS

 

 

Registered Office :

Plot # A-52 Wilayatabad, Manghopir Road, Karachi, Pakistan

 

 

Country :

Pakistan

 

 

Date of Incorporation :

2001

 

 

Legal Form :

Partnership

 

 

Line of Business :

Engaged in import & trading of   marble & onyx, mosaic tiles, granite

 

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

 

SHABBIR MARBLE WORKS

 

 

Full Address       

 

Registered Address

Plot # A-52 Wilayatabad, Manghopir Road, Karachi, Pakistan

                       

Tel

92 (21) 2562291

Fax

92 (21) 6641272

Email

crownmarble@yahoo.com

 

 

Short Description Of Business

 

Nature of Business        

Import & Trading of   Marble & Onyx, Mosaic Tiles, Granite

Year Established

2001

National Tax #

1597853

 

 

 

Branches

 

None           

 

 

 

Legal Status

 

Subject Company was established as a Partnership business in 2001

 

 

 

Details of Managing Partner / Partners

 

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Aslam Shafi

 

 

 

Mr. Shabbir Ahmed

Pakistani

 

 

 

 

Pakistani

Plot # A-52 Wilayatabad, Manghopir Road, Karachi

 

Plot # A-52 Wilayatabad, Manghopir Road, Karachi

Trading Business

 

 

 

Trading Business

Managing Partner

 

 

 

Partner

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None

           

 

B.         Associated Companies

 

(1) Crown Marbles, Pakistan      

 

 

Business Activities

 

Subject Company is engaged in the business as import & trading of Marble & Onyx, Mosaic Tiles, and Granite

 

It sells against Cash / Credit terms to its local customers.

 

It’s mainly import from Canada, India, China and Italy.

 

Its’ major customers are Traders, Construction Companies, Private Contractors etc.

 

Subject operates from caption leased warehouse premises of area measuring 350 Sq.Yards. which is situated in commercial area.

 

Subject employs about 5 persons in its set up.

 

 

Trade Suppliers (Foreign)

 

(1) LUCKY EXPORTS, INDIA.

(2) MARUTI EXPORTS, INDIA.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

25,000,000/- (Estimated)

 

 

 

Bankers and their addresses

 

United Bank Limited, State Life Building Branch, I.I. Chundrigar Road, Karachi, Pakistan.

 

 

 

Memberships

 

·         Karachi Chamber of Commerce & Industry.(KCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.63

UK Pound

1

  Rs. 114.70

Euro

1

Rs. 76.70

           

       

 

Comments

 

Subject Company was established in 2001 and is engaged in import & trading of Marble & Onyx, Mosaic Tiles & Granite. Trade relations are reported as fair. Payments to creditors etc are reported as normal. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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