MIRA
INFORM REPORT
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Report Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
EXPRESSO
IMPEX INTERNATIONAL |
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Registered Office : |
Tassawar Manzil, Opposite Vaqar Centre, M. Feroz Street, Jodia
Bazar, Karachi, Pakistan |
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Country : |
Pakistan
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Date of Incorporation : |
1991 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Chemicals &
Industrial Minerals, Chemical & Chemical Compounds, Ceramic Raw Materials |
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 : |
Usually
Correct |
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Litigation : |
Clear |
Business Name
EXPRESSO IMPEX INTERNATIONAL
Full Address
Registered Address
Tassawar Manzil,
Opposite Vaqar Centre, M. Feroz Street, Jodia Bazar, Karachi, Pakistan
Tel 92 (21) 2432481,
2417271, 2424537
Fax 92 (21) 2441160
Email expressort@cyber.net.pk, expresso@cyber.net.pk
Short Description Of Business
a. Nature of Business : Import
& Trading of Chemicals & Industrial Minerals,
Chemical & Chemical Compounds, Ceramic
Raw Materials
b. Year Established :1991
Branches
None
Legal Status
Subject Company was established
as a Proprietorship business in 1991
Details of Proprietor /
Management
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr.
Zubair Riaz Mr. Adnan
Riaz |
Pakistani Pakistani |
Tassawar Manzil, Opposite Vaqar Centre, M. Feroz Street, Jodia
Bazar, Karachi Tassawar Manzil, Opposite Vaqar Centre, M. Feroz Street, Jodia
Bazar, Karachi |
Trading
Business Trading
Business |
Proprietor Manager
(Import & Sales) |
Associated
Companies
None
Business Activities
Subject
Company is engaged in the business as import & trading of Chemicals &
Industrial Minerals, Chemical & Chemical Compounds, Ceramic Raw Materials
It sells
against Cash or Credit terms.
It
purchase against L/C.
Its
major customers are retailers, Traders mainly from commercial markets of
Karachi
Subject
operates from caption leased office premises of area measuring 900 sq.ft. which
is situated in commercial area.
Subject
employs about 3 persons in its set up.
Agencies (Foreign)
(1) ETI MADEN ISLETMELERI, TURKEY.
(2)
FORNO CERAMICA, PORTUGAL.
(3)
PEMAR PECHINEY.
(4) CIM TRADING GMBH, GERMANY.
Annual Sales Volume
Year In
Pak Rupees
2005 65,000,000/-
(Estimated)
Bankers and their addresses
Bank
Alfalah Limited, Jodia Bazar Branch, Karachi, Pakistan.
Soneri
Bank Limited, I.I. Chundrigar Road Branch, Karachi, Pakistan.
Memberships
Karachi
Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
Currency Unit Pakistani
Rupee
US Dollar 1 Rs.
60.68
UK Pound 1 Rs.
115.15
Euro 1 Rs.
77.15
Comments
Subject
Company was established in 1991 and is engaged in import and trading of
Chemicals & Industrial Minerals, Chemical & Chemical Compounds, Ceramic
Raw Materials. Trade relations are reported as fair. Payments to creditors etc
are reported as normal. 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 |
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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 |
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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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