MIRA INFORM REPORT

 

 

Report Date :

25th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

ALIQSHA COMMODITIES CORPORATION

 

 

Registered Office :

10/15, Arkay Square (Extension), New Challi, Shahrah-e-Liaquat, Karachi, Pakistan

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1999

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Export of Spices, Seeds, Dried Fruits, Herbs, Roots, Rice, Vegetables

 

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

 

ALIQSHA COMMODITIES CORPORATION

 

 

Full Address       

 

Registered Address

10/15, Arkay Square (Extension), New Challi, Shahrah-e-Liaquat, Karachi, Pakistan

                       

Tel                          92 (21) 2423910, 2425974

Fax                         92 (21) 2414912

Email                      ---

 

 

Short Description Of Business

 

a. Nature of Business                                   Export Of Spices, Seeds, Dried Fruits, Herbs, Roots, Rice,

                                                                  Vegetables

b. Year Established                                     1999

c. National Tax                                            # 2310765

 

 

Branches

 

Address                 M.R. 6/30/5, M. Firoz Shah Street, Jodia Bazar, Karachi, Pakistan

Tel #                        92 (21) 2418177, 2415568

Fax #                        92 (21) 2417371, 2412348

 

 

Godown Location

 

Address                 Plot # 25, K-28, Trans Lyari, Just 3rd Street, New Truck Stand, Main Hawksbay Road, Karachi, Pakistan

Tel #                        92 (21) 2350791, 2350792, 2350793

Fax #                        92 (21) 2350795

 

 

Legal Status

           

Subject Company was established as a Proprietorship business in 1999

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Mohammad Ilyas

Pakistani

 

 

 

 

Chemi Center, First Floor, MR 4/49, Adamjee Dawood Road, Karachi

Trading Business

 

 

 

Proprietor

 

 

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

            None                                              

           

B.         Associated Companies

 

(1) Asian Commodities Corporation, Pakistan.

(2) Rahim Corporation, Pakistan.

(3) Ilyas Trading Corporation, Pakistan.

 

 

Business Activities

 

Subject Company is engaged in the business as export of Spices, Seeds, Dried Fruits, Herbs, Roots, Rice,  Vegetables including Red Chillies Whole (Stemless) Dundicut, Red Chillies Crushed, Pure Red Chillies Powder, Corriander Seeds Whole, Pure Corriander Powder, Cumin Seeds Whole, Pure Cumin Powder, White Sesame Seeds, Black Sesame Seeds, Hulled (Washed) Sesame Seeds, Fennel Seeds Green, Licorice Roots, Dried Lemon Whole, Basmati Rice, Pine Nuts in Shells, Pine Nuts in Kernels, Dried Dates, Almonds with Soft Shells, Almonds Kernels, Pistachios in Shells, Pistachios Kernels, Black Raisins, Dried Sweet Apricots, Green Raisins, Walnuts Kernels, Green Mung, Green Mung Split, Mung Daal Washed, Chana Daals, Masoor Whole, Masoor Daals, Dried Red Rose Buds, Fresh Potatoes, Fresh Onion, Fresh Garlic.

 

It sells against Credit terms in local market. Whereas in case of export, the payment would be accepted through L/C as well as T.T.

 

Its’ major customers are retailers, Vegetable Markets in Karachi.

 

Subject operates from caption leased office premises of area measuring 1,240 Sq.ft. which is situated in commercial area.

 

Subject employs about 25 - 30 persons in its set up.

 

 

Annual Sales Volume

 

Year                                                                         In Pak Rupees

2005                                                                         67,000,000/- (Estimated)

 

 

Customers

 

Various Domestic & International (Approximately 80)

 

 

Bankers and their addresses

 

Bank Alhabib Limited, New Challi Branch, Karachi, Pakistan.

 

Prime Commercial 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. 60.85  

UK Pound                             1              Rs. 117.00  

Euro                                     1              Rs. 79.20

           

      

 Comments

 

Subject Company was established in 1999 and is engaged in export of Spices, Seeds, Dried Fruits, Herbs, Roots, Rice Vegetables. 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

NR

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

No Rating

 

 

 

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