MIRA
INFORM REPORT
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Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ALTAF
ENTERPRISES |
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Registered Office : |
Shop.No.3, NP-12/105-65, Amar Singh
Street, Jodia Bazar, Nayla Manzil, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1992 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Commodities &
Food Items |
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
ALTAF ENTERPRISES
Full Address
Registered Address
Shop.No.3, NP-12/105-65, Amar Singh Street, Jodia Bazar, Nayla Manzil, Karachi, Pakistan
Tel 92 (21) 2525665
Fax 92 (21) 2525665
Email ---
Short Description Of Business
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a. |
Nature of Business |
Import & Trading of Commodities & Food Items |
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b. |
Year Established |
1992 |
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c. |
National Tax # |
1548271 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship Business in 1992
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Mohammad Altaf |
Pakistani |
Shop.No.3, Np-12/105-65, Amar Singh Street, Jodia Bazar, Nayla Manzil, Karachi |
Trading Business |
Proprietor |
Associated Companies
(1) M.S. Enterprises, Pakistan
Business Activities
Subject Concern is engaged in the business as import & trading of Commodities & Food Items such as Peanuts, Pulses, and Spices.
It Purchase against L/C, T/T.
It sells against Cash.
It’s mainly import from China, Iran, and Afghanistan.
Its’ major customers are Traders, Individuals.
Subject operates from caption leased shop premises of area measuring 550 sq.ft. which is situated in commercial area in Jodia Bazar.
Subject employs about 3 persons in its set up.
Annual Sales Volume
Year In Pak Rupees
2005 15,000,000/- (Estimated)
Bankers
Prime Commercial Bank Limited, I.I. Chundrigar Road, Karachi, Pakistan.
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.75 |
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UK Pound |
1 |
Rs. 116.80 |
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Euro |
1 |
Rs. 79.10 |
Comments
Subject Concern was established in 1992 and
is engaged in import & trading of Peanuts, Pulses & Spices. Trade
relations are reported as fair. Subject Concern 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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