MIRA INFORM REPORT

 

 

Report Date :

27th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

MAZ ENTERPRISES

 

 

Registered Office :

Office # 302, 3rd Floor, Zehra Square M.A. Jinnah Road, Karachi, Pakistan

 

 

Country :

Pakistan

 

 

Date of Incorporation :

2005

 

 

Legal Form :

Proprietorshi

 

 

Line of Business :

Import & Trading of Commodities, Food Items 

 

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

 

MAZ ENTERPRISES

 

 

  Full Address          

 

Registered Address

Office # 302, 3rd Floor, Zehra Square M.A. Jinnah Road, Karachi, Pakistan

                       

Tel            92 (21) 2414339

Fax           92 (21) 2416729

Email        maz_enterprises@hotmail.com

 

 

Short Description Of Business

 

a.

Nature of Business           

Import & Trading of Commodities, Food Items 

b.

Year Established

2005

c.

National Tax #

2485199

 

 

Branches

 

None           

 

 

Legal Status

           

Subject Company was established as a Proprietorship Business in 2005

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Shahid

 

 

 

 

Mr. Mohammad Altaf

Pakistani

 

 

 

 

 

Pakistani

Office # 302, 3rd Floor, Zehra Square M.A. Jinnah Road, Karachi

 

Office # 302, 3rd Floor, Zehra Square M.A. Jinnah Road, Karachi

Trading Business

 

 

 

 

Trading Business

Proprietor

 

 

 

 

 

Import Manager

 

 

Associated Companies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

 

(1) Zakaria & Co, Pakistan.        

 

 

Business Activities

 

Subject Company is engaged in the business as import & trading of Commodities & Food Items including Pulses, Spices, Groundnut Kernels Whole, and Fennel Seeds.

 

It Purchase against L/C.

 

It sells against Cash or Credit terms.

 

It’s mainly import from India, Indonesia, Srilanka, U.A.E.

 

Its’ major customers are Traders, Food Companies, Individuals.

 

Subject operates from caption leased office premises of area measuring 650 sq.ft. which is situated in commercial building.

 

Subject employs about 2 persons in its set up.

 

 

Suppliers (Foreign)

 

Not mentioned by the Proprietor of the Company

 

 

Annual Sales Volume

 

Year                                                           In Pak Rupees

2005                                                           3,600,000/- (Estimated)

 

Note:

 

The reason for low sales because of a new company.

 

 

Bankers

 

PICIC Commercial Bank Limited, Boulton Market Branch, Karachi, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.75  

UK Pound

1

  Rs. 116.80  

Euro

1

       Rs. 79.10

           

       

Comments

 

Subject Company was established in 2005 and is engaged in import & trading of Commodities & Food Items. 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