MIRA
INFORM REPORT
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Report Date : |
25th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
TRADE
PARTNER |
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Registered Office : |
Ground
Floor, 814/3 Hussainabad, F.B. Area, Karachi-75400, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1978 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import
& Trading of General & 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 : |
Regular
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Litigation : |
Clear |
Business Name
TRADE PARTNER
Full Address
Registered
Address
Ground
Floor, 814/3 Hussainabad, F.B. Area, Karachi-75400, Pakistan
Tel 92 (21) 6339196, +923003589829
Fax 92 (21) 6336196
Email hashimabrahani@yahoo.com,
Short Description Of Business
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a. |
Nature
of Business |
Import
& Trading of General & Food Items |
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b. |
Year
Established |
1978 |
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c. |
National
Tax # |
2288255 |
Branches
None
Legal Status
Subject
Company was established as a Proprietorship Business in 1978
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr.
Muhammad Hashim |
Pakistani |
Ground
Floor, 814/3 Hussainabad, F.B. Area, Karachi |
Trading
Business |
Proprietor |
Associated Companies
(1) SSC
International, Pakistan
Business Activities
Subject
Company is engaged in the business as import & trading of General Items
& Food Items including Pulses, Spices, Groundnut Kernels Whole, Fennel
Seeds.
It
Purchase against L/C, D/A basis.
It sells
against Cash or Credit terms.
It’s
mainly import from China & India.
Its’
major customers are traders from Jodia Bazar, Kagzi Bazar.
Subject
operates from caption leased office premises of area measuring 780 sq.ft. which
is situated in commercial area.
Subject
employs about 2 persons in its set up.
Suppliers (Foreign)
(1) Rachna Seeds, India.
(2)
Prakash Overseas, India.
Annual Sales Volume
Year In
Pak Rupees
2005 20,000,000/-
(Estimated)
Bankers
Prime
Commercial Bank Limited, Pakistan.
Bank of
Punjab, Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
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US
Dollar |
1 |
Rs.
60.85 |
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UK
Pound |
1 |
Rs.
117.00 |
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Euro |
1 |
Rs.
79.20 |
Comments
Subject
Company was established in 1978 and is engaged in import & trading of
General & Food Items. Trade relations are reported as fair. Payments to
creditors etc are reported as normal. Subject 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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