MIRA
INFORM REPORT
|
Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
AMEEJEE VALEEJEE & SONS (PRIVATE) LTD |
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Registered Office : |
Ameejee Chambers,
Campbell Street, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1974 |
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Com. Reg. No.: |
KAR-4158 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import &
Distribution of Elevators, Lifts & Escalators, Air Compressors, Electric
Circuit Breakers of all sorts, Dyes & Chemicals |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Business Name
AMEEJEE VALEEJEE & SONS (PRIVATE) LTD
Full Address
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Registered Address |
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Ameejee Chambers, Campbell
Street, Karachi, Pakistan |
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Tel |
92 (21) 2625492,
2625493, 2625494, 2625495 |
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Fax |
92 (21) 2627817,
2621910 |
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Short Description Of
Business
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Nature of Business |
Import & Distribution of Elevators, Lifts & Escalators, Air Compressors, Electric Circuit Breakers of all sorts, Dyes & Chemicals |
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Year Established |
1974 |
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Registration # |
KAR-4158 |
Branches
|
Address |
10-C, Abid Majeed Road, Lahore
Cantt, Pakistan |
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Tel # |
92 (42) 6676507, 6676508,
6676509 |
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Fax # |
92 (42) 6660640 |
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Address |
155/A, Street 37, F-10/1,
Islamabad, Pakistan |
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Tel # |
92 (51) 2213555, 2291999 |
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Fax # |
92 (51) 2214888 |
Auditors
BDO Ebrahim & Co.
(Chartered
Accountants)
2nd Floor, Block-C, Lakson Square Building # 1, Sarwar Shaheed Road, Karachi, Pakistan
Legal Status
Subject Company was established as a Private Limited Company in 1974
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Authorised Capital |
Rs. 5,000,000/-
divided into 5,000 shares of Rs. 1,000/- each |
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Issued & Paid up Capital |
Rs. 3,600,000/-
divided into 3,600 shares of Rs. 1000/- each |
Details of Chief
Executive / Directors
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Moiz S. Tapal Mr. Amirali S. Tapal Mr. Zafar Ali Mr. Danish A. Tapal Mr. Tajwar M. Tapal Mr. Tabish M. Tapal Mr. Shakil A. Tapal Mr. Mustafa A. Tapal |
Pakistani Pakistani Pakistani Pakistani Pakistani Pakistani Pakistani Pakistani |
6-A, 1st Gizri Lane, D.H.A., Karachi 39-B, Moulvi Tameezuddin Khan Road, Karachi F-198, Clifton, Karachi F-198, Clifton, Karachi 73/6, Munir Road, Lahore Cantt, Lahore 33-B, 3rd Gizri Street, Phase IV, D.H.A., Karachi 39-B, Moulvi Tameezuddin Khan Road, Karachi 39-B, Moulvi Tameezuddin Khan Road, Karachi |
Business Business Business Business Business Business Business Business |
Chief Executive Director Director Director Director Director Director Director |
Shareholders
|
Name |
No of Shares |
|
Mr. Moiz S. Tapal Mr. Amirali S. Tapal Mr. Zafar Ali Mr. Danish A. Tapal Mr. Tajwar M. Tapal Mr. Tabish M. Tapal Mr. Shakil A. Tapal Mr. Mustafa A. Tapal |
600 600 600 600 300 300 300 300 |
Associated Companies
(1) General Shipping Agencies (Pvt) Ltd, Pakistan.
(2) Tapal Energy Limited, Pakistan.
Business Activities
Import & Distribution of Elevators, Lifts & Escalators, Air Compressors, Electric Circuit Breakers of all sorts, Dyes & Chemicals.
Number of Employees
75 - 85
Agencies (Foreign)
(1) ASEA BROWN BOVERI (ABB), SWITZERLAND.
(2) ATLAS COPCO
COMPRESSORS, U.S.A.
(3) BOHLER BLECHE
GMBH, GERMANY.
(4) BOHLER
INTERNATIONAL GMBH, AUSTRIA.
(5) CLEIM,
FRANCE
(6) DENSO-EXPORT
GMBH, GERMANY.
(7) DORR-OLIVER,
HOLLAND.
(8) F.H.SCHULE
MUHLENBAU GMBH, GERMANY.
(9) HENKEL GERMANY.
(10) HALIFAX TOOL
COMPANY, U.K.
(11) LANDIS AND GYR,
SWITZERLAND
(12) LURGI GMBH,
GERMANY
(13) L & C
STEINMULLER, GERMANY.
(14) MITCO AB,
SWEDEN.
(15) SORTEX LTD,
U.K.
(16) STADCO COOLING
U.K.
(17) STANDARD
KESSEL, GERMANY.
(18) SLIMGTON LTD,
U.K.
(19) TEXTILE
INSTRUMENTS, GERMANY.
(20) THE EXPRESS
LIFT, U.K.
(21) WARTSILA DIESEL
GROUP, FRANCE.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
350,000,000/- (Estimated) |
Customers
Mainly Cement Manufacturing Companies, Power Plants, Engineering Companies, Textile Companies etc
Bankers
Hongkong & Shanghai Banking Corporation Ltd, Shaheen Commercial Complex, M.R. Kiyani Road, Karachi, Pakistan. (Mortgage obtained PKR 65,000,000/-)
Citibank N.A., AWT Plaza, I.I. Chundrigar Road, Karachi, Pakistan. (Mortgage obtained PKR 80,000,000/-)
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.65 |
|
UK Pound |
1 |
Rs. 119.50 |
|
Euro |
1 |
Rs. 80.80 |
Comments
Subject Company enjoys good reputation in the Pakistan Business Circle. All the directors of the Company are reported as qualified, experienced and resourceful businessmen. Payments are usually correct and as per commitments. The Company can be considered good 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)