MIRA
INFORM REPORT
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Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
ELAHI ELECTRONICS |
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Registered Office : |
7
& 8, P.N. Fleet Club, Iqbal Shaheed Road, Karachi-74400 |
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Country : |
Pakistan |
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Date of Incorporation : |
1990 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Air-conditioning Equipments,
Diesel Generators, Airport Support Equipments, & Bulk Grain |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
ELAHI ELECTRONICS
Full Address
|
Registered Address |
|
7
& 8, P.N. Fleet Club, Iqbal Shaheed Road, Karachi-74400, Pakistan |
|
Tel |
92 (21) 7781627, 7781964, 7781967, 7783739 |
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Fax |
92 (21) 7781631, 7781632 |
Short Description Of
Business
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Nature of Business |
Import & Trading of Air-conditioning Equipments, Diesel Generators, Airport Support Equipments, & Bulk Grain |
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Year Established |
1990 |
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National Tax # |
0686614 |
Branches
In Lahore & Islamabad
Legal Status
Subject Concern was established as a Proprietorship business in 1990
Details of Proprietor
& Key Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Kamran Elahi Mr. Nadeem Alam Mr. S. Taimur Asghar |
Pakistani Pakistani Pakistani |
7 & 8, P.N. Fleet Club,
Iqbal Shaheed Road, Karachi 7 & 8, P.N. Fleet Club,
Iqbal Shaheed Road, Karachi 7 & 8, P.N. Fleet Club, Iqbal Shaheed Road, Karachi |
Business Service Service |
Proprietor Commercial Manager Import Manager |
Associates
Subsidiary
None
Associated Companies
Raza Enteprises, Pakistan.
Zafar Agencies, Pakistan.
Moro Trading Company, Pakistan.
Agri Trade International, Pakistan.
Business Activities
Subject Concern is engaged in import & trading of Air-conditioning Equipments, Diesel Generators, Airport Support Equipments, & Bulk Grain.
It purchases against L/C, T.T. basis.
It sells against Cash / Credit Terms.
Its’ major customers are Traders, Retailers, Manufacturing Companies etc
Subject operates from caption leased office premises of area measuring 900 Sq. Yard. which is situated in residential + commercial area.
Subject employs about 45 persons in its set up.
Importing Countries
Mainly from Brazil, Japan, U.S.A., U.K., Italy & Thailand
Agencies (Foreign)
(1) BROADCROWN, U.S.A.
(2) SURRETTE BATTERY
CO. U.S.A.
(3) SANYO
CORPORATION, JAPAN.
(4) EMBRACO
COMPRESSORS, BRAZIL.
(5) SIAM COMPRESSOR
INDUSTRY, THAILAND.
(6) SPECIFIC SYSTEMS
LIMITED, U.S.A.
(7) SML INDUSTRIES
INC, U.S.A.
(8) MARINE AIR
SYSTEMS, U.S.A.
(9) GENERAL FILTER,
ITALY.
(10) JUBAILI
BROTHERS, U.A.E.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
200,000,000/- (Estimated) |
Bankers and their
addresses
Askari Commercial Bank Limited, Main Branch, I.I. Chundrigar Road, Karachi, Pakistan.
Allied Bank Limited, Fleet Club Branch, Iqbal Shaheed Road, Karachi, Pakistan.
Allied Bank Limited, Saddar Branch, Karachi, Pakistan.
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.65 |
|
UK Pound |
1 |
Rs. 119.50 |
|
Euro |
1 |
Rs. 80.80 |
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Comments
Subject Concern was
established in 1990 and is engaged in import & trading of
Air-conditioning Equipments, Diesel Generators, Airport Support Equipments,
& Bulk Grain. Market reputation is good. Trade relations are reported as
fair. The 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 |
|
|
>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 |
|
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%)