MIRA
INFORM REPORT
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Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
RAJWANI TRADING COMPANY |
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Registered Office : |
1-Amber Pride, 13-A, Block -6,
P.E.C.H.S. Shahra-e-Faisal, Karachi-75400 |
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Country : |
Pakistan |
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Date of Incorporation : |
1985 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import &
Trading of Industrial Sewing Machines, Pressing Machines, Toppers &
Presses |
RATING &
COMMENTS
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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 : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Business Name
RAJWANI TRADING COMPANY
Full Address
|
Registered Address |
|
1-Amber Pride, 13-A, Block -6,
P.E.C.H.S. Shahra-e-Faisal, Karachi-75400, Pakistan |
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Tel |
92 (21) 4520111, 4520112,
4537384 |
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Fax |
92 (21) 4547857 |
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Short Description Of
Business
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Nature of Business |
Import & Trading of Industrial Sewing Machines, Pressing Machines, Toppers & Presses |
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Year Established |
1985 |
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National Tax # |
0860459 |
Branches
In Lahore & Faisalabad
Legal Status
Subject Concern was established as a Proprietorship Business in 1985
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Abdul Habib Rajwani |
Pakistani |
House 356, C. P. Berar Housing Society, Karachi |
Trading Business |
Proprietor |
Associates
Subsidiary
None
Associated Companies
(1) Rajwani Apparels (Private) Limited, Pakistan.
Business Activities
Subject Concern is engaged in import & trading of Industrial Sewing Machines, Pressing Machines, Toppers & Presses.
Its purchases against L/C, D/A basis.
It sells against Cash.
It’s mainly import from Japan & Italy.
Its’ major customers are Apparel & Garment Manufacturers, Textile Companies etc.
Subject operates from caption leased office premises of area measuring 1,745 Sq.ft. which is situated in commercial area.
Subject employs about 15 - 20 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
80,000,000/- (Estimated) |
Agencies (Foreign)
(1) BROTHER INDUSTRIES, JAPAN.
(2) KM CLOTH CUTTING MACHINE CO, JAPAN.
(3)
HASHIMA CO. LTD., JAPAN.
(4) MALAWASI
TOPPER PRESS, JAPAN.
(5)
KAWAKAMI., JAPAN.
(6)
MARUWA CO. LTD, JAPAN.
(7)
ROTONDI VIA FRATELLI ROSSELLI, ITALY.
Bankers
MCB Bank Limited, Pakistan.
Bank Alfalah Limited, Pakistan.
Standard Chartered Bank, Pakistan.
Faysal Bank Limited, Pakistan.
Habib Metropolitan Bank Limited, 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 |
Comments
Subject Concern was established in 1985 and is engaged in import & trading of Industrial Sewing
Machines, Pressing Machines, Toppers & Presses. Trade
relations are reported as fair. The Concern can be considered for normal
business dealings at usual trade terms and conditions.
RATING
EXPLANATIONS
|
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%)