MIRA
INFORM REPORT
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Report Date : |
25.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
CAPITAL INDUSTRIAL ENTERPRISES (PRIVATE) LIMITED |
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Registered Office : |
180 G-1, Johar
Town, Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
MPR-151 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing of Foam Products & Mattresses |
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 : |
Usually correct |
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Litigation : |
Clear |
Business Name
CAPITAL INDUSTRIAL ENTERPRISES (PRIVATE) LIMITED
Full Address
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Registered Address |
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180 G-1, Johar
Town, Lahore,
Pakistan |
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Tel |
92 (42) 5314393, 5314391 |
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Fax |
92 (42) 5300010 |
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Note:
The Company’s registered address has been changed from “Malik Bagh, Baradari Road, Shahdara, Lahore” to “180 G-1, Johar Town, Lahore, Pakistan”
Short Description Of
Business
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Nature of Business |
Manufacturing of Foam Products & Mattresses |
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Year Established |
2002 |
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Registration # |
MPR-151 (MPR stands
for Mirpur, Azad Kashmir) |
Branches
|
Address |
807, 8th Floor, Al-Rahim Towers, I.I. Chundrigar Road, Karachi, Pakistan |
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Tel # |
92 (21) 2422675, 2400741 |
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Fax # |
92 (21) 2422669 |
Factory Location
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Address |
Plot # 2A, New Industrial Area, Mirpur, Azad Kashmir,
Pakistan |
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Tel # |
92 (58610) 34591,
34592 |
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Fax # |
92 (58610) 34853 |
Auditors
Javed Chaudhry & Co.
(Chartered Accountants)
Ahsan Chambers, 8 - Syed Mauj Darya (Edward) Road, Lahore, Pakistan
Legal Status
Subject Company was incorporated as a Private Limited Company in 2002
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Authorised Capital |
Rs. 100,000,000/- |
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Issued & Paid up Capital |
Rs. 100,000,000/- |
Details of Directors
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Names |
Address |
Occupation |
Designation |
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Mr. Shariq Iftikhar Mr. Mubashir Iftikhar Mrs. Asma Shariq Mr. Saeed Ahmed Mr. Aftab Ahmed |
94-D, Model Town Lahore 94-D, Model Town Lahore 94-D, Model Town Lahore 807, 8th Floor, Al-Rahim Towers, I.I. Chundrigar Road, Karachi 180 G-1, Johar Town, Lahore |
Business Business Business Service Service |
Chief Executive Director Director Manager (Import) Manager (Accounts) |
Shareholders
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Names |
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Mr. Shariq Iftikhar Mr. Mubashir Iftikhar Mrs. Asma Shariq |
Associated Companies
Diamond Goods Transport (Pvt) Ltd, Pakistan.
Diamond Industries Limited, Pakistan.
Diamond Pesticides (Pvt) Ltd, Pakistan.
Diplas Management (Pvt) Ltd, Pakistan.
Muzamil Engineering Industries (Pvt.) Limited, Pakistan.
Shaffi Chemical Industries Limited, Pakistan.
Crescent Industrial Gadoon Enterprises (Private) Limited, Pakistan.
Business Activities
Manufacture & Marketing of Foam Products & Mattresses with their brand name of “DOLCE VITA”, “DIAMOND FOAM” & “DIAMOND SUPREME FOAM”. Also engaged in import of Foam Raw Materials, Insulation Materials & Thermal Insulation Materials
Number of Employees
200
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
60,000,000/- (Estimated) |
Distributors
Mainly in all important cities of Pakistan
Bankers
(1) Soneri Bank Limited, Pakistan.
(2) Habib Metropolitan Bank Limited, Pakistan.
(3) NIB Bank Limited, Pakistan.
(4) Faysal Bank Limited, Pakistan.
(5) Prime Commercial Bank Limited, Pakistan.
(6) ABN AMRO Bank, Pakistan.
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.77 |
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UK Pound |
1 |
Rs. 121.30 |
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Euro |
1 |
Rs. 82.50 |
Comments
Subject Company was incorporated in 2002 and is engaged in manufacture & marketing of Foam Products & Mattresses. 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
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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%)