MIRA
INFORM REPORT
|
Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ACADEMIC BOOK COMPANY |
|
|
|
|
Registered Office : |
Shop # 3, Ground
Floor, Al-Mustafa Plaza, 6th Road, Satellite Town, Rawalpindi |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
1999 |
|
|
|
|
Com. Reg. No.: |
1158278 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Booksellers |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
Business Name
ACADEMIC BOOK COMPANY
Full Address
|
Registered Address |
|
Shop # 3, Ground
Floor, Al-Mustafa Plaza, 6th Road, Satellite Town, Rawalpindi,
Pakistan |
|
Tel |
92 (51) 4412831,
7107078, +923335165096 |
|
Fax |
92 (51) 4412831 |
|
|
Short Description Of
Business
|
Nature of Business |
Booksellers |
|
Year Established |
1999 |
|
National Tax # |
1158278 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 1999
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Mohammad Nasir |
Pakistani |
Shop # 3, Ground Floor, Al-Mustafa Plaza, 6th Road, Satellite Town, Rawalpindi |
Business |
Proprietor |
Associates
Subsidiary
None
Associated Companies
- Do -
Business Activities
Subject concern is engaged in import & distribution of Foreign as well as local books related to Finance, Accounts, Engineering, Information Technology, Economics & Education
It purchase against L/C, D/A basis.
It sells against Cash basis.
It’s mainly import from Singapore, U.K. & India
Its major customers are Private Educational Institutes, Universities, Libraries, Banks & DFI’s.
Subject operates from caption leased shop premises of area measuring 1,100 sq.ft. which is situated in commercial plaza.
Subject employs about 4 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
13,000,000/- (Estimated) |
Agencies (Foreign)
Subject concern represents more than 7 foreign publishers in Pakistan, based in UK, Singapore.
Bankers and their
addresses
MCB Bank Limited, Corporate Branch, Satellite Town, Murree Road, Rawalpindi, Pakistan.
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.70 |
|
UK Pound |
1 |
Rs. 121.35 |
|
Euro |
1 |
Rs. 82.55 |
Comments
Subject concern was established in 1999 and is engaged in import & distribution of international as well as local books. 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 |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<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 |
|
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%)