MIRA
INFORM REPORT
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Report Date : |
10.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SIRIUS LOGISTICS |
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Registered Office : |
Suite T-11, 1st Floor, Hakimsons Building, 19 West Wharf
Road, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
2003 |
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Legal Form : |
Partnership |
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Line of Business : |
Freight Forwarding Company |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
SIRIUS LOGISTICS
Registered Office
Registered Address
Suite T-11, 1st Floor, Hakimsons Building, 19 West Wharf
Road, Karachi, Pakistan
Tel 92 (21) 2315258, 2203486
Fax 92 (21) 2311760, 2315259
Email www.siriuslogistics.com
Short Description Of Business
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Nature of Business |
Freight Forwarding Company |
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Year Established |
2003 |
Branches
In Lahore & Peshawar
Legal Status
Subject Concern was established as a Partnership business in 2003
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Capt. Ansar Ali Khan Mr. Capt.Khalid Saeed-Ur-Rehman Capt M. Nawaz Aslam Mr. Shoaib Siddiqui Dr. Nasrullah Malik |
Pakistani Pakistani Pakistani Pakistani Pakistani |
Suite T-11,1st Floor, Hakimsons Building, 19 West Wharf Road, Karachi Suite T-11,1st Floor, Hakimsons Building, 19 West Wharf Road, Karachi Suite T-11,1st Floor, Hakimsons Building, 19 West Wharf Road, Karachi Suite T-11,1st Floor, Hakimsons Building, 19 West Wharf Road, Karachi Suite T-11,1st
Floor, Hakimsons Building, 19 West Wharf Road, Karachi |
Business Business Business Business Business |
Managing Partner Partner Partner Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Logistic Consultants, Pakistan
Services Provided
Ocean Freight Forwarding, Air / Sea Freight forwarding, Warehousing & Distribution Facilities, Customs Clearance, Shipping Agency / Liner / Tremp / Charter Business, Stevedoring Contractors and Terminal operators, Project Cargo handling, Containers Freight Station, NVOCC Consolidation services, Transit Containers / Project handling special for Afghanistan, Off Dock Containers Terminal, Owners Protecting / Husbandry services, Inland Transportation of General/Containerized Cargos, Heavy Lift Haulage, Packing, Storage and Distribution, Train and Land Haulage, Custom Documentation
Annual Revenue / Income
|
Year |
In Pak Rupees |
|
2006 - 2007 |
35,000,000/- (Estimated) |
Bankers
Askari Commercial Bank Limited, Pakistan.
Soneri Bank Limited, Pakistan.
Faysal Bank Limited, Pakistan.
MCB Bank Limited, Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupees |
|
US Dollar |
1 |
Rs. 61.45 |
|
UK Pound |
1 |
Rs. 124.40 |
|
Euro |
1 |
Rs. 89.70 |
Comments
Subject Concern was established in 2003 and is engaged in freight forwarding business. Overall reputation is normal. Trade relations are reported as fair. The Concern can be considered for moderate business engagements 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. |
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%)