MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
USAMA ENTERPRISES |
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Registered Office : |
First Floor, Alam Manzil, Adbali Road, Multan, |
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Country : |
Pakistan |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & Trading Of Dyes & Chemicals |
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 |
COMPANY NAME
USAMA ENTERPRISES
Address
Registered Address
First Floor, Alam Manzil, Adbali Road, Multan, Pakistan
Tel 92 (61) 6527394, 4233042
Fax 92 (61) 4234798
Email alihabib@mul.paknet.com.pk
Short Description Of
Business
Nature of Business Import & Trading Of Dyes & Chemicals
Year Established 2003
National Tax # 1312855
Branches
Shop # 5, New Gala Mandi,
Madina Market, Multan,
Pakistan
Legal Status
Subject Company was established as a Proprietorship business in 2003
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mrs. Humaira Ali Mr. Sheikh Ali Habib Mr. Sheikh Habib Ahmed |
Pakistani Pakistani Pakistani |
First Floor, Alam Manzil, Adbali Road, Multan First Floor, Alam Manzil, Adbali Road, Multan First Floor, Alam Manzil, Adbali Road, Multan |
Business Business Business |
Proprietor Business Manager Manager (Import) |
Business Activities
Subject Company is engaged in the business as import & trading of Dyes & Chemicals (Paint Chemicals, Textile Chemicals, Food Chemicals).
It purchases against L/C, D/A basis.
It sells against Cash / Credit terms to local customers.
It’s mainly import from China, India, Germany, U.K.
Its major customers are Traders, Paint Manufacturers, Textile Companies etc.
Subject operates from caption leased office premises of area measuring 850 Sq.ft. which is situated in commercial area.
Subject employs about 5 persons in its set up.
Annual Sales Volume
Year In Pak Rupees
2006 25,000,000/- (Estimated)
Trade Suppliers
(Foreign)
QINGDAO JIAOZI INTERNATIONAL TRADE, CHINA.
WEIFANG ENSIGN INDUSTRY CO. LIMITED, CHINA.
Bankers
Bank Al Habib Ltd, 126-C Old Bahawalpur, Multan, Pakistan.
Bank Alfalah Limited, New Gala Mandi Branch, Multan, Pakistan.
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 61.05 |
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UK Pound |
1 |
Rs. 121.50 |
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Euro |
1 |
Rs. 88.45 |
Comments
Subject Company was established in 2003 and is engaged in import & trading of Dyes & Chemicals. Market reputation is good. Trade relations are reported as fair. 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. |
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%)