MIRA INFORM REPORT

 

 

Report Date :

01.02.2007

 

IDENTIFICATION DETAILS

 

Name :

BROTHERS ENTERPRISES (PVT) LIMITED

 

 

Registered Office :

106, Anum Estate, Shahrah -e- Faisal, Karachi

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1989

 

 

Com. Reg. No.:

1751/19891207    

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import & sale of Consumer Food Products.

Import & sale of all type of chemicals.

Exporter of Basmati rice mainly to Gulf Countries.

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Business Name

 

BROTHERS ENTERPRISES (PVT) LIMITED

 

 

Full Address       

 

Registered Address

106, Anum Estate, Shahrah -e- Faisal, Karachi, Pakistan.

Tel                    92 (21) 4380784, 4380785

Fax                    92 (21) 4382189

Email                 bel@cyber.net.pk

 

 

Short Description Of Business

 

Nature of Business        

Import & Trading business

Year Established

1989

Registration #

1751/19891207    

 

 

Branches

 

Address

209 - Uni Tower, I.I. Chundrigar Road, Karachi, Pakistan

Tel #

92 (21) 2413713, 2416127

Fax #

92 (21) 2413544

Telex

24741 TARIQ PK

           

 

Auditors

 

Rahman Sarfaraz & Co.

(Chartered Accountants)

115, Sidco Avenue Centre, Din Muhammad Wafai Road, Karachi, Pakistan

 

 

Legal Status       

           

Subject Company was established as a Private Limited Company in 1989

 

 

Authorised Capital           

Rs. 20,000,000/-

Issued & Paid up Capital

Rs. 12,000,000/-

 

 

 

Details of Directors

 

Names

Nationality

Occupation

Designation

Mr. Muhammad Ahmad

 

Mrs. Naima Ahmad

Pakistani

 

Pakistani

Business

 

Housewife

Chief Executive

 

Director

 

 

Shareholders

 

Name

No of Shares

Mr. Muhammad Ahmed

 

Mr. Naima Ahmed

 

Mr. Hafiz M. Tariq

 

Mr. Faisal Ahmed

 

Mr. Khalid Rafi

66,936

 

21,528

 

10,512

 

10,512

 

10,512

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None                                             

 

B.         Associated Companies

 

(1) Tariq & Co, Pakistan.

 

 

Business Activities

 

(1) Import & sale of Consumer Food Products.

(2) Import & sale of all type of chemicals.

(3) Exporter of Basmati rice mainly to Gulf Countries.

 

 

Number of Employees

 

15 - 20

 

 

 

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

35,000,000/- (Estimated)

 

 

Customers

 

Mainly Retailers, Manufacturing Companies, Private Organizations etc.

 

 

Bankers

 

(1)  Habib Bank Limited, Pakistan.

(2)  MCB Bank Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.87

UK Pound

1

  Rs. 118.90

Euro

1

Rs. 78.90

 

 

Comments

 

Subject Company was established in 1989 and is engaged in import and sale of Consumer Food Products and all type of chemicals. Trade relations are reported as fair. The Company 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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions