MIRA INFORM REPORT

 

 

Report Date :

31st January, 2007

 

IDENTIFICATION DETAILS

 

Name :

DOLPHINO TRADERS

 

 

Registered Office :

Room # 12, 1st Floor, Al-Burhan Centre, Near Rembo Centre, Saddar, Karachi, Pakistan.

 

 

Country :

Pakistan

 

 

Date of Incorporation :

2000

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Engaged in import & indenting of Multimedia Devices related to computers in bulk quantity on container to container basis.

 

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

 

DOLPHINO TRADERS

 

 

Full Address       

 

Registered Address

Room # 12, 1st Floor, Al-Burhan Centre, Near Rembo Centre, Saddar, Karachi, Pakistan

                       

Tel

92 (21) 2238329

Fax

92 (21) 2225622

Email

brandoo555@hotmail.com

 

 

Short Description Of Business

 

a.

Nature of Business        

Import & Indenting business

b.

Year Established

2000

c.

National Tax #

2037437

 

 

Branches

 

None

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 2000

 

             

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Syed Muhammad Atif Meraj

 

 

 

Mr. Mohammad Khurram

Pakistani

 

 

 

 

 

Pakistani

 

Room # 12, 1st Floor, Al-Burhan Centre, Near Rembo Centre, Saddar, Karachi

 

Room # 12, 1st Floor, Al-Burhan Centre, Near Rembo Centre, Saddar, Karachi

Business

 

 

 

 

 

Business

 

 

Proprietor

 

 

 

 

 

Manager (Import)

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

                                    None                                            

           

B.         Associated Companies

 

                        - Do -

 

 

Business Activities

 

Subject Company is engaged in import & indenting of Multimedia Devices related to computers in bulk quantity on container to container basis.

 

It purchases against L/C.

 

It sells against T.T. / L/C basis.

 

Its’ major customers are Traders from Foreign Countries.

 

Its main trading countries are European Countries.

 

Subject mainly import multimedia devices from China, Singapore and Taiwan.

 

Subject operates from caption leased office premises of area measuring 765 Sq.ft. which is situated in commercial area in Saddar.

 

Subject employs about 4 persons in its set up.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2005

10,000,000/- (Estimated)

 

 

Bankers

 

PICIC Commercial Bank Limited, Pakistan.

MCB Bank Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

        Rs. 60.87  

UK Pound

1

        Rs. 119.10  

Euro

1

        Rs. 78.50

 

 

Comments

 

Subject Company was established in 2000 and is engaged in import & indenting of Multimedia Devices related to computers in bulk quantity on container to container basis. 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