MIRA
INFORM REPORT
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Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
SAROSH INTERNATIONAL |
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Registered Office : |
2nd Floor, Kukda Centre, MR 4/17, Ali
Akber Street, Near Aachi Kabar, Jodia Bazar, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged in the business as indenter &
stockiest of Dyes & Pigments including Reactive Dyes, Bi-Functional Dyes,
Acid Dyes, Metal Complex Dyes, Basic Dyes, Direct Dyes, Dispense Dyes, Acid
Chrome Dyes, Naphthol Bases Dyes, VAT Dyes and Pigments Powder. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Business Name
SAROSH INTERNATIONAL
Full Address
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Registered
Address |
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2nd Floor, Kukda Centre, MR 4/17, Ali Akber Street, Near Aachi Kabar, Jodia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 2423390, 2423391 |
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Fax |
92 (21) 2438365 |
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Short Description Of Business
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a. |
Nature of Business |
Indenter & Stockiest of Dyes & Pigments |
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b. |
Year Established |
2000 |
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c. |
National Tax # |
0877293 |
Branches
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Address |
Shop # 6, Alam Manzil, 1/1B, Shahalam
Market, Lahore, Pakistan |
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Tel # |
92 (42) 7653580, 7356218 |
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Fax # |
92 (42) 7658683 |
Legal Status
Subject Company was established as a Proprietorship Business in 2000
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Liaquat Dawood Kukda |
Pakistani |
2nd Floor, Kukda Centre, MR 4/17, Ali Akber Street, Near Aachi Kabar, Jodia Bazar, Karachi |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Kukda Industries, Pakistan.
Business Activities
Subject Concern is engaged in the business as indenter & stockiest of Dyes & Pigments including Reactive Dyes, Bi-Functional Dyes, Acid Dyes, Metal Complex Dyes, Basic Dyes, Direct Dyes, Dispense Dyes, Acid Chrome Dyes, Naphthol Bases Dyes, VAT Dyes and Pigments Powder.
It purchases against L/C, D/A basis.
It sells against Credit terms.
It’s mainly import from China & India.
Its’ major customers are Traders, Paint Manufacturing Companies.
Subject operates from caption leased office premises of area measuring 890 sq.ft. which is situated in commercial area in Jodia Bazar.
Subject employs about 6 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2005 |
23,000,000/- (Estimated) |
Bankers and their addresses
KASB Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.
KASB Bank Limited, Shahrah-e-Faisal Branch, Karachi, Pakistan.
Memberships
·
Karachi Chamber of Commerce &
Industry.(KCCI)
·
Lahore Chamber of Commerce &
Industry.(LCCI)
Foreign Exchange Rates
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Currency |
Unit |
Pakistani
Rupee |
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US Dollar |
1 |
Rs. 60.77 |
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UK Pound |
1 |
Rs. 119.10 |
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Euro |
1 |
Rs. 78.50 |
Comments
Subject Concern was
established in 2000 and is engaged in the business as indenter & stockiest
of Dyes & Pigments. Trade relations are reported as fair. Payments to
creditors etc are reported as normal. Subject 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/normal. |
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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