MIRA
INFORM REPORT
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Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KULSOOM INTERNATIONAL |
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Registered Office : |
Shop # 1, Zulekha Palace, Virjee Street,
Jodia Bazar, Karachi -74000, Pakistan. |
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Country : |
Pakistan |
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Date of Incorporation : |
1995 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Food Chemicals,
Spices and Pulses of all types. |
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
KULSOOM INTERNATIONAL
Full Address
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Registered
Address |
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Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi -74000, Pakistan |
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Tel |
92 (21) 2442037, 2431646 |
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Fax |
92 (21) 2437887 |
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Short Description Of Business
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a. |
Nature of Business |
Import & Trading of Food Chemicals, Spices, and Pulses of all types |
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b. |
Year Established |
1995 |
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c. |
National Tax # |
0896871 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship Business in 1995
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Muhammad Munaf Mr. Muhammad Asif |
Pakistani Pakistani |
Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi |
Trading Business Trading Business |
Proprietor Import Manager |
Associated Companies
(1) Prime International, Pakistan.
Business Activities
Subject Company is engaged in the business as import & trading of Food Chemicals, Spices and Pulses of all types.
It purchases against L/C basis.
It sells against Cash / Credit terms.
Its’ major customers are Retailers, Traders from Jodia Bazar.
Subject operates from caption leased shop premises of area measuring 725 sq.ft.
which is situated in commercial area.
Subject employs about 5 persons in its set up.
Importing Countries
Mainly from India & China
Annual Sales Volume
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Year |
In Pak Rupees |
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2005 |
17,000,000/- (Estimated) |
Trade Suppliers (Foreign)
(1) RACHNA SEED INDUSTRIES, INDIA.
(2) JAISREE IMPEX, SINGAPORE.
(3) PRAKASH OVERSEAS, INDIA.
Bankers and their addresses
Saudi Pak Commercial Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.
Soneri Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.
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 Company was established in 1995 and
is engaged in import & trading of Food Chemicals, Spices, and Pulses of all
types. Trade relations are reported as fair. The 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/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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