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MIRA
INFORM REPORT
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Report Date : |
12th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CRESCENT INDUSTRIAL (GADOON) ENTERPRISES
(PVT) LIMITED |
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Formerly Known as: |
CAPITAL INDUSTRIAL ENTERPRISES (PVT) LIMITED |
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Registered Office : |
Malik Bagh, Baradari Road, Shahdara,
Lahore, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1989 |
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Com. Reg. No.: |
00352/19891206 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture of Insulation & Sealing
Materials, Thermal Insulation Materials Including Roof Insulation, Wall Insulation,
Shed Insulation, Cold Storage Insulation, Water Tank Insulation, Pipe
Insulation. |
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 : |
Regular |
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Litigation : |
Clear |
Business Name
CRESCENT INDUSTRIAL (GADOON) ENTERPRISES (PVT) LIMITED
Full Address
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Registered
Address |
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Malik Bagh, Baradari Road, Shahdara, Lahore, Pakistan |
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Tel |
92 (42) 7932001, 7932008 |
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Fax |
92 (42) 7932001 |
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Short Description Of Business
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a. |
Nature of Business |
Manufacture of Insulation & Sealing Materials, Thermal Insulation Materials |
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b. |
Year Established |
1989 |
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c. |
Registration # |
00352/19891206 |
Branches
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Address |
807, 8th Floor, Al-Rahim Towers, I.I. Chundrigar Road, Karachi, Pakistan |
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Tel # |
92 (21) 2422675, 2400741 |
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Fax # |
92 (21) 2422669 |
Factory
Plot # 25, Industrial Estate,
Gadoon Amazai, N.W.F.P,
Pakistan
Auditors
Javed Chaudhry & Co.
(Chartered Accountants)
Ahsan Chambers, 8 - Syed Mauj Darya (Edward) Road, Lahore, Pakistan
Legal Status
Subject Company was incorporated with the name of Capital Industrial Enterprises (Pvt) Limited then afterward its name was changed to Crescent Industrial (Gadoon) Enterprises (Pvt) Limited
Authorised Capital
Rs. 200,000,000/- divided into
2,000,000 shares of Rs. 100/- each.
Issued & Paid up Capital
Rs. 10,000,000/- divided into
100,000 shares of Rs. 100/- each
Details of Directors
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Names |
Address |
Occupation |
Designation |
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Mr. Shariq Iftikhar Mr. Waqar A. Shaffi Mr. Muhammad Saeed Mr. Seema iftikhar Mr. Farah Waqar Mr. Iftikhar Shaffi |
94-D, Model Town Lahore 94-D, Model Town Lahore 94-D, Model Town Lahore 94-D, Model Town Lahore 94-D, Model Town Lahore 94-D, Model Town Lahore |
Business Business Business Business Business Business |
Chief Executive Director Director Director Director Director |
Shareholders
Names
Mr. Shariq Iftikhar
Mr. Waqar A. Shaffi
Mr. Muhammad Saeed
Mr. Seema iftikhar
Mr. Farah Waqar
Mr. Iftikhar Shaffi
Associated Companies
Diamond Goods Transport (Pvt) Ltd, Pakistan.
Diamond Industries Limited, Pakistan.
Diamond Pesticides (Pvt) Ltd, Pakistan.
Diplas Management (Pvt) Ltd, Pakistan.
Muzamil Engineering Industries (Pvt.) Limited, Pakistan.
Shaffi Chemical Industries Limited, Pakistan.
Business Activities
Manufacture of Insulation & Sealing Materials, Thermal Insulation Materials Including Roof Insulation, Wall Insulation, Shed Insulation, Cold Storage Insulation, Water Tank Insulation, Pipe Insulation by their brand name of “DIAMOND JUMBOLON”
Number of Employees
Between 130 & 150
Annual Sales Volume
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Year |
In Pak Rupees |
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2005 |
130,000,000/- (Estimated) |
Customers
Mainly Construction Companies, Traders, Manufacturing Companies etc
Bankers
(1) Soneri Bank Limited, Pakistan.
(2) Habib Metropolitan Bank Limited, Pakistan.
(3) NIB Bank Limited, Pakistan.
(4) Faysal Bank Limited, Pakistan.
(5) Prime Commercial Bank Limited, Pakistan.
(6) ABN AMRO Bank, Pakistan.
Memberships
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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. 60.72 |
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UK Pound |
1 |
Rs. 118.15 |
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Euro |
1 |
Rs. 78.75 |
Comments
Subject Company was established in 1989 and is engaged in manufacture of Insulation & Sealing Materials, Thermal Insulation Materials. Trade relations are reported as fair. Payments to creditors etc are reported as normal. 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/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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