MIRA INFORM REPORT

 

 

Report Date :

19th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

SUNRISE INTERNATIONAL TRADING CO.

 

 

Registered Office :

Lal Building, 1st Floor, Virjee Street, Jodia Bazar, Karachi, Pakistan

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1980

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Import, Export & Trading of Spices & Ready Mix Masala, Chilli Powder, Dry Fruits, Seeds Rice, Pulses

 

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

 

SUNRISE INTERNATIONAL TRADING CO.

 

 

Full Address       

 

Registered Address

Lal Building, 1st Floor, Virjee Street, Jodia Bazar, Karachi, Pakistan

                       

Tel

92 (21) 2442323, 2439073

Fax

92 (21) 2417262

Email

tarmohd@cyber.net.pk

 

           

Short Description Of Business

 

a.

Nature of Business        

Import, Export & Trading of Spices & Ready Mix Masala, Chilli Powder, Dry Fruits, Seeds Rice, Pulses

b.

Year Established

1980

 

 

Warehouse Location

           

Plot # G-10, Sector B-XI, P.O. Box 17039,

 

Karachi Export Processing Zone, Karachi,

 

Pakistan

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 1980

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Jawaid Tar Mohammad

 

Pakistani

 

 

Lal Building, 1st Floor, Virjee Street, Jodia Bazar, Karachi, Pakistan

Business

 

 

Proprietor

 

 

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

                        None                                             

           

B.         Associated Companies

 

(1) A.R. Traders, Pakistan         

 

 

Products

 

(1) Subject Company is engaged in import, export & trading of Spices & Ready Mix Masala, Chilli Powder, Dry Fruits, Seeds, Pulses. Also engaged in the export of rice by their brand name of “MUGHAL RICE”.

 

(2)   It purchases against L/C basis.

 

(3)   It sells against Cash / Credit Terms.

 

(4)   Its exporting countries are Gulf Countries.

 

(5)  Its mainly import from India, China, Nepal & Bangladesh.

 

(6) Its’ major customers are Traders, Retailers, Food Companies etc.

 

(7) Subject operates from caption leased office premises of area measuring 780    Sq.ft. which is situated in commercial area in Jodia Bazar.

 

(8)  Subject employs about 7 persons in its set up.

 

 

 

Annual Sales Volume

 

Year
In Pak Rupees

2005

50,000,000/- (Estimated)

 

 

Bankers and their addresses

 

Soneri Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.

Bank Alhabib Limited, Off Shore Banking Branch, Karachi Export Processing Zone, Karachi, Pakistan.

 

 

Memberships

 

Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.65

UK Pound

1

  Rs. 117.85

Euro

1

Rs. 79.35

 

 

Comments

 

Subject Company was established in 1980 and is engaged in import, export & trading of Spices & Ready Mix Masala, Chilli Powder, Dry Fruits, Seeds, Pulses. Also engaged in the export of rice by their brand name of “MUGHAL RICE”. 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