MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
UNITED
TRADING COMPANY |
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Registered Office : |
11/26, Khilian Street, Jodia Bazar,
Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
1480684 |
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Legal Form : |
Partnership Business |
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Line of Business : |
Import & Trading of Commodities including Pulses, Spices, Beans, Groundnut Kernels |
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
UNITED TRADING COMPANY
Full Address
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Registered
Address |
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11/26, Khilian Street, Jodia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 2526197 |
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Fax |
92 (21) 2548745 |
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Short Description Of Business
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a. |
Nature of Business |
Import & Trading of Commodities including Pulses, Spices, Beans, Groundnut Kernels |
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b. |
Year Established |
1994 |
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c. |
Registration # |
1480684 |
Branches
None
Legal Status
Subject Company was established as a Partnership business in 1994
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Abdul Shakoor Mr. Abdul Waheed |
Pakistani Pakistani |
11/26, Khilian Street, Jodia Bazar, Karachi 11/26, Khilian Street, Jodia Bazar, Karachi |
Trading Business Trading Business |
Managing Partner Partner |
Associated Companies
(1) Bakali
Company, Pakistan.
Business Activities
Subject Company is engaged in the business as import & trading of Commodities including Pulses, Spices, Beans, Groundnut Kernels etc
It sells against Cash / Credit terms.
It’s mainly import from India, China, Singapore.
Its’ major customers are traders, Individuals.
Subject operates from caption leased shop premises of area measuring 1,860 Sq.ft. which is situated in commercial area.
Subject employs about 4 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2005 |
40,000,000/- (Estimated) |
Bankers and their addresses
- Bank Alfalah Limited, Jodia Bazar Branch, Karachi, Pakistan.
- Soneri Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.
Memberships
- Karachi Wholesale Grocers Association.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
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US Dollar |
1 |
Rs. 60.53 |
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UK Pound |
1 |
Rs. 119.15 |
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Euro |
1 |
Rs. 79.15 |
Comments
Subject Company was established in 1994 and
is engaged in import & trading of Commodities including Pulses, Spices,
Beans, Groundnut Kernels etc. 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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