MIRA
INFORM REPORT
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Report Date : |
8th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
FAHAD TRADERS |
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Registered Office : |
H-1206, Akbari Mandi, Lahore, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1996 |
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Legal Form : |
Proprietorship Business |
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Line of Business : |
Import & Trading of Food Chemicals, Dyes & Chemicals, Textile Chemicals |
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 : |
No
Complaints |
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Litigation : |
Clear |
Business Name
FAHAD TRADERS
Full Address
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Registered Address |
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H-1206, Akbari Mandi, Lahore, Pakistan |
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Tel |
92 (42) 7669715 |
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Fax |
92 (42) 7636713 |
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Short Description Of Business
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a. |
Nature of Business |
Import & Trading of Food Chemicals, Dyes & Chemicals, Textile Chemicals |
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b. |
Year Established |
1996 |
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c. |
National Tax # |
0893524 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship Business in 1996
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Fahad Butt Mr. Ali Butt |
Pakistani Pakistani |
27/9 Street No.1,
Super Town, Walton Road, Lahore 27/9 Street No.1, Super Town, Walton Road, Lahore |
Trading Business Trading Business |
Proprietor Manager (Import & Sales) |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Union Color, Pakistan
Business Activities
Subject Company is engaged in the business as import & trading of Food Chemicals, Dyes & Chemicals, Textile Chemicals etc
It purchase against L/C basis.
Its’ major customers are Traders, Retailers, Textile Companies
Subject operates from caption leased shop premises of area measuring 675 Sq.ft.
which is situated in commercial market of Lahore.
Subject employs about 4 persons in its set up.
Importing Countries
Mainly from India, China, Singapore & United Kingdom
Annual Sales Volume
Year In
Pak Rupees
2005 23,000,000/- (Estimated)
Bankers and their addresses
Bank Alfalah Limited, Walton Road Branch, Lahore, Pakistan
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.93 |
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UK Pound |
1 |
Rs. 116.90 |
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Euro |
1 |
Rs. 78.80 |
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
Comments
Subject Company was established in 1996 and
is engaged in import & trading of Food Chemicals, Dyes & Chemicals,
Textile Chemicals etc. 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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