MIRA
INFORM REPORT
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Report Date : |
8th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
FICTION HOUSE |
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Registered Office : |
18 - Mozang Road, Lahore, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1993 |
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Legal Form : |
Partnership Business |
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Line of Business : |
Engaged in the business as trading of
local books, Magazines, CDs related to Education, Information Technology,
Banking & Finance, Encyclopedia etc |
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
FICTION HOUSE
Full Address
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Registered
Address |
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18 - Mozang Road, Lahore, Pakistan |
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Tel |
92 (42)
7237430, 7249218 |
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Fax |
92 (42)
7249218 |
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Short Description Of Business
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a. |
Nature of Business |
Book Sellers |
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b. |
Year Established |
1993 |
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c. |
National Tax # |
2774952 |
Branches
None
Legal Status
Subject Company was established as a Partnership Business in 1993
Details of Managing
Partner/Partner
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Zahoor Ahmed Khan Mr. Riaz Zahoor |
Pakistani Pakistani |
18 - Mozang Road, Lahore 18 - Mozang Road, Lahore |
Business Business |
Managing Partner Partner |
Business Activities
Subject Company is engaged in the business as trading of local books, Magazines, CDs related to Education, Information Technology, Banking & Finance, Encyclopedia etc
It sales against cash basis.
Its’ major customers are Individuals, Libraries, Private Educational Institutes
Subject operates from caption leased shop premises of area measuring 1,340 Sq.ft. which is situated in commercial area in Lahore.
Subject employs about 3 persons in its set up.
Annual Sales Volume
Year In
Pak Rupees
2005 16,000,000/-(Estimated)
Bankers and their addresses
(1) MCB
Bank Limited, Mozang 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 |
Comments
Subject Company was established in
1993 and is engaged in trading of local books, Magazines, CDs etc. Their market
reputation is good. 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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