MIRA
INFORM REPORT
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Report Date : |
8th January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
FUTURE STAR
ASSOCIATES |
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Registered Office : |
Near Standard Marble
Industry, G.T. Road, Gujranwala, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
2005 |
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Legal Form : |
Partnership |
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Line of Business : |
Import & Trading Of Stone
Ceiling Pillar & Tiles, Stone Cutting Machines, Marble, Granite &
Stones |
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
FUTURE STAR ASSOCIATES
Registered Office
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Registered Address |
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Near Standard Marble
Industry, G.T. Road, Gujranwala, Pakistan |
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Tel |
92 (55) 4552944, 4270331 |
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Fax |
92 (55) 3003061 |
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Email |
Short Description Of Business
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a. |
Nature of Business |
Import & Trading Of Stone
Ceiling Pillar & Tiles, Stone Cutting Machines, Marble, Granite &
Stones |
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b. |
Year Established |
2005 |
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c. |
National Tax # |
2280245 |
Branches
None
Legal Status
Subject Company was established as a Partnership business
in 2005
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Anjum Mirza Mr. Mohammad Munir
Baig |
Pakistani Pakistani |
Near Standard Marble
Industry G.T. Road, Gujranwala Near Standard Marble
Industry, G.T. Road, Gujranwala |
Trading Business Trading Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Standard Marbles, Pakistan
Business Activities
Subject Company is engaged
in the business as import & trading
of Stone Ceiling Pillar & Tiles, Stone Cutting Machines, Marble,
Granite & Stones
It purchase against
L/C, T.T. basis.
It mainly imports from
India & China
Its’ major customers
are Traders, Construction Companies, Private Contractors
Subject operates from
caption leased work premises of area measuring 1,560 Sq. Yard. which is
situated in industrial area.
Subject employs about 5
persons in its set up.
Annual Sales Volume
Year In
Pak Rupees
2005 7,000,000/-
(Estimated)
Note:
The reason for low
sales because of a new company
Bankers and their addresses
(1)
Askari Commercial Bank Limited,
G.T. Road Branch, Gujranwala, Pakistan
Memberships
Gujranwala Chamber of
Commerce & Industry.(GCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupees |
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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 2005 and is engaged in import & trading of Stone Ceiling
Pillar & Tiles, Stone Cutting Machines, Marble, Granite & Stones. 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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