MIRA
INFORM REPORT
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Report Date : |
15.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
C.A. TEXTILE MILLS (PRIVATE) LIMITED |
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Registered Office : |
11 -
Aurangzeb Block, New Garden Town, Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
00000012166/20020802 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture & Sale of Yarn |
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
C.A. TEXTILE MILLS (PRIVATE) LIMITED
Full Address
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Registered Address |
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11 -
Aurangzeb Block, New Garden Town, Lahore, Pakistan |
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Tel |
92 (42) 5839634, 5839635, 5839636 |
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Fax |
92 (42) 5839637 |
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Email |
Short Description Of
Business
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Nature
of Business |
Manufacture
& Sale of Yarn |
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Year
Established |
2002 |
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Registration
# |
00000012166/20020802 |
Factory Location
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Address |
30 K.M., Sheikhupura Road, District Sheikhupura, Lahore,
Pakistan |
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Tel # |
92 (56) 3406601, 3406602, 3406603 |
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Fax # |
92 (56) 3406604 |
Auditors
Sajid
Iqbal & Co.
(Chartered Accountants)
Legal Status
Subject
Company was established as a Private Limited Company in 2002
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Authorised
Capital |
Rs. 300,000,000/- divided into 3,000,000 shares of
Rs. 100/- each |
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Issued & Paid
up Capital |
Rs. 10,000/- divided into 100 shares of Rs. 100/-
each |
Details of Directors
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Names |
Nationality |
Address |
Occupation |
Designation |
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Chaudhry
Salamat Ali Cheema Chaudhry
Atique Ur Rehman Cheema Mr.
Rashid Munir |
Pakistani Pakistani Pakistani |
62-Aurangzeb Block, New Garden
Town, Lahore 62-Aurangzeb Block, New Garden
Town, Lahore 11 - Aurangzeb Block, New Garden Town,
Lahore |
Business Business Service |
Chief Executive Director Company’s Secretary |
Shareholders
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Names |
No. of Shares |
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Chaudhry
Salamat Ali Cheema Chaudhry
Atique Ur Rehman Cheema |
50 50 |
Associates
Subsidiary
None
Associated Companies
(1) Muridke Refine Oil Mills (Pvt) Limited, Pakistan
Business Activities
Subject Company is engaged in the business as manufacture & sale of Yarn by their brand name of “SHAHZORE”.
It sells against Cash / Credit terms.
Its mainly import Textile Raw Materials, Textile Machineries through L/C, T.T.
Its main customers are Traders, Garment Factories, Textile Companies in Lahore & Karachi.
Subject operates from caption leased office comprise of bungalow measuring 665 Sq.Yard. which is situated in residential + commercial area.
Subject employs more than 300 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) |
Production Capactiy
20,496 Spindles
Agencies (Foreign)
Various International
Bankers
(1) Bank Alfalah
Limited, Pakistan.
(2)
Citibank, Pakistan.
(3)
National Bank of Pakistan.
(4) PICIC Commercial Bank Limited, Pakistan.
(Mortgage obtained PKR 528,086,768/-)
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
All Pakistan Textile Mills Association.(APTMA)
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US
Dollar |
1 |
Rs. 60.90 |
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UK
Pound |
1 |
Rs. 117.90 |
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Euro |
1 |
Rs. 78.40 |
Comments
Subject Company was established in 2002 and is engaged in manufacture & sale of Yarn. 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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