MIRA
INFORM REPORT
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Report Date : |
29th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
NOBLE
IMPEX |
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Registered Office : |
N.P.
11/19, Allah Baqui Street, Jodia Bazar, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1990 |
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Com. Reg. No.: |
0897080 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import, Export & Indenting business. |
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
NOBLE IMPEX
Full Address
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Registered
Address |
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N.P.
11/19, Allah Baqui Street, Jodia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 7529508,
7532483, 7532484 |
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Fax |
92 (21) 7529644 |
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Short Description Of Business
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a. |
Nature of Business |
Import, Export & Indenting business |
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b. |
Year Established |
1990 |
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c. |
National Tax # |
0897080 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 1990
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Mohammad Owais |
Pakistani |
N.P. 11/19, Allah Baqui Street, Jodia Bazar, Karachi |
Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated
Companies
- Do -
Business Activities
Subject Company is engaged in import, export & indenting business of food products including Spices, Dry Fruits, Herbs, Pulses, Rice, Fenugreek Seeds (Methi) & Groundnut Kernels.
It purchases against L/C.
It sells against Cash / Credit Terms.
Its’ major customers are Private Companies, Traders etc.
Subject operates from caption leased shop premises of area measuring 1,020 Sq.ft. which is situated in commercial area of Jodia Bazar.
Subject employs about 3 persons in its set up.
Importing Countries
Mainly from India, China, Malaysia, Singapore
Annual Sales Volume
Year In
Pak Rupees
2005 20,000,000/- (Estimated)
Bankers and their addresses
Bank Alfalah Limited, Mohammad Shah Street Branch, Jodia Bazar, Karachi, Pakistan
Foreign Exchange Rates
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Currency |
Unit |
Pakistani
Rupee |
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US Dollar |
1 |
Rs. 60.87 |
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UK Pound |
1 |
Rs. 119.10 |
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Euro |
1 |
Rs. 78.50 |
Memberships
· Karachi Chamber of Commerce & Industry.(KCCI)
Comments
Subject Company was established in 1990 and
is engaged in import, export & indenting business
of food products including Spices, Dry Fruits, Herbs, Pulses, Rice, Fenugreek
Seeds(Methi) & Groundnut Kernels. 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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