MIRA INFORM REPORT

 

 

Report Date :

03.07.2007

 

IDENTIFICATION DETAILS

 

Name :

ANJUM ASIM SHAHID REHMAN

 

 

Registered Office :

1-Inter Floor, Eden Centre, 43-Jail Road, Lahore

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1984

 

 

Legal Form :

Partnership

 

 

Line of Business :

Chartered Accountancy Firm

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Business Name

 

ANJUM ASIM SHAHID REHMAN

 

 

Full Address       

 

Registered Address

1-Inter Floor, Eden Centre, 43-Jail Road, Lahore, Pakistan

                       

Tel

92 (42) 7590216, 7590214

Fax

92 (42) 7599023

Email

admin@khiaasr.com,

office@isb.aasr.com.pk  

 

 

Short Description Of Business

 

Nature of Business        

Chartered Accountancy Firm

Year Established

1984

National Tax #

1473393

 

 

Branches

 

Address

1st Floor, 2 Ali Plaza, 1-E Jinnah Avenue, Blue Area, Islamabad, Pakistan

Tel #

92 (51) 2273883, 2271906

Fax #

92 (51) 2273874

 

Address

1st & 3rd Floor, Modern Motors House, Beaumont Road, Karachi, Pakistan

Tel #

92 (21) 5672951, 5672956

Fax #

92 (21) 5688834

 

 

Legal Status

           

Subject Company was established as a Partnership Firm in 1984

 

 

Details of Managing Partner / Partners

 

Names

Designation

Mr. Anjum Ata Sheikh

 

Mr. Shahid Ahmed Khan

 

Mr. Nadeem Tirmizi

 

Mr. Asim Iftikhar

 

Mr. Imran Afzal

 

Mr. Khaliq-ur-Rehman

 

Mr. Kamran Hafeez

 

Mr. Muhammad Shaukat Nasib Khan

 

Mr. Ahsan Usman

Managing Partner

 

Partner

 

Partner

 

Partner

 

Partner

 

Partner

 

Partner

 

Partner

 

Partner

 

 

Area of Practice

 

Currently ANJUM ASIM SHAHID REHMAN provides core services in five basic areas i.e. Audit & Business Assurance, Management Consultancy, Direct and Indirect Taxation, Accountancy and MIS, Corporate & Financial Advisory

 

 

Number of Employees

 

Between 65 and 75

 

 

Annual Fee Income

 

Year

In Pak Rupees

2006

20,000,000/-(Estimated)

 

 

Affiliated with

 

(1) Member Firm of Grant Thornton, U.S.A.

 

 

Clientele

 

Mainly Multinational Companies, Large Public Sector Corporations and various major business enterprises etc

 

 

Bankers

 

Standard Chartered Bank, Pakistan.

Faysal Bank Limited, Pakistan.

Bank Alfalah Limited, Pakistan.

ABN AMRO Bank, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 61.17

UK Pound

1

  Rs. 121.25

Euro

1

Rs. 81.80

 

 

Comments

 

Anjum Asim Shahid Rehman was established in 1984 and is basically a reputable Chartered Accountancy Firm. All the partners are reported as qualified, resourceful & experienced professional in their respective fields. Market reputation is good. Subject can be considered for moderate business engagements.

 

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions