MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
RASHID SEED FARMS |
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Registered Office : |
Purani Sabzi Mandi, |
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Country : |
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Date of Incorporation : |
1950 |
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Legal Form : |
Partnership |
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Line of Business : |
Import & Trading of Vegetable Seeds |
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
RASHID SEED FARMS
Full Address
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Registered Address |
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Purani Sabzi Mandi, |
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Tel |
92 (55) 4556691, 4556692 |
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Fax |
92 (55) 4556693 |
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Short Description Of
Business
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Nature of Business |
Import & Trading of Vegetable Seeds |
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Year Established |
1950 |
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National Tax # |
0678569 |
Branches
3 Branches are
located in
Legal Status
Subject Company was established as a Partnership business in 1950
Details of Managing
Partner / Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Muhammad Omer Rashid Mr. Haji Mohammad Zakaria |
Pakistani Pakistani |
Purani Sabzi Mandi,
Purani Sabzi Mandi,
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Trading Business Trading Business |
Managing Partner Partner |
Associates
Subsidiary
None
Associated Companies
Rashid Seed Corporation,
Business Activities
Subject Company is engaged in the business as import & trading of Vegetable Seeds.
It purchases against L/C, T.T. basis.
It sells against Cash / Credit terms.
It’s mainly import from
Its major customers are Traders, Retailers, Farmers, Food Companies etc.
Subject operates from caption leased shop premises of area measuring 1,760 sq.ft. which is situated in commercial area.
Subject employs about 32 persons in its set up.
Trade Suppliers
(Foreign)
Various International
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
130,000,000/- (Estimated) |
Bankers
Meezan Bank Limited,
National Bank of
Memberships
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. 124.50 |
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Euro |
1 |
Rs. 83.70 |
Comments
Subject Company was established in 1950 and is engaged in
import & trading of Vegetable Seeds. 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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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%)