MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
UE (PRIVATE) LIMITED |
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Registered Office : |
19 K.M., Tayaba
Industrial Zone, Mandialy Stop, |
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Country : |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
00000016107/20060302 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture &
Marketing of shoe uppers for shoe manufacturing companies |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
UE (PRIVATE) LIMITED
Full Address
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Registered Address
& Factory |
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19 K.M., Tayaba
Industrial Zone, Mandialy Stop, |
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Tel |
92 (42) 7970750,
7970751, 7970752, 7970753, 5436589 |
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Fax |
92 (42) 7970754 |
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Short Description Of
Business
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Nature of Business |
Manufacture & Marketing of shoe uppers for shoe manufacturing companies |
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Year Established |
2006 |
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Registration # |
00000016107/20060302 |
Branches
None
Legal Status
Subject Company was established as a Private Limited Company in 2006
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Authorised Capital |
Rs. 7,500,000/-
divided into 750,000 shares of Rs. 10/- each |
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Issued & Paid up Capital |
Rs. 2,000 divided
into 200 shares of Rs. 10/- each |
Details of Directors
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Names |
Address |
Occupation |
Designation |
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Mr. Muhammad Ahmad Sheikh Mr. Muhammad Zubair |
12-A Upper Mall, 12-A Upper Mall, |
Business Business |
Chief Executive Director |
Shareholders
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Name |
No of Shares |
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Mr. Muhammad Ahmad Sheikh Mr. Muhammad Zubair |
100 100 |
Associates
Subsidiary
None
Associated Companies
Unique Tanning Industries (Pvt) Limited,
Business Activities
Subject Company is engaged in the business as manufacture & marketing of shoe uppers for shoe manufacturing companies.
It purchases raw material against L/C basis.
It sells against cash basis.
It’s mainly import from
Its’ major customers are Traders, Shoe Manufacturing Companies etc.
Subject operates from caption leased factory premises of area measuring 2,500 Sq Yards. which is situated in industrial area.
Subject employs about 75 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 - 2007 |
6,000,000/- (Estimated) |
Bankers
(1) PICIC Commercial Bank Limited,
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 is new as it was established in 2006. Company
is engaged in manufacture & marketing
of Shoe Upper. Trade relations are reported as fair as subject owner
were involved in business of leather tanning through its associated company
i.e. “Unique Tanning Industries (Pvt)
Limited”. 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%)