MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AZAT COMMODITIES |
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Registered Office : |
Flat No B-8, |
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Country : |
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Line of Business : |
Import & Trading of Commodities & Food Products |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
OBSERVATIONS
We have checked with the CBR and found that the Company “AZAT COMMODITIES” is registered with them and owned by a person named “Mr. Muhammad Akram”. The Company is involved in import & trading of commodities but does not maintain a proper office in any commercial centre. The Company is being operated by its owner from his residence. We have collected some more information about the Company which is given below:
Name of Company : AZAT COMMODITIES
National Tax # : 2737095
Registered
Address :
Flat No B-8,
Name of Proprietor : Mr. Muhammad Akram
Tel # : Not Available
Nature of Business : Import & Trading of Commodities & Food Products
Importing
Countries : Mainly from
Banker’s Name
& Address : Bank Alfalah Ltd, Jodia Bazar Branch,
The above mentioned information has been gathered through other sources. Further trade relations of the subject company are not known. Such as conducting business activity with the subject is considered to be a trade risk.
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%)