MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
COMMANDER AGRO (PRIVATE) LIMITED |
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Registered Office : |
75-Askaria Colony,
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Country : |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
M-01014/19950805 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import & Trading of Pesticide Raw Materials / Chemicals. Also
engaged in formulation of Pesticide Products for Agriculture |
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
COMMANDER AGRO (PRIVATE) LIMITED
Full Address
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Registered Address |
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75-Askaria Colony,
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Tel |
92 (61) 6536690,
6536691 |
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Fax |
92 (61) 6536692 |
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Short Description Of
Business
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Nature of Business |
Import & Trading of Pesticide Raw Materials / Chemicals. Also
engaged in formulation of Pesticide Products for Agriculture |
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Year Established |
1995 |
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Registration # |
M-01014/19950805 |
Factory Location
41-C, Industrial Estate,
Auditors
M/s Mahboob Sheikh & Co.
(Chartered Accoutants)
Near
Legal Status
Subject Company was established as a Private Limited Company in 1995
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Authorised Capital |
Rs. 10,000,000/- divided
into 100,000 shares of Rs. 100/- each |
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Issued & Paid up Capital |
Rs. 1,000,000/-
divided into 10,000 shares of Rs. 100/- each |
Details of Directors
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Names |
Nationality |
Address |
Occupation |
Designation |
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Lt. Col. (R) Muhammad Rafique Mrs. Samina Rafique Mr. Chaudhry Usman Rafique |
Pakistani Pakistani Pakistani Pakistani Pakistani Pakistani Pakistani |
41-C, Industrial Estate, Multan 41-C, Industrial Estate, Multan 41-C, Industrial Estate, Multan 41-C, Industrial Estate, Multan 41-C, Industrial Estate, Multan 41-C, Industrial Estate, Multan 41-C, Industrial Estate, Multan |
Business Business Business Business Business Business Business |
Chief Executive Director Director Director Director Director Director |
Shareholders
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Names |
No. of Shares |
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Lt. Col. (R) Muhammad Rafique Mrs. Samina Rafique Mr. Chaudhry Usman Rafique |
5,040 2,520 1,205 1,205 5 20 5 |
Associates
Subsidiary
None
Associated Companies
- Do -
Business Activities
(1) Subject Company is engaged in import & trading of Pesticide Raw Materials / Chemicals. Also engaged in formulation of Pesticide Products for Agriculture.
(2) It purchases raw material against L/C, D/A basis.
(3) Its mainly import from
(4) It sells against Cash / Credit Terms to local Traders of Punjab & Sindh.
(5) Its major customers are Traders, Farmers, Government Organizations, Pesticide Companies etc.
(6) Subject operates from caption leased bungalow premises of area measuring 500 Sq.Yard. which is situated in residential + commercial area.
(7) Subject employs about 70 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
60,000,000/- (Estimated) |
Agencies (Foreign)
Subject Company represents some international companies belongs
to
Bankers and their
address
Saudi Pak Commercial Bank Limited,
(Mortgage obtained PKR 50,000,000/-)
Askari Commercial Bank Limited,
Memberships
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 61.15 |
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1 |
Rs. 121.80 |
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Euro |
1 |
Rs. 82.00 |
Comments
Subject Company was established in 1995 and is engaged in import & trading of Pesticide Raw Materials / Chemicals. Also engaged in formulation of Pesticide Products for Agriculture. Directors are reported as resourceful and experienced businessmen. 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%)