MIRA
INFORM REPORT
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Report Date : |
26.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
MUSTAFA BROTHERS |
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Registered Office : |
186-D, Peoples Colony No. 1, Faisalabad |
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Country : |
Pakistan |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
RF/ICT/5815 |
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Legal Form : |
Partnership |
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Line of Business : |
Import and Distribution of Veterinary Pharmaceuticals and
Feed Additives |
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 : |
Usually correct |
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Litigation : |
Clear |
Business Name
MUSTAFA BROTHERS
Full Address
Registered Address
186-D, Peoples Colony No. 1, Faisalabad, Pakistan
Tel 92 (41)
8724059
Fax 92 (41) 8722059
Email colmustafa2000@yahoo.com
Short Description Of
Business
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Nature of Business |
Import and Distribution of
Veterinary Pharmaceuticals and Feed Additives |
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Year Established |
2002 |
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Registration # |
RF/ICT/5815 |
Branches
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Address |
Office No. 13, 3rd Floor, United Center, Shamsabad, Murree Road, Rawalpindi, Pakistan |
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Tel # |
92 (51) 5824065 |
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Fax # |
92 (51) 5824065 |
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Address |
15/26, Korangi Town, Islamabad, Pakistan |
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Tel # |
92 (51) 5957259 |
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Fax # |
92 (51) 5957614 |
Legal Status
Subject Concern was established as a Partnership business in 2002
Details of Managing
Partner / Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Lt. Col. (R) Dr. Tariq Mustafa Dr. Manzoor Hussain |
Pakistani Pakistani |
23-P, Shadman Colony, Near old Passport office, Faisalabad
House No. 503,
Street 1/10-4, Circle No. 1, Islamabad |
Business Business |
Managing Partner Partner |
Associates
Subsidiary
None
Associated Companies
- Do -
Products
(1) Subject Concern is engaged in import & distribution of Veterinary Medicines and Poultry Feed Additives through direct marketing with Traders and Feed Millers.
(2) It purchases against L/C, T.T. basis.
(3) It sells against Cash / Credit Terms.
(4) Its mainly import from U.S.A., Malaysia & China.
(5) Its’ major customers are Livestock Farmers, Traders, Veterinary Government Hospitals, Army Dog Breeding & Training Centers, Poultry Feed Millers, Poultry Home Mixtures, Poultry Farmers, Private Veterinary Practitioners.
(6) Subject employs about 27 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees
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2005 |
30,000,000/-
(Estimated) |
Agencies (Foreign)
(1) NOVA
LABORATORIES SDN BHD, MALAYSIA.
(2) PETER LABS SDN BHD, MALAYSIA.
(3) AGRANCO CORPORATION, U.S.A.
Bankers and their
addresses
Bank Alfalah Limited, D-Ground
Branch, Faisalabad, Pakistan.
Bank Alfalah Limited, Sattelite
Town Branch, Rawalpindi, Pakistan.
Memberships
Faisalabad Chamber of Commerce & Industry.(FCCI)
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.67 |
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UK Pound |
1 |
Rs. 118.60 |
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Euro |
1 |
Rs. 79.50 |
Comments
Subject Concern was established in 2002 and is engaged in import & distribution of Veterinary Pharmaceuticals and Feed Additives. Their market reputation is good and trade relations are reported as fair. Payments are usually correct and as per commitments. The Concern 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%)
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