MIRA
INFORM REPORT
|
Report Date : |
1st March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HOUSE OF HABIB (PRIVATE) LIMITED |
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Registered Office : |
2nd
Floor, Siddiqsons Tower, Plot # 3, Block 7/8, Jinnah Co-operative Housing
Society, Karachi, Pakistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1990 |
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Com. Reg. No.: |
K-02148 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture &
sale of Auto Engine Guide & Plastic Injection Moulding. Also engaged in trading
of bourses through stock exchanges and property |
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
HOUSE OF HABIB (PRIVATE) LIMITED
Full Address
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Registered Address |
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2nd Floor,
Siddiqsons Tower, Plot # 3, Block 7/8, Jinnah Co-operative Housing Society,
Karachi, Pakistan |
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Tel |
92 (21) 4312030 |
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Fax |
92 (21) 4312316 |
Short Description Of Business
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a. |
Nature of Business |
Manufacture & sale of Auto Engine Guide & Plastic Injection Moulding |
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b. |
Year Established |
1990 |
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c. |
Registration # |
K-02148 |
Branches
In Lahore & Islamabad at present
Auditors
M/s Hyder Bhimji & Co.
(Chartered Accountants)
2nd Floor, Standard Insurance House, I.I. Chundrigar Road, Karachi, Pakistan
Legal Status
Subject Company was established as a Private Limited Company in 1990
Authorised Capital
Rs.
1,000,000/- divided into 200,000 shares of Rs. 5/- each
Issued & Paid up Capital
Rs. 20,000/-
divided into 4,000 shares of Rs. 5/- each
Details of Directors
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Rafiq M. Habib Mr. Mohammad Ali R. Habib Mr. Ali Suleman Habib |
Pakistani Pakistani Pakistani |
B/73/3, K.D.A. Scheme 1, Karachi B/73/3, K.D.A. Scheme 1, Karachi B/73/3, K.D.A. Scheme 1, Karachi |
Business Business Business |
Chief Executive Director Director |
Shareholders
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Name |
No of Shares |
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Mr. Ali Suleman Habib Mr. Mohammad Ali R. Habib Mr. Rafiq M. Habib Mr. Mohammad Hyder Habib Mr. Habib Mohammad Ali Mr. Farah Fatima Mrs. Sayyeda Mohammedali Mr. Fazilat Hyder Mst. Khadija Hyder Mst. Zaheda Habib Mst. Zehra Habib Mst. Fatima Habib Mst. Sayyeda Rafiq Mst. Sayyeda Rafiq Mst. Attiqa Rafiq Mst. Marrium Suleman Mst. Saleha Suleman Mr. Mohammad Raza Suleman |
300 298 2 300 300 300 300 300 100 300 300 100 300 300 100 300 300 100 |
Associates
A. Subsidiary
None
B. Associated Companies
1.
Indus Motor Company
Limited, Pakistan.
2.
Agriauto Industries
Limited, Pakistan.
3.
Thal Limited,
Pakistan.
4.
Dynea Pakistan
Limited, Pakistan.
5.
Baluchistan
Laminates Division, Pakistan.
6.
Noble (Pvt) Limited,
Pakistan.
7. Shabbir Tiles & Ceramics Limited, Pakistan.
8. Auvitronics Limited, Pakistan.
9. Pakistan Papersack Corporation Limited, Pakistan.
10. Habib Insurance Company Limited, Pakistan.
11. Swift Services Property Management (Pvt) Ltd,
Pakistan.
12. Noble International Holdings Limited, Pakistan.
13. Horn Plastic Inc, Canada.
Business Activities
Manufacture & sale of Auto Engine Guide & Plastic Injection Moulding. Also engaged in trading of bourses through stock exchanges and property.
Number of Employees
20 - 25
Annual Sales Revenue
|
Year |
In Pak Rupees |
|
2005 |
80,000,000/- (Estimated) |
Customers
Mainly Traders, Auto Manufacturing Companies etc
Bankers
(1) MCB
Bank Limited, Pakistan.
(2) Bank Alfalah Limited, Pakistan.
(3) Habib Bank Limited,
Pakistan.
(4) Bank Alhabib
Limited, Pakistan.
(5) NIB Bank Limited,
Pakistan.
(6) Faysal Bank Limited,
Pakistan.
(7) ABN AMRO Bank,
Pakistan.
(8) Askari Commercial
Bank Limited, Pakistan.
(9) NIB Bank Limited, Pakistan.
Memberships
·
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.62 |
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UK Pound |
1 |
Rs. 118.75 |
|
Euro |
1 |
Rs. 79.90 |
History & Background
The name "House of Habib" identifies the business activities
of the Mohammed Ali Habib family (third son of Mr. Habib Esmail). He was the
architect and builder (with his brothers) of the group which included Habib
Bank Limited and Habib Insurance Co. Ltd., established in 1941 and 1942
respectively. Activities range from automobiles to
audio media, buildings to banking and computers to chemicals. Managing a
network of public (listed on the Pakistan Stock Exchanges) and private
companies, the House of Habib has equity and technical collaborations with
British, Japanese and Norwegian companies. The tradition of the family could be
described as conservative, yet it places great emphasis on decentralized
professional management resulting in a progressive and dynamic organization.
Comments
Habib Group of Companies enjoys good credibility in the Pakistan Business Circle. All the directors of the Company are reported as qualified, experienced and resourceful businessmen. Payments are usually correct and as per commitments. The Company can be considered good 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