MIRA INFORM REPORT

 

 

Report Date :

14.03.2007

 

IDENTIFICATION DETAILS

 

Name :

BILKA IMPEX

 

 

Registered Office :

Marala Road, Gohad Pur, Sialkot – 51310

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1994

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Manufacturing & export of Sport Balls, Sport Wears, Sport Gloves, Work Gloves & Hand Made Badges.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Business Name

 

BILKA IMPEX

 

 

Full Address       

 

Registered Address & Factory

Marala Road, Gohad Pur, Sialkot - 51310, Pakistan

                       

Tel

92 (52) 4293478, +923006190755

Fax

92 (52) 4293478

Email

bilkaimpex@skt.comsats.net.pk

 

 

Short Description Of Business

 

Nature of Business        

Manufacturer & Exporter

Year Established

1994

National Tax #

0394757

 

 

Branches

 

None                    

 

 

Legal Status

 

Subject Concern was established as a Proprietorship Business in 1994

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Khawaja Mohammad Jamil

 

Mr. Arshad Malik

 

Pakistani

 

 

Pakistani

Marala Road, Gohad Pur, Sialkot

 

Marala Road, Gohad Pur, Sialkot

Business

 

 

Business

Proprietor

 

 

Manager Export

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None                                             

           

 

B.         Associated Companies

 

- Do -

 

 

Business Activities

 

Subject Concern is engaged in manufacturing & export of Sport Balls, Sport Wears, Sport Gloves, Work Gloves & Hand Made Badges.

 

Subject sells its Product through L/C, T.T. basis.

 

Its main exporting countries are USA & European Countries.

 

Its’ major customers are Traders, Soccer Balls Associations, Sports Federations.

 

Subject operates from caption leased factory premises of area measuring 1,500 Sq. Yard. this is situated in industrial area.

 

Subject employs about 40 - 50 persons in its set up.

 

 

Annual Production Volume

           

Approximately 500,000 to 1,000,000 pieces per annum

 

 

Annual Sales Volume

 

Year
In Pak Rupees

2005

40,000,000/- (Estimated)

 

 

Bankers

 

MCB Bank Limited, Pakistan.

Bank Alfalah Limited, Pakistan.

Faysal Bank Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

Rs. 60.70

UK Pound

1

  Rs. 117.00

Euro

1

Rs. 80.00

 

 

Memberships

 

Sialkot Chamber of Commerce & Industry.(SCCI)

 

 

Comments

 

Subject Concern was established in 1994 and is engaged in manufacturing & export of Sport Balls, Sport Wears, Sport Gloves, Work Gloves & Hand Made Badges. Their trade relations are reported as fair. The Concern can be considered for normal business dealings at usual trade terms and conditions

 

 

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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