MIRA
INFORM REPORT
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Report Date : |
14.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
DATA CORPORATION |
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Registered Office : |
1 – Fane Road,
Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
1985 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & indenting business of Seamless Carbon Steel
Pipes, Tubes, Welded Pipes, (ERW) Pipes and Tubes, High Carbon Wire, Rod,
Cold Rolled Steel Sheets, Coils, Hot Rolled Steel Sheets, Electrogalvanized
Steel Sheets, Stainless Steel Coils. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
|
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
DATA CORPORATION
Full Address
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Registered Address |
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1 - Fane Road,
Lahore, Pakistan |
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Tel |
92 (42) 7323010, 7247828 |
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Fax |
92 (42) 7243080 |
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Short Description Of
Business
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Nature of Business |
Importer & Indenter |
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Year Established |
1985 |
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National Tax # |
0156796 |
Branches
Irfan Building, 1 Justice Kyani Road,
Lahore, Pakistan
Legal Status
Subject Concern was established as a Proprietorship business in 1985
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Zafar Iqbal Zafri Mr Aamer Zafar |
Pakistani Pakistani |
Irfan Building, 1 Justice Kyani Road, Lahore Irfan Building, 1 Justice Kyani Road, Lahore |
Business Business |
Proprietor Manager (Import & Sales) |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Subject Concern is engaged in import & indenting business of Seamless Carbon Steel Pipes, Tubes, Welded Pipes, (ERW) Pipes and Tubes, High Carbon Wire, Rod, Cold Rolled Steel Sheets, Coils, Hot Rolled Steel Sheets, Electrogalvanized Steel Sheets, Stainless Steel Coils.
It purchases raw material through L/C, D/A basis.
It sells against Cash / Credit Terms.
Its’ major customers are Steel Manufacturing Companies, Engineering Companies etc.
Subject operates from caption leased shop premises of area measuring 1,320 Sq.ft. which is situated in commercial area.
Subject employs about 6 persons in its set up.
Importing Countries
Mainly from Germany, United Kingdom, Italy, Canada, U.S.A.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
60,000,000/- (Estimated) |
Bankers
PICIC Commercial Bank Limited, Pakistan.
Habib Bank Limited, Pakistan.
Habib Metropolitan Bank Limited, Pakistan.
Standard Chartered Bank, Pakistan.
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.70 |
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UK Pound |
1 |
Rs. 117.00 |
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Euro |
1 |
Rs. 80.00 |
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
Comments
Subject Concern was
established in 1985 and is engaged in import & indenting business of
steel & iron products. Trade relations are reported as fair. 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%)