MIRA
INFORM REPORT
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Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
KOMAL TEXTILES |
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Registered Office : |
P-7/38, Main Road,
Rasheed Chowk, Samanabad, Faisalabad |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Partnership |
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Line of Business : |
Manufacture & Sale of Cotton Fabrics,
Knitted Fabrics |
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
KOMAL TEXTILES
Full Address
|
Registered
Address |
|
P-7/38, Main Road,
Rasheed Chowk, Samanabad, Faisalabad, Pakistan |
|
Tel |
92 (41) 2563580, +923017007231 |
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Fax |
92 (41) 2563580 |
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Email |
Short Description Of
Business
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Nature of Business |
Manufacture & Sale of Cotton Fabrics,
Knitted Fabrics |
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Year Established |
2000 |
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National Tax # |
2698904 |
Factory Location
Main Sarghoda Road, Sadahar,
Faisalabad, Pakistan
Legal Status
Subject Concern was established as a Partnership Business in 2000
Details of Managing
Partner / Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Naseer Ahmad Mr. Muhammad Asif |
Pakistani Pakistani |
P-7/38, Main Road, Rasheed Chowk, Samanabad, Faisalabad P-7/38, Main Road, Rasheed Chowk, Samanabad Faisalabad |
Business Business |
Managing Partner Partner |
Associated Companies
None
Business Activities
Subject Concern is engaged in the business as manufacture & Sale of Cotton Fabrics, Knitted Fabrics.
Its mainly import Textile Machineries, Raw Materials from European Countries.
It sells against Cash / Credit terms to local traders.
Its main customers are Local Traders, Retailers located in Faisalabad, Multan & Lahore.
Subject operates from caption leased office premises measuring 900 Sq.ft. which is situated in commercial area.
Subject employs about 100 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2005 |
50,000,000/- (Estimated) |
Actual Production
Volume
Approximately 70,000 to 80,000 Meters per month
Bankers
Askari Commercial Bank Ltd, University Road, Faisalabad, Pakistan.
(A/C #
090205000433)
Habib Bank Limited,
Corporate Branch, I.I. Chundrigar Road, Karachi, Pakistan
Memberships
Faisalabad Chamber of Commerce & Industry.(FCCI)
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.75 |
|
UK Pound |
1 |
Rs. 117.80 |
|
Euro |
1 |
Rs. 80.50 |
Comments
Subject Concern was established in 2000 and is engaged in
manufacture & Sale of Cotton Fabrics, Knitted Fabrics. 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 |
|
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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%)