MIRA
INFORM REPORT
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Report Date : |
22.05.2007 |
IDENTIFICATION DETAILS
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Name : |
A.K. ENTERPRISES |
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Registered Office : |
604,
Al-Rehmat Trade Centre, |
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Country : |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Pulses, Cheak Peas, Spices, Onion,
Garlic & Ginger |
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 : |
Regular |
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Litigation : |
Clear |
Business Name
A.K. ENTERPRISES
Full Address
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Registered Address |
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604,
Al-Rehmat Trade Centre, |
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Tel |
92 (21) 2775669, 2775688 |
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Fax |
92 (21) 2775688 |
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Short Description Of
Business
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Nature of Business |
Import & Trading of Pulses, Cheak Peas, Spices, Onion, Garlic & Ginger |
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Year Established |
2000 |
Branches
In
Legal Status
Subject Company was established as a Proprietorship business in 2000
Details of Proprietor
& Management
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Parvesh Kumar Mr. Pardeep Kumar |
Pakistani Pakistani |
604, Al-Rehmat Trade Centre, 604, Al-Rehmat Trade Centre, |
Trading Business Trading Business |
Proprietor Manager (Import) |
Associates
Subsidiary
None
Associated Companies
Marvi Enterprises,
Business Activities
Subject Company is engaged in the business as import & trading of Pulses, Cheak Peas, Spices, Onion, Garlic & Ginger.
It purchase against L/C, T.T. basis.
It sells against Cash / Credit terms.
It’s mainly import from
Its’ major customers are Traders, Retailers etc.
Subject operates from caption leased office premises of area measuring 820 sq.ft. which is situated in commercial plaza.
Subject employs about 4 persons in its set up.
Trade Suppliers
(Foreign)
(1) JAWAHAR EXPORTS,
(2) AGRO CORP INT PTE LIMITED,
(3) OLAM TANZANIA LIMITED,
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
40,000,000/- (Estimated) |
Bankers
Bank Alfalah Limited,
Habib Bank Limited,
Memberships
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.82 |
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|
1 |
Rs. 119.50 |
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Euro |
1 |
Rs. 81.65 |
Comments
Subject Company was established in 2000 and is engaged in
import & trading of Pulses, Cheak Peas, Spices, Onion, Garlic & Ginger.
Trade relations are reported as fair. The Company 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%)