MIRA
INFORM REPORT
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Report Date : |
22.05.2007 |
IDENTIFICATION DETAILS
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Name : |
J. A. & SONS |
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Registered Office : |
Shop No 1, Plot No.1/36, |
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Country : |
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Date of Incorporation : |
1975 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import &
Trading of Pulses & Cheak Peas |
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
J.A. & SONS
Full Address
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Registered Address |
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Shop No 1, Plot No.1/36, Qazi Building, Chabba Street,
Napier Road, Karachi, Pakistan |
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Tel |
92 (21) 2729180,
2731858 |
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Fax |
92 (21) 2725385 |
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Short Description Of
Business
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Nature of Business |
Import & Trading of Pulses & Cheak Peas |
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Year Established |
1975 |
Overseas Branches
In U.A.E. &
Legal Status
Subject Company was established as a Proprietorship business in 1975
Details of Key
Management
Names
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Nationality |
Address
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Designation |
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Mr. Javaid Ali Daalwala Mr. Shamsil Arfeen |
Pakistani Pakistani |
Shop No 1, Plot
No.1/36, Shop No 1, Plot
No.1/36, |
Proprietor Manager (Import) |
Associated Companies
(1) Pan East LLC, U.A.E.
(2) Ali Hussain Brothers,
Business Activities
Subject Company is engaged in import & trading of Pulses & Cheak Peas.
Local sales are mostly on cash basis.
Its main importing countries are
Its’ major customers are Traders, Retailers located in Jodia
Bazar, New Challi market of
Subject operates from caption leased shop premises of area measuring 900 Sq.ft. which is situated in commercial area.
Subject employs about 5 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
200,000,000/- (Estimated) |
Bankers
Askari Commercial Bank Limited,
MCB Bank Limited,
Financial Position
Sound
Memberships
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.82 |
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UK Pound |
1 |
Rs. 119.50 |
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Euro |
1 |
Rs. 81.65 |
Comments
Subject Company was established in 1975 and is engaged in import & trading of Pulses & Cheak Peas. Market reputation is good. Payment pattern is found to be satisfactory. The financial position of the Company is sound and has enough resources to meet the financial obligations. Subject 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%)