MIRA
INFORM REPORT
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Report Date : |
22.05.2007 |
IDENTIFICATION DETAILS
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Name : |
RAJBY INDUSTRIES |
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Registered Office : |
Plot No.149,
Sector No.27, Korangi Industrial Area, |
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Country : |
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Date of Incorporation : |
1973 |
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Legal Form : |
Partnership |
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Line of Business : |
Manufacture &
Export of Ready-Made Garments, Cotton Fashion Apparels & Made-Ups. |
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
RAJBY INDUSTRIES
Full Address
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Registered Address
& Factory |
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Plot No.149,
Sector No.27, Korangi Industrial Area, Karachi, Pakistan. |
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Tel |
92 (21) 5064321, 5061802, 5071399, 5071037 |
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Fax |
92 (21) 5060142,
5071036, 5060538 |
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U.A.N. |
92 (21) 111-149-149 |
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Short Description Of
Business
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Nature of Business |
Manufacture & Export of Ready-Made Garments, Cotton Fashion Apparels &
Made-Ups |
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Year Established |
1973 |
Other Factories Location
(1) Plot # 31,
Sector 19, Korangi Industrial Area,
(2) Plot # 38
& 39, Sector 27, Korangi Industrial Area, Karachi, Pakistan.
Branches
Address
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4 Sharif Mansion, |
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Tel # |
92 (21) 5211913, 5211914, 5211915 |
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Fax # |
92 (21) 5211916 |
Legal Status
Subject Company was established as a Private Limited Company then afterwards it was converted to Partnership Company
Details of Managing
Partner / Partners
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Names |
Nationality |
Occupation |
Designation |
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Mr. Saleem Sultan Mr. Nafees Sultan Mr. Nabeel Azhar |
Pakistani Pakistani Pakistani |
Business Business Business |
Managing Partner Partner Partner |
Associates
Subsidiary
None
Associated Companies
(1)
Product
Product range includes tops and bottoms for ladies, men's and
children which are Men’s Wear: Shirts, Jackets, Shorts, Pant. Ladies Wear:
Skirts, Shorts & Trousers.
Number of Employees
250 - 300
Production Volume
80,000 Pieces per day
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
450,000,000/- (Estimated) |
Customers (Foreign)
(1) JC PENNY.
(2)
WAL-MART
(3)
(4) TOMMY HILFIGER.
(5) VF CORPORATION.
(6) SEARS.
(7) RUSSELL ATHLETICS.
(8) AMERICAN EAGLE OUTFITTERS.
(9) LEE SPORTSWEAR.
(10) PHILLIPS VAN HEUSEN.
Bankers and their
address
Soneri Bank Limited, Korangi Industrial Area Branch,
Habib Bank Limited,
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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|
1 |
Rs. 119.50 |
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Euro |
1 |
Rs. 81.65 |
Comments
Subject company was established in 1973 and currently the famous distributors of Aladdin and Charaghdin brands. Now the company has achieved production levels of 80,000 pieces per day. The Company is backed by in-house washing and special effects section and embroidery. The product range includes tops and bottoms for ladies, men's and children. Presently the company exports its products to well-known chain stores of U.S.A. 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%)