MIRA
INFORM REPORT
|
Report Date : |
19.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
PRIME INTERNATIONAL |
|
|
|
|
Registered Office : |
Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar,
Karachi-74000 |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Import & trading of Food Chemicals, Spices, and Pulses of all types |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Business Name
PRIME INTERNATIONAL
Full Address
Registered Address
Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi-74000, Pakistan
Tel 92 (21) 2442037, 2431646
Fax 92 (21) 2433638
Email primeinternational@gmail.com
Short Description Of Business
|
Nature of Business |
Import & trading of Food Chemicals, Spices, and Pulses of all types |
|
Year Established |
1990 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship Business in 1990
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Mohammad Asif Mr. Munaf Abdul Sattar Mr. Suphyan Abdul Sattar |
Pakistani Pakistani Pakistani |
Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi Shop # 1, Zulekha Palace, Virjee Street, Jodia Bazar, Karachi |
Trading Business Trading Business Trading Business |
Proprietor Manager (Import) Manager (Sales) |
Associated Companies
(1) Kulsoom International, Karachi, Pakistan
Business Activities
Subject Concern is engaged in the business as import & trading of Food Chemicals, Spices, and Pulses of all types.
It sells against Cash or Credit terms.
Its’ major customers are retailers.
Subject operates from caption leased shop premises of area measuring 725 sq.ft. which is situated in commercial area.
Subject employs about 6 persons in its set up.
Importing Countries
Mainly from India, China, Taiwan, Malaysia.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
23,000,000/- (Estimated) |
Bankers and their addresses
Saudi Pak Commercial Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.
Soneri Bank Limited, Jodia Bazar Branch, Karachi, Pakistan.
Saudi Pak Commercial Bank Ltd, Trade Processing Centre, I.I. Chundrigar Road, Karachi, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 61.33 |
|
UK Pound |
1 |
Rs. 125.35 |
|
Euro |
1 |
Rs. 89.35 |
Comments
Subject Concern was established in 1990 and is engaged in
import & trading of Food Chemicals, Spices, and Pulses of all types. Market
reputation is good. 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 |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)