MIRA
INFORM REPORT
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Report Date : |
13.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ABDUL WAHID ABDUL MAJID (PRIVATE) LIMITED |
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Registered Office : |
1st Floor, |
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Country : |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
0027158 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import / Export
& Local Trading of Rice, Kernels, Tallow, Pulses, Oil Seeds, Waxes,
Palm Oil, Molasses, Soyabean Oil, Industrial Chemicals, Dry Fruits &
Seeds |
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 : |
No Complaints |
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Litigation : |
Clear |
Business Name
ABDUL WAHID ABDUL MAJID (PRIVATE) LIMITED
Full Address
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Registered Address |
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1st Floor, |
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Tel |
92
(21) 2414782, 2413216, 2414451 |
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Fax |
92
(21) 2416853 |
Short Description
Of Business
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Nature of Business |
Import / Export & Local Trading of Rice,
Kernels, Tallow, Pulses, Oil Seeds, Waxes, Palm Oil, Molasses, Soyabean Oil,
Industrial Chemicals, Dry Fruits & Seeds |
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Year Established |
1992 |
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Registration # |
0027158 |
Branches
In
Auditors
Muneer Ahmed & Co.
(Chartered
Accountants)
5, Masoom Shah Bukhari, New
Legal Status
Subject Company was established as a Private Limited Company in 1992
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Authorised Capital |
Rs. 80,000,000/-
divided into 8,000,000 shares of Rs. 10/- each |
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Issued & Paid up Capital |
Rs. 75,500,000/- divided into 7,550,000
shares of Rs. 10/- each |
Details of
Directors
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Abdul Wahid Mr. Abdul Majid |
Pakistani Pakistani |
House # 3, Hussaini Cooperative Society, Block 3,
P.E.C.H.S., House # 3, Hussaini Cooperative Society, Block 3,
P.E.C.H.S., |
Business Business |
Chief Executive Director |
Shareholders
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Names |
No. of Shares |
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Mr. Abdul Majid Mr. Abdul Wahid Mr. Mohammad Ahmed Mr. Mohammad Ali |
1,844,445 4,414,445 180,000 555,555 555,555 |
Associates
A. Subsidiary
None
B. Associated Companies
Ahmed Oil Industries,
Taj Oil Industries,
H.M. Industries (Pvt) Limited,
MAMA Industries (Pvt) Limited,
Union
Awam (Private) Limited,
Business Activities
Subject Company is engaged in the business as import / export & local trading of Rice, Kernels, Tallow, Pulses, Oil Seeds, Waxes, Palm Oil, Molasses, Soyabean Oil, Industrial Chemicals, Dry Fruits & Seeds.
It purchases against L/C, T.T. basis.
It sells against Cash / Credit terms.
It’s mainly import from
Its major customers are Traders, Retailers, Food Companies, Chemical Manufacturers etc.
Subject operates from caption leased office premises of area measuring 1,800 Sq.ft. which is situated in commercial area.
Subject employs about 18 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) |
Trade Suppliers
(Foreign)
Various international
belongs to
Bankers
Askari Commercial Bank Limited,
(Mortgage obtained PKR 202,000,000/-)
PICIC Commercial Bank Limited,
(Mortgage obtained PKR 151,000,000/-)
KASB Bank Limited,
(Mortgage obtained PKR 132,000,000/-)
Memberships
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.60 |
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1 |
Rs. 122.90 |
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Euro |
1 |
Rs. 85.60 |
Comments
Subject Company was established in 1992 and is engaged in import / export & local trading of Rice, Pinenuts Kernels, Tallow, Pulses, Oil Seeds, Waxes, Palm Oil, Molasses, Soyabean Oil, Industrial Chemicals, Dry Fruits & Seeds. Market reputation is good. 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. |
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%)