MIRA
INFORM REPORT
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Report Date : |
22.10.2007 |
IDENTIFICATION DETAILS
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Name : |
NOOR INTERNATIONAL |
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Registered Office : |
4-D, Block 6, P.E.C.H.S. Karachi |
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Country : |
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Date of Incorporation : |
1989 |
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Legal Form : |
Partnership |
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Line of Business : |
Import &
Trading of Medical & Industrial Equipments & Surgical
Disposables |
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
NOOR INTERNATIONAL
Full Address
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Registered Address |
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4-D, Block 6, P.E.C.H.S. Karachi, Pakistan |
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Tel |
92 (21) 4527001,
4527002, 4527003 |
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Fax |
92 (21) 4527000 |
Short Description
Of Business
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Nature of Business |
Import &
Trading of Medical & Industrial Equipments & Surgical
Disposables |
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Year Established |
1989 |
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National Tax # |
1350290 |
Branches
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Address |
Noor House Tariq Block, New Garden Town, Lahore, Pakistan |
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Tel # |
92 (42) 5886318 |
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Fax # |
92 (42) 5914752 |
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Address |
Plot # 62/A, Noor House CB-552, Lalazar Housing Scheme,
Tulsa Chowk, Near PSO Petrol Pump, Rawalpindi, Pakistan |
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Tel # |
92 (51) 5811926 |
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Address |
Suite# 3-Zeb Plaza, Tehkal Payan, Jamrud Road, Peshawar,
Pakistan |
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Tel # |
92 (91) 5842990 |
Legal Status
Subject Concern was established as a Partnership business in 1989
Details of Managing
Partner / Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Farooq Islam Mr. Qamar-Ul-Islam Mr. Zia-Ul-Islam Mr. Noor-Ul-Islam |
Pakistani Pakistani Pakistani Pakistani |
4-D, Block 6, P.E.C.H.S. Karachi 4-D, Block 6, P.E.C.H.S. Karachi 4-D, Block 6, P.E.C.H.S. Karachi 4-D, Block 6, P.E.C.H.S. Karachi |
Business Business Business Business |
Managing Partner Partner Partner Partner |
Business Activities
Subject Concern is engaged in the business as import & trading of Medical & Industrial Equipments & Surgical Disposables.
It purchases against L/C basis.
It sells against Cash / Credit terms.
It’s mainly import from
Its major customers are Hospitals, Trading Companies, Laboratories etc.
Subject operates from caption leased office premises of area measuring 1,000 Sq.Yards which is situated in residential+commercial area.
Subject employs about 32 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
76,000,000/- (Estimated) |
Principals
(Foreign)
SMITH
MEDICAL ASD INC,
OPTIMED MEDIZINISCHE
TOP CORPORATION,
B.BRAUN
MEDIZINELEKTRONIK GMBH & CO,
Bankers
MCB Bank Limited,
Bank Alfalah Limited,
Askari Commercial Bank Limited,
Faysal Bank Limited,
ABN AMRO Bank,
Habib Bank Limited,
Memberships
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.65 |
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UK Pound |
1 |
Rs. 123.75 |
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Euro |
1 |
Rs. 86.25 |
Comments
Subject Concern was established in 1989 and is engaged in import & trading of Medical & Industrial Equipments & Surgical Disposables. Market reputation is good. Trade relations are reported as fair. Subject Concern 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%)