MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION DETAILS
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Name : |
A.R. ENTERPRISES |
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Registered Office : |
Suite No. 1002, 10th Floor, |
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Country : |
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Date of Incorporation : |
2003 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Industrial
Chemicals, Food Chemicals |
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
A.R. ENTERPRISES
Full Address
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Registered Address |
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Suite No. 1002, 10th Floor, |
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Tel |
92 (42) 5716257,
5716258 |
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Fax |
92 (42) 5716258 |
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Short Description
Of Business
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Nature of Business |
Import & Trading of Industrial
Chemicals, Food Chemicals |
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Year Established |
2003 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 2003
Details of
Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Khurram Siddique Mr. Masoom Shahzad |
Pakistani Pakistani |
Suite No. 1002, 10th Floor, Suite No. 1002, 10th Floor, |
Business Service |
Proprietor Manager (Import & Sales) |
Business Activities
Subject Concern is engaged in the business as import & trading of Industrial Chemicals, Food Chemicals etc.
It purchases against L/C basis.
It sells against Cash / Credit terms to its local customers.
It’s mainly import from
Its major customers are Traders, Chemical Companies, Industrial Concerns & Food Companies etc.
Subject operates from caption leased office premises of area measuring 1,200 Sq. ft. which is situated in commercial plaza.
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 - 2007 |
20,000,000/- (Estimated) |
Authorized Agents
for
(1) Sitara Chemical Industries Limited,
Bankers
Albaraka Islamic Bank BSC, PICIC House 14, Shahrah E Aiwan E
Tijarat Lahore,
Memberships
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.70 |
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UK Pound |
1 |
Rs. 124.65 |
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Euro |
1 |
Rs. 87.10 |
Comments
Subject Concern was established in 2003 and is engaged in import & trading of Industrial Chemicals, Food Chemicals. 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%)