MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION DETAILS
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Name : |
YUNUS TEXTILE (PRIVATE) LIMITED |
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Registered Office : |
1st Floor, Sindh Market, |
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Country : |
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Date of Incorporation : |
1991 |
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Com. Reg. No.: |
3067/19910907 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture
& Export of Home Textiles Products |
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
YUNUS TEXTILE (PRIVATE) LIMITED
Full Address
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Registered
Address |
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1st Floor, Sindh Market, |
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Tel |
92 (21) 2437667, 2438523 |
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Fax |
92 (21) 2414597 |
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Email |
Short Description
Of Business
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Nature of Business |
Manufacture
& Export of Home Textiles Products |
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Year Established |
1991 |
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Registration # |
3067/19910907 |
Factory Location
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Address |
Plot No.H-23, Landhi Industrial Area, |
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Tel # |
92 (21) 5081305, 5081727 |
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Fax # |
92 (21) 5081226 |
Auditors
M/s Rahim Iqbal Rafiq & Co.
(Chartered
Accountants)
Plot # 180, Block A, S.M.C.H.S.,
Legal Status
Subject Company was established as a Private Limited Company in 1991
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Authorised Capital |
Rs. 10,000,000/- divided into
1,000,000 shares of Rs. 10/- each |
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Issued & Paid up Capital |
Rs. 40,000/- divided into 4,000 shares of Rs. 10/- each |
Details of
Directors
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Names |
Address |
Occupation |
Designation |
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Mr. Muhammad Ali Tabba Mr. Imran Tabba Mr. Javed Tabba Mrs. Kulsum Razzak Tabba |
53-A, Adamjee
Nagar, 53-A, Adamjee
Nagar, 53-A, Adamjee
Nagar, 53-A, Adamjee
Nagar, |
Business Business Business House Wife |
Chief Executive Director Director Director |
Shareholders
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Names |
No. of Shares |
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Mr. Imran Tabba Mr. Javed Tabba Mrs Kulsum Razzak Tabba Mr. Muhammad Ali Tabba |
1,000 1,000 1,000 1,000 |
Associates
A. Subsidiary
None
B. Associated Companies
Gadoon Textile Mills
Limited,
Lucky Cement Limited,
Fashion Textile Mills (Pvt)
Limited,
Fazal Textile Mills
Limited,
Lucky Energy Limited,
Lucky Powertech Limited,
Security Electric Power Co.
Limited,
Security Investment Bank
Limited,
Business Activities
Subject Company is engaged in the business as manufacture & marketing of Home Textile Products.
It purchases raw material against L/C basis.
It sells against cash / credit basis. Whereas incase of exports, payment would be accepted through L/C basis.
It’s mainly export to
It’s mainly import from China & European Countries.
Its’ major customers are Traders, Retailers,
Subject operates from caption leased office premises of area measuring 1,600 Sq ft. which is situated in commercial centre.
Subject employs about 268 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
300,000,000/-
(Estimated) |
Actual Production
Volume
The Annual Production is indeterminable as it mainly depends on International Demand related to Home Textile Products and its demand varies from time to time.
Bankers
Habib Bank Limited,
Faysal Bank Limited,
Soneri Bank Limited,
Askari Commercial Bank
Limited,
MCB Bank Limited,
ABN AMRO Bank NV.,
NIB Bank Limited,
Scenario Related To
Textile Industry In
The exports of textile and textile products of
Memberships
Federation
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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1 |
Rs. 124.65 |
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Euro |
1 |
Rs. 87.10 |
Comments
Subject Company enjoys good reputation in
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%)