MIRA
INFORM REPORT
|
Report Date : |
04.09.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BENLAYS CONSUMER PRODUCTS |
|
|
|
|
Registered Office : |
F-5, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
2003 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Import & Distribution of Food Products |
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 : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
Business Name
BENLAYS CONSUMER PRODUCTS
Full Address
|
Registered Address |
|
F-5, |
|
Tel |
92 (21) 2586981, 2586982,
2586983 |
|
Fax |
92 (21) 2586984 |
|
|
Short Description Of
Business
|
Nature of Business |
Import & Distribution of Food Products |
|
Year Established |
2003 |
|
National Tax # |
2590595 |
Branches
In
Legal Status
Subject Concern was established as a Proprietorship business in 2003
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Ahmad Haseeb
|
Pakistani
|
F-5, |
Trading Business
|
Proprietor
|
Associates
A. Subsidiary
None
B. Associated Companies
Ahmad Manufacturing Corporation,
Ahmad Lace Works,
Business Activities
Subject Concern is engaged in the business as import & distribution of Food Products.
It purchases against L/C, T.T. basis.
Its’ major customers are retailers, Traders located in major
cities like
Subject operates from caption leased office premises which is situated in industrial area.
Subject employs about 5 persons in its set up.
Agencies (Foreign)
(1) FOOD SOURCE INC.,
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
15,000,000/- (Estimated) |
Bankers
Habib Bank Limited,
Habib Metropolitan Bank Limited,
Askari Commercial Bank Limited,
NIB Bank Limited,
Memberships
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.87 |
|
UK Pound |
1 |
Rs. 122.50 |
|
Euro |
1 |
Rs. 82.80 |
Comments
Subject Concern was established in 2003 and is engaged in
import & distribution of Food Products. Trade relations are reported as
fair. Payments to creditors etc are reported as normal. 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%)