MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SHAH ENTERPRISES |
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Registered Office : |
House # 71, Gulshan Jamal Society, |
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Country : |
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Date of Incorporation : |
1990 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import, Indenting
& Trading of Chemicals, Auto Parts, Cement & Pharmaceutical
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
SHAH ENTERPRISES
Full Address
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Registered Address |
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House # 71, Gulshan Jamal Society, |
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Tel |
92 (21) 4573700,
4600058, +923232093634 |
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Fax |
92 (21) 4600058 |
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Short Description Of
Business
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Nature of Business |
Import, Indenting
& Trading of Chemicals, Auto Parts, Cement & Pharmaceutical
Products |
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Year Established |
1990 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 1990
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Baqar Shah |
Pakistani |
House # 71, Gulshan
Jamal Society, |
Business |
Proprietor |
Business Activities
Subject Company is engaged in the business as import, indenting & trading of Chemicals, Auto Parts, Cement & Pharmaceutical Products.
It Purchases against D/P, L/C basis.
It sells against Cash.
Its’ major customers are Retailers, Traders, Private Companies
located in
Subject operates from caption leased office premises of area measuring 1,300 Sq.ft. which is situated in residential area.
Subject employs about 3 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
20,000,000/- (Estimated) |
Agencies (Foreign)
Not disclosed by the Proprietor of the Company
Bankers
MCB Bank Limited,
United Bank Limited,
Allied Bank Limited,
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 60.72 |
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UK Pound |
1 |
Rs. 121.60 |
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Euro |
1 |
Rs. 84.00 |
Comments
Subject Company was established in 1990 and is engaged in import, indenting & trading of Chemicals, Auto Parts, Cement & Pharmaceutical Products. Trade relations are reported as fair. Subject 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%)