MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MUHAMMAD FAROOQ IMPEX |
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Registered Office : |
1st Floor, Kas Centre, Plot # 1/86 Daryalal Street Jodia
Bazar, |
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Country : |
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Date of Incorporation : |
1985 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Pulses and
Commodities |
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 |
COMPANY NAME
MUHAMMAD FAROOQ IMPEX
Address
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Registered Address |
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1st Floor, Kas Centre, Plot # 1/86 Daryalal Street Jodia
Bazar, |
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Tel |
92 (21) 2471177, 2471188 |
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Fax |
92 (21) 2471170 |
Short Description Of
Business
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Nature of Business |
Import & Trading of Pulses and
Commodities |
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Year Established |
1985 |
Branches
None
Legal Status
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Subject Company was established as a Proprietorship business in 1985 |
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Farooq |
Pakistani |
1st Floor, Kas Centre, Plot # 1/86 Daryalal Street Jodia
Bazar, |
Business |
Proprietor |
Business Activities
Subject Company is engaged in the business as import & trading of Pulses and Commodities.
It purchases against L/C basis.
It sells against Cash / Credit terms.
It’s mainly import from
Its major customers are Traders, Retailers, Food Companies etc.
Subject operates from caption leased office premises of area measuring
1,630 Sq.ft. which is situated in commercial area.
Subject employs about 7 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
45,000,000/- (Estimated) |
Trade Suppliers
(Foreign)
ADANI ENTERPRISES LIMITED,
SHREE RANCHHOO OIL
Bankers
MCB Bank Limited,
Bank Alfalah Limited,
Memberships
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 60.72 |
|
|
1 |
Rs. 121.60 |
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Euro |
1 |
Rs. 84.00 |
Comments
Subject Company was established in 1985 and is engaged in import &
trading of Pulses & Commodities. Market
reputation is good. Trade relations are reported as fair. Subject Company 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%)