MIRA
INFORM REPORT
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Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MIAN HAJI KARAM ELAHI & SONS |
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Registered Office : |
Chowk Yadgar, Peshawar |
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Country : |
Pakistan |
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Date of Incorporation : |
1996 |
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Legal Form : |
Partnership
Business |
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Line of Business : |
Import and Trading of Tea 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 : |
No Complaints |
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Litigation : |
Clear |
Business Name
MIAN HAJI KARAM ELAHI & SONS
Full Address
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Registered Address |
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Chowk Yadgar, Peshawar, Pakistan |
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Tel |
92 (91) 2212529, 2214912 |
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Fax |
92 (91) 2211854 |
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Email |
Short Description Of Business
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Nature of Business |
Import &
Trading of Tea & Commodities |
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Year Established |
1996 |
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National Tax # |
2696975 |
Branches
In Quetta & Baluchistan
Legal Status
Subject Company was
established as a Partnership business in 1996
Details of Managing Partner /
Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Faqir Hussain Mr. Muhammad Awais
Hassan |
Pakistani Pakistani |
Chowk Yadgar,
Peshawar, Pakistan Chowk Yadgar,
Peshawar, Pakistan |
Business Business |
Managing Partner Partner |
Business Activities
Subject Company is engaged in the business as import & trading of Tea & Commodities.
It purchases against L/C, D/A basis.
It sells against Cash terms.
It’s mainly import from India, Bangladesh, Srilanka, Canada, Australia, China.
Its major customers are Traders, Food Companies, Individuals.
Subject operates from caption leased shop premises of area measuring 1,000 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 |
|
2006 |
25,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
GRANCAFE COMERCIO IMPORTACAO EXPORTACAO, SALVADOR.
Bankers
Habib Bank Limited,
Pakistan.
Faysal Bank Limited,
Pakistan.
MCB Bank Limited,
Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 63.60 |
|
UK Pound |
1 |
Rs. 125.15 |
|
Euro |
1 |
Rs. 100.45 |
Comments
Subject Company was established in 1996 and is engaged in import & trading of Tea &
Commodities. Market reputation is good. Trade relations are reported as
fair. 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%)