MIRA INFORM REPORT

 

 

Report Date :

21.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

M. ALI & BROS

 

 

Registered Office :

Shop # 86 - 87, Grain Market, Sargodha

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1995

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Import and Trading of Sesame Seeds, Yellow Gram, Alfalfa Seeds, China Dal and Other Commodities

 

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

 

                                   

Business Name

 

M. ALI & BROS

 

 

Full Address       

 

Registered Address

Shop # 86 - 87, Grain Market, Sargodha, Pakistan

                       

Tel

92 (483) 711047, 718746, +923009602248

Fax

92 (483) 700245

 

                                         

Short Description Of Business

 

Nature of Business           

Import & Trading of Sesame Seeds, Yellow Gram, Alfalfa Seeds, China Dal & Other Commodities

Year Established

1995

National Tax #

1543670

 

 

Branches

 

Shop No. 152-A, Al-Rehman Trade Centre,

Shahra-e-Liaquat, Karachi

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 1995

 

 

Details of Management

 

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Saifullah

 

Mr. Muhammad Younas

Pakistani

 

 

Pakistani

 

Shop # 86 - 87, Grain Market, Sargodha

 

Shop # 86 - 87, Grain Market, Sargodha

Business

 

 

Business

 

Proprietor

 

 

Manager (Import)

 

 

 

 

 

 

 

Business Activities

 

Subject Company is engaged in the business as Import & Trading of Sesame Seeds, Yellow Gram, Alfalfa Seeds, China Dal & Other Commodities.

 

It purchases against L/C, D/A basis.

 

It sells against Cash / Credit terms.

 

It’s mainly import from India, Canada, Australia, China, Vietnam, Ukraine, Portugal

 

Its major customers are Traders, Food Companies, Individuals.

 

Subject operates from caption leased shop premises of area measuring 1,100 Sq.ft. which is situated in commercial area.

 

Subject employs about 6 persons in its set up.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2006

20,000,000/- (Estimated)

 

 

Trade Suppliers (Foreign)

 

Various International

 

 

Bankers

 

MCB Bank Limited, Pakistan.

Askari Commercial Bank Limited, Pakistan.

Bank Alfalah Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 64.40

UK Pound

1

           Rs. 128.75

Euro

1

           Rs. 101.90

           

 

 

 

 

 

Comments

 

Subject Company was established in 1995 and is engaged in import & trading of Sesame Seeds, Yellow Gram, Alfalfa Seeds, China Dal & Other Commodities. Market reputation is satisfactory. Trade relations are reported as fair. Company 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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions