MIRA
INFORM REPORT
|
Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VOHRA
INTERNATIONAL |
|
|
|
|
Registered Office : |
Suite # 32 - 33, 1st Floor, Farooq Center, McLeod Road,
Lahore - 54000 |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
1977 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Import anf Trading of Natural Rubbers, Synthetic Rubbers,
Polymers, Elastomer, Rubber Pigments, and Plastic Resins & Rubber
Chemicals |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Business Name
VOHRA INTERNATIONAL
Full Address
|
Registered
Address |
|
Suite # 32 - 33, 1st Floor,
Farooq Center, McLeod Road, Lahore - 54000, Pakistan |
|
Tel |
92 (42) 7245094, 7350202 |
|
Fax |
92 (42) 7248580 |
|
Email |
Short Description Of Business
|
Nature of Business |
Import & Trading of
Natural Rubbers, Synthetic Rubbers, Polymers, Elastomer, Rubber Pigments, and
Plastic Resins & Rubber Chemicals |
|
Year Established |
1977 |
Branches
127 - Circular Road, Near Shahalam
Telephone Exchange, Lahore,
Pakistan
Legal Status
Subject Company was established as a Proprietorship business in 1977
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr.
Aftab Ahmed Vohra Mr.
Kamran Vohra |
Pakistani Pakistani |
Suite # 32 - 33,
1st Floor, Farooq Center, McLeod Road, Lahore Suite # 32 - 33,
1st Floor, Farooq Center, McLeod Road, Lahore |
Trading Business Trading Business |
Proprietor Manager (Sales) |
Associates
A. Subsidiary
None
B. Associated Companies
Vohra Chemical Corporation, Pakistan.
Mughal Agencies,
Pakistan.
Business Activities
(1) Subject Company is engaged in import & trading of Natural Rubbers, Synthetic Rubbers, Polymers, Elastomer, Rubber Pigments, and Plastic Resins & Rubber Chemicals.
(2) It purchases against L/C, D/A basis
(3) It sells against cash / credit terms.
(4) Its mainly import from India, China, Korea, Italy, Germany & Thailand
(4) Its’ major customers are Chemical Companies, Indenters, Trading Companies.
(6) Subject operates from caption leased office premises of area measuring 1,300 Sq ft, which is situated in commercial area.
(7) Subject employs about 12 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
100,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
Various International
Bankers
Bank Alfalah Limited, Pakistan.
Soneri Bank Limited, Pakistan.
Bank Al-Habib Limited, Pakistan.
Standard Chartered Bank, Pakistan.
Faysal Bank Limited, Pakistan.
Memberships
·
Lahore Chamber of Commerce & Industry. (LCCI)
·
Federation Pakistan Chamber of Commerce & Industry. (FPCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee
|
|
US Dollar |
1 |
Rs. 71.60 |
|
UK Pound |
1 |
Rs. 142.80 |
|
Euro |
1 |
Rs. 113.40 |
Comments
Subject Company was established in 1977 and is engaged in import & trading of Natural Rubbers, Synthetic Rubbers,
Polymers, Elastomer, Rubber Pigments, and Plastic Resins & Rubber Chemicals.
Market reputation is good. Trade
relations are reported as fair. The Company can be considered for normal
business dealings at usual trade terms and conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.49 |
|
UK Pound |
1 |
Rs.84.21 |
|
Euro |
1 |
Rs.66.33 |
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%)