MIRA
INFORM REPORT
|
Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
KANWAL TRADING
COMPANY |
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Registered Office : |
Office No. 701, 7th Floor Hussain Trade Centre Altaf
Hussain Road, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import, Export and Trading of Pulses, Spices, Herbs, Rice, Dry Fruits,
Oil Seeds, Onion and Potatoes |
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 |
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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
KANWAL TRADING COMPANY
Full Address
|
Registered
Address |
|
Office No. 701, 7th Floor Hussain Trade Centre Altaf Hussain
Road, Karachi, Pakistan |
|
Tel |
92 (21) 2216331 - 33 (3 Lines) |
|
Fax |
92 (21) 2216334 |
|
Website |
Short Description Of Business
|
Nature of Business |
Import, Export & trading of Pulses,
Spices, Herbs, Rice, Dry Fruits, Oil Seeds, Onion & Potatoes |
|
Year Established |
2000 |
|
National Tax # |
0231948 |
Branches
Shah Bux Market, Anaj Mandi,
Hyderabad, Pakistan
Mills Location
Hyderabad
Plot No. F-4, S.I.T.E., Kotri
District, Jamshoro, Sindh,
Pakistan
Legal Status
Subject Company was established as a Proprietorship business in 2000
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Gopal Khamuani Mr. Bharat Kumar Manglani |
Pakistani Pakistani |
Office No. 701, 7th Floor Hussain Trade Centre Altaf
Hussain Road, Karachi Office No. 701, 7th Floor Hussain Trade Centre Altaf
Hussain Road, Karachi |
Trading Business Trading Business |
Proprietor Manager (Import) |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Akal International, Pakistan
(2) White House Securities Pvt
Ltd, Pakistan.
(3) Kanwal Industries, Pakistan.
(4) R.K. Commission Shop, Pakistan.
Business Activities
(1) Subject Company is engaged in import, export & trading of Pulses, Spices, Herbs, Rice, Dry Fruits, Oil Seeds, Onion & Potatoes.
(3) It purchases against L/C, D/A basis
(4) It accepts payments against L/C in case of export.
(4) It sells against cash / credit terms to its local customers.
(5) Its’ major customers are Trading Companies, Distributors, Retailers etc.
(6) Subject operates from caption leased office premises of area measuring 560 Sq ft, which is situated in commercial building.
(7) Subject employs about 65 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 - 2007 |
100,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
JAWAHAR EXPORTS, INDIA.
VARDHMAN EXPORTS, INDIA.
(3) SHEETAL INDUSTRIES, INDIA.
(4) GOLDEN HARVEST CO. LIMITED, YANGOON.
Exporting Countries
Mainly to India, Sri Lanka, U.A.E. and Gulf.
Importing Countries
Mainly from India, Yangoon, China, Australia, Canada, Tanzania,
Bulgaria, Russia.
Bankers
Askari Commercial Bank Ltd, Pakistan.
Habib Metropolitan Bank Limited, Pakistan.
Faysal Bank Limited, Pakistan.
Meezan Bank Limited, Pakistan.
Bank Alfalah Limited, Pakistan.
Memberships
·
Karachi Chamber of Commerce & Industry. (KCCI)
·
Hyderabad Chamber of Commerce & Industry.
(HCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee
|
|
US Dollar |
1 |
Rs. 73.40 |
|
UK Pound |
1 |
Rs. 141.00 |
|
Euro |
1 |
Rs. 111.00 |
Comments
Subject Company was established in 2000 and is engaged in import, export
& trading of Pulses, Spices, Herbs, Rice, Dry Fruits, Oil Seeds, Onion
& Potatoes. Market reputation is good. Trade relations are reported as fair. 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.42.20 |
|
UK Pound |
1 |
Rs.81.48 |
|
Euro |
1 |
Rs.64.27 |
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%)