MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
RWAYS LOGISTICS
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Registered Office : |
Suite No. 404, 4th Floor, Rimpa
Plaza, M.A. Jinnah Road, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
2001 |
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Com. Reg. No.: |
3085938 |
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Legal Form : |
Partnership |
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Line of Business : |
Freight Forwarding business |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
RWAYS LOGISTICS
Full Address
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Registered
Address |
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Suite No. 404, 4th Floor, Rimpa
Plaza, M.A. Jinnah Road, Karachi, Pakistan |
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Tel |
92 (21) 2736091, 2736092, 7816536 |
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Fax |
92 (21) 2736092 |
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Email |
Short Description Of Business
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Nature of Business |
Freight Forwarding
business |
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Year Established |
2001 |
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Registration # |
3085938 |
Branches
In Lahore & U.A.E.
Legal Status
Subject Company was established as Partnership business in 2001
Details of Managing Partner /
Partners
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Names |
Address |
Occupation |
Designation |
|
Mr. Muhammad Shahid Mr. Muhammad Adil |
Suite No. 404, 4th
Floor, Rimpa Plaza, M.A. Jinnah Road, Karachi Suite No. 404, 4th
Floor, Rimpa Plaza, M.A. Jinnah Road, Karachi |
Business Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Services
International
freight forwarding (Air + Sea), Customs Brokerage & Warehousing
Number of Employees
16
Annual Revenue
|
Year |
In Pak Rupees |
|
2006 |
8,000,000/-
(Estimated) |
Customers
Various Local including Private Companies,
Import / Export Companies, Manufacturers etc
Bankers
Habib Bank Limited, Pakistan.
Standard Chartered Bank (Pakistan) Limited.
KASB Bank Limited, Pakistan.
Soneri Bank Limited, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 76.50 |
|
UK Pound |
1 |
Rs. 141.50 |
|
Euro |
1 |
Rs. 112.40 |
Comments
Subject Company was established in 2001 and is engaged in providing
services related to freight forwarding. Rways
Logistics is a fully licensed company having all required approvals by the
Government of Pakistan. Subject can be considered for moderate business
engagements at usual terms and conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
|
Euro |
1 |
Rs.63.80 |
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%)