MIRA
INFORM REPORT
|
Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
UNIVERSAL
TRADERS |
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Registered Office : |
157 - Shah Jamal Colony, Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
1996 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Trading of Chemicals, Dyes and
Pigments, Food Products, Plastic Raw Material, BOPP Films, Industrial
Chemicals |
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 |
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|
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
UNIVERSAL TRADERS
Full Address
|
Registered
Address |
|
157 - Shah Jamal Colony, Lahore, Pakistan |
|
Tel |
92 (42) 7672530,
7672540, 7672520 |
|
Fax |
92 (42) 7651275 |
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Email |
Short Description Of Business
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Nature of Business |
Import & Trading of Chemicals, Dyes & Pigments, Food Products, Plastic
Raw Material, BOPP Films, Industrial Chemicals |
|
Year Established |
1996 |
|
National Tax # |
1362725 |
Branches
29, Circular Road, Lahore,
Pakistan
Legal Status
Subject Company was established as a Proprietorship business in 1996
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Faisal Nawaz Mr. Asim Nawaz |
Pakistani Pakistani |
157
- Shah Jamal Colony, Lahore 157
- Shah Jamal Colony, Lahore |
Business Business |
Proprietor Manager (Import) |
Business Activities
Subject Company is engaged in the business as import & trading of Chemicals, Dyes & Pigments, Food Products, Plastic Raw Material, BOPP Films & Industrial Chemicals.
It purchases against D/A basis.
It sells against Cash / Credit terms.
It’s mainly import from China, India, Thailand, Taiwan, New Zealand, Australia, Italy & U.A.E.
Its major customers are Trading Companies, Retailers, and Industrial Concerns.
Subject operates from caption leased office premises of area measuring 300 Sq.Yards which is situated in residential + commercial area.
Subject employs about 7 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
25,000,000/- (Estimated) |
Trade Suppliers (Foreign)
Various international belongs to China, India, Thailand, Taiwan, New Zealand, Australia, Italy & U.A.E.
Bankers
Habib Metropolitan
Bank Limited, Pakistan.
Bank Alfalah
Limited, Pakistan.
Faysal Bank Limited,
Pakistan.
NIB Bank Limited,
Pakistan.
Memberships
·
Lahore Chamber of Commerce & Industry. (LCCI)
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 1996 and
is engaged in import & trading of
Chemicals, Dyes & Pigments, Food Products, Plastic Raw Material, BOPP
Films, and Industrial Chemicals. Market reputation is satisfactory.
Trade relations are reported as fair. Subject can be considered for normal
business dealings at usual trade terms and conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.23 |
|
UK Pound |
1 |
Rs.80.89 |
|
Euro |
1 |
Rs.63.80 |
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%)