MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
MUHAMMAD SHAUKAT & BROTHERS |
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Registered Office : |
1st Floor, Qasar-E-Zaiba, M.R. 4/11, Ali Akbar Street, Acchi Qabar,
Mithadar, Karachi |
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Country : |
Pakistan |
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Year of Establishment : |
2002 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Trading of Tea |
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
MUHAMMAD SHAUKAT & BROTHERS
Full Address
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Registered
Address |
|
1st Floor, Qasar-E-Zaiba, M.R. 4/11, Ali Akbar Street, Acchi Qabar,
Mithadar, Karachi, Pakistan |
Short Description Of Business
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Nature of Business |
Engaged in
Import & Trading of Tea |
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Year Established |
2002 |
Legal Status
Subject Company was established as a Proprietorship
business in 2002
Details of Management
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Names |
Address |
Occupation |
Designation |
|
Mr. Saima Javaid Mr. Muhammad Javaid |
1st Floor,
Qasar-E-Zaiba, M.R. 4/11, Ali Akbar Street, Acchi Qabar, Mithadar, Karachi 1st Floor, Qasar-E-Zaiba,
M.R. 4/11, Ali Akbar Street, Acchi Qabar, Mithadar, Karachi |
Business Business |
Proprietor Manager |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Product/Services
Engaged in Import
& Trading of Tea.
Number of Employees
1
Annual Sales Volume (In Pak
Rupees)
PKR 3,000,000/- (Estimated).
Agencies (Local and foreign)
Not Disclosed by the Proprietor
Customers
Mainly Retailers, Individuals located in
Karachi
Bankers
(1) Habib
Metropolitan Bank Ltd, Pakistan
Observations Noticed During Our Visit
We visited the office of the concern where
following observations were made:
(1) Name Board of the
Company could not be sighted at the time of our visit.
(2) The concern’s office is
difficult to locate.
(3) Subject is located in a
commercial area.
(4) Items such as Telephones could not be
seen at the concern’s shops.
(5) Subject office is not
properly maintained.
Subject operates from caption office
premises of area measuring 530 Sq. fts, which is located in commercial area.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 78.20 |
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UK Pound |
1 |
Rs. 112.50 |
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Euro |
1 |
Rs. 97.20 |
Comments
Company looks very small sized and it seems that the main business of
the company is trading. From market sources no information is being made
available, as the company has not enough presence in the market. As per our
observation, Company is not very active in the business circle. Trade relations
are not known. Therefore we do not recommend conducting any business activity
with the subject Company.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
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%)