MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
NEW KOHISTAN DALL MILLS |
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Registered Office : |
Suite # 1, 1st Floor, Byculla Mansion, New
Challi, Karachi |
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Country : |
Pakistan |
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Year of Establishment : |
1995 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Processing and Local Sale of Pulses. Also engaged in
Import and Trading of all type of Commodities |
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
NEW KOHISTAN DALL MILLS
Full Address
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Registered Address |
|
Suite # 1, 1st
Floor, Byculla Mansion, New Challi, Karachi, Pakistan |
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Tel |
92 (21) 2424275,
2424286 |
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Fax |
92 (21) 8356535 |
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Short Description Of Business
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Nature of Business |
Engaged in Processing & local sale
of Pulses. Also engaged in import & trading of all type of Commodities |
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Year Established |
1995 |
Factory Location
Factory is located at Industrial Estate in Hyderabad
Legal Status
Subject Company was established as a Proprietorship business in 1995
Details of Management
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Jeevat Ram Mr. Kishan Chand |
Pakistani Pakistani |
Suite # 1, 1st
Floor, Byculla Mansion, New Challi, Karachi Suite # 1, 1st
Floor, Byculla Mansion, New Challi, Karachi |
Business Business |
Proprietor Manager (Import) |
Business Activities
Subject Company is engaged in the business as Processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities.
It purchases against L/C, D/A basis.
It sells against Cash / Credit terms to its local customers.
It’s mainly import from Canada, Austria, India, Vietnam, Burma & Ukraine.
Its major customers are Food Companies, Retailers, Trading Companies etc.
Subject operates from caption leased office premises of area measuring 600 Sq.ft. which is situated in commercial area.
Subject employs about 50 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2007 |
80,000,000/- (Estimated) |
Annual Production Volume
8000 M-Tons Pulses per annum
Trade Suppliers (Foreign)
- SWINA INTERNATIONAL, SINGAPORE.
- GOLDEN HARVEST, AUSTRALIA.
- FINORA, CANADA.
- NOBLE GRAIN, CHINA.
- PARKAS OVERSEAS, INDIA.
- OLAM INTERNATIONAL, TANZANIA.
- ARPIT AGRO INDUSTRIES (PVT) LIMITED, INDIA.
- JAISREE IMPEX (PTE) LIMITED, SINGAPORE.
Bankers
- Habib
Metropolitan Bank Ltd, Pakistan.
- Bank Alfalah Limited, Pakistan.
- Faysal Bank Limited, Pakistan.
- Meezan Bank Limited, Pakistan.
Memberships
· Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 78.20 |
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UK Pound |
1 |
Rs. 112.50 |
|
Euro |
1 |
Rs. 97.20 |
Comments
Subject Company was established in 1995 and is engaged in processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities. 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.47.82 |
|
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%)