MIRA
INFORM REPORT
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Report Date : |
22.12.2008 |
IDENTIFICATION DETAILS
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Name : |
QAZI & CO. |
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Registered Office : |
Shop # 7, Shahalam
Hotel, Shahalam Chowk, |
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Country : |
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Year of Establishment : |
1995 |
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Legal Form : |
Partnership |
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Line of Business : |
Import and |
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
QAZI & CO.
Full Address
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Registered Address |
|
Shop # 7, Shahalam
Hotel, Shahalam Chowk, |
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Tel |
92 (42) 7351806,
7351618, 7656993 |
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Fax |
92 (42) 7656993 |
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Short Description Of Business
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Nature of Business |
Import & Sale of Synthetic Rubber |
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Year Established |
1995 |
Branches
None
Legal Status
Subject Company was established as a Partnership business in 1995
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Faisal Ghafoor S/o Abdul Ghafoor Qazi Mr. Amir Ghafoor S/o Abdul Ghafoor Qazi |
Pakistani Pakistani |
Shop-7 Shahlam I/Side Chowk, Shop-7 Shahlam I/Side Chowk, |
Business Business |
Managing Partner Partner |
Number of Employees
4
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
30,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
Various Companies belongs to
Customers
Mainly Private
Companies, Trading Companies etc
Bankers
MCB Bank Limited,
Bank Alfalah
Limited,
Habib Bank Limited,
Askari Commercial
Bank Limited,
Memberships
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 79.00 |
|
|
1 |
Rs. 119.10 |
|
Euro |
1 |
Rs. 110.60 |
Comments
Subject Company was
established in 1995 and is engaged in import & local sale of Synthetic
Rubber in
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.39 |
|
|
1 |
Rs.70.65 |
|
Euro |
1 |
Rs.66.33 |
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%)