MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
WINTEX TRADING CO |
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Registered Office : |
Ground Floor, Yousuf Mazil, Abdukl Rehman Street, Jodia Bazar, Karachi |
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Country : |
Pakistan |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Trading of Dyes and pigments, Industrial Chemicals and
Textile Chemicals, |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
company Name
WINTEX TRADING CO.
Address
Registered Address
Ground Floor, Yousuf Manzil, Abdul Rehman Street, Jodia Bazar, Karachi, Pakistan
Tel 92 (21)
2413416, 2411308
Fax 92 (21)
2426197
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E-mail : |
Short Description Of
Business
Nature of Business Import & Trading of Dyes & Pigments, Industrial Chemicals & Textile Chemicals
Year Established 1993
National Tax # 1440306
Branches
In Lahore at present
Legal Status
Subject Concern was established as a Proprietorship business in 1993
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Talha Rashid |
Pakistani |
Ground Floor, Yousuf Manzil, Abdul Rehman Street Jodia Bazar, Karachi |
Trading Business |
Proprietor |
Associates
Subsidiary
None
Associated Companies
v M/S A. Rashid & Co., Pakistan.
v K.R. Traders, Pakistan.
Business Activities
v Subject Concern is engaged in the business as import & trading of Dyes & Pigments, Industrial Chemicals & Textile Chemicals.
v It purchases against L/C, T.T. basis.
v It sells against Cash / Credit terms.
v It’s mainly import from China, India & European Countries.
v Its’ major customers are Traders, Textile Companies, Industrial Concerns etc.
v Subject operates from caption leased shop premises of area measuring 1,100 sq.ft. which is situated in commercial area.
v Subject employs about 6 persons in its set up.
Trade Suppliers
(Foreign)
(1) JAY CHEMICAL INDUSTRIES LTD, INDIA.
(2) THAI AMBICA CHEMICALS CO. LTD. THAILAND.
(3) ALVA CHEMICAL COMPANY, THAILAND.
Annual Sales Volume
Year In Pak Rupees
2006 25,000,000/- (Estimated)
Bankers
v Bank Alfalah Limited, Pakistan.
v Habib Bank Limited, Pakistan.
v Meezan Bank Limited, Pakistan.
v Soneri Bank Limited, Pakistan.
Memberships
· Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 62.30 |
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UK Pound |
1 |
Rs. 124.40 |
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Euro |
1 |
Rs. 92.85 |
Comments
Subject Concern was established in 1993
and is engaged in import & trading of Dyes & Pigments, Industrial
Chemicals & Textile Chemicals. Market reputation is satisfactory. Trade
relations are reported as fair. The Company can be considered for normal
business dealings at usual trade terms and conditions.
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%)