MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
TMD INTERNATIONAL INC |
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Registered Office : |
Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society,
Block-7/8, Shahrah-e-Faisal, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1994 |
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Legal Form : |
Partnership |
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Line of Business : |
Import & Trading of Machine Tools & Workshop Equipment, Engineering Equipment, Welding Equipment & Machineries, Welding Rods, Welding Safety Equipment, Welding Electrodes. |
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 |
Business Name
TMD INTERNATIONAL INC.
Full Address
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Registered Address |
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Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society,
Block-7/8, Shahrah-e-Faisal, Karachi, Pakistan |
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Tel |
92 (21) 4537767, 4537766 |
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Fax |
92 (21) 4537768 |
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Short Description Of Business
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Nature of Business |
Import & Trading business |
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Year Established |
1994 |
Branches
In Lahore & Rawalpindi
Legal Status
Subject Concern was established as a Partnership business in 1994
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Syed Talha Kirmani Mr. Syed Salahuddin |
Pakistani Pakistani |
Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society, Block-7/8, Shahrah-e-Faisal, Karachi Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society,
Block-7/8, Shahrah-e-Faisal, Karachi |
Trading Business Trading Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Subject Concern is engaged in the business as import & trading of Machine Tools & Workshop Equipment, Engineering Equipment, Welding Equipment & Machineries, Welding Rods, Welding Safety Equipment, Welding Electrodes.
It purchases against L/C, D/A basis.
It sells against Cash / Credit terms.
It’s mainly import from China, U.K., Japan, Germany, Italy, U.S.A. & U.K.
Its’ major customers are Engineering Companies, Manufacturing Concerns etc.
Subject operates from caption leased office premises of area measuring 1,300 sq.ft. which is situated in commercial plaza.
Subject employs about 25 persons in its set up.
Trade Suppliers (Foreign)
(1) WELDCRAFT, U.S.A.
(2) TANAKA, JAPAN.
(3) GENSET S.P.A., ITALY.
(4) THERMADINE HOLDINGS CORPORATION, U.S.A.
(5) HYUNDAI WELDING CO. LTD, KOREA.
(6) BÖHLER WELDING, GERMANY.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
100,000,000/- (Estimated) |
Bankers
Bank Alfalah Limited, Pakistan.
Standard Chartered Bank, Pakistan.
NIB Bank Limited, Pakistan.
Citibank N.A., Pakistan.
Askari Commercial Bank Limited, Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
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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 Company was established in 1994 and is engaged in
import & trading of Machine Tools & Workshop Equipment, Engineering
Equipment, Welding Equipment & Machineries, Welding Rods, Welding Safety
Equipment, Welding Electrodes. Market reputation is good. 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%)