MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
M.Z. INTERNATIONAL |
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Registered Office : |
11/13, Main Ferozepur Road, Lahore, |
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Country : |
Pakistan |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
2001 |
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Com. Reg. No.: |
0724971 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & Trading of Industrial Products |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
M.Z. INTERNATIONAL
Address
Registered Address
11/13, Main Ferozepur Road, Lahore, Pakistan
Tel 92 (42) 7593300, 7592700
Fax 92 (42) 7596700
Email mzintl@cyber.net.pk
Note:
The Company’s address was changed from “47-A,
Bank Square Market, Model Town, Lahore” to “11/13, Main Ferozepur Road, Lahore, Pakistan”.
Short Description Of
Business
Nature of Business Import & Trading of
Industrial Products
Year Established 2001
National Tax # 0724971
Branches
In Karachi & Rawalpindi
Legal Status
Subject Company was established as a
Proprietorship business in 2001
Details of Proprietor
& Management
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Mian Azhar Iqbal Mr. Muhammad Ali Mr. Shahid Ishtiaq |
Pakistani Pakistani Pakistani |
11/13, Main Ferozepur Road, Lahore 11/13, Main Ferozepur Road, Lahore 11/13, Main Ferozepur Road, Lahore |
Trading Business Service Service |
Proprietor Manager (Import) Manager (Sales) |
Associates
A. Subsidiary
None
B. Associated
Companies
Maverick Industries, Pakistan.
Euro One International FZE, U.A.E.
Business Activities
Subject Company is engaged in the business as import & trading of
Industrial Products.
It purchases against L/C, T.T. basis.
It sells against Credit terms.
It’s mainly import from China, Taiwan, U.A.E., U.K. & U.S.A.
Its’ major customers are Traders, Retailers from Karachi, Lahore,
Rawalpindi & Multan.
Subject operates from caption leased office premises which is situated
in commercial area.
Subject employs about 20 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
60,000,000/- (Estimated) |
Agencies (Domestic
& Foreign)
(1) SPEARS, U.S.A.
(2) NAPCO, U.K.
(3) ATLAS, U.A.E.
(4) T.F. PIPES
LIMITED, PAKISTAN.
Bankers
Faysal Bank Limited, Pakistan.
The Bank of Punjab, Pakistan.
Standard Chartered Bank, Pakistan.
NIB Bank Limited, Pakistan.
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
Foreign Exchange
Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 62.90 |
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UK Pound |
1 |
Rs. 123.15 |
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Euro |
1 |
Rs. 91.60 |
Comments
Subject Company was established in 2001 and is engaged in import &
trading of Industrial Products. 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%)