MIRA
INFORM REPORT
|
Report Date : |
17.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PARADISE BOOKS & DISTRIBUTORS |
|
|
|
|
Registered Office : |
Paradise House,
79-N, Block-2, Off Khalid Bin Waleed Road, P.E.C.H.S., Karachi |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
1980 |
|
|
|
|
Com. Reg. No.: |
1139097 |
|
|
|
|
Legal Form : |
Partnership Business |
|
|
|
|
Line of Business : |
Engaged in Distribution & Sale of
International Books & Magazines |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Business Name
PARADISE BOOKS
& DISTRIBUTORS
Full Address
Registered
Address
Paradise House,
79-N, Block-2, Off Khalid Bin Waleed Road, P.E.C.H.S., Karachi, Pakistan
Tel 92 (21) 4314981, 4314982, 4314983
Fax 92 (21) 4385075
Email mnajeeb@paradisebooks.com.pk
Short Description Of
Business
Nature of Business Book Sellers.
Year Established 1980
Registration # 1139097
Branches
Subject has 14 book stores in all over
Pakistan
Legal Status
Subject Company was established as a
Partnership business in 1980
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Shaukat Ali Mr. Muhammad Najeeb Mr. Liaquat Ali Mr. Abdul Karim |
Pakistani Pakistani Pakistani Pakistani |
Paradise House, 79-N, Block-2, Off Khalid Bin Waleed Road, P.E.C.H.S.,
Karachi Paradise House, 79-N, Block-2, Off Khalid Bin Waleed Road, P.E.C.H.S.,
Karachi Paradise House, 79-N, Block-2, Off Khalid Bin Waleed Road, P.E.C.H.S.,
Karachi Paradise House, 79-N, Block-2, Off Khalid Bin Waleed Road, P.E.C.H.S.,
Karachi |
Trading business Business Business Business |
Managing Partner Partner Partner Partner |
Associates
SUBSIDIARY
None
ASSOCIATED COMPANIES
Interglobe Traders Pakistan.
Products / Services
Engaged in distribution & sale of international books & magazines
Number of Employees
50 – 70
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
60,000,000/-(Estimated) |
Agencies (Foreign)
Subject represents more than 20
Foreign Publication Houses all over the world
Customers
Many Private Institutions, Public
Universities, Libraries etc.
Bankers
MCB Bank Limited Pakistan.
Askari Commercial Bank Limited Pakistan.
Standard Chartered Bank Pakistan.
Habib Metropolitan Bank Limited Pakistan.
Habib Bank Limited Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange
Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 62.50 |
|
UK Pound |
1 |
Rs. 122.30 |
|
Euro |
1 |
Rs.
92.40 |
Comments
Subject Company was established in 1980 and is engaged in distribution
& sale of international as well as local books. The office set-up (Head
Office) is good looking and staff employed is reasonably skilled. Trade
relations are reported as fair. The Company can be considered for normal
business dealings at usual trade terms and conditions.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)