MIRA
INFORM REPORT
|
Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AFSHAN MONTHLY |
|
|
|
|
Registered Office : |
16-Dilghusha Building, Khushal Das Street, Karachi |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
1988 |
|
|
|
|
Legal Form : |
Sole Proprietory |
|
|
|
|
Line of Business : |
Engaged in Publishing of Magazines |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Business Name
AFSHAN MONTHLY
Full Address
|
Registered
Address |
|
16-Dilghusha Building, Khushal Das Street, Karachi, Pakistan |
|
Tel |
92 (21) 2216504 |
|
Fax |
92 (21) 2216504 |
Short Description Of Business
|
Nature of Business |
Engaged in Publishing of Magazines |
|
Year Established |
1988 |
|
National Tax # |
0685529 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 1988
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mrs. Afshan Mushir Mr. Manshad Baig |
Pakistani Pakistani |
16-Dilghusha Building,
Khushal Das Street, Karachi 16-Dilghusha
Building, Khushal Das Street, Karachi |
Business Business |
Proprietor Manager (Sales) |
Associates
A. Subsidiary
None
B. Associated
Companies
- Do
-
Business Activities
(1) Subject Company is engaged in Publishing of Magazines.
(2) Its major customers are Distributors located in Karachi.
(4) Subject is not involved in any import activity.
(5) Subject operates from caption leased office premises of area measuring 600 Sq ft which is situated in commercial area.
(6) Subject employs 6 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
2,000,000/-
(Estimated) |
Bankers
Habib Bank Limited, Pakistan.
United Bank Limited, Pakistan.
Allied Bank Limited, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 62.70 |
|
UK Pound |
1 |
Rs. 122.50 |
|
Euro |
1 |
Rs. 91.45 |
Comments
Subject is a small
publishing house engaged in publishing of Magazines. Market reputation is
satisfactory. Trade relations are reported as fair. Subject can be considered
for small business dealing 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%)