MIRA
INFORM REPORT
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Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAILY JURRAT |
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Registered Office : |
Tijarat House,14 Abbott Road, Lahore, |
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Country : |
Pakistan |
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Date of Incorporation : |
1971 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in Publishing of Newspaper, Magazines & Articles |
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
DAILY JURAT
Address
Registered
Address
Tijarat House,14 Abbott Road, Lahore,
Pakistan
Tel 92
(42) 6312429, 6375697, 6312462
Fax 92 (42) 6362767
Email dailyjurat2003@yahoo.com
Short Description Of Business
Nature of Business Engaged in Publishing of
Newspaper, Magazines & Articles
Year Established 1971
National Tax # 1032161
Branches
In Karachi, Lahore & Rawalpindi
Legal Status
Subject Company was established as a
Proprietorship Business in 1971
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Jamil Athar |
Pakistani |
Tijarat House,14 Abbott Road, Lahore |
Business |
Proprietor |
Associates
Subsidiary
None
Associated
Companies
Daily Tijarat, Pakistan.
Women Times, Pakistan.
The Business, Pakistan.
Jurat International, Pakistan.
Business Activities
(1) Subject Company was engaged in Publishing of Newspaper, Magazines
& Articles. Also engaged in import of Papers, Paper Machinery.
(2) Its Purchases against L/C,
D/A basis.
(3) Its major customers are
Individuals, Distributors located in all major cities of Pakistan.
(4) Its mainly import from
Europe.
(5) Subject operates from
caption leased office premises of area measuring 1,000 Sq Yard which is
situated in commercial Road.
(6) Subject employs about 60 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
40,000,000/- (Estimated) |
Bankers
(1) MCB Bank Limited, Pakistan.
(2) Habib Metropolitan Bank Limited, Pakistan.
(3) Bank Alfalah Limited, Pakistan.
(4) Soneri 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 |
Profile Of Owner
Mr. Jamil Ather, Editor-in-Chief Executive, Daily Tijarat, Daily Jurat,
the Business and Jurat International Weekly, started career as a newspaper hawker,
agent and correspondent in 1955. Worked for Daily Zamindar, Daily Afaq, Daily
Tasnim Daily Gharib, Daily Safeena, Daily Maghribi Pakistan, Daily Awam, Daily
Kohistan, Daily Imroz, The Pakistan Times, The Civil and Military Gazette,
Weekly Janbaaz (Gojra), Weekly Amn (Gojra), Daily Afaq Lyallpur, Nawa-e-Waqt
Lyallpur/Lahore, Al-Mimber Weekly and Monthly Rehnuma-e-Sehat, Weekly Wifaq
Lyllpur, Daily Nawa-e-Waqt Lahore, Nawa-e-Waqt Multan and Edited Wifaq
Converted Wifaq from Weekly to Daily and worked as Executive Editor from
December 1959 to August 1980. Started Weekly Khidmat and Weekly Zindagi from
Lahore in 1971 converted Khidmat into Tijarat and started its publication from
Gujranwala afterwards from Lahore, Sargodha and Quetta. Launched and edited
Daily Jurat Lahore, Rawalpindi and Muzaffarabad (A.K) in 1983. He worked in the
Executive of APNS and Standing Committee of CPNE since 1980 to date. He was
elected General Secretary of CPNE of CPNE in 1992, re-elected in 1993 and 1995
also elected Senior Vice President. He has served APNS as Senior Vice President
1996 and Vice-President APNS in October 1996. He also served as Senior Vice
President APNS for 1999-2001. Presently he is Senior Vice President of APNS for
the year 2007-8.
Comments
Subject Company was established in 1971 and is engaged in
Publishing of Newspaper, Magazines & Articles. Also engaged in import of
Papers, Paper Machinery. Overall 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%)