MIRA
INFORM REPORT
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Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
KHALID IMPEX |
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Registered Office : |
Ground Floor, Al-Faisal
Plaza, Bengali Street, Ganpat Road, Lahore, |
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Country : |
Pakistan |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & Trading of Paper & Paper Board |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
KHALID IMPEX
Address
Registered
Address
Ground Floor, Al-Faisal Plaza, Bengali
Street, Ganpat Road, Lahore, Pakistan
Tel 92 (42) 7249644, 7350715
Fax 92 (42) 7215445
Email khalidimpex2222@yahoo.com
Short Description Of Business
Nature of Business Engaged in Import &
Trading of Paper & Paper Board
Year Established 1993
National Tax # 1366807
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 1993
Details of Proprietor
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Khalid Mehmood Mr. Safdar Hussain |
Pakistani Pakistani |
Ground Floor, Al-Faisal Plaza, Bengali Street, Ganpat Road, Lahore Ground Floor, Al-Faisal Plaza, Bengali Street, Ganpat Road, Lahore |
Business Business |
Proprietor Manager (Import) |
Associates
A. Subsidiary
None
B. Associated Companies
- Do
-
Business Activities
(1) Subject Company is engaged in the business as import & trading
of Paper & Paper Board.
(2) Its Purchases against L/C
basis.
(3) Its major customers are Traders,
Retailers etc.
(4) Its mainly import from
European Countries.
(5) Subject operates from
caption leased shop premises of area measuring 900 Sq ft which is situated in
commercial area.
(6) Subject employs about 5 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
20,000,000/- (Estimated) |
Bankers
(1) Faysal Bank Limited, Pakistan.
(2) MCB Bank Limited, Pakistan.
(3) Habib Bank Limited, Pakistan.
(4) Bank Alfalah 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 Company was established in 1993 and is engaged in
import & trading of Paper & Paper Board. 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%)