MIRA
INFORM REPORT
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Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
PARAMOUNT CORPORATION |
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Registered Office : |
15, Qadri Chambers, 5 - Mcleod Road, Lahore, |
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Country : |
Pakistan |
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Date of Incorporation : |
1992 |
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Legal Form : |
Partnership |
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Line of Business : |
Import & Trading of Coated Art Paper, Coated Duplex Board, Paper
Machinery |
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
PARAMOUNT CORPORATION
Address
Registered
Address
315, Qadri Chambers, 5 - Mcleod Road,
Lahore, Pakistan
Tel 92 (42) 7352810
Fax 92 (42) 7223157
Short Description Of Business
Nature of
Business Engaged in Import &
Trading of Coated Art Paper, Coated Duplex Board, Paper Machinery
Year
Established 1992
National Tax
# 2137629
Branches
None
Legal Status
Subject Company was established as a
Partnership Business in 1992
Details of Management
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Anees Ahmad Siddiqui Mr. Khurram Siddiqui |
Pakistani Pakistani |
315, Qadri Chambers, 5 - Mcleod Road,
Lahore 315, Qadri Chambers, 5 - Mcleod Road,
Lahore |
Business Business |
Managing Partner Partner |
Associates
Subsidiary
None
Associated
Companies
(1) KLK Enterprises, Pakistan.
Business Activities
(1) Subject Company is engaged in the business as import & trading
of Coated Art Paper, Coated Duplex Board, Paper Machinery etc.
(2) Its Purchases against L/C
basis.
(3) Its major customers are
Traders, Retailers etc.
(4) Its mainly import from Australia
& Russia.
(5) Subject operates from
caption leased office premises of area measuring 700 Sq ft which is situated in
commercial centre.
(6) Subject employs about 4 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
|
2006 |
25,000,000/- (Estimated) |
Bankers
(1) Bank Alfalah Limited, Pakistan.
(2) Standard Chartered Bank, Pakistan.
(3) Soneri bank Limited, Pakistan.
(4) Askari Commercial Bank Limited, Pakistan.
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 62.70 |
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UK Pound |
1 |
Rs. 122.50 |
|
Euro |
1 |
Rs. 91.45 |
Comments
Subject Company was established in 1992 and is engaged in
import & trading of Coated Art Paper, Coated Duplex Board, Paper Machinery
etc. 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%)