MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMEN BANJ
CORPORATION |
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Registered Office : |
H No. 599-C1, W.E.C.H.S., Gujranwala |
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Country : |
Pakistan |
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Date of Incorporation : |
2004 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Trading of Textile Chemicals, Dyes and Pigments |
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 |
Business Name
AMEN BANJ
CORPORATION
Full Address
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Registered
Address |
|
H No. 599-C1, W.E.C.H.S.,
Gujranwala, Pakistan |
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Tel |
92 (55) 4283351, +923008647454 |
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Fax |
92 (55) 4272751 |
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Email |
Short Description Of Business
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Nature of Business |
Import & Trading of Textile Chemicals,
Dyes & Pigments |
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Year Established |
2004 |
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National Tax # |
2130784 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 2004
Details of Management
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Khurram Sheraz Amen Mr. Faisal Mukhtar |
Pakistani Pakistani |
H
No. 599-C1, W.E.C.H.S., Gujranwala H
No. 599-C1, W.E.C.H.S., Gujranwala |
Business Business |
Proprietor Manager (Import) |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Faisal Brothers, Pakistan.
Business Activities
Subject Company is engaged in import & trading of Textile Chemicals, Dyes & Pigments.
It purchases against D/A basis.
It sells raw materials against Credit Terms.
Its’ major customers are Trading Companies, Indenters, Textile Companies etc.
Subject operates from caption leased office premises of area measuring 875 sq.ft. which is situated in residential + commercial area.
Subject employs about 3 persons in its set up.
Importing Countries
Mainly from India, China & European Countries
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 - 2007 |
8,000,000/-
(Estimated) |
Bankers
Allied Bank Limited, Pakistan.
Faysal Bank Limited, Pakistan.
Bank Alfalah Limited, Pakistan.
MCB Bank Limited, Pakistan.
Memberships
·
Gujranwala Chamber of Commerce & Industry.(GCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 70.70 |
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UK Pound |
1 |
Rs.139.00 |
|
Euro |
1 |
Rs.111.00 |
Comments
Subject Company was established in 2004 and is
engaged in import & trading of Textile Chemicals, Dyes & Pigments. Overall
reputation is normal. Trade relations are reported as fair. The Company can be considered
for normal business dealings at usual trade terms and conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
|
Euro |
1 |
Rs.67.38 |
RATING
EXPLANATIONS
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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 |
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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%)