MIRA INFORM REPORT
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Report Date : |
24.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
RBL INTERNATIONAL |
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Registered Office : |
Virjee Street Jodia Bazar, Karachi |
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Country : |
Pakistan |
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Year of Establishment : |
1970 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import & Trading of Fried Onion, All Kind of Paste, Spices, Dry
Fruits, Pickles, Pulses, Dehydrated Products |
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 |
Business Name
RBL INTERNATIONAL
Full Address
Registered
Address
Virjee Street Jodia Bazar, Karachi Pakistan
Tel 92 (21) 2436363, 2441719
Fax 92 (21) 2436365
Email rbl@khi.compol.com
Short Description Of Business
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a. |
Nature of Business |
Import & Trading of Fried Onion, All
Kind of Paste, Spices, Dry fruits, Pickles, Pulses, Dehydrated Products |
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b. |
Year Established |
1970 |
Branches
Mr 5/110, Raees Ashraf
Tar Mohammad Street,
Jodia Bazar, Karachi,
Pakistan
Legal Status
Subject Company was established as a Proprietorship business in 1970
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Shahid Wahab |
Pakistani |
Mr
5/110, Raees Ashraf Tar Mohammad Street, Jodia Bazar, Karachi |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated
Companies
None
Business Activities
(1) Subject Company is engaged in import and trading of Fried Onion, All Kind of Paste, Spices, Dry fruits, Pickles, Pulses, Dehydrated Products.
(2) It purchases against L/C, D/A basis
(3) It sells against cash / credit terms.
(4) Its mainly import from India, Ukraine, Australia, China, Canada, Vietnam
(4) Its’ major customers are Individuals, Distributors, Retailers etc.
(6) Subject operates from caption leased shop premises of area measuring 800 Sq ft, which is situated in commercial area.
(7) Subject employs about 7 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
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2006 |
45,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
Subject represent some Companies belongs to India, Canada, Australia, Vietnam & China.
Bankers
· Meezan Bank Limited, Pakistan.
· Bank Al-Habib Limited, Pakistan.
· Bank Alfalah Limited, Pakistan.
· Soneri Bank Limited, Pakistan.
Memberships
· Karachi Chamber of Commerce & Industry. (KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
PAKISTANI RUPEE |
|
US Dollar |
1 |
Rs. 71.60 |
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UK Pound |
1 |
Rs. 142.80 |
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Euro |
1 |
Rs. 113.40 |
Comments
Subject Company was established in 1970 and is engaged in import &
trading of Fried Onion, All kind of Paste, Spices, Dry fruits, Pickles, Pulses,
Dehydrated Products. 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.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 41.96 |
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UK Pound |
1 |
Rs.83.78 |
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Euro |
1 |
Rs.65.82 |
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%)