MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HUMAIRA INTERNATIONAL TRADING
COMPANY
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Registered Office : |
Office No. 12, 2nd Floor Four Square Mall, Tariq Road, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
2001 |
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Legal Form : |
Proprietorship |
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Line of Business : |
General Trading Company, engaged in Import and Trading of Food
Products, Vegetables, Textile Products |
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
HUMAIRA
INTERNATIONAL TRADING COMPANY
Full Address
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Registered
Address |
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Office No. 12, 2nd Floor Four Square Mall, Tariq Road,
Karachi, Pakistan |
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Tel |
+923232167587, +923222809773 |
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Fax |
92 (21) 5206813 |
Short Description Of Business
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Nature
of Business |
General
trading company, engaged in import & trading of Food Products,
Vegetables, Textile Products |
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Year
Established |
2001 |
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National
Tax # |
3046758 |
Legal Status
Subject Company was established as a
Proprietorship business in 2001
Details of Proprietor
|
Names |
Address |
Occupation |
Designation |
|
Mr. Muhammad Zaheer |
Office No. 12, 2nd
Floor Four Square Mall, Tariq Road, Karachi |
Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Product/Services
General trading company, engaged in import & trading of
Food Products, Vegetables, Textile Products
Number of Employees
2
Annual Sales Volume (In Pak
Rupees)
PKR 3,000,000/- (Estimated).
Agencies (Local and foreign)
Very few at present
Customers
Mainly Retailers, Individuals located in
Karachi
Bankers
MCB Bank Limited,
Pakistan.
(2) Allied Bank
Limited, Pakistan
Observation Noticed During Our Visit
We visited the office of the concern where following
observations were made:
(1) Name Board of the
Company could not be sighted at the time of our visit.
(2) The concern’s office is
very difficult to locate.
(3) Subject is located in a
commercial area of Tariq Road in Karachi.
(4) Items such as Telephones could not be
seen at the concern’s office.
(5) Subject owner visited his office on
alternate days and his reputation is not good in the local business
Subject operates from caption office
premises of area measuring 500 Sq. fts, which is located in commercial area.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 68.10 |
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UK Pound |
1 |
Rs. 132.75 |
|
Euro |
1 |
Rs. 104.95 |
Comments
Subject is basically general trading Company
engaged in import & trading of Food Products, Vegetables, Textile Products.
Trade relations are not known. Company
is not well known in the local businesses. Subject can therefore be
ignored for any kind of business dealings.
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%)