MIRA
INFORM REPORT
|
Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
R H GANI
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Registered Office : |
574/1, Rampart Row, Near Khori
Garden, Bombay Bazar, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1989 |
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Legal Form : |
Partnership |
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Line of Business : |
Import, Indenting and Trading of Chemicals, Synthetic Rayon, Dyes and
Pigments |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
R H GANI
Full Address
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Registered
Address |
|
574/1, Rampart Row, Near Khori
Garden, Bombay Bazar, Karachi, Pakistan |
|
Tel |
92 (21) 2413638 |
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Fax |
92 (21) 2416951 |
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Email |
Short Description Of Business
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Nature of Business |
Import,
Indenting & Trading of Chemicals, Synthetic Rayon, Dyes & Pigments |
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Year Established |
1989 |
|
National Tax # |
0670567 |
Branches
In Karachi, Lahore & Multan
Legal Status
Subject Company was established as a Partnership business in 1989
Details of Managing Partner /
Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Peer Mohammad Diwan Mr. Abdul
Razzak Diwan Mr. Usman Bilwani |
Pakistani Pakistani Pakistani |
574/1, Rampart Row, Near Khori Garden,
Bombay Bazar, Karachi 574/1, Rampart Row, Near Khori Garden,
Bombay Bazar, Karachi 574/1, Rampart Row, Near Khori Garden,
Bombay Bazar, Karachi |
Business Business Business |
Managing Partner Partner Partner |
Note:
The above mentioned names of all the partners has been obtained from
other sources and we are not sure that these names are totally correct or made some
amendment in Partner’s name. The main reason behind this is that Company is
Partnership business (formed between family members) and they kept all such
information with complete secrecy and not disclose to anyone.
Associated Companies
(1) Gani
& Tayub (Pvt.) Ltd, Pakistan.
(2) Gatron
(Industries) Ltd, Pakistan.
(3) Novatex Limited, Pakistan.
(4) Krystalite Products (Pvt.)
Ltd, Pakistan.
(5) Mushtaq & Co. (Pvt.) Ltd,
Pakistan.
(6) Muskanit Industries,
Pakistan.
(7) Bonanza Garments Industries (Pvt.)
Ltd, Pakistan.
(8) Bonanza Apparel (Pvt.) Ltd,
Pakistan.
(9) Mushtex Weavers, Pakistan.
(10)
Mustaqim Dyeing & Printing Industries (Pvt.) Ltd, Pakistan.
Business Activities
Subject Company is engaged in the business as import, indenting & trading of Chemicals, Synthetic Rayon, Dyes & Pigments.
It purchases raw material against L/C, D/A basis.
It sells against Cash / Credit terms.
It’s mainly import from China, Korea, Singapore, India, U.K., Korea, Thailand.
Its major customers are Associated Companies, Trading Companies, Manufacturing Concerns etc.
Subject operates from caption leased shop premises of area measuring 2,000 Sq.ft., which is situated in commercial market in Jodia Bazar.
Subject employs about 8 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
80,000,000/- (Estimated) |
Trade Suppliers (Foreign)
ZHAOZHUANG FENGYUAN
CHEMICAL CO. LTD, CHINA.
INNER MONGOLIA YILI
SCIENCE AND TECHNOLOGY IND. CO, CHINA.
SAUDI BASIC INDUSTRIES CORPORATION,
SAUDI ARABIA.
(4) NATIONAL PETROCHEMICAL, SAUDI ARABIA.
Bankers
Habib
Metropolitan Bank Limited, Pakistan.
Habib
Bank Limited, Pakistan.
Bank
Alfalah Limited, Pakistan.
ABN
AMRO Bank, Pakistan.
Faysal
Bank Limited, Pakistan.
Standard
Chartered Bank, Pakistan.
Memberships
·
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 67.70 |
|
UK Pound |
1 |
Rs. 131.45 |
|
Euro |
1 |
Rs. 104.20 |
Comments
Subject Company
was established in 1989 and is engaged in import, indenting & trading of Chemicals, Synthetic Rayon,
Dyes & Pigments. Group reputation is good in the local businesses. 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 |
|
|
>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%)