MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHAPPAL TRADERS |
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Registered Office : |
Room
No 23, 4th Floor, Arkay Square (Ext), New Challi, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1970 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import
and Export of Rice, Wheat, Flours, Pulses, Spices, Herbs, Vegetables, Dates,
Honey and Other Agro Commodities |
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
CHAPPAL TRADERS
Full Address
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Registered Address |
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Room
No 23, 4th Floor, Arkay Square (Ext), New Challi, Karachi, Pakistan |
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Tel |
92 (21) 2420707,
2401814, 2415575 |
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Fax |
92 (21) 2420760 |
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Email |
Short Description Of Business
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Nature of Business |
Engaged in Import & Export of Rice, Wheat, Flours, Pulses,
Spices, Herbs, Vegetables, Dates, Honey and Other Agro Commodities |
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Year Established |
1970 |
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National Tax # |
0270773 |
Branches
In Lahore & Rawalpindi
Legal Status
Subject Company was established
as a Proprietorship business in 1970
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Haji Abdul
Rauf |
Pakistani |
Room No 23, 4th Floor, Arkay
Square (Ext), New Challi, Karachi |
Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
(1) Subject Company was engaged in the business as import & export of Rice, Wheat, Flours, Pulses, Spices, Herbs, Vegetables, Dates, Honey and Other Agro Commodities.
(2) Its Purchases against L/C, D/A basis.
(3) Its major customers are Traders, Retailers, Food Companies etc.
(4) Its mainly import from India, China, Vietnam, Australia, Canada, Spain.
(5) Subject operates from caption leased office premises of area measuring 1,260 Sq ft which is situated in commercial area.
(6) Subject employs about 12 persons in its set up.
Annual Sales Volume
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Year |
In
Pak Rupees |
|
2006 |
60,000,000/- (Estimated) |
Bankers and their addresses
Habib Metropolitan Bank Limited, New Challi Branch, Karachi, Pakistan.
Faysal Bank Limited, New Challi Branch, Karachi, Pakistan.
Membership
Karachi
Chamber of Commerce & Industry.(KCCI)
Karachi
Wholesale Grocers Association.(KWGA)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 62.80 |
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UK Pound |
1 |
Rs. 124.40 |
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Euro |
1 |
Rs. 95.15
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Comments
Subject
Company was established in 1970 and is engaged in import & export of Rice,
Wheat, Flours, Pulses, Spices, Herbs, Vegetables, Dates, Honey and Other Agro
Commodities. 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.
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%)