MIRA
INFORM REPORT
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Report Date : |
12.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
TARIQ CHEMICALS |
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Registered Office : |
#1, Chemi Plaza, 2nd Floor, St.#5, Katchery Bazar,
Faisalabad |
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Country : |
Pakistan |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Trading business of Dyes and Chemicals |
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
TARIQ CHEMICALS
Full Address
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Registered
Address |
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#1, Chemi Plaza, 2nd Floor, St.#5, Katchery Bazar,
Faisalabad, Pakistan. |
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Tel |
92 (41) 2647897, 2628512 |
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Fax |
92 (41) 2636079 |
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Email |
Short Description Of Business
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Nature of Business |
Import & Trading business |
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Year Established |
1991 |
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National Tax # |
1961332 |
Branches
In Lahore at present
Legal Status
Subject Company was established as a Proprietorship business in 1991
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Tariq Ali |
Pakistani |
#1,Chemi
Plaza,2nd Floor,St.#5,Katchery Bazar, |
Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Subject is engaged in import & trading of Dyes & Chemicals.
It purchases against L/C, D/A basis.
It sells against Cash / Credit Terms.
Its’ major customers are Private Companies, Traders, Textile Companies etc.
Subject operates from caption leased office premises of area measuring 875 sq.ft. which is situated in commercial centre.
Subject employs about 4 persons in its set up.
Importing Countries
Mainly from India, China & European Countries
Annual Sales Volume
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Year |
In Pak Rupees |
|
2006 |
40,000,000/-
(Estimated) |
Bankers and their addresses
(1) Soneri Bank Limited, Chiniot Bazar, Faisalabad, Pakistan.
(2) Allied Bank Limited, Gole Cloth Branch, Faisalabad, Pakistan.
Memberships
Faisalabad Chamber of Commerce & Industry.(FCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 62.80 |
|
UK Pound |
1 |
Rs. 125.90 |
|
Euro |
1 |
Rs. 96.15 |
Comments
Subject Company was established in 1991 and is
engaged in import & trading of Dyes & Chemicals. Market reputation is
satisfactory. 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%)