MIRA
INFORM REPORT
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Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
THREE STAR ENTERPRISES |
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Registered Office : |
Room No 10, 11th Floor, Sharjah Trade Centre,
Shahrah-e-Liaquat, New Challi, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
98/0541 |
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Legal Form : |
Partnership |
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Line of Business : |
Import and Trading
of Ferro Alloys, Commodities and Food 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
THREE STAR ENTERPRISES
Full Address
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Registered Address |
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Room No 10, 11th Floor, Sharjah Trade Centre, Shahrah-e-Liaquat, New Challi, Karachi, Pakistan |
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Tel |
92
(21) 2420974, 2420977 |
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Fax |
92
(21) 2420978 |
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Short Description Of Business
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Nature of Business |
Import &
Trading of Ferro Alloys, Commodities & Food Products |
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Year Established |
1998 |
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Registration # |
98/0541 |
Branches
None
Legal Status
Subject Company was established as a Partnership business in 1998
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Liaquat Ali Khan Mr. Anees Majeed Mr. Muhammad Hashim |
Pakistani Pakistani Pakistani |
Room No 10, 11th Floor, Sharjah Trade Centre, Shahrah-e-Liaquat, New Chall, Karachi Room No 10, 11th Floor, Sharjah Trade Centre, Shahrah-e-Liaquat, New Chall, Karachi Room No 10, 11th Floor, Sharjah Trade Centre, Shahrah-e-Liaquat, New Chall, Karachi |
Business Business Business |
Managing Partner Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
(1) Commodities
Trading Company, Pakistan
Products
(1) Subject Company is engaged in import & trading of Ferro Alloys, Commodities & Food Products.
(2) It purchases raw material against D/A basis.
(3) Its’ major customers are Steel Companies, Industrial Organizations, Trading Companies.
(4) Subject operates from caption leased office premises of area measuring 545 Sq.ft. which is situated in commercial area.
(5) Subject employs about 6 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
35,000,000/- (Estimated) |
Importing Countries
Mainly from Germany, Italy, U.K., India, China, Korea
Bankers
Habib Bank Limited,
Pakistan.
PICIC Commercial Bank
Limited, Pakistan.
Faysal Bank Limited,
Pakistan.
Bank Alhabib
Limited, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 65.70 |
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UK Pound |
1 |
Rs. 130.40 |
|
Euro |
1 |
Rs. 102.40 |
Comments
Subject Company was established in 1998 and is engaged in import & trading of Ferro Alloys,
Commodities & Food 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.
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%)