MIRA
INFORM REPORT
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Report Date : |
09.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
H N INTERNATIONAL |
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Registered Office : |
507, Uni Towers, I.I. Chundrigar Road,
Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
2000 |
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Legal Form : |
Proprietorship Business |
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Line of Business : |
Importer, Exporter & Trader of all types
of Commodities, Herbs, Seeds & Chemicals |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
|
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 |
Name
H N INTERNATIONAL
Registered Address
507, Uni Towers, I.I. Chundrigar Road,
Karachi, Pakistan
Tel
92 (21) 2413164, 2417798
Fax 92
(21) 2417409
Short Description Of Business
|
a. |
Nature of
Business |
Import / Export & Trading of all types
of Commodities, Herbs, Seeds & Chemicals |
|
b. |
Year Established |
2000 |
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c. |
National Tax # |
0000279 |
Branches
115, Hotel Noor Building, Mewa Mandi,
Peshawar, Pakistan
Legal Status
Subject Company was established as a
Proprietorship business in 2000
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Mansoor Elahi |
Pakistani |
507, Uni Towers,
I.I. Chundrigar Road, Karachi |
Business |
Proprietor |
Business Activities
Subject Company is engaged in the business
as Import / Export & Trading of all
types of Commodities, Herbs, Seeds & Chemicals.
It purchases against L/C, D/A basis.
It sells against Credit terms.
It’s mainly import from China, India, New
Zealand, Australia, Canada.
Its major customers are Individuals,
Traders, Retailers.
Subject operates from caption leased office
premises of area measuring 600 Sq.ft. which is situated in commercial plaza.
Subject employs about 6 persons in its set up.
Associated Companies
Haji Noor Elahi & Sons (Pvt) Ltd,
Pakistan.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
25,000,000/- (Estimated) |
Trade Suppliers (Foreign)
Various
International belongs to China, India, Australia, Canada
Bankers
Habib Metropolitan Bank Limited, Pakistan.
Meezan Bank Limited, Pakistan.
Bank Alhabib Limited, Pakistan.
Faysal Bank Limited, Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 68.55 |
|
UK Pound |
1 |
Rs. 133.85 |
|
Euro |
1 |
Rs. 105.55 |
Comments
Subject Company was established in 2000 and
is engaged in import / export &
trading of all types of Commodities, Herbs, Seeds & Chemicals. Market
reputation is satisfactory. Trade relations are reported as fair. Subject
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%)