MIRA
INFORM REPORT
|
Report Date : |
15.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GOLDEN INDUSTRIES |
|
|
|
|
Registered Office : |
Plot # A/29, Indus Hill, Site
Area, Hyderabad |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
2002 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
Processor, Importer and Exporter
of Pulses and Rice |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Business Name
GOLDEN INDUSTRIES
Full Address
|
Registered Address
& Factory |
|
Plot # A/29, Indus Hill, Site
Area, Hyderabad, Pakistan |
|
Tel |
92 (22) 3880747, 3881093, 3883999 |
|
Fax |
92 (22) 3881094 |
|
|
Short Description Of Business
|
Nature of Business |
Processor, Importer &
Exporter of Pulses and Rice |
|
Year Established |
2002 |
Branches
In Karachi & Hyderabad
Legal Status
Subject Company was established as a Partnership Business in 2002
Details of Managing Partner /
Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Dr. Prem Chand Essarani Mr. Ameet Kumar Essarani Mr. Dayo Mal Essarani |
Pakistani Pakistani Pakistani |
Plot # A/29, Indus Hill, Site Area, Hyderabad Plot # A/29, Indus Hill, Site
Area, Hyderabad Plot # A/29, Indus Hill, Site Area, Hyderabad |
Business Business Business |
Managing Partner Partner Partner |
Associates
A. Subsidiary
None
B. Associated
Companies
(1) Essarani Food Industries, Pakistan.
Business Activities
Processing & Export of Rice.
Processing & Export of Daal.
Annual Production Capacity
25,000 M-Tons Rice Per Annum.
5,000 M-Tons Dall Per Annum.
Number of Employees
70
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
40,000,000/- (Estimated) |
Customers (Foreign)
(1) Swiss, Singapore.
(2) Swina International, Singapore.
(3) Golden Harvest, Australia.
(4) Finora, Canada.
(5) Noble Grain, China.
(6) Parkas Overseas, India.
(7) Olam International, Tanzania.
(8) Arpit Agro Industries (Pvt) Limited, India.
(9) Jaisree Impex (Pte) Limited.
Bankers
Askari Commercial Bank Limited, Pakistan.
Habib Bank Limited, Pakistan.
Meezan Bank Limited, Pakistan.
Memberships
Rice Exporters Association, Pakistan.
Hyderabad Chamber of
Commerce & Industry.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 68.60 |
|
UK Pound |
1 |
Rs. 133.35 |
|
Euro |
1 |
Rs. 105.95 |
Comments
Subject Company was established in 2002 and is engaged in Processing, Import & Export of Pulses and Rice. Market reputation is good. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms and conditions.
RATING
EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)