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MIRA
INFORM REPORT
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Report Date : |
15.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
H.M. INDUSTRIES (PRIVATE) LIMITED |
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Registered Office : |
Plot No. S-25,
S.I.T.E., Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
2003 |
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Com. Reg. No.: |
0045915 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture,
Processing, Export and Import of Pulses, Foodstuffs and other
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
H.M. INDUSTRIES (PRIVATE) LIMITED
Full Address
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Registered Address |
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Plot No. S-25,
S.I.T.E., Karachi, Pakistan |
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Tel |
92
(21) 2413216, 2414451 |
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Fax |
92
(21) 2416853 |
Short Description Of Business
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Nature of Business |
Manufacture,
Processing, Export & Import of Pulses, Foodstuffs and other
Commodities |
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Year Established |
2003 |
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Registration # |
0045915 |
Head Office
1st
& 2nd Floor, Adam Building,
Mohammad Feroz
Street, Jodia Bazar,
Karachi-74000,
Pakistan
Auditors
Muneer Ahmed & Co.
(Chartered Accountants)
5, Masoom Shah Bukhari, New Neham Road, Kharadar, Karachi, Pakistan
Legal Status
Subject Company was established as a Private Limited Company in 2003
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Authorized Capital |
Rs. 20,000,000/-
divided into 200,000 shares of Rs. 100/- each |
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Issued & Paid up Capital |
Rs. 20,000,000/- divided into 200,000
shares of Rs. 100/- each |
Details of Directors
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Mohammed Ahmed Mr. Mohammed Ali |
Pakistani Pakistani |
House # 3, Hussein Cooperative
Society, Block-3, P.E.C.H.S., Karachi House # 3, Hussein Cooperative
Society, Block-3, P.E.C.H.S., Karachi |
Business Business |
Chief Executive Director |
Shareholders
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Names |
No. of Shares |
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Mr. Mohammed Ahmed Mr. Mohammad Ali Mrs. Farzana Bai Mrs. Yasmin Bai Mrs. Anisa Bai Mrs. Samina Bai Mrs. Rukhsana Bai Mrs. Mehrunnisa Bai Mrs. Nabila Bai |
5,900 100 34,000 40,000 24,000 24,000 24,000 24,000 24,000 |
Associates
A. Subsidiary
None
B. Associated Companies
Ahmed Oil
Industries, Pakistan.
Taj Oil Industries,
Pakistan.
MAMA Industries
(Pvt) Limited, Pakistan.
Union Magnetics,
Pakistan.
Awam (Private)
Limited, Pakistan.
Abdul Wahid Abdul
Majid (Pvt) Limited, Pakistan.
Business Activities
Subject Company is engaged in the business as manufacture, processing, export & import of Pulses, Foodstuffs and other Commodities.
It purchases against L/C, T.T. basis.
It sells against Credit terms.
It’s mainly import from China, India, Vietnam, Canada, Australia, Burma, Singapore.
Its major customers are Traders, Retailers, Food Companies etc
Subject operates from caption leased office premises of area measuring 1,800 Sq.ft. which is situated in commercial area.
Subject employs about 10 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2007 |
50,000,000/-
(Estimated) |
Production Capacity
It has a capacity of annually processing 15,000 metric tons
of Pulses
Trade Suppliers (Foreign)
Various international belongs to China, India, Vietnam, Canada, Australia, Burma & Singapore
Bankers
Meezan Bank Limited,
Pakistan.
Faysal Bank Limited,
Pakistan.
MCB Bank Limited,
Pakistan.
Habib Bank Limited,
Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Karachi Wholesale Grocers Association.(KWGA)
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 68.60 |
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UK Pound |
1 |
Rs. 133.35 |
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Euro |
1 |
Rs. 105.95 |
Comments
Subject Company was established in 2003 and is engaged in manufacture, processing, export & import of Pulses, Foodstuffs and other 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%)