MIRA
INFORM REPORT
|
Report Date : |
19.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NIMBUS
INTERNATIONAL |
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Registered Office : |
110-B, Phase III, G.E.C.H.S, Model Town Link
Road, Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
1998 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Trading of Chemicals |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
NIMBUS
INTERNATIONAL
Registered Office
|
Registered
Address |
|
110-B, Phase III, G.E.C.H.S, Model Town Link Road, Lahore, Pakistan |
|
Tel |
92 (42) 5877834, 5713457, 8481074 |
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Fax |
92 (42) 5864982, 5942195 |
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Email |
Short Description Of Business
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Nature of Business |
Engaged in Import & Trading of Chemicals |
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Year Established |
1998 |
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National Tax # |
1163476 |
Branches
In Multan at present
Legal Status
Subject Company was established as a Proprietorship business in 1998
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Aneeb |
Pakistani |
110-B, Phase
III, G.E.C.H.S, Model Town Link Road, Lahore |
Trading Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Subject Company is engaged in the business as import & trading of Chemicals including Hydrochloric Acid, Ferric Chloride Solution, Ammonium Chloride Liquid Chlorine Gas, Calcium Chloride, Hydrated Limes and Liquid Ammonia.
It purchase against L/C, T.T. basis.
It mainly imports from India, China, Korea, Italy & Europe.
Its’ major customers are Companies related to Petroleum, Oil Refineries, Oil Wells, Galvanized Industry, Transformer Manufacturers, Water Purification treatment Plants, Textiles, Ceramics, Pigments, Glass, Tanning, Chemicals, Engineering.
Subject operates from caption leased office premises of area measuring 700 Sq. Yard. which is situated in residential + commercial area.
Subject employs about 15 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
100,000,000/-
(Estimated) |
Bankers
(1) Bank Alfalah Limited, Pakistan.
(2) Standard Chartered Bank, Pakistan.
(3) Habib Metropolitan Bank Limited, Pakistan
(4) Meezan Bank Limited, Pakistan.
(5) NIB Bank Limited, Pakistan.
Memberships
Lahore Chamber of Commerce & Industry.(LCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupees |
|
US Dollar |
1 |
Rs. 68.50 |
|
UK Pound |
1 |
Rs. 133.60 |
|
Euro |
1 |
Rs. 106.30 |
Comments
Subject Company was established in 1998 and is engaged in import & trading of Chemicals including Hydrochloric Acid, Ferric Chloride Solution, Ammonium Chloride Liquid Chlorine Gas, Calcium Chloride, Hydrated Limes and Liquid Ammonia. Trade relations are reported as
fair. The Company 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 |
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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 |
|
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 |
|
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%)