MIRA
INFORM REPORT
|
Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ZEESHAN ENTERPRISES
|
|
|
|
|
Registered Office : |
Shop No. 2, Karimabad Market, Block - 3, Federal ‘B’ Area, Karachi |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
1998 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Trader of Tea and Milk Powders. |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Business Name
ZEESHAN
ENTERPRISES
Full Address
|
Registered
Address |
|
Shop No. 2, Karimabad Market, Block - 3,
Federal ‘B’ Area, Karachi, Pakistan |
|
Tel |
+923343179633 |
Short Description Of Business
|
Nature of
Business |
Engaged in trading
of Tea & Milk Powders. |
|
Year Established |
1998 |
Legal Status
Subject Company was established as a
Proprietorship business in 1998
Details of Proprietor
|
Names |
Address |
Occupation |
Designation |
|
Mr. Muhammad Zeeshan |
Shop No. 2,
Karimabad Market, Block - 3, Federal ‘B’ Area, Karachi |
Business |
Proprietor |
Associates
A. Subsidiary
None
B. Associated
Companies
- Do -
Product/Services
Engaged in Trading
of Tea & Milk Powders.
Number of Employees
2
Annual Sales Volume (In Pak
Rupees)
PKR 2,000,000/- (Estimated).
Agencies (Local and foreign)
Not Disclosed by the Proprietor.
Customers
Mainly retailers, Individuals located in Karachi
Bankers
MCB Bank Limited,
Pakistan.
(2) United Bank Limited,
Pakistan.
Observation Noticed During Our Visit
We visited the office of the concern where
following observations were made:
(1) Name Board of the
Company could not be sighted at the time of our visit.
(2) The concern’s shop is
very difficult to locate.
(3) Subject is located in a
commercial area in Karimabad Market.
(4) Items such as Telephones could not be
seen at the concern’s shops.
(5) Subject shop is not
maintained properly.
Subject operates from caption shop premises
of area measuring 700 Sq. fts, which is located in commercial area.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 69.90 |
|
UK Pound |
1 |
Rs. 136.60 |
|
Euro |
1 |
Rs. 109.45 |
Comments
Company looks very small sized and it seems that the main business of
the company is trading. From market sources no information is available, as the
company has not enough presence in the market. As per our observation the
company is not very active in the business circle. Trade relations are not
known. Therefore we do not recommend conducting any business activity with the
subject Company.
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%)