MIRA
INFORM REPORT
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Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
MUSHTAQ BROTHERS |
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Registered Office : |
H-982/A, Mohallah Namo Gran, Akbari Mandi, Lahore |
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Country : |
Pakistan |
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Year of Establishment : |
1996 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Traders of Crude Drugs, Herbs, Spices, Pulses etc |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
MUSHTAQ BROTHERS
Full Address
Note: We have confirmed with the manager of this company and he informed us that they have recently shifted to the new address i.e. H-982/A, Mohallah Namo Gran, Akbari Mandi, Lahore, Pakistan. Company’s Banker name is “Bank Alhabib Limited, Circular Road Branch, Lahore, Pakistan.
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Registered
Address |
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H-982/A,
Mohallah Namo Gran, Akbari Mandi, Lahore, Pakistan |
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Tel |
92 (42) 7655539, 7655580 |
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Fax |
92 (42) 7655580 |
Short Description Of Business
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Nature of Business |
Traders of Crude Drugs, Herbs, Spices, Pulses
etc |
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Year Established |
1996 |
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National Tax # |
1816277 |
Branches
None
Legal Status
Subject Company was established as a Proprietorship business in 1996
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Sheikh Mushtaq Ahmad Mr. Muhammad Farhan |
Pakistani Pakistani |
H-1163, Akbari
Mandi, Lahore, Pakistan H-1163, Akbari
Mandi, Lahore, Pakistan |
Trading Business Trading Business |
Proprietor Manager (Import) |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Subject Company is engaged in the business as traders of Crude Drugs, Herbs, Spices, Pulses etc.
It purchases against D/A, L/C basis.
It sells against Cash / Credit terms.
Its mainly import from India, China, Yemen & some other Asian Countries.
Its’ major customers are Retailers, Trading Companies etc.
Subject operates from caption leased shop premises of area measuring 650 Sq.ft.
which is situated in commercial market.
Subject employs about 3 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
8,000,000/-
(Estimated) |
Bankers
- Bank Al-Habib Limited, Pakistan.
- Habib
Bank Limited, Pakistan.
- United
Bank Limited, Pakistan.
Memberships
·
Lahore Chamber of Commerce & Industry.(LCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 82.00 |
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UK Pound |
1 |
Rs. 130.50 |
|
Euro |
1 |
Rs. 106.00 |
Comments
Subject Company was established in 1996 and is engaged in trading of
Crude Drugs, Herbs, Spices, Pulses etc. Payments are reported as slow but correct.
Company can be considered for normal business dealings at usual trade terms and
conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
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UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
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%)