MIRA
INFORM REPORT
|
Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
JETPURWALA ENTERPRISES |
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Registered Office : |
N.P. 11/76 - 77,
Daryana Street, Jodia Bazar, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1988 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import / Export
and Trading of all types of Commodities |
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 |
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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
JETPURWALA ENTERPRISES
Full Address
|
Registered Address |
|
N.P. 11/76 - 77, Daryana Street, Jodia
Bazar, Karachi, Pakistan |
|
Tel |
92 (21) 2546339,
2546335 |
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Fax |
92 (21) 2512738 |
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Short Description Of Business
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Nature of Business |
Import / Export
& Trading of all types of Commodities |
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Year Established |
1988 |
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National Tax # |
0897088 |
Branches
In Hyderabad & Karachi
Legal Status
Subject Company was established as a Proprietorship business in 1988
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Amin |
Pakistani |
N.P. 11/76 - 77, Daryana Street, Jodia Bazar, Karachi, Pakistan |
Business |
Proprietor |
Business Activities
Subject Company is engaged in the business as Import / Export & Trading of all types of Commodities.
It purchases against L/C, T.T., D/A basis.
It sells against Cash / Credit terms.
It’s mainly import from China, India, New Zealand, Australia, Canada and Burma.
Its major customers are Individuals, Traders, Retailers etc.
Subject operates from caption leased shop premises of area measuring 900 Sq.ft. which is situated in commercial market.
Subject employs about 5 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
40,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
Various International
Bankers
Habib Metropolitan
Bank Limited, Jodia Bazar
Branch, Karachi, Pakistan.
Meezan Bank Limited,
Jodia Bazar Branch, Karachi, Pakistan.
Soneri Bank Limited,
Jodia Bazar Branch, Karachi, Pakistan.
Memberships
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 81.00 |
|
UK Pound |
1 |
Rs. 141.00 |
|
Euro |
1 |
Rs. 109.70 |
Comments
Subject Company was established in 1988 and is engaged in Import / Export & Trading of all types of Commodities. Market reputation is satisfactory. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms and conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.43 |
|
UK Pound |
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.65.91 |
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 |
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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 |
|
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 |
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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%)