MIRA
INFORM REPORT
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Report Date : |
20.10.2008 |
IDENTIFICATION DETAILS
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Name : |
NABEEL SHERJEEL
INTERNATIONAL |
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Registered Office : |
House No. 9/5, |
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Country : |
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Date of Incorporation : |
1990 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading House basically engaged in Import and Trading of
Leather Chemicals, Leather Raw Materials, Wet blue, Pickled and machinery for
the tanning industry |
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
NABEEL SHERJEEL
INTERNATIONAL
Full Address
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Registered
Address |
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House
No. 9/5, |
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Tel |
92 (42) 7467907,
8433540 |
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Fax |
92 (42) 7466349 |
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Email |
Short Description Of Business
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Nature of Business |
Trading
House basically engaged in import & trading of Leather Chemicals, Leather
Raw Materials, Wet blue, Pickled and machinery for the tanning industry |
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Year Established |
1990 |
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National Tax # |
1503768 |
Branches
In
Legal Status
Subject Company was established as a Partnership business in 1990
Details of Management
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Khalid Nisar Mrs. Humaira Khalid |
Pakistani Pakistani |
House
No. 9/5, House
No. 9/5, |
Business Business |
Managing Partner Partner |
Business Activities
Subject is trading house basically engaged in import & trading of Leather Chemicals, Leather Raw Materials, Wet blue, Pickled and machinery for the tanning industry.
It purchases raw material against D/A, L/C basis.
It sells against Credit terms to its local customers.
It’s mainly import from European Countries & China.
Its major customers are Leather Tanning Industries, Leather Companies, Trading Companies etc.
Subject operates from caption leased office premises of area measuring 500 Sq.Yards, which is situated in residential + commercial area.
Subject employs about 25 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
60,000,000/- (Estimated) |
Trade Suppliers (Foreign)
- ITK
ZARDINI
- NCF
FINE CHEMICALS
Bankers
- Habib Metropolitan Bank Ltd,
- Bank Alfalah Limited,
- Standard Chartered
- Askari Commercial Bank Limited,
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 85.00 |
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|
1 |
Rs. 147.20 |
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Euro |
1 |
Rs. 114.00 |
Comments
Subject is trading
house basically engaged in import & trading of Leather Chemicals, Leather
Raw Materials, Wet blue, Pickled and machinery for the tanning industry. Market reputation is satisfactory.
Trade relations are reported as fair. Company can be considered for normal
business dealings at usual trade terms and conditions.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)