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MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SHAHID MAHMOOD
& CO (PVT) LTD |
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Registered Office : |
48 - Steel Market, |
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Country : |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
L-08208 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Trading of Building Hardware and
related products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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
SHAHID MAHMOOD
& CO (PVT) LTD
Full Address
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Registered
Address |
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48 - Steel Market, |
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Tel |
92 (42) 7224930, 7227603 |
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Fax |
92 (42) 7220393 |
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U.A.N. |
92 (42)
111-121-112 |
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Mobile # |
0300-8451240 |
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Email |
Short Description Of Business
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Nature of Business |
Import & Trading of Building Hardware &
related products |
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Year Established |
1995 |
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Registration # |
L-08208 |
Branches
None
Legal Status
Subject Company was established as a Private
Limited Company in 1995
Auditors
Sarwan Awan & Company
(Chartered
Accountants)
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Authorized Capital |
Rs. 20,000,000 divided into 200,000 shares
of Rs. 100/- each |
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Issued & Paid up Capital |
Rs. 10,000,000 divided into 100,000 shares
of Rs. 100/- each |
Details of Directors
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Shahid Mahmood Mr. Zahid Mahmood Mr. Abid Mahmood Mrs. Firdous Bano |
Pakistani Pakistani Pakistani Pakistani |
2-B, 2-B, 2-B, 2-B, |
Business Business Business House Wife |
Chief Executive Director Director Director |
Shareholders
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Names |
Address |
No. of Shares |
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Shahid Mahmood Zahid Mahmood Abid Mahmood Mrs. Firdous Bano |
2-B, 2-B, 2-B, 2-B, |
34,000 30,500 30,500 5,000 |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Import & Trading
of Building Hardware & related products.
Number of Employees
15
Annual Sales Volume
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Year |
In Pak Rupees |
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2006 |
70,000,000/- (Estimated) |
Agencies (Foreign)
- GROHE
WATER TECHNOLOGY AG & CO. KG, HEMER
- HUNTER
FANS,
Customers
Various Local including Builders, Contractors
etc.
Bankers
- MCB
Bank Ltd,
- PICIC
Commercial Bank Ltd,
- (3) Union
Bank Limited,
- (4)
Standard Chartered
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 82.75 |
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1 |
Rs. 133.00 |
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Euro |
1 |
Rs. 106.00 |
Comments
Subject Company was established in 1995 and
is engaged in import & sale of building hardware & related products to
different contractors, builders etc. Chief Executive as well as Directors of
the company are Pakistani. 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.49.95 |
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|
1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)