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MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIQUE
DISTRIBUTION (PVT) LIMITED |
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Registered Office : |
H.M. House, 7- Bank Square, Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
2007 |
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Com. Reg. No.: |
0060389 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Trading Business |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Business Name
UNIQUE
DISTRIBUTION (PVT) LIMITED
Full Address
Registered Address
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H.M. House, 7- Bank Square, Lahore, Pakistan |
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Tel |
92 (42) 5777481,
5777482, 5777483 |
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Fax |
92
(42) 5777483 |
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Website |
Short Description Of Business
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Nature of Business |
Import &
Trading business |
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Year Established |
2007 |
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Registration # |
0060389 |
Branches
In Karachi at present
Auditors
Hameed Chaudhary & Co.
(Chartered
Accountants)
3rd Floor, HM House, 7-Bank Square, Lahore, Pakistan
Legal Status
Subject Company was established as a Private Limited Company in 2007
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Authorized Capital |
Rs. 1,000,000/- divided into 100,000 shares
of Rs. 10/- each |
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Issued & Paid up Capital |
Rs. 10,000 divided into 1,000 shares of Rs.
10/- each |
Details of Chief Executive/
Directors
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Siddiq Akbar Mr. Syed Mahboob Husain Miss Razia Bibi |
Pakistani Pakistani Pakistani |
H.M. House, 7- Bank Square, Lahore H.M. House, 7- Bank Square, Lahore H.M. House, 7- Bank Square, Lahore |
Business Business Business |
Chief Executive Director Director |
Shareholders
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Names |
No. of Shares |
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Mr. Syed Mahboob Husain Miss Razia Bibi |
500 500 |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Products / Services
Import & trading
of Electrical Products, Textile and other Products
Number of Employees
4
Annual Sales Volume
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Year |
In Pak Rupees |
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2007 - 2008 |
Not ascertained as the subject is a new Company |
Customers
Mainly Distributors, Retailers etc
Bankers
(1) Habib Bank
Limited, Pakistan.
(2) Faysal Bank
Limited, Pakistan.
(3) Standard
Chartered Bank, Pakistan.
Foreign Exchange Rates
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Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 75.90 |
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UK Pound |
1 |
Rs. 138.20 |
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Euro |
1 |
Rs. 111.50 |
Comments
Subject Company was established in 2007 and
is engaged in import & trading of
Electrical Products, Textile and other Products. Trade relations are not
known. Company is not well known in the local businesses. Such as conducting
business activity with the subject is considered to be a trade risk.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
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%)