MIRA
INFORM REPORT
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Report Date : |
08.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
PURI CHEMICAL
COMPANY |
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Registered Office : |
Yousuf Manzil, A. Abdul Rehman Street, Jodia Bazar, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1991 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Trading of Solvents
Chemical / Additives, Chemical and Chemical Compounds, Industrial Chemicals,
Textile Chemicals |
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
PURI CHEMICAL COMPANY
Full Address
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Registered
Address |
|
Yousuf Manzil, A. Abdul Rehman Street,
Jodia Bazar, Karachi, Pakistan |
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Tel |
92 (21) 2419321, 2413209 |
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Fax |
92 (21) 2419503 |
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Email |
Short Description Of Business
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Nature of
Business |
Import & Trading of Solvents
Chemical / Additives, Chemical & Chemical Compounds, Industrial
Chemicals, Textile Chemicals |
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Year Established |
1991 |
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National Tax # |
0897253 |
Branches
In Lahore at present
Legal Status
Subject Company was established as a Proprietorship business in 1991
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Mohammad Shafique |
Pakistani |
Yousuf Manzil, A. Abdul Rehman Street,
Jodia Bazar, Karachi |
Business |
Proprietor |
Business Activities
Subject Company is engaged in the business as import & trading of Solvents Chemical / Additives, Chemical & Chemical Compounds, Industrial Chemicals, Textile Chemicals.
It purchases against D/A, L/C basis.
It sells against Cash / Credit terms.
It’s mainly import from China, India, & European Countries.
Its major customers are Textile Companies, Trading Companies, Industrial Concerns etc
Subject operates from caption leased shop premises of area measuring 600 Sq.ft. which is situated in commercial area.
Subject employs about 8 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 |
40,000,000/- (Estimated) |
Trade Suppliers (Foreign)
(1) BASF AG, GERMANY.
Bankers
1)
Bank Alfalah
Limited, Pakistan.
2)
Meezan Bank
Limited, Pakistan.
3)
MCB Bank
Limited, Pakistan.
4)
Soneri Bank
Limited, Pakistan
Memberships
·
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 75.80 |
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UK Pound |
1 |
Rs. 134.40 |
|
Euro |
1 |
Rs. 108.50 |
Comments
Subject Company was established in 1991 and
is engaged in import & trading of Solvents
Chemical / Additives, Chemical & Chemical Compounds, Industrial Chemicals,
Textile Chemicals. 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.63.53 |
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%)