MIRA
INFORM REPORT
|
Report Date : |
15.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAYYAB & COMPANY |
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Registered Office : |
1st Floor, Sultan
Mansion, Adamjee Dawood Road, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1989 |
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Com. Reg. No.: |
1725873 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Trading of Chemicals, Food Products and Commodities |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
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
TAYYAB
& COMPANY
Full Address
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Registered Address |
|
1st Floor,
Sultan Mansion, Adamjee Dawood Road, Karachi, Pakistan |
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Tel |
92 (21) 2437230, 2413227 |
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Fax |
92 (21) 2413227 |
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Email |
Short Description Of Business
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Nature of Business |
Import & Trading
of Chemicals, Food Products & Commodities |
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Year Established |
1989 |
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National Tax # |
1725873 |
Branches
In Hyderabad at
present
Legal Status
Subject Company was
established as a Proprietorship business in 1989
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Abdul Hai |
Pakistani |
1st Floor, Sultan Mansion, Adamjee Dawood
Road, Karachi, |
Business |
Proprietor |
Business Activities
Subject Company is engaged in the business as import & trading of Chemicals, Food Products & Commodities.
It purchases against D/A basis.
It sells against Credit terms.
It’s mainly import from China, India, Korea & European Countries.
Its major customers are Chemical Manufacturers, Food Companies, Indenters, Traders etc
Subject operates from caption leased office premises of area measuring 500 Sq.ft. which is situated in commercial area.
Subject employs about 4 persons in its set up.
Annual Sales Volume
|
Year |
In
Pak Rupees |
|
2006 |
20,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
Various international belongs to China, India, Korea & European Countries
Bankers
1)
Askari
Commercial Bank Limited, Pakistan.
2)
Bank Islami
Pakistan Limited, Pakistan.
3)
Meezan Bank Limited,
Pakistan.
4)
Habib Bank
Limited, Pakistan.
Memberships
·
Karachi Chamber
of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 76.40 |
|
UK Pound |
1 |
Rs. 136.80 |
|
Euro |
1 |
Rs. 108.40 |
Comments
Subject Company was established in 1989 and is engaged in import & trading of Chemicals, Food
Products & Commodities. 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.45.94 |
|
UK Pound |
1 |
Rs.82.84 |
|
Euro |
1 |
Rs.65.95 |
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 |
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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 |
|
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%)