MIRA
INFORM REPORT
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Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TARIQ TRADING
CORPORATION |
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Registered Office : |
R.T. Sawant Road Off: Nishtar Road, Karachi |
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Country : |
Pakistan |
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Date of Incorporation : |
1993 |
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Legal Form : |
Partnership |
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Line of Business : |
Import and Trading of Burner Controls, Crucibles, Foundry
Chemicals, Ferro Alloys, Fire Bricks, Pig Iron |
RATING &
COMMENTS
|
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
TARIQ TRADING CORPORATION
Full Address
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Registered
Address |
|
R.T. Sawant Road Off: Nishtar Road, Karachi, Pakistan |
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Tel |
92 (21) 2259664, 2252528, 2252506, 2257968 |
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Fax |
92 (21) 2236785 |
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Email |
Short Description Of Business
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Nature of Business |
Engaged in Import &
Trading of Burner Controls, Crucibles, Foundry Chemicals, Ferro Alloys, Fire
Bricks, Pig Iron |
|
Year Established |
1993 |
Branches
In Lahore at present
Legal Status
Subject Company was established as a Partnership business in 1993
Details of Managing Partner /
Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Imran Amin Mr. Tariq Amin |
Pakistani Pakistani |
R.T. Sawant Road
Off: Nishtar Road, Karachi R.T. Sawant Road
Off: Nishtar Road, Karachi |
Business Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
(1) Subject Company was engaged in the business as import & trading of Burner Controls, Crucibles, Foundry Chemicals, Ferro Alloys, Fire Bricks, Pig Iron.
(2) Its Purchases against D/A basis.
(3) Its major customers are Indenting Companies, Steel Manufacturers, Traders etc.
(4) Its mainly import from India, China & European Countries.
(5) Subject operates from caption leased shop premises of area measuring 700 Sq ft which is situated in commercial area.
(6) Subject employs about 8 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2006 - 2007 |
50,000,000/- (Estimated) |
Trade Suppliers (Foreign)
(1) ANTAI BALAJI LIMITED, INDIA.
Bankers
- Bank Alfalah Limited, Karachi, Pakistan.
- Habib Bank Limited, Pakistan.
- Standard Chartered Bank, Pakistan.
- Faysal Bank Limited, Pakistan.
Membership
·
Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 76.80 |
|
UK Pound |
1 |
Rs. 136.50 |
|
Euro |
1 |
Rs. 108.70 |
Comments
Subject Company was established in 1993 and is engaged in
import & trading of Burner Controls, Crucibles, Foundry Chemicals, Ferro Alloys,
Fire Bricks, Pig Iron. 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.46.34 |
|
UK Pound |
1 |
Rs.82.96 |
|
Euro |
1 |
Rs.65.82 |
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 |
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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%)