MIRA
INFORM REPORT
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Report Date : |
18.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL-HAFEEZ RICE MILLS |
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Registered Office : |
By Pass Road Usta.M, Baluchistan |
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Country : |
Pakistan |
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Date of Incorporation : |
1985 |
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Legal Form : |
Partnership |
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Line of Business : |
Processors,
Millers, Suppliers and Exporters of the finest quality Pakistani super kernel
basmati rice, long grain IRRI-9, IRRI-6, D-98 and Parboiled rice from
Pakistan |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
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
AL-HAFEEZ RICE MILLS
Full Address
|
Registered Address & Mill |
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By Pass Road
Usta.M, Baluchistan, Pakistan |
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Tel |
92
(838) 612288, +923003709665 |
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Fax |
92 (838) 612291 |
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Email |
Short Description Of Business
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Nature of
Business |
Al-Hafeez Rice is a vertically integrated one of the leading
processors, millers, suppliers and exporters of the finest quality Pakistani
super kernel basmati rice, long grain IRRI-9, IRRI-6, D-98 and Parboiled rice
from Pakistan |
|
Year Established |
1985 |
|
National Tax # |
2903852 |
Branches
In Karachi & Hyderabad
Legal Status
Subject Company was
established as a Partnership business in 1985
Details of Managing Partner /
Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Abdul Hafeez Soomro Mr. Haji Muhammad Rafique
Soomro |
Pakistani Pakistani |
By Pass Road Usta.M, Baluchistan By Pass Road Usta.M, Baluchistan |
Business Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated Companies
- Do -
Business Activities
Al-Hafeez Rice is a vertically integrated one of the leading processors, millers, suppliers and exporters of the finest quality Pakistani super kernel basmati rice, long grain IRRI-9, IRRI-6, D-98 and Parboiled rice from Pakistan
Annual Production Capacity
30,000 M-Tons Rice
Per Annum.
Number of Employees
70
Annual Sales Volume
|
Year |
In
Pak Rupees |
|
2006 |
80,000,000/- (Estimated) |
Customers (Foreign)
- Noble Grain, China.
- Parkas Overseas, India.
- Olam International, Tanzania.
- Arpit Agro Industries (Pvt) Limited,
India.
- Jaisree Impex (Pte) Limited.
Bankers
- MCB Bank Limited, Pakistan.
- Habib Bank Limited, Pakistan.
- Allied Bank Limited, Pakistan.
- Standard Chartered Bank, Pakistan.
Memberships
·
Karachi Chamber of Commerce & Industry. (KCCI)
·
Rice Exporters
Association, Pakistan
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 77.00 |
|
UK Pound |
1 |
Rs. 137.80 |
|
Euro |
1 |
Rs. 109.20 |
Comments
Subject Company was
established in 1985 and is engaged in processing
& export of Rice. Market reputation is good. Trade relations are reported
as fair. Subject can be considered for normal business dealings at usual trade
terms and conditions.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.71 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.65.90 |
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%)