MIRA INFORM REPORT

 

 

 

Report Date :

20.09.2008

 

IDENTIFICATION DETAILS

 

Name :
RAHMAN GUL

 

 

Registered Office :

Office No 9 & 10, Al-Haj Plaza Industrial Area, Jamrud Road, Peshawar

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1997

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Trading of Sugar, Pulses, Commodities and General Items

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

Business Name

 
RAHMAN GUL

 

 

Full Address       

 

Registered Address

Office No 9 & 10, Al-Haj Plaza Industrial Area, Jamrud Road, Peshawar, Pakistan 

                       

Tel

92 (91) 5817858, +923009593416

Fax

92 (91) 5817858

Email

hamzakhel@hotmail.com

 

 

Short Description Of Business

Nature of Business           

Engaged in Trading of Sugar, Pulses, Commodities & General Items

Year Established

1997

 

 

 

 

 

 

Legal Status       

 

Subject Company was established as a Proprietorship business in 1997

 

 

Details of Management

 

Names

Address

Occupation

Designation

Mr. Rahman Gul

 

 

 

 

Mr. Hamza Khel

Office No 9 & 10, Al-Haj Plaza Industrial Area, Jamrud Road, Peshawar

 

Office No 9 & 10, Al-Haj Plaza Industrial Area, Jamrud Road, Peshawar

Business

 

 

 

 

Business

Proprietor

 

 

 

 

Manager (Import)

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

            None

           

B.         Associated Companies

 

            - Do -

Product/Services

 

Engaged in Trading of Sugar, Pulses, Commodities & General Items

 

 

Number of Employees

 

3 

 

 

Annual Sales Volume (In Pak Rupees)

 

PKR 4,000,000/- (Estimated).

 

 

Agencies (Local and foreign)

 

Not Disclosed by the Proprietor of the Company

 

 

Customers

 

Mainly Retailers, Individuals located in Peshawar & Quetta

 

 

Bankers

 

  1. MCB Bank Limited, Pakistan.
  2. (2) The Bank of Khyber, Pakistan.

 

 

Observation  Noticed During Our Visit

 

We visited the office of the concern where following observations were made:

 

(1)        Name Board of the Company could not be sighted at the time of our visit.

(2)        The concern’s shop is very difficult to locate.

(3)        Subject is located in a commercial area.

(4)        Items such as Telephones could be seen at the concern’s shops.

(5)        Subject shop is not maintained properly.

 

Subject operates from caption shop premises of area measuring 650 Sq. fts, which is located in commercial area.

 

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

 

Company looks very small sized and it seems that the main business of the company is trading. From market sources no information is being made available, as the company has not enough presence. As per our observation, the company is not very active in the business circle. Trade relations are not known. Therefore we do not recommend conducting any business activity with the subject Company.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.32

UK Pound

1

Rs.83.57

Euro

1

Rs.65.90

 

 

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions