MIRA
INFORM REPORT
|
Report Date : |
28.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GEO SCIENCE
ASSOCIATES |
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Registered Office : |
200 - Pakland House, Ferozepur Road, Lahore |
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Country : |
Pakistan |
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Date of Incorporation : |
1999 |
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Legal Form : |
Partnership |
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Line of Business : |
Prime Consulting and Testing Company Specializing in
Geophysics, Water Resources, Geotechnical Engineering and Foundation Pile
Testing. |
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 |
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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Business Name
GEO SCIENCE
ASSOCIATES
Full Address
|
Registered
Address |
|
200 - Pakland House, Ferozepur Road,
Lahore, Pakistan |
|
Tel |
92 (42) 7580437 |
|
Fax |
92 (42) 7550437 |
Short Description Of Business
|
Nature of Business |
Prime
consulting & testing company specializing in Geophysics, Water Resources,
Geotechnical Engineering and Foundation Pile Testing. |
|
Year Established |
1999 |
|
National Tax # |
1331415 |
Branches
In Karachi at
present
Legal Status
Subject Company was established as a Partnership business in 1999
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Syed Mosoof
Hussain Mrs. Roomana Hussain Mr. Ameer Din |
Pakistani Pakistani Pakistani |
200 - Pakland
House, Ferozepur Road, Lahore, Pakistan 200 - Pakland House,
Ferozepur Road, Lahore, Pakistan 200 - Pakland
House, Ferozepur Road, Lahore, Pakistan |
Business Business Business |
Managing Partner Partner Partner |
Business Activities
Subject is basically Prime consulting & Testing Company specializing in Geophysics, Water Resources, Geotechnical Engineering and Foundation Pile Testing.
It purchases equipments / machineries against D/A, D/P basis.
It’s mainly import from European Countries & China.
Its major clientele are Hotels, Government Enterprises, Power Companies, Private Projects etc.
Subject operates from caption leased office premises of area measuring 500 Sq.Yards. which is situated in commercial area.
Subject employs about 45 persons in its set up.
Annual Revenue Income
|
Year |
In Pak Rupees |
|
2006 - 2007 |
70,000,000/- (Estimated) |
Trade Suppliers (Foreign)
GF
INSTRUMENTS, S.R.O., CZECH REPUBLIC.
RECSALOG, INDONESIA.
Bankers
- Standard Chartered Bank, Pakistan.
- Citibank, N.A., Pakistan.
- Bank Alfalah Limited, Pakistan.
- NIB Bank Limited, Pakistan.
- Soneri Bank Limited, Pakistan.
- Habib Bank Limited, Pakistan.
Memberships
·
Lahore Chamber of Commerce & Industry.(LCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 78.10 |
|
UK Pound |
1 |
Rs. 142.60 |
|
Euro |
1 |
Rs. 113.40 |
Comments
Subject Company was established in 1999 and
is basically prime consulting & testing company specializing
in Geophysics, Water Resources, Geotechnical Engineering and Foundation Pile
Testing. Overall reputation is satisfactory. 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.46.43 |
|
UK Pound |
1 |
Rs.85.38 |
|
Euro |
1 |
Rs.67.95 |
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 |
|
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 |
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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 |
|
<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%)