MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
MOHAMMAD SALEEM MOHAMMAD SIDDIQ |
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Registered Office : |
MR 5/80/81, |
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Country : |
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Year of Establishment : |
1990 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Import & Trading of Tea |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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|
B2 |
B2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Business
Name
MOHAMMAD SALEEM MOHAMMAD SIDDIQ
Registered
Address
MR 5/80/81,
Tel # 92 (21) 32442238, 32437413
Fax # 92 (21) 32413796
Email ktc@cyber.net.pk
Short
Description Of Business
a. Nature of Business Import & Trading of Tea
b. Year Established 1990
c. National Tax # 1003906 - 6
Branches
None
Legal
Status
Subject Concern was established as a Proprietorship business in 1990
Details
of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Mohammad Saleem |
Pakistani |
MR 5/80/81, |
Business |
Proprietor |
Associated
Companies
(1) M.S. Rehmatullah,
Business
Activities
Subject Concern is engaged in import & trading of Tea.
Local sales are mostly on cash / credit terms basis.
It’s mainly import from
Its’ major customers are Traders located at Jodia Bazar, Kagzi Bazar,
New Challi Anaaj Mandi & North Napier Market of Karachi.
Subject operates from caption leased shop premises of area measuring 500
Sq.ft. which is situated at main commercial market of
Subject employs about 5
persons in its set up.
Annual
Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
40,000,000/- (Estimated) |
Trade
Suppliers (Foreign)
Subject mainly import
from Companies belongs to
bankers
(1) Askari Bank Limited,
(2) Habib Bank Limited,
(3) MCB Bank Limited,
Memberships
·
·
Foreign
Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 84.40 |
|
|
1 |
Rs. 136.79 |
|
Euro |
1 |
Rs. 121.02 |
Comments
Subject Concern was established in 1990 and
is engaged in import & trading of Tea. Market reputation is satisfactory.
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.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.