MIRA INFORM REPORT

 

 

Report Date :           

23.04.2011

 

IDENTIFICATION DETAILS

 

Name :

N.J. BOOK SELLERS & STATIONERS

 

 

Registered Office :

Room No. C-121, 1st Floor, National Auto Plaza, Near Afshan Cinema, Marston Road, Karachi

 

 

Country :

Pakistan

 

 

Year of Establishment :

1995

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Book Sellers

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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)

Pakistan

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

           

Business Name

 

N.J. BOOK SELLERS & STATIONERS

 

 

Full Address       

 

Registered Address

Room No. C-121, 1st Floor, National Auto Plaza, Near Afshan Cinema, Marston Road, Karachi, Pakistan

                       

Tel #

92 (21) 34231882, 32766586

Fax #

92 (21) 32766586

Email

nisarrathore@yahoo.com

 

 

Short Description Of Business

 

a.

Nature of Business           

Book Sellers.

b.

Year Established

1995

 

 

Branches

 

None            

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 1995

 

 

Details of Proprietor

 

Names

Nationality

Address

Occupation

Designation

Mr. Nasir Ahmed Rathore

Pakistani

 

Shop No. 75, Naqvi Market,The Mall, Lahore, Pakistan

Business

 

 

Proprietor

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

             None                                           

           

B.         Associated Companies

 

            - Do -

 

 

Products

 

Distribution & Sale of International as well as local books

 

 

Number of Employees

 

4

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2009

7,000,000/- (Estimated)

 

 

Agencies

(Foreign)

 

Not disclosed by the Proprietor of the Company             

 

 

Customers

 

Mainly Private Companies, Individuals etc

 

 

Bankers

 

·         Habib Bank Limited, Pakistan.

·         MCB Bank Limited, Pakistan.

·         United Bank Limited, Pakistan.

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

          Rs. 84.20

UK Pound

1

          Rs. 138.19

Euro

1

          Rs. 122.13

 

  

Comments

 

Subject Company was established in 1995 and is engaged in import & distribution of local as well as international books. 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.44.30

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.