%20LIMITED%20-%20139414%2023-Apr-2011_files/image006.jpg){kind=small}
MIRA INFORM
REPORT
|
Report Date : |
23.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
GREEN CROP (PVT.) LIMITED |
|
|
|
|
Registered Office : |
105, 1st
Floor, GCL Centre, Main Liaqat Pura Road, Vehari, Punjab |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Year of Establishment : |
1996 |
|
|
|
|
Com. Reg. No.: |
0036371 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
development and marketing of Agro
Chemical Products such as insecticides, herbicides, fungicides, matricides,
etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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
GREEN
CROP (PVT.) LIMITED
Full
Address
|
Registered Address |
|
105, 1st Floor, GCL Centre, |
|
Tel # |
92 (67) 3361887, 3363887 |
|
Fax # |
92 (67) 3366887 |
|
Email |
Short
Description Of Business
|
a. |
Nature of
Business |
Company is engaged in the development and marketing of Agro Chemical Products such as insecticides,
herbicides, fungicides, matricides, etc. Subject conducts marketing in all
parts of |
|
b. |
Year Established |
1996 |
|
c. |
Registration # |
0036371 |
Branches
38-E , Vehari, Punjab, Pakistan
Auditors
M/s Mehboob Sheikh & Company
(Chartered
Accountants)
Near HBL Building, Near Auto Plaza, Dera Adda
Chowk, Multan, Pakistan
Legal
Status
Subject Company was established as Private Limited Company in 1996
|
Authorized Capital |
Rs. 100,000,000/- divided into 1,000,000
shares of Rs. 100/- each |
|
Issued & Paid
up Capital |
Rs. 50,000,000/- divided into 500,000 shares
of Rs. 100/- each |
Details
of Directors
|
Names |
Address |
Occupation |
Designation |
|
Mr. Hafiz Mahmood Ahmad Shad Mr. Muhammad Ahmad
Shad Mr. Abid Masood |
105, 1st
Floor, GCL Centre, 105, 1st
Floor, GCL Centre, 105, 1st
Floor, GCL Centre, |
Business Business Business |
Chief Executive Director Director |
Shareholders
|
Name |
No.
of Shares |
|
Mr. Hafiz Mahmood Ahmad Shad Mr. Muhammad Ahmad Shad Mr. Abid Masood |
202,000 96,500 201,500 |
Associated
Companies
(1) Agro Service, Pakistan.
(2) Iron Store, Pakistan.
(3) Sundus Fertilizer & Chemicals,
Pakistan.
(4) Hextar Chemicals Pakistan (Pvt) Limited,
Pakistan.
Business
Activities
Company is engaged in the development and marketing of Agro Chemical Products such as insecticides,
herbicides, fungicides, matricides, etc. Subject conducts marketing in all
parts of
Number
of Employees
82
Annual
Sales Volume
|
Year |
In
Pak Rupees |
|
2009 |
120,000,000/- (Estimated) |
Annual
Production Capacity
Annual Company’ production is indeterminable
as its multi-products and involves various process of manufacturing
Trade
Suppliers
(1) YANCHENG FOREIGN TRADE CORP.
(2) SINOCHEM QINGDAO
CO. LTD,
(3) SHANGHAI FOREVER CHEMICAL CO. LTD,
Distributors
Network
Mainly exist at all major cities of Pakistan
Bankers
·
Faysal Bank Limited,
· Allied Bank Limited, Pakistan
· Bank Alfalah Limited, Pakistan.
·
· United Bank Limited, Pakistan.
· Habib Bank Limited, Pakistan.
Memberships
·
Multan Chamber of Commerce & Industry.(MCCI)
Foreign
Exchange Rates
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 84.20 |
|
|
1 |
Rs. 138.19 |
|
Euro |
1 |
Rs. 122.13 |
Comments
Subject Company was established in 1996 and is engaged in the
development and marketing of crop protection products such as insecticides,
Herbicides, Fungicides, Matricides. Also engaged in import and trading of Pesticide Raw Materials,
Chemicals. 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.44.30 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.