MIRA INFORM REPORT

 

 

Report Date :           

24.08.2011

 

IDENTIFICATION DETAILS

 

Name :

ADEEL HAMZA OIL INDUSTRIES (PVT) LIMITED

 

 

Registered Office :

Plot No. 191-192, Sector I-9, Industrial Area, Islamabad

 

 

Country :

Pakistan

 

 

Year of Establishment :

1990

 

 

Com. Reg. No.:

0070081

 

 

Legal Form :

Partnership Concern

 

 

Line of Business :

manufacture & marketing of Vanaspati Ghee & Cooking Oil

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Pakistan

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Business Name

 

ADEEL HAMZA OIL INDUSTRIES (PVT) LIMITED

 

 

Full Address

 

Registered Address

Plot No. 191-192, Sector I-9, Industrial Area, Islamabad, Pakistan

                       

Tel #

92 (51) 4430237, 4430238, 4430040

Fax #

92 (51) 4433043

 

 

Short Description

 

a.

Nature of Business        

Engaged in manufacture & marketing of Vanaspati Ghee & Cooking Oil

b.

Year Established

1990

c.

Registration #

0070081

 

 

Branches

 

·         Plot No. 229/3, Sector 5, Korangi Industrial Area, Karachi, Pakistan.

·         113, 1st Floor, J.J. Centre Darayalal Street, Jodia Bazar, Karachi, Pakistan.

 

 

Auditors

 

Muhammad Iqbal & Co.

(Chartered Accountants)

3rd Floor, Al-Hijaz Plaza, 20-Edward Road, Nila Gumbad, Lahore, Pakistan

 

 

Legal Status            

 

Subject Concern  was established as a Partnership business in 1990. In 2009 its legal status was converted to Private Limited Concern

 

 

Authorized Capital

 

Rs. 50,000,000/- divided into 500,000 shares of Rs. 100/- each.

Issued & Paid up Capital

Rs. 500,000/- divided into 5,000 shares of Rs. 100/- each.

 

 

Details of Directors

 

Names

Designation

Mr. Atif Ikram

 

Mr. Zeeshan Suleman

 

Mrs. Zill-e-Huma

 

Mr. Sheikh Asif Saeed

 

Mr. Tariq Saeed

Chief Executive

 

Director

 

Director

 

Director

 

Director

 

 

Shareholders

 

Names

No of Shares

Mr. Atif Ikram

 

Mr. Sheikh Asif Saeed

 

Mr. Tariq Saeed

 

Mr. Zeeshan Suleman

 

Mrs. Zill-e-Huma

1,250

 

1,250

 

1,250

 

750

 

500

 

 

Business Activities

 

Engaged in manufacture & marketing of Vanaspati Ghee & Cooking Oil

 

 

Associates     

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

A.         Subsidiary

 

None

 

 

            B.         Associated Companies                  

 

(1) Mujahid Soap & Chemicals Industries (Pvt) Limited, Pakistan.

(2) Hafeez Iqbal Oil & Ghee Industries (Pvt) Limited, Pakistan.

(3) Zakariya Enterprises (Pvt) Limited, Pakistan.

(4) Atif Edible Oil Industries, Pakistan.

(5) Yaqoot Oil Processing & Extracting Mills (Pvt.) Ltd, Pakistan.

(6) Transtech Limited, Pakistan.

(7) Khyber Steels, Pakistan.

(8) Mujahid Enterprises, Pakistan.

(9) Crystal Board Mills (Pvt) Limited, Pakistan.

(10) Mujahid Filling Station, Pakistan.

 

 

Actual Production Volume        

 

75 Tons / day for Ghee and Cooking Oil Manufacturing

 

 

Number of Employees

 

100

 

           

    

Annual Sales Volume        

           

Year

In Pak Rupees

2009

600,000,000/- (Estimated)

 

 

Trade Suppliers

(Foreign)

 

(1) MEWAH OILS SDN BHD, MALAYSIA.

(2) M/S IOI EDIBLE OIL SDN BHD, MALAYSIA.

 

 

Distributors

 

Distributors at each district level through out Pakistan

 

 

Bankers

 

(1) Soneri Bank Limited, Pakistan.

(2) Meezan Bank Limited, Pakistan.

(3) Bank Al-Habib Limited, Pakistan.

(4) MCB Bank Limited, Pakistan.

(5) Habib Bank Limited, Pakistan.

 

 

Memberships

 

·         Rawalpindi Chamber of Commerce & Industry.(RCCI)

   

 

Foreign Exchange Rates

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 86.55

UK Pound

1

           Rs. 142.20

Euro

1

           Rs. 124.10

 

 

 

 

 

 

 

Comments

 

Subject Concern was established in 1990 and is engaged in manufacture & marketing of Vanaspati Ghee & Cooking Oil. Overall 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.45.69

UK Pound

1

Rs.75.29

Euro

1

Rs.65.77

 

 

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

----

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%)

 

 

 

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.