MIRA INFORM REPORT

 

 

Report Date :           

23.12.2011

 

IDENTIFICATION DETAILS

 

Name :

GHAZI STEEL INDUSTRIES (PVT) LIMITED

 

 

Registered Office :

37, 2nd Floor, Ahmed Complex, Dr. Bano Road, Off: M.A. Jinnah Road, Quetta,

 

 

Country :

Pakistan

 

 

Year of Establishment :

2005

 

 

Com. Reg. No.:

0051782

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Steel & Allied  Products

 

 

No. of Employees :

82 persons

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

GHAZI STEEL INDUSTRIES (PVT) LIMITED

 

 

Full Address       

 

Registered Address

37, 2nd Floor, Ahmed Complex, Dr. Bano Road, Off: M.A. Jinnah Road, Quetta, Pakistan

                       

Tel #

92 (81) 2830134, 2892713

Fax #

92 (81) 2892713

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufacture & Marketing of Steel & Allied  Products

b.

Year Established

2005

c.

Registration #

0051782

 

 

Factory Location

 

Phase IV, Quetta Industrial Trading Estate,

Sibi Road, Quetta, Pakistan       

 

 

Auditors

 

Muhammad Younus Ghazi

(Chartered Accountants)

 

 

Legal Status  

           

Subject Company was incorporated as a Private Limited Company in 2005

 

Authorized Capital

Rs. 100,000,000/- divided into 1,000,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 20,000,000/- divided into 200,000 shares of Rs. 100/- each

 

 

Details of Chief Executive / Directors

           

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Rasool

 

 

 

 

Mr. Zakir Khan

 

 

 

 

 

Mrs. Rozy Muhammad

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

 

37, 2nd Floor, Ahmed Complex, Dr. Bano Road, Off: M.A. Jinnah Road, Quetta

 

37, 2nd Floor, Ahmed Complex, Dr. Bano Road, Off: M.A. Jinnah Road, Quetta

 

37, 2nd Floor, Ahmed Complex, Dr. Bano Road, Off: M.A. Jinnah Road, Quetta

Business

 

 

 

 

 

Business

 

 

 

 

 

Business

 

Chief Executive

 

 

 

 

 

Director

 

 

 

 

 

Director

 

 

Shareholders

           

Names

No. of Shares

Mr. Muhammad Rasool

 

Mr. Zakir Khan

 

Mrs. Rozy Muhammad

100,000

 

20,000

 

80,000

 

 

Associated Companies

 

None

 

 

Products

 

Manufacture & Marketing of Steel & Allied  Products

 

 

Number of Employees

 

82        

 

 

Actual Steel Consumption

 

100,000 - 200,000 tons per annum

 

 

Annual Sales Revenue

 

Year

In Pak Rupees

2010

120,000,000/- (Estimated)

 

 

Importing Countries

 

Mainly from China, European Countries, Korea, Taiwan & U.K.

 

 

Bankers

 

·         Habib Bank Limited, Pakistan.(Mortgage obtained PKR: 337,804,000/-)

·         MCB Bank Limited, Pakistan.

·         Bank Alfalah Limited, Pakistan.

·         United Bank Limited, Pakistan.

 

 

 

Customers

 

Mainly Traders, Private Steel Manufacturing Companies etc

 

 

Memberships

 

·         Quetta Chamber of Commerce & Industry.(QCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

            Rs. 89.00

UK Pound

1

            Rs. 139.00

Euro

1

            Rs. 118.30

 

 

Comments

 

Subject Company was established in 2005 and is engaged in manufacture & marketing of Steel & Allied Products. 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.52.78

UK Pound

1

Rs.82.73

Euro

1

Rs.68.88

 

 

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.