MIRA INFORM REPORT

 

 

Report Date :           

04.07.2011

 

IDENTIFICATION DETAILS

 

Name :

JAVAID INTERNATIONAL (PVT) LIMITED

 

 

Registered Office :

Jilani Centre, Plot No. 1, 92-Main Ravi Road, Near Allied Bank, Lahore

 

 

Country :

Pakistan

 

 

Year of Establishment :

1990

 

 

Com. Reg. No.:

0021520

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Plastic Sheets, Polyethylene (H.D.P.E/L.D.P.E), Polypropylene Woven Bags

 

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

b1

b1

 

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

 

JAVAID INTERNATIONAL (PVT) LIMITED

 

 

Full Address       

 

Registered Address

Jilani Centre, Plot No. 1, 92-Main Ravi Road, Near Allied Bank, Lahore, Pakistan

                       

Tel

92 (42) 111-200-600, 37722065, 37722066, 37720350

Fax

92 (42) 37720349

Email

jilanip@brain.net.pk,

ahsan1@wol.net.pk

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufacture & Marketing of Plastic Sheets, Polyethylene (H.D.P.E/L.D.P.E), Polypropylene Woven Bags

b.

Year Established

1990

c.

Registration #

0021520

 

 

Branches

 

In Lahore at present

 

 

Auditors

 

Anjum Asim Shahid Rehman

(Chartered Accountants)

1-Inter Floor, Eden Centre, 43-Jail Road, Lahore, Pakistan

 

 

Legal Status

 

Subject Company was established as a Private Limited Company in 1990

 

 

 

Authorized Capital

Rs. 200,000,000/- divided into 2,000,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 194,350,000/- divided into 1,943,500 shares of Rs. 100/- each

 

 

Details of Management

 

Names

Designation

Mr. Sheikh Muhammad Jilani

 

Miss. Sadia Jillani

 

Mrs. Sabahat Ahsan

 

Mrs. Aneela Ashraf

 

Mr. Ahsan Ashraf

 

Mr. Sheikh Abdul Hameed

 

Mst. Anwar Sultana

 

Mst. Munazza Jillani

Chief Executive

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

 

Shareholders                

 

Names

No. of Shares

Mr. Sheikh Muhammad Jilani

 

Miss. Sadia Faisal

 

Mrs. Sabahat Ahsan

 

Mrs. Aneela Ashraf

 

Mr. Ahsan Ashraf

 

Mr. Sheikh Abdul Hameed

 

Mst. Anwar Sultana

 

Mst. Munazza Jillani

 

Mrs. Mahum Jehanzeb

 

Mrs. Sana Shahzeb

 

Mr. Shahzeb Jillani

486,000

 

35,000

 

200,000

 

73,850

 

474,500

 

20,500

 

5,050

 

156,600

 

225,500

 

211,500

 

55,000

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

                                                             None                                            

           

B.         Associated Companies

 

- Do -

 

 

Business Activities

 

Subject Company is engaged in manufacture & marketing of Plastic Sheets, Polyethylene (H.D.P.E/L.D.P.E), Polypropylene Woven Bags.

 

It purchases raw material against L/C, D/A basis.

 

It sells its products against Cash / Credit terms.

 

It’s mainly import from China, Taiwan, Korea, Canada & U.A.E.

 

Its major customers are Distributors, Trading Companies, Wholesale markets etc.

 

Subject operates from caption leased office premises of area measuring 1,600 Sq.ft. which is situated at commercial area.

 

Subject employs about 90 persons in its set up.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2009

160,000,000/- (Estimated)

 

 

 

 

Trade Suppliers

(Foreign)

 

Various international belongs to China, Taiwan, Korea, Canada & U.A.E.

 

 

Bankers

 

(1)     Meezan Bank Limited, Pakistan

      (Mortgage obtained PKR 300,000,000/-)

(2)     Habib Metropolitan Bank Limited, Pakistan.

      (Mortgage obtained PKR 230,000,000/-)

 

 

Memberships

 

·         Lahore Chamber of Commerce & Industry.(LCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 86.05

UK Pound

1

           Rs. 137.60

Euro

1

           Rs. 123.00

 

 

Comments

 

Subject Company was established in 1990 and is engaged in manufacture and marketing business. Market reputation is good. Trade relations are reported as fair. Company can be considered for normal business dealings at usual trade terms and conditions.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.71.75

Euro

1

Rs.64.80

 

 

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.