MIRA INFORM REPORT

 

 

Report Date :           

04.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SHELL PAKISTAN LIMITED

 

 

Registered Office :

Shell House, 6, Ch. Khaliquzzaman Road, Karachi

 

 

Country :

Pakistan

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1969

 

 

Com. Reg. No.:

0002914

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

The Company markets Petroleum Products and Compressed Natural Gas

 

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

 

Maximum Credit Limit :

PKR 10,000,000

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

 

                       

Business Name

 

SHELL PAKISTAN LIMITED

 

 

Full Address       

 

Registered Address

Shell House, 6, Ch. Khaliquzzaman Road, Karachi, Pakistan

                       

Tel #

92 (21) 35689525, 35689530

Fax #

92 (21) 35660071, 35630110

Website

www.shell.com.pk

 

 

Short Description Of Business

 

a.

Nature of Business        

The Company markets Petroleum Products and Compressed Natural Gas

b.

Year Established

1969

c.

Registration #

0002914

 

 

Branches

 

In Lahore & Islamabad

 

 

Auditors

 

A.F. Ferguson & Co.

(Chartered Accountants)

 

Legal Status

 

Subject Company was incorporated as a Public Limited Company in 1969

 

 

 

Details of Directors

 

Names

Designation

Mr. Zaivji Ismail Bin Abdullah

 

Mr. Michael Noll

 

Mr. Farrukh K. Captain

 

Mr. Chong Keng Cheen

 

Mr. Gary Fisher

 

Mr. Imran R. Ibrahim

 

Mr. Zaffar A. Khan

 

Ms. Shahnaz Wazir Ali

 

Mr. Omar Yaqoob Sheikh

 

Mr. Sarim Sheikh

 

Mr. Badaruddin F. Vellani

Chairman & Chief Executive

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

Director

 

 

Shareholders                

 

Categories

Shareholding (%)

Individuals

 

Investment Companies

 

Insurance Companies

 

Joint Stock Companies

 

Modaraba Companies

 

Financial Institutions

 

Associated Companies

 

Abandoned Properties

 

Others

14.59

 

0.65

 

4.63

 

0.58

 

0.03

 

0.97

 

76.11

 

0.17

 

2.27

 

 

Holding Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

 The Shell Petroleum Company Limited, London.

 

 

Business Activities

 

The Company markets Petroleum Products and Compressed Natural Gas

 

 

Number of Employees

 

500

 

 

Annual Production Volume

 

The capacity and production of the company’s plant is indeterminable as it is multi-product and involves varying processes of manufacture

 

 

Annual Sales Volume

 

Years

In Pak Rupees

2009

2010

177,110,208,000/-

223,813,592,000/-

 

 

Agencies (Foreign)

 

Subject mainly import from Companies belongs to Europe, U.S.A., China, Korea & Japan

 

 

Distributors Network

 

Mainly exist at all important cities of Pakistan

 

 

Bankers

 

·         Habib Bank Limited, Pakistan.

·         Citibank N.A., Pakistan.

·         Faysal Bank Limited, Pakistan.

·         Bank Alfalah Limited, Pakistan.

·         United Bank Limited, Pakistan.

·         HSBC Bank Middle East Limited, Pakistan.

·         Royal Bank of Scotland, Pakistan.

 

 

Memberships

 

·         Federation Pakistan Chamber of Commerce & Industry.(FPCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 85.95

UK Pound

1

           Rs. 138.00

Euro

1

           Rs. 124.00

 

 

Comments

 

Subject Company was established in 1969. The Company markets Petroleum Products and Compressed Natural Gas. 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.