MIRA INFORM
REPORT
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Report Date : |
18.07.2011 |
IDENTIFICATION DETAILS
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Name : |
CLASSIC INTERNATIONAL |
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Registered Office : |
Suite # 1, 1st
Floor, Byculla Mansion, New Challi, Karachi |
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Country : |
Pakistan |
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Year of Establishment : |
2004 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Import, Indenting & Trading
of Commodities |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
Business Name
CLASSIC INTERNATIONAL
Full Address
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Registered Address |
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Tel # |
92 (21) 32424275,
32424286 |
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Fax # |
92 (21) 32424286 |
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Email |
Short Description Of Business
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a. |
Nature of Business |
Import, Indenting & Trading
of Commodities |
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b. |
Year Established |
2004 |
Branches
In Hyderabad at present
Legal Status
Subject Concern was established as a Proprietorship business in 2004
Details of Management
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Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Jeevat Ram Mr. Kishan Chand |
Pakistani Pakistani |
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Business Business |
Proprietor Manager (Import) |
Associated Companies
(1) Classic Brokers,
(2) New Kohistan Dall Mill, Pakistan.
Business Activities
Subject Concern is engaged in Import, Indenting & Trading of Commodities.
It purchases against D/A basis.
It sells against Cash / Credit terms to its local customers.
It’s mainly import from India, Canada, Australia, China & Vietnam.
Its major customers are Traders, Food Companies, Retailers, Individuals etc.
Subject operates from caption leased office premises of area measuring 400 Sq.ft. which is situated at commercial area.
Subject employs about 5 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
15,000,000/- (Estimated) |
Trade Suppliers
(Foreign)
(1) JAISREE IMPEX (PTE)
LIMITED,
(2) PARKAS OVERSEAS, INDIA.
Bankers
·
Habib
Metropolitan Bank Limited, Pakistan.
·
Meezan Bank
Limited, Pakistan.
·
Bank
Alfalah Limited, Pakistan.
·
Faysal
Bank Limited, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 85.95 |
|
|
1 |
Rs. 138.10 |
|
Euro |
1 |
Rs. 121.00 |
Comments
Subject Concern was established in 2004 and is engaged in import, indenting & trading of Commodities. 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.44.53 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.62.98 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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NB |
New Business |
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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.