MIRA
INFORM REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Name : |
AL-RAHEEM TRADING COMPANY |
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Registered Office : |
House |
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Country : |
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Date of Incorporation : |
1997 |
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Legal Form : |
Partnership Business |
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Line of Business : |
Import, Indenting & Trading of Textile
Chemicals, Dyes & Pigments, Textile Raw Materials etc |
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 : |
Moderate |
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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, 2010
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Business Name
AL-RAHEEM TRADING
COMPANY
Full Address
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Registered
Address |
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House |
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Tel # |
92 (42)
37157518, 37154437, +923009487129 |
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Fax # |
92 (42) 37154437 |
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Email |
Short Description Of Business
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a. |
Nature of Business |
Import, Indenting & Trading of Textile Chemicals, Dyes & Pigments,
Textile Raw Materials etc |
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b. |
Year Established |
1997 |
Branches
None
Legal Status
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Subject Company was established as a Partnership business in 1997 |
Details of Managing Partner /
Partners
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Ashfaq Ahmed Mrs. Ashfaq Ahmed |
Pakistani Pakistani |
House House |
Business Business |
Managing Partner Partner |
Business Activities
Subject Company is engaged in the business as import, indenting & trading of Textile Chemicals, Dyes &
Pigments, Textile Raw Materials etc.
It purchases against L/C, D/A, D/P basis.
It sells against Cash / Credit terms to its local customers.
It’s mainly import from
Its major customers are Textile Companies, Trading Companies etc.
Subject operates from caption leased office premises of area measuring
500 Sq.ft. which is situated at residential area.
Subject employs about 4 persons in its set up.
Annual Sales Volume
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Year |
In Pak Rupees |
|
2009 |
15,000,000/- (Estimated) |
Trade Suppliers (Foreign)
Subject mainly import from Companies belongs to
Bankers
(1)
MCB Bank Limited,
(2)
Bank Alfalah Limited,
(3)
United Bank Limited,
(4)
Faysal Bank Limited,
Memberships
·
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
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US Dollar |
1 |
Rs. 85.80 |
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|
1 |
Rs. 140.20 |
|
Euro |
1 |
Rs. 123.30 |
Comments
Subject Company was established in 1997 and
is engaged in import, indenting & trading business. Overall reputation is normal. 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.44.68 |
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|
1 |
Rs.73.04 |
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Euro |
1 |
Rs.64.29 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.