MIRA
INFORM REPORT
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Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
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Name : |
METAL HOUSE |
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Registered Office : |
67/D-1, Opposite Trust Investment Bank, Gulberg III, |
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Country : |
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Year of Establishment : |
2003 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import, Indenting & Trading of Steel
Scrap, Aluminium Scrap & Copper |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Business Name
METAL HOUSE
Full Address
Registered Address
|
|
67/D-1, Opposite Trust Investment Bank, Gulberg III, |
|
Tel # |
92 (42) 37120210, +923218407304 |
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Fax # |
92 (42) 37120210 |
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Email |
Short Description Of Business
|
Nature of Business |
Import, Indenting & Trading of Steel
Scrap, Aluminium Scrap & Copper |
|
Year Established |
2003 |
Branches
|
None |
Legal Status
|
Subject Company was established as a Proprietorship business in 2003 |
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Sikander Ajmal Butt |
Pakistani |
67/D-1, Opposite
Trust Investment Bank, Gulberg III, |
Business |
Proprietor |
Associated Companies
|
None |
Business Activities
Subject Company is engaged in import,
indenting & trading of Steel Scrap, Aluminium Scrap & Copper.
Local sales are mostly on cash / credit terms.
It’s mainly import from
Its’ major customers are Trading Companies, Private Companies.
Subject operates from caption leased office premises of area measuring
500 Sq.ft. which is situated at residential + commercial area of
Subject employs about 4
persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
18,000,000/- (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) Habib Bank Limited, |
Memberships
·
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 85.40 |
|
|
1 |
Rs. 138.25 |
|
Euro |
1 |
Rs. 118.72 |
Comments
Subject Company was established in 2003 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.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.