%20LIMITED%20-%20134671%2007-Mar-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
NATIONWIDE
INDUSTRIES (PVT) LIMITED |
|
|
|
|
Registered Office : |
Room No. 205, 2nd
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1982 |
|
|
|
|
Com. Reg. No.: |
0009236 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Radiators & Exhaust Systems |
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Business Name
NATIONWIDE INDUSTRIES (PVT) LIMITED
Full Address
Registered Address
|
|
Room No. 205, 2nd
|
|
Tel # |
92 (21) 32728739, 32722475 |
|
Fax # |
92 (21) 32722360 |
Short Description Of Business
|
Nature of Business |
Engaged in manufacture of
Radiators & Exhaust Systems |
|
Year Established |
1982 |
|
Registration # |
0009236 |
Factory Location
|
Address |
Plot 177/23, Korangi Industrial Area, |
|
Tel # |
92 (21) 35066242, 35055152 |
|
Fax # |
92 (21) 35055152 |
Auditors
|
Z. Lakhani & Co. (Chartered
Accountants) 40-L, P.E.C.H.S., |
Legal Status
|
Subject Company was established as a Private Limited Company in 1982 |
|
Authorized Capital |
Rs. 25,000,000/- divided into 250,000 shares
of Rs. 100/- each |
|
Issued & Paid up Capital |
Rs. 11,775,000/- divided into 117,750 shares
of Rs. 100/- each |
Details of Chief Executive/
Directors
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Mansoor Ali Mrs. Zaib Mansoor Ali Mr. Sohail Mansoor Mr. Jawed Mansoor |
Pakistani Pakistani Pakistani Pakistani |
Room No. 205, 2nd Room No. 205, 2nd Room No. 205, 2nd Room No. 205, 2nd |
Business Business Business Business |
Chief Executive Director Director Director |
Shareholders
|
Names |
No. of Shares |
|
Mr. Mansoor Ali Mrs. Zaib Mansoor Ali Mr. Sohail Mansoor Mr. Jawed Mansoor |
55,468 22,275 19,485 20,522 |
Associates
A. Subsidiary
None
B. Associated
Companies
(1)
Paramount Radiators,
(2)
Excel Industries,
(3)
(4)
Saify Autos,
(5)
Model Enterprises (Pvt)
Limited,
(6)
Curve Technologies (Pvt)
Limited,
Products
AWAMI, CHAMPION,
DIAMOND
Number of Employees
250
Trade Suppliers (Foreign)
Subject mainly import from Companies belongs to Europe,
Annual Production Volume
The production capacity of the plant cannot be
determined as this depends on the relative proportions of various types of
components.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
500,000,000/-
(Estimated) |
Customers
|
Mainly Automobile Manufacturers,
Distribution Companies, Trading Companies etc |
Bankers
(1) Habib
Metropolitan Bank Limited,
(2) Allied Bank
Limited,
(3) Bank Alfalah
Limited,
(4) Soneri Bank
Limited,
(5) Standard
Chartered
Memberships
·
·
Federation
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 1982 and is engaged in manufacture of Radiators & Exhaust
Systems. Market reputation is good in
the local businesses. 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.