MIRA INFORM REPORT

 

 

Report Date :           

28.03.2011

 

IDENTIFICATION DETAILS

 

Name :

KASB INTERNATIONAL

 

 

Registered Office :

Office No. M-5, Mezzanine Floor, Mina Avenue, Behind Jinnah Terminal, Karachi

 

 

Country :

Pakistan

 

 

Date of Incorporation :

03.02.2011

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Import & Trading of Industrial Chemicals, Commodities, Tiles & Ceramics

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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)

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

 

KASB INTERNATIONAL

 

 

Full Address       

 

Registered Address

Office No. M-5, Mezzanine Floor, Mina Avenue, Behind Jinnah Terminal, Karachi, Pakistan

                       

Tel #

92 (21) 34249415 (Tel Nos. provided are wireless telephone)

Fax #

92 (21) 34249415 (Tel Nos. provided are wireless telephone)

 

 

Short Description Of Business

a.

Nature of Business      

Import & Trading of Industrial Chemicals, Commodities, Tiles & Ceramics

b.

Year Established

3rd February, 2011

c.

National Tax No.

3670790 - 2

 

 

 

 

 

 

Legal Status       

 

Subject Concern was established as a Proprietorship business in 3rd February, 2011

 

 

Details of Proprietor

 

Names

Address

Occupation

Designation

Mr. Ateeque Ahmed

Office No. M-5, Mezzanine Floor, Mina Avenue, Behind Jinnah Terminal, Karachi

Business

Proprietor

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

            None

           

B.         Associated Companies

 

            - Do -

 

 

Product/Services

 

Import & Trading of Industrial Chemicals, Commodities, Tiles & Ceramics

 

 

Number of Employees

 

1

 

 

Annual Sales Volume

(In Pak Rupees)  

 

Year

In Pak Rupees

2011

Not ascertained as the subject is a new Concern

 

 

Agencies

(Foreign)

 

Not disclosed by the Proprietor of the Concern

 

 

Customers

 

None

 

 

Bankers

 

Habib Bank Limited, Pakistan.

United Bank Limited, Pakistan.

NIB Bank Limited, Pakistan.

 

Note:

 

Concern ’s reputation is not good at local banks mentioned above.

 

 

 

Foreign Exchange Rates

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 85.15

UK Pound

1

           Rs. 136.21

Euro

1

           Rs. 118.91

 

 

 

 

 

 

 

Comments

 

Subject Concern  was established in 2011 and is engaged in import & trading business. Trade relations are not known. Concern  is not well known in the local businesses. Reliable market sources informed us that subject is engaged in fraud activities and warned us not to conduct any kind of business dealings with them. Subject can therefore be ignored for all kind of business dealings.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.91

Euro

1

Rs.63.28

 

 

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

 

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.