MIRA INFORM
REPORT
|
Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHOAIB TAYYAB INTERNATIONAL |
|
|
|
|
Registered Office : |
P-487-B, Peoples Colony No.1, Faisalabad |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Year of Establishment : |
1995 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Import, Indenting & Trading of Dyes & Pigments, Textile Chemicals, Industrial Chemical etc |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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
SHOAIB TAYYAB INTERNATIONAL
Full Address
Registered Address
|
|
P-487-B, Peoples Colony No.1, Faisalabad, Pakistan |
|
Tel # |
92 (41) 2647897, 2628512, 8749379, +923008661953 |
|
Fax # |
92 (41) 2636079 |
|
Email |
Short Description Of Business
|
a. |
Nature of Business |
Import, Indenting & Trading of Dyes & Pigments, Textile Chemicals, Industrial Chemical etc |
|
b. |
Year Established |
1995 |
|
c. |
National Tax # |
1115329 - 6 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 1995
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Hussain Mr. Tariq Ali |
Pakistani Pakistani |
P-487-B, Peoples Colony No. 1, Faisalabad P-487-B, Peoples Colony No. 1, Faisalabad |
Business Business |
Proprietor Manager (Import) |
Associated Companies
None
Business Activities
Subject Concern is engaged in import, indenting & trading of Dyes & Pigments, Textile Chemicals & Industrial Chemical etc.
Local sales are mostly on cash / credit terms basis.
Payments would be made through L/C, D/A basis.
It’s mainly import from China, India, Taiwan, Indonesia, Thailand, Korea & Bangladesh.
Its’ major customers are Textile Manufacturers, Buying Agencies, Trading Companies etc.
Subject operates from caption leased shop premises of area measuring 400 Sq.ft. which is situated at commercial market of Faisalabad.
Subject employs about 4 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
25,000,000/-
(Estimated) |
Trade Suppliers
(Foreign)
Subject mainly import
from Companies belongs to China, India,
Taiwan, Indonesia, Thailand, Korea & Bangladesh
Bankers
(1) Allied Bank Limited, Pakistan.
(2) Habib Bank Limited,
Pakistan.
(3) MCB Bank Limited,
Pakistan.
(4) Bank Alfalah Limited, Pakistan.
Memberships
·
Faisalabad Chamber of Commerce & Industry.(FCCI)
·
Pakistan Chemical & Dyes Merchants
Association.(PCDMA)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 84.65 |
|
UK Pound |
1 |
Rs. 121.30 |
|
Euro |
1 |
Rs. 138.20 |
Comments
Subject Concern was established in 1995 and is engaged in import, indenting & trading business. Market reputation is satisfactory. 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.44.78 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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.