MIRA INFORM
REPORT
|
Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
COLOURTEX DYES & CHEMICALS |
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Registered Office : |
69 - Circular Road, Lahore, Pakistan |
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Country : |
Pakistan |
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Year of Establishment : |
1993 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Import & Trading of Textile Chemicals, Dyes &
Pigments, Industrial Chemicals etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Pakistan |
b2 |
b2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Bottom of Form
Business Name
COLOURTEX DYES & CHEMICALS
Full Address
|
Registered Address |
|
69 - Circular
Road, Lahore, Pakistan |
|
Tel # |
92 (42) 37672520, 37672539 |
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Fax # |
92 (42) 37651275 |
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Email |
Short Description Of Business
|
a. |
Nature of Business |
Import & Trading of Textile Chemicals, Dyes & Pigments, Industrial Chemicals etc |
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b. |
Year Established |
1993 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 1993
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mrs. Amina Saeed Mr. Muhammad Saeed |
Pakistani Pakistani |
69 - Circular Road, Lahore 69 - Circular Road, Lahore |
Business Business |
Proprietor Manager (Import) |
Associates
A. Subsidiary
None
B. Associated
Companies
-
Do -
Business Activities
Subject Concern is engaged in Import & Trading of Textile Chemicals, Dyes & Pigments, Industrial Chemicals etc.
It purchases raw material against D/A basis.
It sells against Cash / Credit terms.
Its’ major customers are Textile Companies, Indenting Companies, Trading Companies.
Subject operates from caption leased shop premises of area measuring 500 Sq.ft. which is situated at commercial area.
Subject employs about 5 persons in its set up.
Importing Countries
Mainly from India, China & European Countries
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
30,000,000/- (Estimated) |
Bankers
(1) Faysal Bank Limited, Pakistan.
(2) United Bank Limited, Pakistan.
(3) Habib Bank Limited, Pakistan.
Memberships
·
Lahore Chamber of Commerce & Industry.(
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 85.70 |
|
UK Pound |
1 |
Rs. 138.40 |
|
Euro |
1 |
Rs. 120.40 |
Comments
Subject Concern was established in 1993 and is engaged in import
& 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.45.38 |
|
UK Pound |
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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 |
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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 |
|
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 |
|
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NB |
New Business |
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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.