MIRA INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SHAMOIL RAFIQ |
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Registered Office : |
F-202, 2nd Floor, Sana Villas, Plot # 224, Prince Aly Khan Street, Garden East, Karachi |
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Country : |
Pakistan |
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Year of Establishment : |
1991 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Import, Indenting & Trading of Pulses, Spices & Commodities |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Pakistan |
b2 |
b2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Business Name
SHAMOIL RAFIQ
Full Address
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Registered Address |
|
F-202, 2nd Floor, Sana Villas, Plot # 224,
Prince Aly Khan Street, Garden East, Karachi, Pakistan |
|
Tel # |
92
(21) 32416923, 32423311 |
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Fax # |
92
(21) 32424414, 32227610 |
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Email |
Short Description Of Business
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a. |
Nature of Business |
Import, Indenting & Trading of Pulses,
Spices & Commodities |
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b. |
Year Established |
1991 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 1991
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Shamoil Rafiq Mr. Rafiq Selani |
Pakistani Pakistani |
F-202, 2nd Floor,
Sana Villas, Plot # 224, Prince Aly Khan Street, Garden East,
Karachi F-202, 2nd Floor, Sana Villas, Plot # 224, Prince Aly Khan Street, Garden East, Karachi |
Business Business |
Proprietor Manager (Import) |
Associated Companies
(1)
(2) Selani International (Pvt) Limited, Pakistan.
Business Activities
Subject Concern is engaged in import, indenting & trading of Pulses, Spices & Commodities.
It purchases against L/C, D/A basis.
It sells against Cash / Credit terms to its local customers.
It’s mainly import from China, India, Australia, Canada, Portugal, Thailand, Ukraine & Vietnam.
Its major customers are Traders, Retailers, Food Companies etc.
Subject operates from caption leased office premises of area measuring 600 Sq.ft. which is situated at main commercial area of Karachi.
Subject employs about 6 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
35,000,000/- (Estimated) |
Trade Suppliers
(Foreign)
Various International belongs to China, India, Australia, Canada, Portugal, Thailand, Ukraine & Vietnam
Bankers
·
Soneri Bank Limited,
· Meezan Bank Limited, Pakistan.
· United Bank Limited, Pakistan.
· MCB Bank Limited, Pakistan.
· Habib Bank Limited, Pakistan.
Memberships
· Karachi Chamber of Commerce & Industry.(KCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 86.30 |
|
UK Pound |
1 |
Rs. 137.60 |
|
Euro |
1 |
Rs. 118.50 |
Comments
Subject Concern was established in 1991 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.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
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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 |
|
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 |
|
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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.