MIRA INFORM REPORT

 

 

Report Date :           

22.10.2011

 

IDENTIFICATION DETAILS

 

Name :

BREEZE TRADERS

 

 

Registered Office :

174/176 E, Lodhi Centre, 1st Floor, Shah Alam Market, Lahore

 

 

Country :

Pakistan

 

 

Year of Establishment :

1991

 

 

Legal Form :

Partnership Concern

 

 

Line of Business :

Import & Sale of Cosmetics, Toiletries, Garments, Shoes 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 :

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

BREEZE TRADERS

 

 

Full Address

 

Registered Address

174/176 E, Lodhi Centre, 1st Floor, Shah Alam Market, Lahore, Pakistan

                       

Tel #

92 (42) 37666515, 37667266

Fax #

92 (42) 37670567

Email

breez-traders@yahoo.com

 

 

Short Description Of Business

 

a.

Nature of Business        

Import & Sale of Cosmetics, Toiletries, Garments, Shoes etc

b.

Year Established

1991

 

 

Branches

 

(1) Masha Allah Market, 1st Floor, Chadi Lane, Marriot Road, M.A. Jinnah Road, Karachi, Pakistan

 

(2)  1 - 4, B-Block, Shah Shopping Centre, Jamrud Road, Industrial Area, Peshawar, Pakistan

 

 

Legal Status

 

Subject Concern  was established as a Partnership business in 1991

           

 

Details of Managing Partner / Partners

 

Names

Nationality

Address

Occupation

Designation

Mr. Ghulam Mohammad

 

 

 

Mr. Syed Qutab Shah

 

 

 

Mr. Abdul Majeed Bhirea

 

 

 

 

Mr. Syed Mustafa Shah

 

 

 

Mr. Waqar-ur-rehman

Pakistani

 

 

 

 

Pakistani

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

Pakistani

 

1 - 4, B-Block, Shah Shopping Centre, Jamrud Road, Industrial Area, Peshawar, Pakistan

 

1 - 4, B-Block, Shah Shopping Centre, Jamrud Road, Industrial Area, Peshawar, Pakistan

 

Masha Allah Market, 1st Floor, Chadi Lane, Marriot Road, M.A. Jinnah Road, Karachi, Pakistan.

 

1 - 4, B-Block, Shah Shopping Centre, Jamrud Road, Industrial Area, Peshawar, Pakistan

 

1 - 4, B-Block, Shah Shopping Centre, Jamrud Road, Industrial Area, Peshawar, Pakistan

Business

 

 

 

 

Business

 

 

 

 

Business

 

 

 

 

 

Business

 

 

 

 

Business

Managing Partner

 

 

 

Partner

 

 

 

 

Partner

 

 

 

 

 

Partner

 

 

 

 

Partner

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None

           

B.         Associated Companies

 

         - Do -

 

 

Import of

 

Import & sale of Cosmetics, Toiletries, Garments, Shoes etc

Number of Employees                       

 

40

        

 

Annual Sales Volume

 

Year

In Pak Rupees

2009

70,000,000/- (Estimated)

 

 

Trade Suppliers

(Foreign)

 

(1) DIAL CORPORATION, U.S.A.

(2) FREEMAN BEAUTY LABS, U.S.A.

(3) AMERICAN INT., INDS, U.S.A.

(4) HAY-TEC INTERNATIONAL, U.S.A.

(5) FLORENA COSMETICS, GERMANY.

(6) M+C SHIFFER GMBH, GERMANY.

(7) CONSTANCE CARROLL PLC, UNITED KINGDOM.

(8) E.T. BROWNE DRUG CO. INC, U.S.A.

(9) SPADARO INTL SERVICES, U.S.A.

 

 

Customers

           

(1) AGHAS’ SUPERMARKET, KARACHI, PAKISTAN.

(2) ARY CASH & CARRY, KARACHI, PAKISTAN.

(3) ASTRA SUPERMARKET, KARACHI, PAKISTAN.

(4) IMTIAZ STORE, KARACHI, PAKISTAN.

(5) NAHEED SUPER STORE, KARACHI, PAKISTAN.

(6) TIME MEDICOS, KARACHI, PAKISTAN.

(7) AL FATAH DEPARTMENTAL STORE, LAHORE, PAKISTAN.

(8) DECENT DEPARTMENTAL STORE, LAHORE, PAKISTAN.

(9) AVON SUPERSTORE, PESHAWAR, PAKISTAN.

(10) D’MALL SUPERSTORE, PESHAWAR, PAKISTAN.

(11) JAN’S ARCADE SUPERMARKET, PESHAWAR, PAKISTAN.

(12) DAVITSON SUPERSTORE, ISLAMABAD, PAKISTAN.

(13) AL-KAUSAR STORE, ISLAMABAD, PAKISTAN.

(14) JABBAR SUPERSTORE, QUETTA, PAKISTAN.

(15) GOOD LUCK STORE, QUETTA, PAKISTAN.

 

 

 

Bankers

 

·         Citibank N.A., Pakistan.

·         Habib Bank AG Zurich, Pakistan.

·         Bank Al Falah Limited, Pakistan.

·         Muslim Commercial Bank Ltd, Pakistan.

·         United Bank Ltd, Pakistan.

 

 

Brief Profile Of Main Managing Partner / Partners

 

Mr. Ghulam Muhammad

Pakistani National by birth aged about 48 with over 25 years experience specially for the marketing and distribution of Cosmetics, Toiletries, Garments & Shoes. 

 

Mr. Abdul Majeed Bhirea

A Business Graduate belongs to business community with over 25 years experience in the field of business contacts with Manufacturers and suppliers and handling logistic and market development matters.

 

 

Memberships

 

·         Lahore Chamber of Commerce & Industry.(LCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 86.80

UK Pound

1

           Rs. 136.80

Euro

1

           Rs. 119.30

 

 

Comments

                      

Subject Concern  was established in 1991 and is engaged in import & sale of Cosmetics, Toiletries, Garments and Shoes to well known departmental & chain stores of Pakistan. 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.50.07

UK Pound

1

Rs.79.16

Euro

1

Rs.69.04

 

 

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%)

 

 

 

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.