MIRA INFORM REPORT
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Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
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Name : |
T.A. ENTERPRISES |
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|
|
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Registered Office : |
M.R. 5/84, Thanai Lane, Jodia
Bazar, Karachi |
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|
|
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Country : |
Pakistan |
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|
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Year of Establishment : |
1990 |
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|
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Legal Form : |
Proprietorship Concern |
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|
|
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Line of Business : |
Import, Indenting
& Trading of Commodities & Desiccated Coconuts |
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 |
|
Status : |
Moderate |
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|
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Business Name
T.A. ENTERPRISES
Full Address
|
Registered Address |
|
M.R. 5/84, |
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Tel # |
92 (21) 32444383, 32431571 |
|
Fax # |
92 (21) 32431571 |
|
Email |
Short Description Of Business
|
a. |
Nature of Business |
Import, Indenting & Trading of
Commodities & Desiccated Coconuts |
|
b. |
Year Established |
1990 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 1990
Details of Management
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Tasneem Ahmed |
Pakistani |
M.R. 5/84, |
Business |
Proprietor |
Business Activities
Subject Concern is engaged in the business as Import, Indenting & Trading of Commodities & Desiccated Coconuts.
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, Vietnam, Portugal, Ukraine & Srilanka.
Its major customers are Food Companies, Trading Companies etc.
Subject operates from caption leased shop premises of area measuring 400 Sq.ft. which is situated at main commercial market of Karachi.
Subject employs about 3 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
15,000,000/- (Estimated) |
Trade Suppliers
(Foreign)
Subject mainly import from Companies belongs to China, India, Australia, Canada, Vietnam, Portugal, Ukraine & Srilanka
Bankers
·
Askari Bank Limited,
· Bank Alfalah Limited, Pakistan.
· United 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. 88.90 |
|
UK Pound |
1 |
Rs. 138.70 |
|
Euro |
1 |
Rs. 121.50 |
Comments
Subject Concern was established in 1990 and is engaged in import, indenting & trading of Commodities & Desiccated Coconuts. 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.47.89 |
|
UK Pound |
1 |
Rs.75.31 |
|
Euro |
1 |
Rs.65.64 |
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 |
|
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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.