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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MEHTA BROTHERS (PRIVATE) LIMITED |
|
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Registered Office : |
7-C, Main Gulberg, Lahore |
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|
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Country : |
Pakistan |
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Year of Establishment : |
1983 |
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|
|
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Com. Reg. No.: |
0010003 |
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|
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Import, Indenting
& Trading of Poultry / Veterinary Medicines, Raw Pulses, Beans, Seeds,
Poultry Equipments etc |
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|
|
|
No. of Employees : |
45 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Pakistan |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MEHTA BROTHERS (PRIVATE) LIMITED
|
Registered Address |
|
7-C, Main Gulberg,
Lahore, Pakistan. |
|
Tel # |
92 (42) 35755580 - 83 (4 Lines) |
|
Fax # |
92 (42) 35776741, 35776744 |
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Email |
|
Nature of Business |
Import,
Indenting & Trading of Poultry / Veterinary Medicines, Raw Pulses, Beans,
Seeds, Poultry Equipments etc |
|
Year Established |
1983 |
|
Registration No. |
0010003 |
|
In Karachi & Rawalpindi |
|
Ford Rhodes Sidat Hyder & Co. (Chartered
Accountants) Mall View Building, 4 Bank Square, Lahore,
Pakistan |
|
Subject was established as a Private Limited Company in 1983. |
|
Authorized Capital |
Rs. 15,000,000/- divided into 150,000 shares of Rs.
100/- each |
|
Issued & Paid up Capital |
Rs. 10,900,000/- divided into 109,000 shares of Rs.
100/- each |
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Abdul Hai Mehta Mrs. Asma Hai Mr. Abdul Razzak Mehta Mr. Usman Hai Mrs. Rifat Hai |
Pakistani Pakistani Pakistani Pakistani Pakistani |
7-C, Main Gulberg, Lahore 7-C, Main Gulberg, Lahore 15/C, Defence Commercial Area, Karachi 7-C, Main Gulberg, Lahore 7-C, Main Gulberg, Lahore |
Business Household Business Business Household |
Chief Executive Director Director Director Director |
|
Names |
No. of Shares |
|
Mr. Abdul Hai Mehta Mr. Abdul Basit Mehta Mr. Rifat Hai Mr. Asma Hai Mr. Usman Hai Mr. Bilal Hai Mr. Abdul Razzak Mehta |
72,736 60 3,894 18,000 8,000 6,000 310 |
A. Subsidiary
None
B. Associated
Companies
(1) Progressive
Corporation (Pvt) Limited, Pakistan.
Import, Indenting & Trading of Poultry /
Veterinary Medicines, Raw Pulses, Beans, Seeds, Poultry Equipments etc
45
|
Year |
In Pak Rupees |
|
2010 |
120,000,000/- (Estimated) |
(1) HUTTENES ALBERTUS, GERMANY.
(2)
KBM
AFFILIPS, NETHERLAND.
(3)
ALUFINISH,
GERMANY.
(4)
ADISSEO,
FRANCE.
(5)
CHINOOK
GROUP INC, CANADA.
(6)
KRKA,
SLOVENIA.
(7)
ENTHONE,
GERMANY.
(8)
FASHION
STORE, TAIWAN.
|
Mainly Feed Millers, Wholesale Traders,
Retail Traders, Government Veterinary Organizations, Live Stocks and Farmers. |
(1) Bank Alfalah
Limited, Pakistan.
(2) Habib Metropolitan Bank Limited, Pakistan.
(3) Habib Bank Limited, Pakistan.
(4) Faysal Bank Limited, Pakistan.
(5) United Bank Limited, Pakistan.
·
Lahore Chamber of
Commerce & Industry.(LCCI)
|
Currency |
Unit |
Pakistani Rupees |
|
US Dollar |
1 |
Rs. 93.95 |
|
UK Pound |
1 |
Rs. 146.50 |
|
Euro |
1 |
Rs. 115.50 |
Subject Company was established in 1983 and
is engaged in import, indenting & trading of Poultry / Veterinary
Medicines, Raw Pulses, Beans, Seeds, Poultry Equipments etc. Market reputation
is satisfactory. Trade relations are reported as fair. Subject can be
considered for normal business dealings at usual trade terms & conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 SCs 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.