MIRA INFORM REPORT
|
Report Date : |
03.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
TREND TRADERS |
|
|
|
|
Registered Office : |
B-123, Block - 13, Federal ‘B’
Area, Karachi |
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|
|
|
Country : |
Pakistan |
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|
|
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Year of Establishment : |
2006 |
|
|
|
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Legal Form : |
Partnership Concern |
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|
|
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Line of Business : |
Import, Indenting & Trading of Textile Products, Polyester Raw
Materials, Fabrics |
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|
|
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No. of Employees
: |
5 |
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 : |
Small Concern |
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|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Business Name
TREND
TRADERS
Full Address
|
Registered Address |
|
B-123, Block - 13, Federal ‘B’
Area, |
|
Tel # |
92 (21) 36366346 |
|
Fax # |
92 (21) 36366346 |
|
Email |
Short Description Of Business
|
a. |
Nature of Business |
Import, Indenting & Trading of Textile Products, Polyester Raw
Materials, Fabrics |
|
b. |
Year Established |
2006 |
Branches
None
Legal Status
Subject Concern was established as a Partnership business in 2006
Details of Managing Partner /
Partners
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Anis Mr. Tanveer Rehman |
Pakistani Pakistani |
B-123, Block - 13, Federal ‘B’ Area, B-123, Block - 13, Federal ‘B’ Area, |
Business Business |
Managing Partner Partner |
Associates
A. Subsidiary
None
B. Associated
Companies
(1) Falcon Latex
Products
(1) Subject Concern is engaged in import, indenting & trading of Textile Products, Polyester Raw Materials & Fabrics.
(2) It purchases raw material against D/A basis.
(3) Its mainly import from India, China, Korea & Taiwan.
(4) Its’ major customers are Manufacturers, Trading Companies etc.
(5) Subject operates from caption leased office premises of area measuring 600 Sq.ft which is situated at commercial area of Karachi.
(6) Subject employs about 5 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
6,000,000/-
(Estimated) |
Trade Suppliers (Foreign)
Subject mainly import from Companies belongs to India, China, Korea & Taiwan
Bankers
·
Habib Bank
Limited,
·
United Bank
Limited, Pakistan.
·
United Bank
Limited, Pakistan.
·
MCB Bank
Limited, Pakistan.
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 89.90 |
|
UK Pound |
1 |
Rs. 139.00 |
|
Euro |
1 |
Rs. 116.00 |
Comments
Subject Concern was
established in 2006 and is engaged in import,
indenting & trading of Textile Products, Polyester Raw Materials &
Fabrics. 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.53.30 |
|
UK Pound |
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.68.91 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.