MIRA INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
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Name : |
AL-HARAM TRADERS |
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Registered Office : |
77/A, New Grain Market, Dijkot Road, Faisalabad |
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Country : |
Pakistan |
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Year of Establishment : |
1995 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Import, Indenting & Trading of Commodities, Food Chemicals, Other Food Products |
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No. of Employees
: |
6 |
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 : |
Small Concern |
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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 |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Business Name
AL-HARAM TRADERS
Full Address
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Registered
Address |
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77/A, New Grain Market, |
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Tel # |
92 (41) 2601640, 2601641, +923216602640 |
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Fax # |
92 (41) 2601641 |
Short Description Of Business
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a. |
Nature of Business |
Import, Indenting & Trading of Commodities, Food Chemicals, Other Food Products |
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b. |
Year Established |
1995 |
Branches
None
Legal Status
Subject Concern was established as a Proprietorship business in 1995
Details of Proprietor
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Younas Jamal |
Pakistani |
77/A, New Grain
Market, |
Business |
Proprietor |
Associated Companies
None
Business Activities
Subject Concern is
engaged in import, indenting & trading of Commodities, Food Chemicals,
Other Food Products.
Local sales are mostly on cash / credit terms to its local customers.
It’s mainly import from China, India, Australia, Canada, Vietnam, Ukraine, Thailand, Bangladesh & Singapore.
Its’ major customers are Food Companies, Retailers, Trading Companies etc.
Subject operates from caption leased shop premises of area measuring 600 Sq.ft. which is situated at main commercial market of Faisalabad.
Subject employs about 6 persons in its set up.
Annual Sales Volume
|
Year |
In Pak Rupees |
|
2009 |
20,000,000/- (Estimated) |
Trade Suppliers
(Foreign)
Subject mainly import from Companies belongs to
Bankers
(1) United Bank Limited,
(2) Bank Alfalah
Limited, Pakistan.
(3) MCB Bank Limited,
Pakistan.
(4) Faysal Bank Limited, Pakistan.
Memberships
·
Faisalabad Chamber of Commerce & Industry.(FCCI)
Foreign Exchange Rates
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 90.50 |
|
UK Pound |
1 |
Rs. 138.00 |
|
Euro |
1 |
Rs. 114.50 |
Comments
Subject Concern was established in 1995 and is engaged in import, indenting & trading business. Overall reputation is normal. 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.50.67 |
|
UK Pound |
1 |
Rs.77.72 |
|
Euro |
1 |
Rs.64.63 |
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 |
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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.