|
Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
MATCO RICE PROCESSING (PVT) LIMITED |
|
|
|
|
Registered Office : |
L-24-1, Block 21, Federal B Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1990 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Processing & Export of Rice |
|
|
|
|
No. of Employees : |
295 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MATCO RICE
PROCESSING (PVT) LIMITED
|
Registered
Address & Mill |
|
L-24-1, Block 21, Federal B Industrial
Area, |
|
Tel # |
92 (21) 36323137, 36312896, 36315584, +923018250969 |
|
Fax # |
92 (21) 36338819 |
|
Email |
|
Nature of Business |
Processing &
Export of Rice |
|
Year Established |
1990 |
|
National Tax # |
0021510 |
In
|
Anjum Asim Shahid Rahman (Chartered
Accountants) 1st & 3rd Floor, Modern Motors House, |
|
Subject Company was established as a Private Limited Company in 1990 |
|
Authorized Capital |
Rs. 700,000,000/- divided into 70,000,000 shares
of Rs. 10/- each |
|
Issued & Paid up Capital |
Rs. 466,288,500/- divided into 46,628,850 shares
of Rs. 10/- each |
Names
|
Designation |
|
Mr. Jawed Ali Ghouri Mr. Khalid Sarfaraz Ghouri Mr. Tariq Ghouri |
Chief Executive Director Director |
|
Names of Shareholders |
No of Shares |
|
Mr. Jawed Ali Ghouri Mr. Khalid Sarfaraz Ghouri Mr. Tariq Ghouri Mrs. Naheed Jawed Mrs. Nazhat Khalid Mrs. Sadaf Tariq Mr. Faizan Ali Ghouri |
18,216,540 13,703,670 13,718,640 285,000 285,000 270,000 150,000 |
|
(1) Matco Marketing Company, |
Subject Company is engaged in Processing & Export of Rice.
In case of export, payment would be accepted
through L/C, T.T. basis.
Local sales are mostly on cash basis.
Its mainly export to Middle East &
European Countries.
Its major customers are Traders, Retailers,
Subject operates from caption leased factory
premises acquired more than 250,000 Sq.ft which is situated in industrial area.
Subject employs about 295 persons in its set up.
Basis - 50.m.ton/hour rice processing capacity
|
Year |
In Pak Rupees |
|
2011 |
1,250,000,000/- (Estimated) |
|
(1) LOUIS DREYFUS OF (2) ADM-RICE, INC of (3) ASCOT COMMODITIES OF (4) (5) OVLAS TRADING SA OF (6) HOLBUD LIMITED OF (7) VOEST ALPINE OF |
(1) Faysal Bank
Limited,
(2) MCB Bank
Limited,
(3) Habib
Metropolitan Bank Limited,
(4) Habib Bank
Limited,
(5) KASB Bank
Limited,
Sound
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 95.10 |
|
|
1 |
Rs. 146.60 |
|
Euro |
1 |
Rs. 118.30 |
Subject Company was established in 1990 and is engaged in processing
& export of Rice. Payment
pattern is found to be satisfactory. Trade relations are reported as fair. Financial
position of the Company is sound and has enough resources to meet the financial
obligations. 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.55.79 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.70.07 |
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.