MIRA INFORM REPORT

 

 

Report Date :

26.06.2012

 

IDENTIFICATION DETAILS

 

Name :

CHEMI COLOUR TRADING CO.

 

 

Registered Office :

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

 

 

Country :

Pakistan

 

 

Year of Establishment :

1956

 

 

Legal Form :

Partnership

 

 

Line of Business :

Import and Trading of Chemical & Chemical Compounds, Dyes & Chemicals, Dyes, Dyestuffs & Pigments, Textiles Auxiliaries.

 

 

No. of Employees :

12

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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)

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

 

CHEMI COLOUR TRADING CO.

 

 

Full Address       

 

Registered Address

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi, Pakistan

                       

Tel #

92 (21) 32410832, 32410833, 32410830

Fax #

92 (21) 32440614, 32414904

Email

chemi@cyber.net.pk

 

 

Short Description Of Business

 

a.

Nature of Business        

Import and Trading of Chemical & Chemical Compounds, Dyes & Chemicals, Dyes, Dyestuffs & Pigments, Textiles Auxiliaries.

b.

Year Established

1956

c.

National Tax #s

2487198

 

 

Branches

 

In Lahore & Multan                  

 

 

Legal Status

 

Subject Company was established as a Partnership business in 1956

 

 

Details of Managing Partner / Partners

 

Names

Nationality

Address

Occupation

Designation

Mr. Abdul Rashid

 

 

 

 

 

Mr. Abdul Ghafoor Khatri

 

 

 

 

Mr. Muhammad Siddiq

 

 

 

 

Mr. Muhammad Noor Abdul Shakoor

 

 

 

Mr. Abdul Rahim

 

 

 

 

 

Mr. Abdul Rauf

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

 

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

 

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

 

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

 

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

 

M.R 4/49, 1st Floor, Chemi Centre, Adamjee Dawood Road, Bombay Bazar, Karachi

Business

 

 

 

 

 

Business

 

 

 

 

 

Business

 

 

 

 

 

Business

 

 

 

 

 

Business

 

 

 

 

 

Business

Managing Partner

 

 

 

 

 

Partner

 

 

 

 

 

Partner

 

 

 

 

 

Partner

 

 

 

 

 

Partner

 

 

 

 

 

Partner

                

 

Associated Companies

 

(1) Chhipa Enterprises, Pakistan.

 

 

Business Activities

 

Subject Company is engaged in the business as import & trading of Chemical & Chemical Compounds, Dyes & Chemicals, Dyes, Dyestuffs & Pigments, Textiles Auxiliaries.

 

It sells against Cash or Credit terms.

 

It’s mainly import from Europe, India & China.

 

Its major customers are Retailers, Traders, Textile Companies, Garment Factories in major cities like Faisalabad, Lahore, Karachi & Multan.

 

Subject operates from caption leased office premises of area measuring 1,675 Sq.ft which is situated in commercial area.

 

Subject employs about 12 persons in its set up.

 

Annual Sales Volume

 

Year

In Pak Rupees

2010

80,000,000/- (Estimated)

 

 

Trade Suppliers (Foreign)

 

(1)         YORKSHIRE CHEMICALS PLC, UNITED KINGDOM.

(2)         DYSTAR TEXTILEFARBEN GMBH, GERMANY.

(3)         THAI AMBICA CHEMICALS CO. LTD. THAILAND.

(4)         JAY CHEMICAL INDUSTRIES LTD. INDIA.

(5)         ALVA CHEMICAL COMPANY, THAILAND

 

 

Bankers

 

(1)     MCB Bank Limited, Pakistan.

(2)     Habib Metropolitan Bank Limited, Pakistan.

(3)     Bank Alfalah Limited, Pakistan.

(4)     Soneri Bank Limited, Pakistan.

 

 

Memberships

 

·         Karachi Chamber of Commerce & Industry.(KCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

            Rs. 95.60

UK Pound

1

            Rs. 149.00

Euro

1

            Rs. 119.80

 

 

Comments

 

Subject Company was established in 1956 and is engaged in import and trading of Chemical & Chemical Compounds, Dyes & Chemicals, Dyes, Dyestuffs & Pigments, Textiles Auxiliaries. Trade relations are reported as fair. Payments to creditors etc are reported as normal. 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.56.53

UK Pound

1

Rs.88.09

Euro

1

Rs.70.83

 

 

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 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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.