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Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ANAM WEAVING MILLS (PVT.) LIMITED |
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|
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Registered Office : |
257- Y, Commercial Area, Phase III, D.H.A., Lahore |
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Country : |
Pakistan |
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Year of Establishment : |
1991 |
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Com. Reg. No.: |
0025621 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture & Export of Woven Grey Fabric |
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No. of Employees : |
300 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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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 September 30, 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 |
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Restricted |
C2 |
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Off-credit |
D |
ANAM WEAVING MILLS (PVT.) LIMITED
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Registered
Address |
|
257- Y, Commercial Area, Phase III, D.H.A., Lahore,
Pakistan |
|
Tel # |
92 (42) 35742190, 35742191, 35742192 |
|
Fax # |
92 (42) 35742189 |
|
Nature of Business |
Manufacture & Export of Woven Grey
Fabric |
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Year Established |
1991 |
|
Registration # |
0025621 |
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Address |
20 K.M., Ferozepur Road, Lahore, Pakistan |
|
Tel # |
92 (42) 35273371 - 75 (5 Lines) |
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Fax # |
92 (42) 35274412 |
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Muniff Zia-Ud-Din Junaidy & Co. (Chartered Accountants) 43 - 44, 3rd Floor, Sadiq Plaza, Shahrah-e-Quaid-e-Azam,
Lahore, Pakistan |
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Subject Company was established as a Private Limited Company in 1991 |
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Authorised Capital |
Rs. 120,000,000/- divided into 12,000,000 shares
of Rs. 10/- each |
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Issued & Paid up Capital |
Rs. 113,680,000/- divided into 11,368,000 shares of Rs. 10/- each |
|
Names |
Designation |
|
Mr. Abdul Jabbar H. Karim Mr. Mian Muhammad Ahsan Mr. Javed Arshad Bhatti Mrs. Shama Javed Mr. Muhammad Umer Mr. M. Siddique Bhatti Mr. Usman Ahsan Mr. Ali Ahsan Mr. Muhammad Saqib |
Chief Executive Director Director Director Director Director Director Director Director |
|
Names |
No. of Shares |
|
Mr. Mian Muhammad Ahsan Mr. Javed Arshad Bhatti Mrs. Shabnam Ahsan Mrs. Shama Javed Mr. Muhammad Umer Mr. M. Siddique Bhatti Mr. Usman Ahsan Mr. Ali Ahsan Mr. Muhammad Saqib Mr. Sohaib Javed U.S. Apparel & Textile (Pvt) Limited |
822,500 822,500 250,000 250,000 855,000 855,000 855,001 854,999 854,999 855,001 4,093,000 |
A. Subsidiary
None
B. Associated
Companies
(1) U. S.
Apparel & Textiles (Pvt) Ltd, Pakistan.
(2)
Shabbir Industries, Pakistan.
Subject Company is engaged in manufacture
& export of Woven Grey Fabric.
Its mainly import Textile Raw Materials,
Machineries through L/C, D/A, D/P basis.
Its main products are Woven Grey Fabric.
Its mainly export to USA, Canada, European
Countries & Far Eastern Countries.
Its mainly import from China, India,
Thailand, Indonesia, Korea & Taiwan.
Its main customers are Buying Agencies,
Distributors, reputable companies, worldwide.
Subject operates from caption leased office
premises measuring 500 Sq.Yards which is situated at residential + commercial
area of Lahore.
Subject employs more than 300 persons
in its set up.
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Year |
In Pak Rupees |
|
2010 |
600,000,000/- (Estimated) |
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Annual production volume is indeterminable
as it mainly depends on the requirement from their local as well as
international customers |
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Mainly Buying Agencies, Distributors, reputable companies, worldwide |
|
(1) Habib Bank Limited, Pakistan. (2) MCB Bank Limited, Pakistan. (3) Soneri Bank Limited, Pakistan. (4) Faysal Bank Limited, Pakistan. (5) KASB Bank Limited, Pakistan |
·
Lahore Chamber of Commerce & Industry.(LCCI)
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 90.90 |
|
UK Pound |
1 |
Rs. 143.50 |
|
Euro |
1 |
Rs. 119.80 |
Subject Company was established in 1991 and
is engaged in manufacture & export of Woven Grey Fabric. Market reputation is good. 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.48.94 |
|
|
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.65.94 |
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.