MIRA INFORM REPORT

 

 

Report Date :           

10.03.2012

 

IDENTIFICATION DETAILS

 

Name :

FADI HERBS CO.

 

 

Registered Office :

T. B Road Near Wahid Bukhss, Kothi Khuni Burj, Multan

 

 

Country :

Pakistan

 

 

Year of Establishment :

2004

 

 

Legal Form :

Proprietorship Concern 

 

 

Line of Business :

Subject is engaged in import, export & trading of Crude Drugs, Spices, Dry Fruits & other Agricultural Products.

 

 

No. of Employees :

02

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Concern

 

 

Payment Behaviour :

Unknown

 

 

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

 

FADI HERBS CO.

 

 

Full Address       

 

Registered Address

T. B Road Near Wahid Bukhss, Kothi Khuni Burj, Multan, Pakistan

                       

Tel #

92 (61) 8163737, 4781097, +923006326594

Fax #

92 (61) 4781097

 

 

Short Description Of Business

 

a.

Nature of Business        

Import, Export & Trading business

b.

Year Established

2004

 

 

Branches

 

None

 

 

Legal Status

 

Subject Concern  was established as a Proprietorship business in 2004

 

 

Details of Management

 

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Riaz

Pakistani

 

 

 

T. B Road Near Wahid Bukhss, Kothi Khuni Burj, Multan

Business

 

 

Proprietor

 

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

                        None                                            

           

B.         Associated Companies

 

            - Do -

 

 

Business Activities

 

Subject Concern  is engaged in import, export & trading of Crude Drugs, Spices, Dry Fruits & other Agricultural Products.

 

It purchases against D/A basis.

 

It sells against Cash to its local customers.

 

Its’ major customers are Individuals, Retailers etc.

 

Subject operates from caption leased shop premises of area measuring 300 Sq.ft. which is situated at main commercial market of Multan.

 

Subject employs about 2 persons in its set up.

 

 

Importing Countries

 

Mainly from India & China

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2010

4,000,000/- (Estimated)

 

Bankers

 

(1) United Bank Limited, Pakistan.

(2) Allied Bank Limited, Pakistan.

(3) MCB Bank Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 90.90

UK Pound

1

           Rs. 144.00

Euro

1

           Rs. 120.50

 

 

Comments

 

Subject Concern  was established in 2004 and is engaged in import, export & trading business. Trade relations are not known. Concern  is not well known in the local businesses. Such as conducting business activity with the subject is considered to be a trade risk.         

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.79.00

Euro

1

Rs.66.18

 

 

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%)

 

 

 

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