MIRA INFORM REPORT

 

 

Report Date :

25.05.2012

 

IDENTIFICATION DETAILS

 

Name :

TECH TOOL

 

 

Registered Office :

16, First Floor, Hajvery Arcade, Kutchery Road, Multan

 

 

Country :

Pakistan

 

 

Year of Establishment :

2010

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

trading of CCTV System, Walkthrough Gates & Hand held Metal Detectors, Currency Choker Fire Alarm System, Watch Dog and Alarm System, Infrared parameters installation etc

 

 

No. of Employees :

02

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 3,000

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 – 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

 

TECH TOOL

 

 

Full Address       

 

Registered Address

 
16, First Floor, Hajvery Arcade, Kutchery Road, Multan, Pakistan

                       

Tel #

 
92 (61) 6019003, +923006338970

Fax #

92 (61) 6019003

Email

arshadbhtti@hotmail.com

 

 

Short Description Of Business

 

a.

Nature of Business      

Engaged in trading of CCTV System, Walkthrough Gates & Hand held Metal Detectors, Currency Choker Fire Alarm System, Watch Dog and Alarm System, Infrared parameters installation etc

b.

Year Established

2010

 

 

Legal Status       

 

Subject Concern  was established as a Proprietorship business in 2010

 

 

Details of Proprietor

 

Names

Address

Occupation

Designation

Mr. Arshad Iqbal Bhatti

 

16, First Floor, Hajvery Arcade, Kutchery Road, Multan

Business

Proprietor

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

                        None

           

B.         Associated Companies

                        - Do -

 

 

Product/Services

 

Engaged in trading of CCTV System, Walkthrough Gates & Hand held Metal Detectors, Currency Choker Fire Alarm System, Watch Dog and Alarm System, Infrared parameters installation etc

 

 

Number of Employees

 

2 

 

 

Annual Sales Volume

(In Pak Rupees)

 

PKR 1,000,000/- (Estimated)

 

 

Agencies

(Foreign)

 

Not Disclosed by the Proprietor

 

 

Customers

 

Mainly Private Companies, Trading Companies etc

 

 

Bankers

 

Allied Bank Limited, Pakistan.

Faysal Bank Limited, Pakistan.

United Bank Limited, Pakistan.

 

 

Observation  Noticed During Our Visit

 

We visited the office of the concern where following observations were made:

 

(1)        Name Board of the Concern  could not be sighted at the time of our visit.

(2)        The concern’s office is difficult to locate.

(3)        Subject is located at a commercial area of Multan.

(4)        Items such as Telephones could be seen at the concern’s office.

(5)        Subject office is not maintained properly.

 

Subject operates from rented office premises of area measuring 700 Sq. fts, which is located at commercial area of Multan.

 

 

Maximum Credit Limit

 

US$ 3,000

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

          Rs. 91.65

UK Pound

1

          Rs. 147.00

Euro

1

          Rs. 118.20

 

 

Comments

 

Concern looks very small sized and it seems that the main business of the concern is trading. From market sources no information is available, as the concern has not enough presence in the market. As per our observation the concern  is not very active in the business circle. Trade relations are not known. Therefore we do not recommend conducting any business activity with the subject Concern .

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.29

UK Pound

1

Rs.88.26

Euro

1

Rs.70.82

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.