|
Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
|
Correct Name : |
ATHER JAMIL IMP EXP & WHOLESALE TEA DEALER |
|
|
|
|
Registered Office : |
Katra Neel, Chowk
Yadgar, Peshawar |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Year of Establishments: |
2001 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
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Line of Business : |
Import &
Trading of Tea |
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|
|
|
No. of Employees : |
04 |
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 |
|
|
|
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Payment Behaviour : |
No Complaints |
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|
|
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Pakistan |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
pakistan ECONOMIC OVERVIEW
Decades of
internal political disputes and low levels of foreign investment have led to
slow growth and underdevelopment in Pakistan. Agriculture accounts for more
than one-fifth of output and two-fifths of employment. Textiles account for
most of Pakistan's export earnings, and Pakistan's failure to expand a viable
export base for other manufactures has left the country vulnerable to shifts in
world demand. Official unemployment is under 6%, but this fails to capture the true
picture, because much of the economy is informal and underemployment remains
high. Over the past few years, low growth and high inflation, led by a spurt in
food prices, have increased the amount of poverty - the UN Human Development
Report estimated poverty in 2011 at almost 50% of the population. Inflation has
worsened the situation, climbing from 7.7% in 2007 to almost 12% for 2011,
before declining to 10% in 2012. As a result of political and economic
instability, the Pakistani rupee has depreciated more than 40% since 2007. The
government agreed to an International Monetary Fund Standby Arrangement in
November 2008 in response to a balance of payments crisis. Although the economy
has stabilized since the crisis, it has failed to recover. Foreign investment
has not returned, due to investor concerns related to governance, energy,
security, and a slow-down in the global economy. Remittances from overseas
workers, averaging about $1 billion a month since March 2011, remain a bright
spot for Pakistan. However, after a small current account surplus in fiscal
year 2011 (July 2010/June 2011), Pakistan's current account turned to deficit
in fiscal year 2012, spurred by higher prices for imported oil and lower prices
for exported cotton. Pakistan remains stuck in a low-income, low-growth trap,
with growth averaging about 3% per year from 2008 to 2012. Pakistan must
address long standing issues related to government revenues and energy
production in order to spur the amount of economic growth that will be necessary
to employ its growing and rapidly urbanizing population, more than half of
which is under 22. Other long term challenges include expanding investment in
education and healthcare, adapting to the effects of climate change and natural
disasters, and reducing dependence on foreign donors.
|
Source : CIA |
ATHER JAMIL IMP / EXP & WHOLESALE TEA
DEALER
|
Registered Address |
|
Katra Neel, Chowk
Yadgar, |
|
Tel # |
92 (91) 2213443,
2212195 |
|
Fax # |
92 (91) 2212195 |
|
Nature of Business |
Import & Trading of Tea |
|
Year Established |
2001 |
None
Subject Concern was established as a Proprietorship business in 2001
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr.
Ather Jamil |
Pakistani |
Katra Neel, Chowk Yadgar, |
Business |
Proprietor |
None
Subject Concern is engaged in import & trading of Tea.
It purchases against D/A, D/P basis.
It sells against cash terms to its local customers.
It’s mainly import from India, African Countries, Bangladesh & Srilanka
Its major customers are Trading Companies, Retailers etc.
Subject operates from caption leased office premises of area measuring 400 Sq.ft. which is situated at commercial market of Peshawar.
Subject employs about 4 persons in its set up.
|
Year |
In Pak Rupees |
|
2011 |
18,000,000/- (Estimated) |
(Foreign)
·
MCB Bank Limited,
Bank
Alfalah Limited, Pakistan.
Habib
Bank Limited, Pakistan.
United
Bank Limited, Pakistan.
· Khyber Pakhtoonkwa Chamber of Commerce & Industry.(KPCCI)
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 99.00 |
|
UK Pound |
1 |
Rs. 148.50 |
|
Euro |
1 |
Rs. 128.00 |
Subject Concern was established in 2001 and is engaged in import & trading of Tea. Trade relations are reported as fair. 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.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.