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Report Date : |
21.02.2013 |
IDENTIFICATION DETAILS
|
Correct Name : |
M. IMTIAZ DALL MILL |
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|
|
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Registered Office : |
Plot # E/7, S.I.T.E.
Area, Hyderabad |
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Country : |
Pakistan |
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Year of Establishment : |
1993 |
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|
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Com. Reg. No.: |
Not Available |
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|
Legal Form : |
Proprietorship Concern |
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|
|
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Line of Business : |
Processing & local sale of Pulses import &
trading of all type of Commodities & Pulses |
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|
|
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No. of Employees : |
60 employees |
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 |
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 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 more than 13% for 2011,
before declining to 9.3% at year-end. 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 the
second half of 2011, 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 2.9% per year from 2008 to 2011. 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 population. Other long term challenges include expanding investment
in education and healthcare, and reducing dependence on foreign donors.
|
Source : CIA |
M.
IMTIAZ DALL MILL
|
Registered Address
& Factory |
|
Plot # E/7, S.I.T.E.
Area, |
|
Tel # |
92 (22) 3886618, 3881286 |
|
Fax # |
92 (22) 3886618 |
Note:
The Correct Registered Name is M. Imtiaz Dall Mill. Kamal Dall Mill is not located at the address. Also not found in registry.
|
a. |
Nature of Business |
Engaged in Processing & local
sale of Pulses. Also engaged in import & trading of all type of
Commodities & Pulses |
|
b. |
Year Established |
1993 |
Subject Concern was established as a Proprietorship business in 1993
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Irfan |
Pakistani |
Plot # E/7, S.I.T.E. Area, |
Business |
Proprietor |
Subject Concern is engaged in the business as Processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities & Pulses.
It purchases against D/A, D/P basis.
It sells against Cash / Credit terms to its local customers.
It’s mainly import from Canada, Austria, India, Vietnam, Burma & Ukraine.
Its major customers are Retailers, Trading Companies etc.
Subject operates from caption leased office premises which is situated at industrial area.
Subject employs about 60 persons in its set up.
|
Year |
In Pak Rupees |
|
2010 |
70,000,000/- (Estimated) |
7,000 M-Tons Pulses per annum
(Foreign)
(1) KARPASA EXPORT (PVT) LIMITED, INDIA.
(2) PARKAS OVERSEAS, INDIA.
(3) JAISREE IMPEX (PTE) L
(4) PHOENIX COMMODITIES PVT LTD,
THAILAND.
·
United Bank Limited, Pakistan.
·
MCB Bank
Limited, Pakistan.
·
Bank
Alfalah Limited, Pakistan.
·
Meezan
Bank Limited, Pakistan.
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 94.55 |
|
|
1 |
Rs. 152.10 |
|
Euro |
1 |
Rs. 122.10 |
Subject Concern was established in 1993 and is engaged in processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities & Pulses. 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.54.05 |
|
UK Pound |
1 |
Rs.83.44 |
|
Euro |
1 |
Rs.72.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.