MIRA INFORM REPORT

 

 

Report Date :

09.04.2014

 

IDENTIFICATION DETAILS

 

Name :

DILAWAR ENTERPRISE

 

 

Registered Office :

2nd Floor, Dilawar Mansion, Kanda Street, Murad Khan Road, Jodia Bazar, Karachi

 

 

Country :

Pakistan

 

 

Year of Establishments:

1993

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Engaged in import & trading of Commodities, Industrial Chemicals & Textile Chemicals

 

 

No. of Employees

06

 

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.

 

 

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 was 6.6% in 2013, 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. 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 following two years, 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 3.5% per year from 2008 to 2013. 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

 

Business Name

 

DILAWAR ENTERPRISE

 

 

Full Address       

 

Registered Address

2nd Floor, Dilawar Mansion, Kanda Street, Murad Khan Road, Jodia Bazar, Karachi, Pakistan

                       

Tel #

92 (21) 32473617, 32446451, 32446452, 32446453

Fax #

92 (21) 32446453

 

 

Short Description Of Business

 

a.

Nature of Business      

Engaged in Import & Trading of Commodities, Industrial Chemicals, Textile Chemicals

b.

Year Established

1993

 

 

Legal Status       

 

Subject Concern was established as a Partnership business in 1993. In 2011 it legal status was converted to Proprietorship business

 

 

Details of Proprietor

 

Names

Address

Occupation

Designation

Mr. Muhammad Dilawar

 

 

2nd Floor, Dilawar Mansion, Kanda Street, Murad Khan Road, Jodia Bazar, Karachi

Business

 

 

 

Proprietor

 

 

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

            None

           

B.         Associated Companies

- Do -

 

Business Activities

 

Engaged in import & trading of Commodities, Industrial Chemicals & Textile Chemicals

 

 

Number of Employees

 

6

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2012

18,000,000/- (Estimated)

 

 

Trade Suppliers

(Foreign)

 

Subject mainly import from Companies belongs to China, India, Korea, Thailand, Hong Kong, Germany & U.A.E.

 

 

Customers

 

Mainly Textile Manufacturers, Trading Companies etc

 

 

Bankers

 

·         Bank Al-Habib Limited, Pakistan.

·         MCB Bank Limited, Pakistan.

·         United Bank Limited, Pakistan.

·         Meezan Bank Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 100.00

UK Pound

1

           Rs. 165.35

Euro

1

           Rs. 136.50

 

 

Comments

 

Subject Concern was established in 1993 and is engaged in import & trading of Commodities, Industrial Chemicals & Textile Chemicals. 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.59.95

UK Pound

1

Rs.99.36

Euro

1

Rs.82.15

                

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.