|
Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOON STAR SEEDS STORE (MSSS) |
|
|
|
|
Registered Office : |
10, Old Vegetable Market, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Export, Import and Seller- Agriculture Seeds |
|
|
|
|
No. of Employees : |
Not Available |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
MOON STAR SEEDS STORE
(MSSS)
|
Business Name |
Moon Star Seeds Star (MSSS) |
|
Address |
Registered
Address: 10, Old Vegetable Market, Hyderabad, Sindh |
|
Telephone |
(+92) (22) 2615734-2615834 |
|
Fax |
(+92) (22) 2616834 |
|
Email |
|
|
Website |
|
|
Business activities |
Export, Import and Seller- Agriculture Seeds |
Registry Details
MSSS is proprietorship concern hence registration with any regulatory
body is not mandatory.
|
CRO Registration Number |
N/A |
|
Date of Registration |
Other registry
& certification details:
|
Current Legal Form |
Proprietorship |
|
National Tax Registration Number |
Undetermined |
|
Date of Registration |
N/A |
|
GST Registration Number |
Undetermined |
|
Date of Registration |
N/A |
|
Chamber of Commerce & Industry |
None |
|
ISO Certification |
None |
Capital
|
Type |
No. of Shares |
Par Value |
Total Value |
|
N/A |
|||
History
|
Who started |
Muhammad Manzoor Kalhoro |
|
When started |
1980 |
|
Change in management |
None |
|
Year of change |
N/A |
|
Change in legal status |
No change |
|
Year of change |
N/A |
|
Change in business name |
No change |
|
Year of change |
N/A |
|
Name |
Number of Shares |
Nationality |
Appointment Date
(Last) |
|
N/A |
|||
|
Name |
Position in organization |
Qualification |
Years in employment |
|
Mr. Muhammad Manzoor Kalhoro |
Proprietor |
Undetermined |
Undetermined |
|
Statutory offices |
Name of service
provider |
|
Statutory Auditors |
Undetermined |
|
Legal Advisory Services |
Undetermined |
|
Bank name |
Approved
financing limits PKR |
|
Undetermined |
Undetermined |
The core business focus of MSSS is
Export, Import and Sale of Agricultural seeds. MSSS markets a broad range of Agriculture
seed worldwide, such as all kinds of Vegetable Seeds, Beans, Forage Seeds, Bird
Seeds, Spices, Dried Red Roses, Chilly Seeds, Dry Nuts and OEM Services etc.
MSSS commenced operations in Pakistan in 1980 and start exporting its product
in 2002. The goal is to become the finest global consumer goods company
operating in Pakistan’s dynamic and promising market.
Products:
(Open Pollinated) Vegetable Seeds
Hybrid Vegetable Seeds
Oil Seeds
Forage Seeds
Purchases (Incl.
Imports)
|
Imports from |
Not disclosed |
|
Importing terms |
|
|
Local % |
|
|
Local buying terms |
Sales (Incl.
Exports)
|
Exports to |
Not Disclosed |
|
Exporting terms |
|
|
Local (100%) |
|
|
Local selling terms |
|
Nature of
employment |
Current Year |
Previous Year |
|
All Staff |
Undetermined |
Undetermined |
|
Total |
Undetermined |
Undetermined |
|
Head Office Address Owned / Rented Area (approx) |
10, Old Vegetable Market, Hyderabad, Sindh Undetermined Undetermined |
|
Factory Address Owned / Rented Area (approx) |
Undetermined |
Neighbors were contacted to get a feedback
about MSSS and its sponsor, all the feedback was found satisfactory. One of the
neighbor claimed that the company has been operating for a long time and holds
a very good reputation in the market. No complains or issues were reported
against the subject.
|
Business Name |
City |
Line of Business |
Percentile of
Shareholding |
||||
|
Al Hilal Seed |
Hyderabad |
Trading of Seeds |
100% |
||||
|
|
|
|
|
|
|||
|
Contact person |
Mr. Muhammad Manzoor Kalhoro |
|
Position |
Proprietor |
|
Contact Person Comments |
Mr. Muhammad Manzoor Kalhoro confirmed business operations but denied
to give us detail regarding subject. He stated that previously some other company conducted the
interviews in the same manner and we are facing judicial queries after that
interviews |
|
Analyst’s Observations/ comments |
Signboard was found in the name of Al Hilal Seeds. A small office setup for MSSS was observed at the same premises. Neighbor recognized business since past many years. Sponsor’s family member had involvement in business and were also
observed at the time of visit busy in their respective tasks. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.44 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.84.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.