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Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
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Name : |
UNITED AGRO TRADERS (UAT) |
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Registered Office : |
Main Bazar, Tordher, Dist. Swabi Kpk |
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Country : |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Proprietorship |
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Line of Business : |
Trading of Vegetable Seeds |
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No. of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – 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 |
UNITED AGRO TRADERS
(UAT)
|
Business Name |
United AGRO Traders (UAT) |
|
Address |
Main Bazar, Tordher, Dist. Swabi Kpk |
|
Telephone |
92-938-528080 |
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Fax |
92-938-528538 |
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|
|
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Website |
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Business activities |
Trading of Vegetable Seeds |
Registry Details
UAT is a proprietorship concern, registration with any regulatory body is not mandatory.
|
CRO Registration Number |
N/A |
|
Date of Registration |
N/A |
Other registry & certification details:
|
Current Legal Form |
Proprietorship |
|
National Tax Registration Number |
Not Disclosed |
|
Date of Registration |
Not Disclosed |
|
GST Registration Number |
Not Disclosed |
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Date of Registration |
Undetermined |
|
Chamber of Commerce & Industry |
Undetermined |
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ISO Certification |
Undetermined |
|
Other certifications |
Undetermined |
Capital
|
Type |
No. of Shares |
Par Value |
Total Value |
|
Authorize Capital |
N/A |
||
|
Paid Up Capital |
|||
History
|
Who started |
Mr. Syed Qadir
Rehman |
|
When started |
Not Disclosed |
|
Change in management |
Not Disclosed |
|
Year of change |
Undetermined |
|
Change in legal status |
Not Disclosed |
|
Year of change |
Undermined |
|
Change in business name |
Undetermined |
|
Year of change |
Undetermined |
|
Name |
Number of Shares |
Nationality |
Appointment Date
(Last) |
|
Mr. Syed Qadir
Rehman |
100% |
Pakistani |
Not disclosed |
|
Name |
Position in organization |
Qualification |
Years in employment |
|
Mr. Syed Qadir Rehman |
Proprietor |
Not Disclosed |
|
|
Bank name |
Approved financing
limits PKR |
|
None disclosed |
|
The primary business focus of the concern is trading of vegetable seeds.
Purchases (Incl.
Imports)
|
Imports from |
Not disclosed |
|
Importing terms |
Not disclosed |
|
Local |
Not disclosed |
|
Local buying terms |
Not disclosed |
Sales (Incl.
Exports)
|
Exports to |
None |
|
Exporting terms |
N/A |
|
Local (%) |
100 % |
|
Local selling terms |
All over Pakistan |
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Nature of
employment |
Current Year |
Previous Year |
|
All Staff |
01 |
01 |
|
Total |
01 |
01 |
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Head office Address Owned / Rented Area (approx) |
Main Bazar, Tordher, Dist. Swabi KPK Undetermined Undetermined |
|
Factory Address Owned / Rented Area (approx) |
N/A N/A N/A |
Subject business is established in village of Tordher, Sawabi and there are few shops in the vicinity and there are no businesses of said nature of subject business that exists in this market. At the time of our physical visit we have taken general information about Subject Company from nearby neighboring shopkeepers and other people. They said that subject business is existing for last many years and owner of subject is well known personality in the market.
|
Contact person |
Mr. Syed Qadir Rehman |
|
Position |
Proprietor |
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Contact Person Comments |
The contact person decline to share the business information. |
|
Analyst’s Observations/ comments |
Contacted person decline to provide any information about his business. At the time of our physical we have observed that said business is operating and having good reputation in market. We also observed that subject has sufficient stocks in his business but total cost of stock couldn’t be estimated due to non-corporative attitude of contacted person. Contact person did not provide NTN Certificate or number of his business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.102.39 |
|
Euro |
1 |
Rs.85.12 |
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.