|
Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
A S TRADERS (AS) |
|
|
|
|
Registered Office : |
56-C Circular Road, Lahore |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Year of Establishment : |
2006 |
|
|
|
|
Legal Form : |
Partnership concern |
|
|
|
|
Line of Business : |
Importer of dyes chemicals |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 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 |
A S TRADERS (AS)
|
Business Name |
A S TRADERS (AS) |
|
Address |
56-C Circular Road, Lahore, Pakistan |
|
Telephone |
+92-42-37638194, 37672444 |
|
Fax |
+92-42-37379395 |
|
Mobile |
+92-300-4005520 |
|
|
|
|
Website |
NIL |
|
Business activities |
Importer of dyes chemicals |
Registry Details
AS is a Partnership firm hence registration with any regulatory body is not mandatory.
|
CRO Registration Number |
NIL |
|
Date of Registration |
NIL |
Other registry &
certification details:
|
Current Legal Form |
Partnership concern. |
|
National Tax Registration Number |
Not provided. |
|
Date of Registration |
Not provided. |
|
GST Registration Number |
Not provided. |
|
Date of Registration & Expiry |
Not provided. |
|
Chamber of Commerce & Industry |
Not provided. |
|
Date of Registration & Expiry |
Not provided. |
|
ISO Certification |
Not provided. |
|
Date of Registration & Expiry |
Not provided. |
|
Other certifications |
Not provided. |
|
Date of Registration & Expiry |
Not provided. |
History
|
Who started |
Mr. Atif Raza |
|
When started |
2006 |
|
Change in management |
None |
|
Year of change |
N/A |
|
Change in legal status |
None |
|
Year of change |
N/A |
|
Change in business name |
None |
|
Year of change |
N/A |
|
Name |
Number of Shares |
Nationality |
Appointment Date
(Last) |
|
Mr.
Atif Raza |
50% |
Pakistan |
Not provided. |
|
Ms.
Abeer |
50% |
Pakistan |
Not provided. |
|
Name |
Position in organization |
Qualification |
Years in employment |
|
Mr. Atif Raza |
Managing Partner |
Not provided. |
Not provided. |
|
Statutory offices |
|
|
Statutory
Auditors |
Not provided. |
|
Legal
Advisory Services |
Not provided. |
|
Bank name |
Approved financing
limits |
|
Not provided. |
Not provided. |
Purchases (Incl. Imports)
|
Imports from |
India, China |
|
Importing terms |
LC basis. |
|
Local (%) |
20% |
|
Local buying terms |
Cash and 15 to 30 days credit. |
Sales (Incl. Exports)
|
Exports to |
NIL |
|
Exporting terms |
NIL |
|
Local (%) |
100% |
|
Local selling terms |
Cash and 30 days credit. |
|
Nature of
employment |
Current Year |
Previous Year |
|
Permanent |
15 |
|
|
Contractual |
|
|
|
Daily wages (average) |
|
|
|
Total |
15 |
|
|
Head office Address Owned / Rented Area (approx) |
56-C Circular Road, Lahore, Pakistan Details not provided. |
|
Factory Address Owned / Rented Area (approx) |
NIL |
|
Warehouse Address Owned / Rented Area (approx) |
NIL |
The subject firm is only engaged in importing chemicals and all the selling activities are being generate by their related business i.e. M/s. Wazir Sons only. So due to stated reason market check couldn’t be conducted.
|
Business Name |
City |
Line of Business |
Percentile of Shareholding |
|
Wazir Sons |
Lahore |
Trading of dyes chemicals |
Not provided |
(Not provided)
The contact person declined to share financial information
|
Contact person |
Mr. Khawaja Kashif Raza |
|
Position |
Manager Sales/Purchases |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.82.22 |
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.