MIRA INFORM REPORT

 

 

Report No. :

352118

Report Date :

01.12.2015

 

IDENTIFICATION DETAILS

 

Name :

A ONE MARBLE

 

 

Registered Office :

Plot No. K-22, Johar Colony, Manghopir Road, Karachi

 

 

Country :

Pakistan           

 

 

Year of Establishment :

1996

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Subject is engaged in Cutting, Processing, Polishing & Export of Marbles, Onyx & Granite

 

 

No. of Employee :

40

 

 

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 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Pakistan           

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

A ONE MARBLE

 

 

Full Address       

 

Registered Address

Plot No. K-22, Johar Colony, Manghopir Road, Karachi, Pakistan

                       

Tel #

92 (21) 32576456, 32582774 +923332116110, +923332199639

Fax #

92 (21) 32582774

 

 

Short Description Of Business

 

a.

Nature of Business       

Engaged in Cutting, Processing, Polishing & Export of Marbles, Onyx & Granite

b.

Year Established

1996

c.

National Tax #

1039966

 

 

Branches

 

Plot No 26, Johar Colony,

Near Bismillah Hotel, Mangophir Road,

Karachi, Pakistan          

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 1996

 

 

Details of Management

 

Names

Nationality

Address

Occupation

Designation

Mr. Arshad Majeed Sheikh

 

 

 

Mr. Hummayun Adil Sheikh

Pakistani

 

 

 

 

Pakistani

Plot No 26, Johar Colony, Near Bismillah Hotel, Mangophir Road, Karachi

 

Plot No 26, Johar Colony, Near Bismillah Hotel, Mangophir Road, Karachi

Business

 

 

 

 

Business

Proprietor

 

 

 

 

Manager (Import)

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

Subsidiary

 

None                                                         

           

Associated Companies

 

(1) Gulf Marble Industries, Pakistan.

 

 

Business Activities

 

(1) Subject Company is engaged in Cutting, Processing, Polishing & Export of Marbles, Onyx & Granite.

 

(2) It mainly export to Asian & Gulf Countries

 

(3) Its major customers are Buying Agencies, International Traders.

 

(4) Payment would be accepted through L/C, T.T. basis.

 

 

Number of Employees

 

40

 

 

Actual Production Volume

 

Approximately 30,000 to 45,000 Sq Ft per month

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2014

40,000,000/- (Estimated)

 

Bankers

 

MCB Bank Limited, Pakistan.

Soneri Bank Limited, Pakistan.

Habib Metropolitan Bank Limited, Pakistan.

Standard Chartered Bank, Pakistan.

 

 

Memberships

 

Karachi Chamber of Commerce & Industry.(KCCI)

 

 

Foreign Exchange Rates

           

Currency

 

Unit

Pakistani Rupees

US Dollar

1

         Rs. 105.90

UK Pound

1

         Rs. 161.50

Euro

1

         Rs. 113.50

 

 

Comments  

 

Subject Company was established in 1996 and is engaged in Cutting, Processing, Polishing & Export of Marbles, Onyx & Granite. Proprietor is reported as experienced and resourceful businessman. Market reputation is satisfactory 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.66.81

UK Pound

1

Rs.100.37

Euro

1

Rs.70.68

PKR`

1

Rs. 0.63

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

 

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.