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Report No. : |
347447 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
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Name : |
YOUSAF AND BROTHERS INTERNATIONAL |
|
|
|
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Registered Office : |
Naveed Market, Koucha Haji Khuda Buksh Street, Gujranwala |
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|
|
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Country : |
Pakistan |
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|
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Year of Establishment : |
2006 |
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|
|
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Legal Form : |
Proprietorship |
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|
|
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Line of Business : |
Import & Trading of Fresh Fruits &
Vegetables |
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|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
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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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Business Name |
YOUSAF AND BROTHERS INTERNATIONAL
|
|
Registered
Address |
|
Naveed Market,
Koucha Haji Khuda Buksh Street, Gujranwala, Pakistan |
|
Tel # |
+923456565355 |
|
Fax # |
--- |
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Email |
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a. |
Nature of Business |
Engaged in
import & trading of Fresh Fruits & Vegetables |
|
b. |
Year Established |
2006 |
|
Subject Company was established as a
Proprietorship business in 2006 |
|
Names |
Address |
Occupation |
Designation |
|
Mr. Yousaf Ansari |
Naveed Market,
Koucha Haji Khuda Buksh Street, Gujranwala |
Business |
CEO / Proprietor |
A. Subsidiary
None
B. Associated Companies
- Do -
Engaged in import & trading of Fresh
Fruits & Vegetables
3
|
PKR 3,000,000/- (Estimated) |
Subject import globally from Companies belongs
to China, India & Thailand
|
Major customers of the Company are
Individuals deal with cash term basis |
(1)
MCB Bank Limited,
Pakistan.
(2) United Bank Limited, Pakistan.
(3)
Allied Bank Limited, Pakistan.
We visited the office of the concern where following observations were
made:
(1) Name Board of the
Company could not be sighted at the time of our visit.
(2) The concern’s shop is
very difficult to locate.
(3) Subject is located in a
commercial area at Gujranwala.
(4) Items such as Telephones could not be
seen at the concern’s shops.
(5) Subject shop is not
maintained properly.
Subject operates from rented shop premises situated at commercial area
of Gujranwala.
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 105.40 |
|
UK Pound |
1 |
Rs. 162.00 |
|
Euro |
1 |
Rs. 115.75 |
Company looks very small sized and it seems that the main business of
the company is import & trading of Fresh
Fruits & Vegetables. From market sources no information is
available, as the company has not enough presence in the market. As per our
observation the company is not very active in the business circle. Trade
relations are not known. Therefore we do not recommend conducting any business
activity with the subject Company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.57 |
|
|
1 |
Rs.101.13 |
|
Euro |
1 |
Rs.71.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.