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Report No. : |
349495 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIRD INN POULTRIES |
|
|
|
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Registered Office : |
Kot Rana Hayat, Bhangore Sarfraz Nagar, H/O 86-Fateh Town, Okara, Kasur, Punjab |
|
|
|
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Country : |
Pakistan |
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Date of Incorporation : |
22.10.2004 |
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|
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Legal Form : |
Partnership |
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|
|
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Line of Business : |
Company is engaged in commercial breeding / broiler farming |
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No. of Employees : |
55 |
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 |
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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 |
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-fourth of output and two-fifths of employment.
Textiles account for most of Pakistan's export earnings, and Pakistan's failure
to diversify its exports has left the country vulnerable to shifts in world
demand. Official unemployment was 6.9% in 2014, but this fails to capture the
true picture, because much of the economy is informal and underemployment
remains high. Pakistan's human development continues to lag behind most of the
region.. As a result of political and macroeconomic instability, the Pakistani
rupee has depreciated more than 40% since 2007. The government agreed to an
International Monetary Fund Standby Arrangement in November 2008 to preventa
balance of payments crisis, but the IMF ended the Arrangement early because of
Pakistan's failure to implement required reforms. The economy has stabilized,
it continues to underperform and foreign investment has not returned to levels
seen during the mid-2000s, due to investor concerns related to governance,
electricity shortages, , and a slow-down in the global economy. Remittances
from overseas workers, averaging more than$1 billion a month, remain a bright
spot for Pakistan. After a small current account surplus in fiscal year 2011
(July 2010/June 2011), Pakistan's current account turned to a deficit where it
remained through 2014, spurred by higher prices for imported oil and lower
prices for exported cotton. In September 2013, after facing balance of payments
concerns, Pakistan entered into a three-year, $6.7 billion IMF Extended Fund
Facility. The Sharif government has since made modest progress implementing
fiscal and energy reforms, and in December 2014 the IMF described Pakistan's
progress as "broadly on track." Pakistan remains stuck in a
low-income, low-growth trap, with growth averaging about 3.5% per year from
2008 to 2014. Pakistan must address long standing issues related to government
revenues and the electricity and natural gas sectors 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 |
BIRD INN POULTRIES
|
Registered Address |
|
Kot Rana Hayat, Bhangore Sarfraz Nagar, H/O 86-Fateh Town, Okara,
Kasur, Punjab, Pakistan |
|
Tel # |
92 (44) 2514444, +923216958586 |
|
Fax # |
92 (44) 2551810 |
|
Email |
|
a. |
Nature of Business |
Company is engaged in commercial breeding / broiler farming |
|
b. |
Year Established |
22nd October, 2004 |
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c. |
National Tax # |
2195199-3 |
Suite # 11/12, 4th Floor, Al Hafeez
View, Sir Syed Road, Gulberg
Lahore, Pakistan
|
Subject Company was established as a Partnership business in 22nd October, 2004 |
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Shabbir Hussain Mrs. Shabbir Hussain |
Pakistani Pakistani |
Suite # 11/12, 4th Floor, Al Hafeez View, Sir Syed Road,
Gulberg Lahore Suite # 11/12, 4th Floor, Al Hafeez View, Sir Syed Road,
Gulberg Lahore |
Business Business |
CEO / Managing Partner Partner |
|
(1) Bird Inn Hatchery, Pakistan. |
Subject Company is engaged in commercial breeding / broiler farming.
Payments would be made through L/C,
D/P basis to its trade suppliers globally.
Local sales are mostly on cash / credit term basis to its domestic
customers.
Subject import globally from
Companies belongs to China, Austria, Korea, India, Hong Kong, Jordan, Saudi
Arabia & Malaysia.
Its major customers are Trading
Companies, Poultry Farmers, Retail & Wholesale Traders etc.
Subject operates from caption leased office & factory premises
situated at commercial centers of Lahore & Kasur, Punjab.
Subject employs about 55 persons in its set up.
|
Year |
In Pak Rupees |
|
2014 |
38,000,000/- (Estimated) |
|
Subject import globally from Companies
belongs to China, Austria, Korea, India, Hong Kong, Jordan, Saudi Arabia
& Malaysia |
|
(1) Allied Bank Limited, Pakistan. (2) Meezan Bank Limited, Pakistan. (3) Soneri Bank Limited, Pakistan. (4) Habib Bank Limited, Pakistan. |
Lahore Chamber of Commerce & Industry.(LCCI)
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 105.55 |
|
UK Pound |
1 |
Rs. 162.00 |
|
Euro |
1 |
Rs. 114.50 |
Subject Company was established in 22nd October, 2004. Company is engaged in commercial
breeding / broiler farming. Trade relations are reported as fair. 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.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
-- |
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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.