MIRA INFORM REPORT

 

 

Report No. :

348753

Report Date :

19.11.2015

           

IDENTIFICATION DETAILS

 

Name :

IMPORIANT TRADERS

 

 

Registered Office :

House No. 299, Block 13-B-L, Township, Lahore

 

 

Country :

Pakistan

 

 

Date of Incorporation :

2005

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Import & Trading of Garment Raw Materials, Textile Raw Materials

 

 

No. of Employee :

About 4 persons

 

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 :

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

 

IMPORIANT TRADERS

 

 

Full Address       

 

Registered Address

House No. 299, Block 13-B-L, Township, Lahore, Pakistan

                       

Tel #

92 (42) 35114042, +923133033330, +923214023422

Fax #

92 (42) 35114042

 

 

Short Description Of Business

 

a.

Nature of Business       

Import & Trading of Garment Raw Materials, Textile Raw Materials

b.

Year Established

2005

 

 

Branches

 

None

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 2005

 

 

Details of Management

 

Names

Nationality

Address

Occupation

Designation

Mr. Syed Imran Naqvi

Pakistani

 

 

House No. 299, Block 13-B-L, Township, Lahore

Business

 

CEO / Proprietor

 

 

 

 

Business Activities

 

Subject Company is engaged in import & trading of Garment Raw Materials, Textile Raw Materials.

 

It purchases against D/A, D/P basis to its trade suppliers globally

 

It sells against Cash / Credit term basis to its domestic customer.

 

Its importing countries are India, China, Hong Kong, Thailand & Indonesia.

 

Its major customers are Private Companies, Traders etc.

 

Subject operates from caption leased office premises situated at residential area of Lahore.

 

Subject employs about 4 persons in its set up.

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2014

7,500,000/- (Estimated)

 

 

Trade Suppliers (Foreign)

 

Subject import globally from Companies belongs to India, China, Thailand, Hong Kong & Indonesia

 

 

Bankers

 

Askari Bank Limited, Pakistan.

Summit Bank Limited, Pakistan.

Bank Alfalah Limited, Pakistan.

Silk Bank Limited, Pakistan.

 

 

Memberships

 

Lahore Chamber of Commerce & Industry.(LCCI)

 

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

         Rs. 105.55

UK Pound

1

         Rs. 162.00

Euro

1

         Rs. 114.50

           

 

Comments

 

Subject Company was established in 2005 and is engaged in import & trading of Garment Raw Materials, Textile Raw Materials. 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.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SDA

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.