MIRA INFORM REPORT

 

 

Report No. :

351015

Report Date :

25.11.2015

 

IDENTIFICATION DETAILS

 

Name :

MEHTA BROTHERS (PRIVATE) LIMITED

 

 

Registered Office :

60, Ahmad Block, New Garden Town, Lahore

 

 

Country :

Pakistan

 

 

Year of Establishment :

1983

 

 

Com. Reg. No.:

0010003

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, Indenting & Trading of Poultry / Veterinary Medicines, Raw Pulses, Beans, Seeds, Poultry Equipments, General Items.

 

 

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

 

 

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

           

Business Name

MEHTA BROTHERS (PRIVATE) LIMITED

 

 

Full Address       

 

Registered Address

60, Ahmad Block, New Garden Town, Lahore, Pakistan

                       

Tel #

92 (42) 35913290 - 98 (9 Lines)

Fax #

92 (42) 35913264

Email

mehta@brain.net.pk

 

 

Short Description Of Business

 

a.

Nature of Business      

Import, Indenting & Trading of Poultry / Veterinary Medicines, Raw Pulses, Beans, Seeds, Poultry Equipments, General Items.

b.

Year Established

1983

c.

Registration No.

0010003

 

 

Branches

           

In Lahore & Karachi

 

 

Auditors

 

Ernst & Young Ford Rhodes Sidat Hyder

(Chartered Accountants)

 

 

Legal Status

 

Subject Company was established as a Private Limited Company in 1983

 

 

Capital

 

Authorized Capital    

Rs. 15,000,000/- divided into 150,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 10,900,000/- divided into 109,000 shares of Rs. 100/- each

 

 

Details of Directors

 

Names

 

Designation

Mr. Abdul Hai Mehta

 

Mrs. Riffat Hai

 

Mr. Bilal Hai

 

Mr. Usman Hai

Chief Executive

 

Director

 

Director

 

Director

 

 

Shareholders                

           

Names

 

No. of Shares

Mr. Abdul Hai Mehta

 

Mrs. Riffat Hai

 

Mr. Bilal Hai

 

Mr. Usman Hai

57,750

 

12,000

 

27,250

 

12,000

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

None                                             

           

B.         Associated Companies

(1) Progressive Corporation (Pvt) Limited, Pakistan.

 

 

Business Activities

 

Import, Indenting & Trading of Poultry / Veterinary Medicines, Raw Pulses, Beans, Seeds, Poultry Equipments, General Items.

 

 

Number of Employees

 

55        

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2013

871,602,075/-

 

 

Trade Suppliers (Foreign)

                       

(1) HUTTENES ALBERTUS, GERMANY.

(2) KBM AFFILIPS, NETHERLAND.

(3) ALUFINISH, GERMANY.

(4) ADISSEO, FRANCE.

(5) CHINOOK GROUP INC, CANADA.

(6) KRKA, SLOVENIA.

(7) ENTHONE, GERMANY.

(8) FASHION STORE, TAIWAN.

 

 

Customers

 

Major customers of the Company are Feed Millers, Wholesale Traders, Retail Traders, Government Veterinary Organizations, Live Stocks and Farmers, Private Companies

 

 

Mode of Payment

 

Payments would be made through L/C, D/P basis to its trade suppliers globally

 

 

Bankers

           

(1) Bank Alfalah Limited, Pakistan.

(2) Standard Chartered Bank, Pakistan.

(3) Allied Bank Limited, Pakistan.

(4) Dubai Islamic Bank Pakistan Limited.

(5) MCB Bank Limited, Pakistan.

 

 

Memberships

 

·         Lahore Chamber of Commerce & Industry.(LCCI)

·         Federation Pakistan Chamber of Commerce & Industry.(FPCCI)

 

 

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 1983 and is engaged in import, indenting & trading of Poultry / Veterinary Medicines, Raw Pulses, Beans, Seeds, Poultry Equipments etc. Market reputation is satisfactory. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms & conditions.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.35

UK Pound

1

Rs.100.66

Euro

1

Rs.70.47

 

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%)

 

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.