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Report No. : |
342737 |
|
Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TARIQ TRADING CORPORATION |
|
|
|
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Registered Office : |
R.T. Sawant Road, Off: Nishtar Road,
Karachi |
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|
|
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Country : |
Pakistan |
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|
|
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Year of Established |
1989 |
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|
|
|
Legal Form : |
Partnership Business |
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|
|
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Line of Business : |
Subject is engaged in import, indenting
& trading of Steel Scrap, Metal Scrap, Pig Iron, Iron & Steel
Products |
|
|
|
|
No. of Employee : |
7 |
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 |
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|
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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 |
|
Restricted |
C2 |
|
Off-credit |
D |
TARIQ TRADING CORPORATION
Registered
Address
|
|
R.T. Sawant Road, Off: Nishtar Road,
Karachi, Pakistan |
|
Tel # |
92 (21) 32259664, 32252528, 32252506, 32257968 |
|
Fax # |
92 (21) 32236785 |
|
Email |
|
a. |
Nature of Business |
Import, Indenting & Trading of Steel
Scrap, Metal Scrap, Pig Iron, Iron & Steel Products |
|
b. |
Year of Established |
1989 |
|
None |
|
Subject Company was established as a Partnership business in 1989 |
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Imran Amin Mr. Tariq Amin |
Pakistani Pakistani |
R.T. Sawant Road, Off: Nishtar Road, Karachi R.T. Sawant Road, Off: Nishtar Road, Karachi |
Business Business |
Managing Partner Partner |
|
None |
Subject Company is engaged in import, indenting & trading of Steel Scrap, Metal Scrap, Pig Iron, Iron & Steel Products.
Local sales are mostly on cash term basis to its domestic customers.
It’s mainly import from China, Korea, Hong Kong, U.A.E., U.K., Taiwan & Germany.
Its major customers are Trading Companies, Private Companies etc.
Subject operates from caption leased office premises situated at commercial market of Karachi.
Subject employs about 7 persons in its set up.
|
Year |
In Pak Rupees |
|
2013 |
30,000,000/- (Estimated) |
|
(1) STEMCOR UK
LIMITED, U.K. (2) H. G |
|
(1) Habib
Metropolitan Bank Limited, Pakistan. (2) Bank Alfalah
Limited, Pakistan. (3) Habib Bank Limited,
Pakistan. (4) Soneri Bank
Limited, Pakistan. |
Karachi Chamber of Commerce & Industry.(KCCI)
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 104.15 |
|
UK Pound |
1 |
Rs. 158.50 |
|
Euro |
1 |
Rs. 114.90 |
Subject Company
was established in 1989 and is engaged in import, indenting & trading of
Steel Scrap, Metal Scrap, Pig Iron, Iron & Steel Products. 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.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.