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Report No. : |
343357 |
|
Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZAIN DYESTUFF |
|
|
|
|
Registered Office : |
P-203-204/D, Small
Industrial Estate, Sargodha Road, Faisalabad |
|
|
|
|
Country : |
Pakistan |
|
|
|
|
Date of Incorporation : |
2008 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Engaged in import, manufacture & marketing
of Reactive Dyes, Pigment Powders, Acid Dyes, Direct Dyes, Food Colours And
Other Textile Related Products |
|
|
|
|
No. of Employee : |
30 |
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 |
|
|
|
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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 |
|
ZAIN DYESTUFF |
|
Registered
Address |
|
P-203-204/D,
Small Industrial Estate, Sargodha Road, Faisalabad, Pakistan |
|
Tel # |
92 (41) 8810353,
+923004800853 |
|
Fax # |
92 (41) 8810353 |
|
Email |
|
a. |
Nature of Business |
Engaged in import, manufacture &
marketing of Reactive Dyes, Pigment Powders, Acid Dyes, Direct Dyes, Food
Colours And Other Textile Related Products |
|
b. |
Year Established |
2008 |
|
None |
|
Subject Company was established as a Proprietorship business in 2008 |
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Muhammad Zain Ali |
Pakistani |
P-203-204/D, Small
Industrial Estate, Sargodha Road, Faisalabad |
Business |
CEO / Proprietor |
|
None |
Subject Company is engaged in import,
manufacture & marketing of Reactive Dyes, Pigment Powders, Acid Dyes, Direct
Dyes, Food Colours And Other Textile Related Products.
Local sales are mostly on cash / credit term basis to its domestic
customers.
It’s mainly import from China,
Korea, Thailand, Hong Kong, India, Indonesia & Bangladesh.
Its major customers are Traders, Private Companies, Manufacturers deal
with cash / credit term basis.
Subject operates from caption leased factory premises situated at
industrial area of Faisalabad.
Subject employs about 30
persons in its set up.
|
Year |
In Pak Rupees |
|
2014 |
30,000,000/- (Estimated) |
|
Subject import globally from Companies belongs to China, Korea, Thailand, Hong Kong, India,
Indonesia & Bangladesh. Its global trade suppliers are Companies related to
Textile Chemicals |
|
(1) Faysal Bank Limited, Pakistan. (2) Allied Bank Limited, Pakistan. (3) Meezan Bank Limited, Pakistan. (4) Habib Bank Limited, Pakistan. |
Faisalabad Chamber of Commerce & Industry.(FCCI)
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 104.25 |
|
UK Pound |
1 |
Rs. 157.90 |
|
Euro |
1 |
Rs. 116.25 |
Subject Company was established in 2008 and is engaged in import, manufacture & marketing of
Reactive Dyes, Pigment Powders, Acid Dyes, Direct Dyes, Food Colours &
Other Textile Related 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.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.