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Report No. : |
346343 |
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Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
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Name : |
IMAGE TEXTILE MILLS (PVT) LIMITED |
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|
|
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Registered Office : |
2 K.M., Jaranwala Road, Khurrianwala, Faisalabad |
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|
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Country : |
Pakistan |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
0027049 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The principal activity of the Company is
processing of Dyed & Printed Fabrics on conversion basis |
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No. of Employees : |
210 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Business Name |
IMAGE TEXTILE
MILLS (PVT) LIMITED |
|
Registered
Address & Mill |
|
2 K.M., Jaranwala Road, Khurrianwala, Faisalabad, Pakistan |
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Tel # |
92 (41) 4362283, 4362284 |
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Fax # |
92 (41) 4362285 |
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a. |
Nature of Business |
The principal activity of the Company is processing
of Dyed & Printed Fabrics on conversion basis |
|
b. |
Year Established |
1992 |
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c. |
Registration No. |
0027049 |
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In Karachi at present |
|
Zahid Jamil & Company (Chartered Accountants) |
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Subject Company was established as a Private Limited Company in 1992 |
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Authorized Capital |
Rs. 30,000,000/-
divided into 3,000,000 shares of Rs. 10/- each |
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Issued & Paid up Capital |
Rs. 20,169,200/-
divided into 2,016,920 shares
of Rs. 10/- each |
|
Names |
Designation |
|
Mr. Zia-Ul-Qamar Mr. Muhammad Ashraf Mr. Ahsan Zia Mr. Khurram Ashraf |
Chief Executive Director Director Director |
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Names |
No. of Shares |
|
Mr. Zia-Ul-Qamar Mr. Muhammad Ashraf Mr. Ahsan Zia Mr. Khurram Ashraf |
908,460 908,460 100,000 100,000 |
A. Subsidiary
None
B. Associated Companies
(1) Ahsan Traders, Pakistan.
(2)
Khurram
Traders, Pakistan.
The principal activity of the Company is processing of Dyed &
Printed Fabrics on conversion basis.
Its mainly import Textile Raw Materials, Textile Machineries through L/C,
T.T. basis.
Its importing countries are China, Korea, Indonesia, Taiwan, Thailand, Germany,
Hong Kong & India.
Its major customers are Private
Companies, Buying Agencies, Distribution Companies, International Buyers etc.
Subject operates from caption leased factory premises situated at
industrial area of Faisalabad.
Subject employs about 210 persons in its set up.
|
Year |
In Pak Rupees |
|
2013 |
341,558,890/- |
|
Annual production
volume is indeterminable as it mainly depends upon the demand / requirements from
their domestic as well as international customers |
|
Subject import globally from Companies belongs to China, Korea,
Indonesia, Taiwan, Thailand, Germany, Hong Kong & India |
|
(1) Habib Bank Limited,
Pakistan. (2) Soneri Bank
Limited, Pakistan (3) Allied Bank
Limited, Pakistan. (4) Faysal Bank
Limited, Pakistan. |
·
Faisalabad Chamber of Commerce & Industry.(FCCI)
·
All Pakistan Textile Processing Mills Association.(APTPMA)
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 104.40 |
|
UK Pound |
1 |
Rs. 158.75 |
|
Euro |
1 |
Rs. 118.00 |
Subject Company was established in 1992. The principal activity of the Company is processing of Dyed & Printed Fabrics on conversion basis. Overall reputation is satisfactory. 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.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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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 |
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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 |
|
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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 |
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|
-- |
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.