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Report No. : |
342517 |
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Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
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Name : |
POPLON PAKISTAN (PVT) LIMITED |
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Registered Office : |
34-N, Gulberg II, Lahore |
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Country : |
Pakistan |
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Year of Establishment : |
2005 |
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Com. Reg. No.: |
0050159 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture & Marketing of Inorganic Pigments. |
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No. of Employees : |
110 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 |
|
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 |
POPLON PAKISTAN
(PVT) LIMITED |
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Registered
Address |
|
34-N, Gulberg II, Lahore, Pakistan |
|
Tel # |
92 (42) 35713049, 35711963, 37042455, 37042457, 35383583, 35383340 |
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Fax # |
92 (42) 35711963 |
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a. |
Nature of Business |
Engaged in
manufacture & marketing of Inorganic Pigments |
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b. |
Year Established |
2005 |
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c. |
Registration # |
0050159 |
38 K.M., Multan Road, Manga
Mandi, Lahore, Pakistan
|
Inamul Haq & Co. (Chartered
Accountants) 33-A, Behind Queens Centre, Shahrah-e-Fatima Jinnah, Lahore, Pakistan |
|
Subject Company was established as a Private Limited Company in 2005 |
|
Authorized Capital |
Rs. 100,000,000/- divided into 1,000,000
shares of Rs. 100/- each |
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Issued & Paid up Capital |
Rs. 10,502,000/- divided into 105,020 shares of Rs. 100/- each |
|
Names |
Designation |
|
Mr. Altaf Khan Mr. Taimur Khan |
Chief Executive Director |
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Names |
No. of Shares |
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Mr. Altaf Khan Mr. Taimur Khan |
1,050,100 100 |
A. Subsidiary
None
B. Associated Companies
(1)
Poplon & Company
(Pvt) Limited, Pakistan.
Subject Company is engaged in manufacture
& marketing of Inorganic Pigments in Pakistan.
It purchases raw material through L/C, D/A basis to its trade
suppliers globally
Its import globally from Companies belongs to Korea, European Countries,
Taiwan, China, Singapore, India, Japan, Thailand & U.S.A.
Its major customers are Textile Manufacturers, Garment Manufacturers,
Private Companies etc.
Subject operates from caption leased office & factory premises
situated at commercial & industrial centers of Lahore.
Subject employs about 110 persons
in its set up.
|
Annual Company’s production is
indeterminable as its involves various process of manufacturing |
|
Year |
In Pak Rupees |
|
2014 |
170,000,000/- (Estimated) |
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Subject import globally from Companies belongs to Korea, European Countries, Taiwan,
China, Singapore, India, Japan, Thailand & U.S.A. |
(1)
MCB Bank Limited, Pakistan.
(2)
Bank Al-Habib Limited, Pakistan.
(3)
Bank Alfalah Limited, Pakistan.
(4)
Habib Bank Limited, Pakistan.
·
Lahore Chamber of
Commerce & Industry.(LCCI)
|
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 2005 and is engaged in manufacture & marketing of Inorganic
Pigments in Pakistan. Overall reputation is normal. 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.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
|
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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 |
|
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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 |
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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 |
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<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.