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“Propeller”/  Direct Affiliate

why my site has no page rank?

Well it's hard to say not knowing what your site it.
But a couple things to keep in mind.

PR has lots to do with incoming links.
PR can take awhile to show up.
PR can be over rated. :p

Scroll way down to the bottom of this page and you'll find
some related threads on the subject of PR that may be helpful.
 
Yes, its possible! PR is not really related to SE possition. I have websites weith no PR at all, but on the top of SE results (Hunagrian) .
 
MI
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