MIRA INFORM REPORT

Report Date :

4^th May 2006

IDENTIFICATION DETAILS

Name :	MEHBOOB ALAM BHATTI & BROTHERS

Registered Office :	Shop # 9, Sabzi Mandi, Ravi Road, Lahore, Pakistan

Date of Incorporation :	1989

Legal Form :	Partnership

Line of Business :	Engaged in import & export of Orange, Garlic, Ginger, and Onions. Also engaged in local trading of fruits & vegetables

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Business Name

MEHBOOB ALAM BHATTI & BROTHERS

Full Address

Registered Address

Shop # 9, Sabzi Mandi, Ravi Road, Lahore, Pakistan

Tel

92 (42) 7720972, 7706299

Fax

92 (42) 7722032

mahboob009@yahoo.com,

shanshah09@yahoo.com

Short Description Of Business

Nature of Business	Import & Export
Year Established	1989

Branches

None

Legal Status

Subject Company was established as a Partnership business in 1989

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. Mehboob Alam Bhatti

Mr. Muhammad Ayoub Khan

Mr. Tariq Mehmood

Mr. Shahbaz Mehmood Bhatti

Pakistani

Shop # 9, Sabzi Mandi, Ravi Road, Lahore

Trading Business

Managing Partner

Partner

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Subject Company is engaged in import & export of Orange, Garlic, Ginger, Onions. Also engaged in local trading of fruits & vegetables.

It’s mainly import from India.

Its exporting countries are U.A.E.

Subject sells against cash / credit terms.

It’s major customers are retailers and traders.

Subject operates from caption leased shop, a premise of area measuring 1,134 sq.ft.which is situated in commercial area.

Subject employs about 5 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2004	23,000,000/- (Estimated)

Customers

Retailers & Traders

Bankers and their addresses

Muslim Commercial Bank Limited, Fruit Market Branch, Ravi Road, Lahore, Pakistan.

Memberships

Lahore Chamber of Commerce & Industry. (LCCI)

Financial Information

[Figures are in Pakistani Rupees)

PARTICULARS		31.12.2004

Capital Invested		14,560,000/-

Annual Sales Turnover (2004)		23,000,000/- (Estimated)

Note:

Sole Proprietorship and Partnership concerns are exempted from divulging

their Balance Sheet and Profit & Loss Account figures and hence could not be

available.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 60.15
UK Pound	1	Rs. 110.20
Euro	1	Rs. 75.60

Comments

Subject Company was established in 1989 and is engaged in import & export of Orange, Garlic, Ginger and Onions. Trade relations are reported as fair. Subject Company can be considered for normal business dealings at usual trade terms and conditions.

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions