MIRA INFORM REPORT

Report Date :

14^th February, 2007

IDENTIFICATION DETAILS

Name :	SHAHID MAHMOOD & CO (PVT) LTD

Registered Office :	48 - Steel Market, Dil Mohammad Road, Lahore, Pakistan

Country :	Pakistan

Date of Incorporation :	1995

Com. Reg. No.:	L-08208

Legal Form :	Private Limited Company

Line of Business :	Import & Trading of Building Hardware & related products.

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 :	Usually Correct

Litigation :	Clear

Business Name

SHAHID MAHMOOD & CO (PVT) LTD

Full Address

Registered Address

48 - Steel Market, Dil Mohammad Road, Lahore, Pakistan.

Tel	92 (42) 7224930, 7227603
Fax	92 (42) 7220393
U.A.N.	92 (42) 111-121-112
Mobile #	0300-8451240
Email	smchardware@brain.net.pk, smcltd@brain.net.pk

Short Description Of Business

a.	Nature of Business	Import & Trading of Building Hardware & related products.
b.	Year Established	1995
c.	Registration #	L-08208

Branches

None.

Legal Status

Subject Company was established as a Private Limited Company in 1995

Auditors

Sarwan Awan & Company

(Chartered Accountants)

Authorised Capital

Rs. 20,000,000 divided into 200,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 10,000,000 divided into 100,000 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Shahid Mahmood

Zahid Mahmood

Abid Mahmood

Mrs. Firdous Bano

Pakistani

2-B, Nasheman Street, Empress Road, Lahore, Pakistan.

Business

House Wife

Chief Executive

Director

Shareholders

Names

Address

No. of Shares

Shahid Mahmood

Zahid Mahmood

Abid Mahmood

Mrs. Firdous Bano

2-B, Nasheman Street, Empress Road, Lahore, Pakistan.

34,000

30,500

5,000

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Import & Trading of Building Hardware & related products.

Number of Employees

10 - 14

Annual Sales Volume

Year	In Pak Rupees
2005	55,000,000/- (Estimated)

Agencies (Foreign)

GROHE WATER TECHNOLOGY AG & CO. KG, HEMER

SMEG, UNITED KINGDOM.

Customers

Various Local including Builders, Contractors etc.

Bankers

Muslim Commercial Bank Ltd, Pakistan.

PICIC Commercial Bank Ltd, Pakistan.

Union Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 60.72
UK Pound	1	Rs. 117.85
Euro	1	Rs. 78.80

Comments

Subject Company was established in 1995 and is engaged in import & sale of building hardware & related products to different contractors, builders etc. Chief Executive as well as Directors of the company are Pakistani. Trade relations are reported as fair. The 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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