MIRA INFORM REPORT

Report Date :

29^th January, 2007

IDENTIFICATION DETAILS

Name :	MEHMOOD BROTHERS

Registered Office :	M.R. 4/17, 1st Floor, Fukda Centre, Ali Akber Street, Jodia Bazar, Karachi, Pakistan

Country :	Pakistan

Date of Incorporation :	1986

Com. Reg. No.:	1267848

Legal Form :	Proprietorship

Line of Business :	Import & Trading of Dyes & Pigments, Textile Chemicals, Food Chemicals.

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

MEHMOOD BROTHERS

Full Address

Registered Address

M.R. 4/17, 1st Floor, Fukda Centre, Ali Akber Street, Jodia Bazar, Karachi, Pakistan

Tel	92 (21) 2441550, 2441552
Fax	92 (21) 2413936
Email	mahmdbros@cyber.net.pk

Short Description Of Business

a.	Nature of Business	Import & Trading of Dyes & Pigments, Textile Chemicals, Food Chemicals
b.	Year Established	1986
c.	National Tax #	1267848

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 1986

Details of Proprietor

Names

Nationality

Address

Occupation

Designation

Mr. Masood-Ul-Islam

Mr. Mahmood Salam

Pakistani

M.R. 4/17, 1st Floor, Fukda Centre, Ali Akber Street, Jodia Bazar, Karachi

Business

Proprietor

Manager (Import)

Associates

A. Subsidiary

None

B. Associated Companies

1. M.B. Dyes Chemical & Silk Inds Pvt Ltd, Pakistan.

2. M.B. Knitwear Pvt Limited, Pakistan.

3. M.B. Dyes Chemical & Silk Industry Pvt Ltd, Pakistan.

Business Activities

Subject Company is engaged in import & trading of Dyes & Pigments, Textile Chemicals and Food Chemicals.

It purchase against L/C, T.T. basis.

It sells against Cash / Credit Terms.

Its’ major customers are Textile Companies, Traders, Food Companies etc.

Subject operates from caption leased office premises of area measuring 1,175 Sq.ft. which is situated in commercial area of Jodia Bazar

Subject employs about 6 persons in its set up.

Importing Countries

Mainly from India, China, Singapore, Denmark, Holland

Annual Sales Volume

Year In Pak Rupees

2005 45,000,000/- (Estimated)

Bankers and their addresses

KASB Bank Limited, Pakistan.

Habib Metropolitan Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 60.87
UK Pound	1	Rs. 119.10
Euro	1	Rs. 78.50

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Comments

Subject Company was established in 1986 and is engaged in import & trading of Dyes & Pigments, Textile Chemicals and Food Chemicals. 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

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