MIRA INFORM REPORT

Report Date :

10.04.2008

IDENTIFICATION DETAILS

Name :	FAISAL BROTHERS

Registered Office :	196, Sethi Plaza, Lane No.2, G.T. Road, Gujranwala

Country :	Pakistan

Date of Incorporation :	1997

Legal Form :	Partnership business

Line of Business :	Import and Trading business of Dyes and 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 :	No Complaints

Litigation :	Clear

Business Name

FAISAL BROTHERS

Full Address

Registered Address

196, Sethi Plaza, Lane No.2, G.T. Road, Gujranwala, Pakistan

Tel	92 (55) 4272751, 4242453
Fax	92 (55) 4241451
Email	fbrother@brain.net.pk

Short Description Of Business

Nature of Business	Import & Trading business
Year Established	1997

Branches

In Lahore at present

Legal Status

Subject Company was established as a Partnership business in 1997

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Mohammad Tariq Mehmood

Mr. Faisal Mehmood

Pakistani

196, Sethi Plaza, Lane No.2, G.T. Road, Gujranwala

Business

Managing Partner

Partner

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Subject Company is engaged in import & trading of Dyes & Chemicals.

It purchases against D/A basis.

It sells against Credit Terms.

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

Subject operates from caption leased office premises of area measuring 900 Sq.ft. which is situated in commercial plaza.

Subject employs about 3 persons in its set up.

Importing Countries

Mainly from India, China & European Countries

Annual Sales Volume

Year	In Pak Rupees
2006	20,000,000/- (Estimated)

Bankers

Bank Alfalah Limited, Pakistan.

Standard Chartered Bank, Pakistan.

NIB Bank Limited, Pakistan.

Allied Bank Limited, Pakistan.

Memberships

· Gujranwala Chamber of Commerce & Industry.(GCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 63.60
UK Pound	1	Rs. 125.45
Euro	1	Rs. 100.10

Comments

Subject Company was established in 1997 and is engaged in import & trading of Dyes & Chemicals. Market reputation is satisfactory. 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.	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

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%)

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