MIRA INFORM REPORT

Report Date :

02.02.2008

IDENTIFICATION DETAILS

Name :	KALOODI INTERNATIONAL (PRIVATE) LIMITED

Registered Office :	1^st Floor, Momin Manzil, Rambharti Street, Jodia Bazar, Karachi,

Country :	Pakistan

Date of Incorporation :	1989

Com. Reg. No.:	0019539

Legal Form :	Private Limited Company

Line of Business :	Import & Indenting of Food Stuff Items, Palm Oil, Minerals, Plastic Raw Materials, Petrochemicals, Textile Chemicals, Textile Raw Materials, Chemicals & Agricultural 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

KALOODI INTERNATIONAL (PRIVATE) LIMITED

Full Address

Registered Address

1^st Floor, Momin Manzil, Rambharti Street, Jodia Bazar, Karachi, Pakistan

Tel	92 (21) 2412298, 2433193
Fax	92 (21) 2414391
Email	ism-kaloodi@hotmail.com

Short Description Of Business

Nature of Business	Import & Indenting of Food Stuff Items, Palm Oil, Minerals, Plastic Raw Materials, Petrochemicals, Textile Chemicals, Textile Raw Materials, Chemicals & Agricultural Products
Year Established	1989
Registration #	0019539

Branches

In Lahore & Multan

Auditors

Ahmed A. Hamid

(Corporate Advisors)

Hassan Ali Building OPP: Light House, M.A. Jinnah Road, Karachi, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1989

Authorized Capital	Rs. 10,000,000/- divided into 1,000,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 15,000/- divided into 1,500 shares of Rs. 10/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Abdullah Kaloodi

Mrs. Roshan

Mrs. Bilquis

Mrs. Shehnaz

Mrs. Yasmin

Pakistani

1^st Floor, Momin Manzil, Rambharti Street, Jodia Bazar, Karachi

Business

House Hold

Chief Executive

Director

Shareholders

Names

Mr. Abdullah Kaloodi

Mrs. Roshan

Mrs. Bilquis

Mrs. Shehnaz

Mrs. Yasmin

Associates

A. Subsidiary

None

B. Associated Companies

Kaloodi & Company, Pakistan.

Abdul Shakoor Ismail Kaloodi, Pakistan.

Business Activities

Subject Company is engaged in the business as import & indenting of Food Stuff Items, Palm Oil, Minerals, Plastic Raw Materials, Petrochemicals, Textile Chemicals, Textile Raw Materials, Chemicals & Agricultural Products.

It purchases against L/C basis.

It sells against Credit terms.

It’s mainly import from Vietnam, Egypt, Taiwan, China, India, Hong Kong, Malaysia, Srilanka.

Its major customers are Retailers, Traders, Plastic Manufacturing Companies, Chemical Companies, Textile Mills etc.

Subject operates from caption leased office premises of area measuring 1,200 Sq.ft. which is situated in commercial Centre.

Subject employs about 10 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2006	60,000,000/- (Estimated)

Trade Suppliers (Foreign)

Various international belongs to China & India

Bankers

(1) Habib Metropolitan Bank Limited, Pakistan.

(2) Faysal Bank Limited, Pakistan.

(3) Soneri Bank Limited, Pakistan.

(4) Habib Bank Limited, Pakistan.

Memberships

Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 62.30
UK Pound	1	Rs. 124.40
Euro	1	Rs. 92.85

Comments

Subject Company was established in 1989 and is engaged in import & indenting of Food Stuff Items, Palm Oil, Minerals, Plastic Raw Materials, Petrochemicals, Textile Chemicals, Textile Raw Materials, Chemicals & Agricultural Products. 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