MIRA INFORM REPORT

Report Date :

18.07.2008

IDENTIFICATION DETAILS

Name :	S.M. CHAWLA & CO

Registered Office :	S-15, S.I.T.E., Mauripur Road, Karachi

Country :	Pakistan

Year of Establishment :	1969

Legal Form :	Proprietorship

Line of Business :	Import & Trading of Aquatic Products, Beverages, Canned Foods, Snacks, Chocolates, Ingredients, Nutrient, Additives, Sweets & Sweeteners

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

Payment Behaviour :	No Complaints

Litigation :	Clear

Business Name

S.M. CHAWLA & CO.

Address

Registered Address

S-15, S.I.T.E., Mauripur Road, Karachi, Pakistan

Tel	92 (21) 2572182, 2566881
Fax	92 (21) 2563863
Email	sattarchawla@ampcogroup.com

Short Description Of Business

a.	Nature of Business	Import & Trading of Aquatic Products, Beverages, Canned Foods, Snacks, Chocolates, Ingredients, Nutrient, Additives, Sweets & Sweeteners
b.	Year Established	1969

Branches

Plot No 18, S.M.C.H.S,

A. M. Yamani Road,

Karachi

Legal Status

Subject Company was established as a Proprietorship business in 1969

Details of Proprietor

Names

Nationality

Address

Occupation

Designation

Mr. Sattar Chawla

Mr. Omair Mateen Chawla

Pakistani

S-15, S.I.T.E., Mauripur Road, Karachi

Business

Proprietor

Manager (Import)

Associated Companies

(1) Global Distributors, Pakistan.

(2) Top Hygiene Industries, Pakistan.

Business Activities

Subject Company is engaged in the business as import & trading of Aquatic Products, Beverages, Canned Foods, Snacks, Chocolates, Ingredients, Nutrient, Additives, Sweets & Sweeteners.

It purchases raw material against L/C, T.T. basis.

It sells against Credit terms.

It’s mainly import from Austria, U.S.A., U.K.

Its major customers are Trading Companies, Distributors etc.

Subject operates from caption leased office premises of area measuring 800 Sq.Yards., which is situated in industrial area.

Subject employs about 10 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2006	100,000,000/- (Estimated)

Trade Suppliers (Foreign)

FRITO-LAY INC, U.S.A.
RED BULL, AUSTRIA.
WEETABIX LTD, U.K.
GENERAL MILLS SALES INC, U.S.A.
J.N. NICHOLS PLC, U.K.
HERMANN PFANNERGETRANKE G.M.B.H., AUSTRIA.

Bankers

Habib Bank Limited, Pakistan.

Habib Metropolitan Bank Limited, Pakistan.

Bank Alfalah Limited, Pakistan.

Standard Chartered Bank, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 72.30
UK Pound	1	Rs. 143.60
Euro	1	Rs. 113.70

Comments

Subject Company was established in 1969 and is engaged in import & trading of Aquatic Products, Beverages, Canned Foods, Snacks, Chocolates, Ingredients, Nutrient, Additives, Sweets & Sweeteners. Market reputation is good. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms and conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.42.78
UK Pound	1	Rs.85.51
Euro	1	Rs.67.90

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