MIRA INFORM REPORT

Report Date :

31.03.2008

IDENTIFICATION DETAILS

Name :	U.M. ENTERPRISES (PVT) LIMITED

Registered Office :	18-C, 3^rd Floor, Dolmen Estate Building, Block 7-8, Shaheed-e-Millat Road, Karachi

Country :	Pakistan

Date of Incorporation :	1998

Com. Reg. No.:	0038891

Legal Form :	Private Limited Company

Line of Business :	Import / Distribution of Poultry Feeds, Veterinary Medicines, Poultry Feed Raw Materials.

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

U.M. ENTERPRISES (PVT) LIMITED

Full Address

Registered Address

18-C, 3^rd Floor, Dolmen Estate Building, Block 7-8, Shaheed-e-Millat Road, Karachi, Pakistan.

Tel	92 (21) 4527833, 4522645
Fax	92 (21) 4527810
Email	ummalik@khi.comsats.net.pk

Short Description Of Business

Nature of Business	Import / Distribution of Poultry Feeds, Veterinary Medicines, Poultry Feed Raw Materials.
Year Established	1998
Registration #	0038891 (Old registration # was 7164/19980307)

Branches

Address	# 6, 3rd Floor, Sharjah Centre, Main Shadman Market, Lahore, Pakistan.
Tel #	92 (42) 7566937, 7566938
Fax #	92 (42) 7566938

Factory

Address	Plot No.12, Sector No.15, Korangi Industrial Area, Karachi, Pakistan
Tel #	92 (21) 5050074, 5050076
Fax #	92 (21) 5066552

Auditors

Panjwani & Co.

(Chartered Accountants)

213-214, Second Floor, Burhani Chambers, Abdullah Haroon Road, Karachi, Pakistan.

Legal Status

Subject Company was established as a Private Limited Company in 1998

Authorized Capital	Rs. 1,000,000/- divided into 10,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 40,000/- divided into 400 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Malik Liaquat Ali

Muhammad Umer

Mohammad Iqbal Badruddin

Mohammad Ali Malik

Pakistani

J-41, 10th Gizri Street, Phase-IV, D.H.S., Karachi

House # 4E-8/10, Nazimabad No. 4, Karachi

Business

Chief Executive

Director

Shareholders

Names

Address

No. of Shares

Malik Liaquat Ali

Muhammad Umer

Mohammad Iqbal Badruddin

Mohammad Ali Malik

J-41, 10th Gizri Street, Phase-IV, D.H.S., Karachi

House # 4E-8/10, Nazimabad No. 4, Karachi

100

Associates

A. Subsidiary

None

B. Associated Companies

Matrix Pharma (Pvt) Limited, Pakistan.

Liaquat Pharma, Pakistan.

Herbion, Pakistan.

Orthosurg, Pakistan.

Napcom Pakistan (Pvt) Limited, Pakistan.

Product/Services

Amino Acid, Anti-biotics, Coccidiostats, Feed Additives, Growth Promoters, Minerals & Vitamins.

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2006	80,000,000/- (Estimated)

Principals (Foreign)

TIANJING XIN-XING VETERINARY PHARMACEUTICAL FACTORY.

RINGPU ( TIANJIN ) ANIMAL PHARMACEUTICAL,CO.LTD.

LUKANG PHARMACEUTICAL IMPORT & EXPORT CORP.

ZHEJIANG SHENGHUA BIOK BIOLOGY CO.LTD.

CHANGSHA XIRUI CHEMICALS INDUSTRY FACTORY.

TIANJIN BAIAO BIOTECH PRODUCTS CORP.

ZHEJIANG CHEMICALS IMPORT & EXPORT.CORP.

ARAB VETERINARY INDUSTRIAL CO.(AVICO).

BROOKSIDE AGRA L.C.

(10) EMBREX INC.USA.

(11) JOOSTEN PRODUCTS BV, HOLLAND.

(12) PT HAPE JAYA INDUSTRIES, INDONESIA.

(13) DANISCO CULTOR - FINNFEEDS FINLAND.

(14) VAM ORGANIC CHEMICALS LTD.

(15) PLANALQUIMICA INDUSTRIAL LTD.BRAZIL.

(16) VANETTA SPA ITALY.

Customers

Feed Millers, Whole Sale Traders, Retail Traders, Government Veterinary Organizations, Live Stocks and Farmers.

Bankers

Albaraka Islamic Bank B.S.C., Pakistan.

Bank Alfalah Limited, Pakistan.

Soneri Bank Limited, Pakistan.

Habib Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 63.15
UK Pound	1	Rs. 125.55
Euro	1	Rs. 99.40

Comments

Subject Company was established in 1998 and is engaged in import & distribution of Poultry Feeds, Veterinary Medicines, and Poultry Feed Raw Materials. Market reputation is good and trade relations are reported as fair. Payments are usually correct and as per commitments. 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