MIRA INFORM REPORT

 

 

 

Report Date :

03.11.2008

 

IDENTIFICATION DETAILS

 

Name :

DWP TECHNOLOGIES (PRIVATE) LIMITED

 

 

Registered Office :

12-C, Block-K, Main Boulevard, Gulberg II, Lahore

 

 

Country :

Pakistan

 

 

Year of Establishment  :

1997

 

 

Com. Reg. No.:

00000012504

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import and Distribution Business

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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 :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

                                   

Business Name

 

DWP TECHNOLOGIES (PRIVATE) LIMITED

 

 

Full Address       

 

Registered Address

12-C, Block-K, Main Boulevard, Gulberg II, Lahore, Pakistan

                       

Tel

92 (42) 111-005-006

Fax

92 (42) 5755368

Email

www.dwp.com.pk

 

 

Short Description Of Business

 

Nature of Business           

Import & Distribution Business

Year Established

1997

Registration #

00000012504

 

 

Branches

 

Address

5, Zafar Ali Road, Gulberg V, Lahore, Pakistan

Tel #

92 (42) 5754713, 5754923, 5755046

Fax #

92 (42) 5753721

 

Address

65 E, Pak Pavillion Plaza, Fazal-e-Haq Road, Blue Area, Islamabad, Pakistan

Tel #

92 (51) 111-005-006

Fax #

92 (51) 2826648

 

Address

Mandviwalla Chambers, Old Queens Road, Karachi, Pakistan

Tel #

92 (21) 111-005-006

Fax #

92 (21) 2444249

 

 

Auditors

 

Mansha Mohsin Dossani Khan & Co.

(Chartered Accountants)

3rd Floor, Sharjah Centre, 62, Shadman Market, Lahore, Pakistan

 

 

Legal Status

           

Subject Company was established as a Partnership business in 1997 then afterwards it was converted to Private Limited Company in 2003

 

 

 

 

Authorised Capital           

Rs. 175,000,000/-

Issued & Paid up Capital

Rs. 129,234,000/-

 

 

Details of Directors

 

Names

Address

Occupation

Designation

Mr. Muhammad Farooq Naseem

 

 

Mr. Murtaza Yusuf Mandviwala

 

 

Mrs. Roohi Farooq Naseem

5, Zafar Ali Road, Gulberg V, Lahore, Pakistan

 

5, Zafar Ali Road, Gulberg V, Lahore, Pakistan

 

5, Zafar Ali Road, Gulberg V, Lahore, Pakistan

Business

 

 

 

Business

 

 

 

Business

 

Chief Executive

 

 

 

Director

 

 

 

Director

 

 

 

Shareholders                

 

Names

Mr. Muhammad Farooq Naseem

 

Mr. Murtaza Yusuf Mandviwala

 

Mrs. Roohi Farooq Naseem

 

 

Associated Companies

 

Document World Pakistan (Pvt.) Ltd, Pakistan.

 

 

Business Activities

 

Import & Distribution of Office Products, Networking Equipments, Computer Perapherals, Information Technology Products such as Copiers, Printers, Multifunction Devices, Imaging Products, Scanners, Hubs, Switches, Routers, Local Area Network (LAN), Wide Area Network (WAN), Wireless Communication IP Based Solutions Voice and Video Solutions, Virtual Private Networking Solution, Content Networking and Storage Solutions, Structured Cabling, Computing and Storage Solutions, includes Desktop Computers Computer Servers Computer Notebooks/Laptop Data Centre Computing Storage Solutions (SAN, DAS, NAS) - Software Solutions, includes Microsoft based Office Automation / Infrastructure Solutions Open Licensing, Enterprise Agreements

 

 

Number of Employees

 

74

 

 

Annual Sales Volume

           

Year

In Pak Rupees

2007

120,000,000/- (Estimated)

 

 

Principals (Foreign)

 

(1) XEROX MIDDLE EAST & AFRICA.

(2) XEROX CORPORATION, U.S.A.

(3) SAMSUNG ELECTRONICS, KOREA.

(4) DELL ASIA PACIFIC, MALAYSIA.

(5) CISCO SYSTEMS INC, U.S.A.

(6) ALLIED TELESYN INC, U.S.A.

(7) BELDEN IBDN, U.S.A.

 

 

Clientele (Pakistan Based)

 

(1) Economic Affairs Division.

(2) Export Promotion Bureau

(3) Heavy Industries, Taxila.

(4) Heavy Mechanical Complex.

(5) Karachi Electric Supply Corporation.

(6) Karachi Port Trust.

(7) Pakistan International Airlines.

(8) Pakistan Security Printing Corporation.

(9) Pakistan Steel Mills Corporation Limited.

(10) Security Papers Limited.

(11) Sui Northern Gas Pipelines Limited.

(12) Sui Southern Gas Company Limited.

(13) Trading Corporation of Pakistan.

(14) Water and Power Development Authority.

(15) Bank of Punjab.

(16) Habib Metropolitan Bank Limited.

(17) Bank Alfalah Limited, Pakistan.

 

 

Bankers

 

(1) NIB Bank Limited, Main Boulevard, Gulberg III, Lahore, Pakistan.

      (Mortgage obtained PKR 246,200,000/-)

 

(2)  Citibank N.A., EFU House, 5th Floor, 6-D Jail Road, Main Gulberg, Lahore,   Pakistan.(Mortgage obtained PKR 90,000,000/-)

 

(3) Habib Metropolitan Bank Limited, 19-B, Main Boulevard Gulberg, Lahore,  Pakistan.(Mortgage obtained PKR 150,000,000/-)

 

 

Memberships

 

·         Lahore Chamber of Commerce & Industry.

·         All Pakistan Software Houses Association.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

             Rs. 83.75

UK Pound

1

             Rs. 137.00 

Euro

1

             Rs. 108.80

 

 

Comments

 

Subject Company enjoys good reputation in Pakistan Business Circle. All the directors are reported as qualified, resourceful & experienced businessmen. Trade relations are reported as fair. The Company can be considered for normal business dealings at usual trade terms and conditions.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.80.26

Euro

1

Rs.63.08

 

 

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%)

 

 

 

 

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