MIRA INFORM REPORT

Report Date :

08.10.2008

IDENTIFICATION DETAILS

Name :	ULTIMATE CAD SOLUTIONS (PVT.) LIMITED

Registered Office :	88-A, Street # 9, Hali Road, Westridge-I, Rawalpindi

Country :	Pakistan

Date of Incorporation :	2004

Com. Reg. No.:	0048003

Legal Form :	Private Limited Company

Line of Business :	2D Drawing Conversion, 3D Modeling, Designing, and Rapid Prototyping Services for Local as well as International Industry.

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

ULTIMATE CAD SOLUTIONS (PVT.) LIMITED

Full Address

Registered Address

88-A, Street # 9, Hali Road, Westridge-I, Rawalpindi, Pakistan

Tel	92 (51) 5467572, 5467573
Fax	92 (51) 5481362
Email	shakir@ucs-int.com

Short Description Of Business

Nature of Business	UCS specializes in 2D Drawing conversion, 3D Modeling, Designing, and Rapid Prototyping services for local as well as international industry.
Year Established	2004
Registration #	0048003

Branches

In Lahore at present

Auditors

Shehzad Malik & Co.

(Chartered Accountants)

I-789, Maharaja Hotel Building, Murree Road, Rawalpindi, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 2004

Authorized Capital	Rs. 1,000,000/- divided into 10,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 20,000/- divided into 200 shares of Rs. 100/- each

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Shakir Ayub

Mrs. Shabana Shakir

Pakistani

88-A, Street # 9, Hali Road, Westridge-I, Rawalpindi

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Shakir Ayub

Mrs. Shabana Shakir

100

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

UCS specializes in 2D Drawing conversion, 3D Modeling, Designing, and Rapid Prototyping services for local as well as international industry.

Annual Revenue

Year	In Pak Rupees
2006 - 2007	30,000,000/- (Estimated)

No. of Employees

Partners (Foreign)

DASSAULT SYSTEMES, U.S.A.

CEA TECHNOLOGY, AUSTRALIA.

GOM MBH, GERMANY.

WOLFRAM RESEARCH, INC, U.S.A.

Clientele

Many different industries: Aerospace, Oil Industry, R & D organizations, Automobile industry, Process Industry, Government Organizations and more. They include Maritime Technology Corporation, ITS (Pak), Boeing (USA), Sigma Motors (Pak), Attock Oil Refinery (Pak), SsangYong Heavy Industries (Korea) and many others.

Bankers

Askari Commercial Bank Limited, Pakistan
Standard Chartered Bank, Pakistan.
Citibank N.A., Pakistan.
Bank Alfalah Limited, Pakistan.

Memberships

· Rawalpindi Chamber of Commerce & Industry.(RCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 78.50
UK Pound	1	Rs. 136.00
Euro	1	Rs. 105.80

Comments

Subject Company was established in 2004 and is basically professional organization specializes in 2D Drawing conversion, 3D Modeling, Designing, and Rapid Prototyping services for local as well as international industry. Overall reputation is good. Company can be considered for moderate business engagements at usual trade terms and conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.74
UK Pound	1	Rs.85.19
Euro	1	Rs.66.12

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