MIRA INFORM REPORT

Report Date :

19.12.2011

IDENTIFICATION DETAILS

Name :	KERAWALA ENTERPRISES

Registered Office :	11/48, Daryalal Street, Jodia Bazar, Karachi

Country :	Pakistan

Year of Establishment :	1992

Legal Form :	Proprietorship

Line of Business :	Import & Trading of Commodities including Coconut, Tea, Pulses, Spices, Cheak Peas, Beans, Lentils etc

No. of Employees :	4 persons

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Concern

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Pakistan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Business Name

KERAWALA ENTERPRISES

Full Address

Registered Address

11/48, Daryalal Street, Jodia Bazar, Karachi, Pakistan

Tel #	92 (21) 32528926, 32511664
Fax #	92 (21) 32511664
Email	kerai@super.net.pk

Short Description Of Business

a.	Nature of Business	Import & Trading of Commodities including Coconut, Tea, Pulses, Spices, Cheak Peas, Beans, Lentils etc
b.	Year Established	1992

Branches

None

Legal Status

Subject Concern was established as a Proprietorship business in 1992

Details of Proprietor

Names

Nationality

Address

Occupation

Designation

Mr. Anwer Ali

Pakistani

11/48, Daryalal Street, Jodia Bazar, Karachi

Business

Proprietor

Associated Companies

None

Business Activities

Subject Concern is engaged in import & trading of Commodities including Coconut, Tea, Pulses, Spices, Cheak Peas, Beans, Lentils etc.

Local sales are mostly on cash / credit terms basis to its local customers.

It’s mainly import from China, India, Australia, Canada, Vietnam, Sri Lanka & Thailand.

Its’ major customers are Traders located at Jodia Bazar, Kagzi Bazar, New Challi Anaaj Mandi & North Napier Market of Karachi.

Subject operates from caption leased shop premises of area measuring 450 Sq.ft. which is situated at main commercial market of Karachi.

Subject employs about 4 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009	20,000,000/- (Estimated)

Trade Suppliers

(Foreign)

(1) MERCHANT LANKA, SRI LANKA.

(2) PRAKASH OVERSEAS, INDIA.

(3) SRI MADAN GOPAL BHIKAM CHAND MARKETING PVT LTD, INDIA.

(4) HICOM INTL, SRI LANKA.

(5) JAISREE IMPEX (PTE) LIMITED, SINGAPORE.

Bankers

(1) Askari Bank Limited, Pakistan.

(2) MCB Bank Limited, Pakistan.

(3) Allied Bank Limited, Pakistan.

(4) Bank Alfalah Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 89.55
UK Pound	1	Rs. 138.00
Euro	1	Rs. 115.70

Comments

Subject Concern was established in 1992 and is engaged in import & trading of Commodities including Coconut, Tea, Pulses, Spices, Cheak Peas, Beans, Lentils etc. 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.52.81
UK Pound	1	Rs.82.00
Euro	1	Rs.68.81

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	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
----	NB	New Business	----

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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