MIRA INFORM REPORT

Report Date :

19.12.2011

IDENTIFICATION DETAILS

Name :	RAFI GUL & SONS

Registered Office :	Pipal Mandi, Peshawar, Khyber Pakhtoonkwa

Country :	Pakistan

Year of Establishment :	1989

Legal Form :	Proprietorship Concern

Line of Business :	Import, Indenting & Trading of Commodities

No. of Employees :	6 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

RAFI GUL & SONS

Full Address

Registered Address

Pipal Mandi, Peshawar, Khyber Pakhtoonkwa, Pakistan

Tel #	92 (91) 2213463, 2214855, +923219025200
Fax #	92 (91) 2214855

Short Description Of Business

a.	Nature of Business	Import, Indenting & Trading of Commodities
b.	Year Established	1989

Branches

None

Legal Status

Subject Concern was established as a Proprietorship business in 1989

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Rafi Gul

Mr. Arsalan Rafi

Pakistani

Pipal Mandi, Peshawar, Khyber Pakhtoonkwa

Business

Proprietor

Manager (Import)

Associated Companies

(1) Jannat-Ul-Atfal Hajj Services (Pvt) Limited, Pakistan.

Business Activities

Subject Concern is engaged in import, indenting & trading of Commodities.

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

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

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 600 Sq.ft. which is situated at main commercial market of Peshawar.

Subject employs about 6 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009	28,000,000/- (Estimated)

Trade Suppliers

(Foreign)

Subject mainly import from Companies belongs to China, India, Australia, Canada & Vietnam

Bankers

(1) United Bank Limited, Pakistan.

(2) Habib Bank Limited, Pakistan.

(3) Faysal Bank Limited, Pakistan.

(4) Bank Alfalah Limited, Pakistan.

Memberships

· Sarhad Chamber of Commerce & Industry.(SCCI)

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 1989 and is engaged in import, indenting & trading of Commodities. Overall reputation is satisfactory. 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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.