MIRA INFORM REPORT

Report Date :

22.12.2011

IDENTIFICATION DETAILS

Name :	TMD INTERNATIONAL INC.

Registered Office :	Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society, Block-7/8, Shahrah-e-Faisal, Karachi

Country :	Pakistan

Year of Establishment :	1994

Legal Form :	Partnership Concern

Line of Business :	Import & Trading business

No. of Employees :	25 persons

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

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

TMD INTERNATIONAL INC.

Full Address

Registered Address

Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society, Block-7/8, Shahrah-e-Faisal, Karachi, Pakistan

Tel #	92 (21) 34537767, 34537766
Fax #	92 (21) 34537768
Email	tmd-4321@cyber.net.pk

Short Description Of Business

a.	Nature of Business	Import & Trading business
b.	Year Established	1994

Branches

In Lahore & Rawalpindi

Legal Status

Subject Concern was established as a Partnership business in 1994

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. Syed Talha Kirmani

Mr. Syed Salahuddin

Pakistani

Suite-D, 1st Floor, Anum Classic, 48 Darul Aman Society, Block-7/8, Shahrah-e-Faisal, Karachi

Trading Business

Managing Partner

Partner

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Subject Concern is engaged in the business as import & trading of Machine Tools & Workshop Equipment, Engineering Equipment, Welding Equipment & Machineries, Welding Rods, Welding Safety Equipment, Welding Electrodes.

It purchases against L/C, D/A basis.

It sells against Cash / Credit terms.

It’s mainly import from China, U.K., Japan, Germany, Italy, U.S.A. & U.K.

Its’ major customers are Engineering Companies, Manufacturing Concerns etc.

Subject operates from caption leased office premises of area measuring 1,300 sq.ft. which is situated in commercial plaza.

Subject employs about 25 persons in its set up.

Trade Suppliers

(Foreign)

(1) WELDCRAFT, U.S.A.

(2) TANAKA, JAPAN.

(3) GENSET S.P.A., ITALY.

(4) THERMADINE HOLDINGS CORPORATION, U.S.A.

(5) HYUNDAI WELDING CO. LTD, KOREA.

(6) BÖHLER WELDING, GERMANY.

Annual Sales Volume

Year	In Pak Rupees
2009	85,000,000/- (Estimated)

Bankers

· Bank Alfalah Limited, Pakistan.

· Standard Chartered Bank, Pakistan.

· NIB Bank Limited, Pakistan.

· Citibank N.A., Pakistan.

· Askari Bank 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 1994 and is engaged in import & trading of Machine Tools & Workshop Equipment, Engineering Equipment, Welding Equipment & Machineries, Welding Rods, Welding Safety Equipment, Welding Electrodes. Market reputation is good. 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.52.67
UK Pound	1	Rs.82.53
Euro	1	Rs.69.13

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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