MIRA INFORM REPORT

Report Date :

28.02.2011

IDENTIFICATION DETAILS

Name :	BOMBIS GROUP

Registered Office :	Office # 1, 7^th Floor, Sharjah Trade Centre, New Challi, Karachi

Country :	Pakistan

Year of Establishment :	1989

Legal Form :	Group of Companies

Line of Business :	Diversified Business activities including Textiles, Commodities & Industrial Products

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Pakistan

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

Business Name

BOMBIS GROUP

Full Address

Registered Address

Office # 1, 7^th Floor, Sharjah Trade Centre, New Challi, Karachi, Pakistan

Tel #

92 (21) 32429973 - 75 (3 Lines)

Fax #

92 (21) 32429976

Email

bombi@cyber.net.pk,

anisbombi@hotmail.com

Short Description Of Business

a.	Nature of Business	Engaged in diversified business activities including Textiles, Commodities & Industrial Products
b.	Group Formed	1989

Branches

In Karachi & Lahore

Legal Status

Subject Group of Companies was formed in 1989

Group’s Management

Names

Nationality

Address

Occupation

Designation

Mr. Anis Majeed

Mr. Bilal Majeed

Pakistani

Office # 1, 7^th Floor, Sharjah Trade Centre, New Challi, Karachi

Trading Business

Group Chairman

Group Director

Group Companies

· Majeed Sons, Pakistan.

· Bombi Impex, Pakistan.

· Bombi Textiles, Pakistan.

Business Activities

Subject Group is engaged in diversified business activities including Textiles, Commodities & Industrial Products.

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

It sells against Cash / Credit terms.

Its’ major customers are Food Manufacturers, Indenters, Trading Companies, Buying Agencies etc

Subject operates from caption leased office premises of area measuring 600 Sq.ft. which is situated at commercial area.

Subject employs about 100 persons in its set up.

Group Trade Suppliers

(Foreign)

Mainly import from China, India, Vietnam, Singapore, Canada, Australia & Gulf Countries

Annual Sales Volume

Year	In Pak Rupees
2009	200,000,000/- (Estimated)

Bankers

· Bank Alfalah Limited, Pakistan.

· Meezan Bank Limited, Pakistan.

· Faysal Bank Limited, Pakistan.

· Bank Alhabib Limited, Pakistan.

· MCB Bank Limited, Pakistan.

Group’s Membership

· Federation Pakistan Chamber of Commerce & Industry.(FPCCI)

· Karachi Wholesale Grocers Association.(KWGA)

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.40
UK Pound	1	Rs. 137.14
Euro	1	Rs. 116.80

Comments

Subject Group was established in 1989 and is engaged in diversified business activities including Textiles, Commodities & Industrial Products. Group 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.45.37
UK Pound	1	Rs.73.25
Euro	1	Rs.62.68

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

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.