MIRA INFORM REPORT

Report Date :

13.01.2011

IDENTIFICATION DETAILS

Name :	MUSAJI ADAM & SONS

Registered Office :	1-Humair Centre, Hormusji Street, Gari Khata, Off M.A. Jinnah Road, Karachi

Country :	Pakistan

Year of Establishment :	1988

Legal Form :	Proprietorship Concern

Line of Business :	Import & Trading of Scientific Equipment & Supplies, Laboratory Chemicals

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 :	Unknown

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

MUSAJI ADAM & SONS

Full Address

Registered Address

1-Humair Centre, Hormusji Street, Gari Khata, Off M.A. Jinnah Road, Karachi, Pakistan

Tel #	92 (21) 32218972, 32626250
Fax #	92 (21) 32626251
Email	musajisons@hotmail.com

Short Description Of Business

a.	Nature of Business	Import & Trading of Scientific Equipment & Supplies, Laboratory Chemicals
b.	Year Established	1988
c.	National Tax #	1291378

Branches

2^nd Mezannine Floor, G.G. Heights,

Doctors Lane, Saddar, Hyderabad,

Pakistan

39, Karachi Market, Khyber Bazar,

Peshawar, Pakistan

Legal Status

Subject Company was established as a Proprietorship business in 1988

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Younus Vohra

Mr. Muhammad Irfan Vohra

Pakistani

1-Humair Centre, Hormusji Street, Gari Khata, Off M.A. Jinnah Road, Karachi

Business

Proprietor

Manager (Import)

Business Activities

Subject Company is engaged in the business as Import & Trading of Scientific Equipment & Supplies, Laboratory Chemicals.

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

It sells against Cash terms.

It’s mainly import from Canada, U.S.A., Germany & Austria.

Its major customers are Laboratories, Government & Private Institute, Hospitals etc.

Subject operates from caption leased shop premises of area measuring 1,200 Sq.ft. which is situated in commercial area.

Subject employs about 12 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009	50,000,000/- (Estimated)

Trade Suppliers

(Foreign)

· OXOID LIMITED, CANADA.

· CORNING INCORPORATED, U.S.A.

· ALFA AESAR GMBH + KG, GERMANY.

· BRAND GMBH + CO KG, GERMANY.

Bankers

· MCB Bank Limited, Pakistan.

· Habib Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

· Faysal Bank Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.60
UK Pound	1	Rs. 132.06
Euro	1	Rs. 111.07

Comments

Subject Company was established in 1988 and is import & trading of Scientific Equipment & Supplies, Laboratory Chemicals. Market 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.45.16
UK Pound	1	Rs.70.64
Euro	1	Rs.58.68

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
----	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.