MIRA INFORM REPORT

Report Date :

13.01.2011

IDENTIFICATION DETAILS

Name :	PERC (PRIVATE) LIMITED

Registered Office :	27-H-1, Wapda Town, Lahore

Country :	Pakistan

Date of Incorporation :	02.11.2009

Com. Reg. No.:	0070789

Legal Form :	Private Limited Company

Line of Business :	Construction & Allied Services

RATING & COMMENTS

MIRA’s Rating :

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

Status :	New Company

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

PERC (PRIVATE) LIMITED

Full Address

Registered Address

27-H-1, Wapda Town, Lahore, Pakistan

Tel #	92 (42) 35224556, +923214133194
Fax #	92 (42) 35224556

Short Description Of Business

a.	Nature of Business	Engaged in Construction & Allied Services
b.	Year Established	02/11/2009
c.	Registration #	0070789

Branches

None

Legal Status

Subject Company was established as a Private Limited Company in 2009

Authorized Capital	Rs. 1,000,000/- divided into 100,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 10,000 divided into 1,000 shares of Rs. 10/- each

Details of Directors

Names

Address

Occupation

Designation

Mr. Saad Masood

Mrs. Yasmeen Masood

27-H-1, Wapda Town, Lahore

Business

Chief Executive

Director

Shareholders

Name

No of Shares

Mr. Saad Masood

Mrs. Yasmeen Masood

500

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Subject Company is engaged as the business of Construction & Allied Services.

It purchases raw material against D/A basis.

It’s mainly import from China.

Its’ major customers are Private Companies, Individuals.

Subject operates from caption office premises of area measuring 300 Sq Yards. which is situated at residential area of Lahore.

Subject employs about 3 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009 - 2010	Not ascertained as the subject is a new Company

Bankers

· Bank Alfalah Limited, Pakistan.

· Habib Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.90
UK Pound	1	Rs. 134.37
Euro	1	Rs. 112.09

Comments

Subject Company is new as it was recently established in 2009. Company is engaged in Construction & Allied services. Directors are new in this business. Trade relations are not known. Such as conducting business activity with the subject is considered to be a trade risk.

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.