MIRA INFORM REPORT

Report Date :

21.01.2011

IDENTIFICATION DETAILS

Name :	DWP GROUP

Registered Office :	12-C, Block-K, Main Boulevard, Gulberg II, Lahore

Country :	Pakistan

Year of Establishment :	1999

Legal Form :	--

Line of Business :	Involved in diversified business activities related to Consumer Electronics, Home Appliances, Logistics & Freight Forwarding, Information Technology etc

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

DWP GROUP

Full Address

Registered Address

12-C, Block-K, Main Boulevard, Gulberg II, Lahore, Pakistan

Tel #	92 (42) 111-005-006, 35877550 - 53 (4 Lines)
Fax #	92 (42) 35751980

Short Description Of Business

Group Business

Activities

Involved in diversified business activities related to Consumer Electronics, Home Appliances, Logistics & Freight Forwarding, Information Technology etc

Group Formed

1999

Group Branches

Currently in Islamabad, Karachi, Multan, Sialkot & Faisalabad

Manufacturing Base

35 K.M., Multan Road,

Lahore, Pakistan

Group Auditors

M/s Mansha Mohsin Dossani Khan & Co.

(Chartered Accountants)

Group’s Management

Names

Designation

Mr. Muhammed Farooq Naseem

Mr. Murtaza Y. Mandviwalla

Mr. Asim G. Siddiqui

Mr. Talib Halai

Mr. Aftab Tapal

Group’s Chairman / CEO

Vice Chairman & Director

Group Director

Group of Companies

(1) Digital World Pakistan (Pvt.) Ltd, Pakistan.

(2) Document World Pakistan (Pvt.) Ltd, Pakistan.

(3) DWP Technologies (Pvt.) Ltd, Pakistan.

(4) Integrated Professional Solutions (Pvt.) Ltd, Pakistan.

(5) Swift Logistics (Pvt.) Ltd, Pakistan.

Group’s Business Activities

Involved in diversified business activities related to Consumer Electronics, Home Appliances, Logistics & Freight Forwarding, Information Technology etc

Number of Employees

1,518

Group’s Annual Turnover

Year	In Pak Rupees
2009	3,500,000,000/- (Estimated)

Group Principals (Foreign)

SAMSUNG, GREE, ECO, CISCO, XEROX, KERN, BELDEN, ALLIED TELESYN, MICROSOFT, EMC, ORACLE, EMERSON, NCS PEARSON

Group’s Clientele (Pakistan Based)

Mainly Private Companies, Multinational Companies, Distribution Companies etc

Bankers

(1) MCB Bank Limited, Pakistan.

(2) Faysal Bank Limited, Pakistan.

(3) Habib Bank Limited, Pakistan.

(4) Askari Bank Limited, Pakistan.

(5) The Royal Bank of Scotland, Pakistan.

(6) Standard Chartered Bank, Pakistan.

(7) Bank Alfalah Limited, Pakistan.

Memberships

· Federation Pakistan Chamber of Commerce & Industry.

· Lahore Chamber of Commerce & Industry

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.80
UK Pound	1	Rs. 135.89
Euro	1	Rs. 114.73

Comments

DWP Group enjoys good reputation internationally as well as in Pakistan. All the Group Directors are reported as qualified, resourceful & experienced businessmen. Group’s financial position is sound. Group can be considered for moderate business engagements at usual trade terms and condition.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.58
UK Pound	1	Rs.72.73
Euro	1	Rs.61.45

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.