MIRA INFORM REPORT

Report Date :

15.07.2011

IDENTIFICATION DETAILS

Name :	TRIDENT CONSTRUCT (PVT) LIMITED

Registered Office :	49-H, Gulberg III, Lahore

Country :	Pakistan

Year of Establishment :	2005

Com. Reg. No.:	0053143

Legal Form :	Private Limited Company

Line of Business :	Subject is engaged in business and profession of construction, restructuring, strengthening, repair, refurbishing of house schemes, colonies, houses, shops, shopping malls, departmental stores, hotels, restaurants, multi-storied buildings, flats, super markets, Utility Stores, Plazaz, Community Buildings 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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Pakistan

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

Bottom of Form

Business Name

TRIDENT CONSTRUCT (PVT) LIMITED

Full Address

Registered Address

49-H, Gulberg III, Lahore, Pakistan

Tel #	92 (42) 3111-603-603
Fax #	92 (42) 35846619

Short Description Of Business

a.	Nature of Business	The principal activity of the Company is to carry on business and profession of construction, restructuring, strengthening, repair, refurbishing of house schemes, colonies, houses, shops, shopping malls, departmental stores, hotels, restaurants, multi-storied buildings, flats, super markets, Utility Stores, Plazaz, Community Buildings etc
b.	Year Established	2005
c.	Registration #	0053143

Branches

In Karachi at present

Auditors

Nasir Javaid Maqsood Imran

(Chartered Accountants)

Legal Status

Subject Company was established as a Private Limited Company in 2005

Authorized Capital	Rs. 205,000,000/- divided into 20,500,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 205,000,000/- divided into 20,500,000 shares of Rs. 10/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Omer Subhan Salamat

Mr. Ahmad Bilal

Mr. Chaudhry Muhammad Aslam

Mrs. Noveen Aslam

Pakistani

49-H, Gulberg III, Lahore

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

First Capital Securities Corporation Limited, Pakistan

Mr. Ahmad Bilal

Mr. Chaudhry Muhammad Aslam Tipu

Mrs. Noveen Aslam

10,453,975

1,025

10,043,975

1,025

Associates

A. Subsidiary

None

B. Associated Companies

(1) Shaheen Foundation, Pakistan.

(2) First Capital Equities Limited, Pakistan.

(3) First Capital Investments Limited, Pakistan.

(4) First Capital Mutual Funds Limited, Pakistan.

(5) Lanka Securities Limited, Pakistan.

(6) Shaheen Insurance Limited, Pakistan.

(7) Equity Partners Securities Limited, Pakistan.

(8) Total Media Limited, Pakistan.

(9) Media Times Limited, Pakistan.

(10) World Press Limited, Pakistan.

(11) Pace Pakistan Limited, Pakistan.

(12) Pace Super Mall Limited, Pakistan.

(13) Pace Woodlands Limited, Pakistan.

Business Activities

(1) The principal activity of the Company is to carry on business and profession of construction, restructuring, strengthening, repair, refurbishing of house schemes, colonies, houses, shops, shopping malls, departmental stores, hotels, restaurants, multi-storied buildings, flats, super markets, Utility Stores, Plazaz, Community Buildings etc.

(2) It purchases raw material against D/A, D/P basis.

(3) Its mainly import from European Countries, China, Taiwan, Korea, Singapore & U.A.E.

(4) Its major customers are Multinational Companies, Private Companies, Construction Companies etc.

(5) Subject operates from caption leased office premises of area measuring 500 Sq. Yards which is situated at residential + commercial area.

(6) Subject employs about 50 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009	220,000,000/- (Estimated)

Agencies

(Foreign)

Various International belongs to Europe, China, Taiwan, Korea, Singapore & U.A.E.

Bankers

· Habib Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

· Soneri Bank Limited, Pakistan.

· MCB Bank Limited, Pakistan.

· Faysal Bank Limited, Pakistan.

· The Royal Bank of Scotland, Pakistan.

Memberships

· Lahore Chamber of Commerce & Industry.(LCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.95
UK Pound	1	Rs. 137.70
Euro	1	Rs. 120.50

Comments

Subject Company was established in 2005. The principal activity of the Company is to carry on business and profession of construction, restructuring, strengthening, repair, refurbishing of house schemes, colonies, houses, shops, shopping malls, departmental stores, hotels, restaurants, multi-storied buildings, flats, super markets, Utility Stores, Plazaz, Community Buildings etc. All the directors are reported as resourceful and experienced businessmen. Trade relations are reported as fair. Company can be considered for normal business dealings at usual trade terms and conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.53
UK Pound	1	Rs.71.80
Euro	1	Rs.63.15

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.