MIRA INFORM REPORT

Report Date :

11.06.2011

IDENTIFICATION DETAILS

Name :	LIBERTY BOOKS (PRIVATE) LIMITED

Registered Office :	3, Rafiq Plaza, Invarity Road, Saddar, Karachi

Country :	Pakistan

Year of Establishment :	1986

Com. Reg. No.:	0014702

Legal Form :	Private Limited Company

Line of Business :	Stockiest of Foreign Books related to Technical, Scientific, Medical, Academic Reference, Importers and Distributors of Foreign Books, CDs, Magazines and Journals

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate
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

Business Name

LIBERTY BOOKS (PRIVATE) LIMITED

Full Address

Registered Address

3, Rafiq Plaza, Invarity Road, Saddar, Karachi, Pakistan

Tel #	92 (21) 35683026, 35671240, 35656567, 35656568
Fax #	92 (21) 35684319

Short Description Of Business

a.	Nature of Business	Stockiest of Foreign Books related to Technical, Scientific, Medical, Academic Reference, Importers and Distributors of Foreign Books, CDs, Magazines and Journals
b.	Year Established	1986
c.	Registration #	0014702

Branches

In Lahore & Islamabad

Auditors

M/s Raza Siddique & Co.

(Chartered Accountants)

Legal Status

Subject Company was established as a Private Limited Company in 1986

Authorized Capital	Rs. 1,000,000/- divided into 10,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 370,000/- divided into 3,700 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Salim Hussain

Mr. Jamil Hussain

Mr. Asif Hussain

Mr. Samir Salim

Mrs. Dilshad

Pakistani

43-9-E/1, Block-6, P.E.C.H.S., Karachi

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Salim Hussain

Mr. Jamil Hussain

Mr. Asif Hussain

Mr. Samir Salim

Mrs. Dilshad

1,034

1,233

100

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Stockiest of Foreign Books related to Technical, Scientific, Medical, Academic Reference, Importers and Distributors of Foreign Books, CDs, Magazines and Journals

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2009	45,000,000/-(Estimated)

Agencies

(Foreign)

CAMBRIDGE UNIVERSITY PRESS.

· MACMILLAN PALGRAVE.

· OXFORD UNIVERSITY PRESS.

· BLACK WELL PUBLISHERS.

· TAYLOR & FRANCIS.

· SAGE PUBLICATION.

· MC-GRAW HILLS PUBLICATION.

· ELSEVIER PUBLISHERS.

· CHAMBERS HARRAP PUBLISHERS.

· MARSHALL CAVENDISH.

· KINGFISHER PUBLICATIONS.

· PENGUIN BOOKS.

Customers

Many Private Institutions, Public Universities, Libraries etc.

Bankers

· Habib Bank Limited, Pakistan.

· United Bank Limited, Pakistan.

· Habib Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupees
US Dollar	1	Rs. 85.70
UK Pound	1	Rs. 139.80
Euro	1	Rs. 123.80

Comments

Subject Company was established in 1986 and is engaged in distribution & sale of international books & magazines. 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.44.72
UK Pound	1	Rs.72.93
Euro	1	Rs.64.72

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.