MIRA INFORM REPORT

Report Date :

04.11.2011

IDENTIFICATION DETAILS

Name :	SHAHID MAHMOOD & CO (PVT) LTD

Registered Office :	48 - Steel Market, Dil Mohammad Road, Lahore

Country :	Pakistan

Year of Establishment :	1995

Com. Reg. No.:	0035530

Legal Form :	Private Limited Company

Line of Business :	Import & Trading of Building Hardware & related products

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Pakistan

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

Business Name

SHAHID MAHMOOD & CO (PVT) LTD

Full Address

Registered Address

48 - Steel Market, Dil Mohammad Road, Lahore, Pakistan

Tel #	92 (42) 37224930, 37227603
Fax #	92 (42) 37220393
U.A.N. #	92 (42) 111-121-112
Mobile #	0300-8451240
Email	smchardware@brain.net.pk, smcltd@brain.net.pk

Short Description Of Business

a.	Nature of Business	Import & Trading of Building Hardware & related products
b.	Year Established	1995
c.	Registration #	0035530 (Old Registration was L-08208)

Branches

None

Legal Status

Subject Company was established as a Private Limited Company in 1995

Auditors

Sarwan Awan & Company

(Chartered Accountants)

Authorized Capital	Rs. 20,000,000 divided into 200,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 10,000,000 divided into 100,000 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Shahid Mahmood

Mr. Zahid Mahmood

Mr. Abid Mahmood

Mrs. Firdous Bano

Pakistani

2-B, Nasheman Street, Empress Road, Lahore, Pakistan.

Business

House Wife

Chief Executive

Director

Shareholders

Names

Address

No. of Shares

Shahid Mahmood

Zahid Mahmood

Abid Mahmood

Mrs. Firdous Bano

2-B, Nasheman Street, Empress Road, Lahore, Pakistan.

34,000

30,500

5,000

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Import & Trading of Building Hardware & related products.

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2009 - 2010	90,000,000/- (Estimated)

Trade Suppliers

(Foreign)

· GROHE WATER TECHNOLOGY AG & CO. KG, HEMER

· SMEG, UNITED KINGDOM.

· HUNTER FANS, U.S.A.

Customers

Various Local including Builders, Contractors etc

Bankers

· MCB Bank Ltd, Pakistan.

· Bank Alfalah Limited, Pakistan.

· The Royal Bank of Scotland, Pakistan.

· Standard Chartered Bank, Pakistan.

· United Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 86.30
UK Pound	1	Rs. 137.60
Euro	1	Rs. 118.50

Comments

Subject Company was established in 1995 and is engaged in import & sale of building hardware & related products to different contractors, builders etc. 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.49.37
UK Pound	1	Rs.78.50
Euro	1	Rs.67.59

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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