MIRA INFORM REPORT

Report Date :

07.11.2011

IDENTIFICATION DETAILS

Name :	MONSANTO PAKISTAN (PVT) LIMITED

Registered Office :	330 Sector Z, Commercial Area Phase III, Defence Housing Authority, Lahore

Country :	Pakistan

Year of Establishment :	1999

Com. Reg. No.:	0040121

Legal Form :	Private Limited Company

Line of Business :	Import, Production & Marketing of Hybrid and other seeds. Also engaged in import & marketing of Agricultural Pesticides Products

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 :	Usually Correct

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

MONSANTO PAKISTAN (PVT) LIMITED

Full Address

Registered Address

330 Sector Z, Commercial Area Phase III, Defence Housing Authority, Lahore, Pakistan

Tel #	92 (21) 111-106-106, 35735040 - 35735045 (5 Lines)
Fax #	92 (21) 35693041, 35693042

Short Description Of Business

a.	Nature of Business	Import, Production & Marketing of Hybrid and other seeds. Also engaged in import & marketing of Agricultural Pesticides Products
b.	Year Established	1999
c.	Registration #	0040121

Branches

In Multan at present

Auditors

M. Yousaf Adil Saleem & Co.

(Chartered Accountants)

Cavish Court, A-35, Block 7 & 8, K.C.H.S.U., Shahrah-e-Faisal, Karachi, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1999

Authorised Capital	Rs. 150,000,000/- divided into 15,000,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 91,101,350/- divided into 9,110,135 shares of Rs. 10/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Aamir Mahmood Mirza

Mr. M. Ilyas Nadeem

Mrs. Christina Maria Wagner

Mr. Jagresh Kumar Rana

Mr. Bradley Louis Hoseman

Pakistani

2^nd Floor, RBS Building, 310, Upper Mall, Lahore

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Aamir Mahmood Mirza

Mr. M. Ilyas Nadeem

Mrs. Christina Maria Wagner

Mr. Jagresh Kumar Rana

Mr. Bradley Louis Hoseman

Monsanto Company, U.S.A.

9,110,085

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

history

The company name has been changed from Monsanto Pakistan Agritech (Pvt) Limited to Monsanto Pakistan (Pvt) Limited w.e.f. 21^st July 2011.

The Registered Address was changed to 330 Sector Z, Commercial Area, Phase III, Defense Housing Authority, Lahore, Pakistan w.e.f. 07/09/2009.

Business Activities

Subject Company is engaged in import, production & marketing of Hybrid and other seeds. Also engaged in import & marketing of Agricultural Pesticides Products.

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

It sells against Cash / Credit terms to its local customers.

It’s mainly import from China, India, Korea & Germany.

Its major customers are Distribution Companies, Pesticides Manufacturers, Agricultural Products Manufacturers, Trading Companies.

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

Subject employs about 30 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009	150,000,000/- (Estimated)

Trade Suppliers

(Foreign)

Various international belongs to China, India, Korea & Germany

Bankers

· Habib Bank Limited, Pakistan.

· United Bank Limited, Pakistan.

· MCB Bank Limited, Pakistan.

· Askari Bank Limited, Pakistan.

· Citibank N.A., Pakistan.

Memberships

· Lahore Chamber of Commerce & Industry.(LCCI)

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 1999 and is engaged in import, production & marketing of Hybrid and other seeds. Also engaged in import & marketing of Agricultural Pesticides Products. Market reputation is good. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms and conditions. Management denied financials details during current investigation.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

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