MIRA INFORM REPORT

Report Date :

24.11.2011

IDENTIFICATION DETAILS

Company Name :	ZAKARIYA & CO.

Registered Office :	NP-11 49/50 2^nd Floor Duriyana Street, Jodia Bazar, Karachi

Country :	Pakistan

Year of Establishment :	1980

Legal Form :	Partnership Concern

Line of Business :	Import, Indenting & Trading of Textile Chemicals, Dyes & Pigments, Textile Auxiliaries etc

No. of Employees :	5 persons

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 – 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

ZAKARIYA & CO.

Full Address

Registered Address & Factory

NP-11 49/50 2^nd Floor Duriyana Street, Jodia Bazar, Karachi, Pakistan

Tel #	92 (21) 32512934, 32528456, 32521068, 32526632
Fax #	92 (21) 32528456

Short Description Of Business

a.	Nature of Business	Import, Indenting & Trading of Textile Chemicals, Dyes & Pigments, Textile Auxiliaries etc
b.	Year Established	1980
c.	National Tax #	0670996

Branches

In Karachi at present

Legal Status

Subject Concern was established as a Partnership business in 1980

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. M. Mansoor Sodha

Mr. Abdul Qayyum

Mr. Muhammad Hussain

Pakistani

Pakistan

NP-11 49/50 2^nd Floor Duriyana Street, Jodia Bazar, Karachi

Business

Managing Partner

Partner

Associates

A. Subsidiary

None

B. Associated Companies

(1) Razzaque Impex, Pakistan.

Products

(1) Subject Concern is engaged in import, indenting & trading of Textile Chemicals, Dyes & Pigments, Textile Auxiliaries etc.

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

(3) Its mainly import from China, Korea, Taiwan, India, Turkey, Germany & Thailand.

(4) Its’ major customers are Trading Companies, Textile Manufacturers, Private Companies etc.

(5) Subject operates from caption leased office premises of area measuring 500 Sq.ft which is situated at main commercial market of Karachi.

(6) Subject employs about 5 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	32,000,000/- (Estimated)

Trade Suppliers

(Foreign)

Subject mainly import from Companies belongs to China, Korea, Taiwan, India, Turkey, Germany & Thailand

Bankers

· MCB Bank Limited, Pakistan.

· NIB Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

· Soneri Bank Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 87.50
UK Pound	1	Rs. 136.30
Euro	1	Rs. 116.70

Comments

Subject Concern was established in 1980 and is engaged in import, indenting & trading of Textile Chemicals, Dyes & Pigments, and Textile Auxiliaries. 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.52.10
UK Pound	1	Rs.81.30
Euro	1	Rs.70.07

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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