MIRA INFORM REPORT

Report Date :

04.10.2011

IDENTIFICATION DETAILS

Name :	AMJAD AHSAN INFOTECH (PVT) LIMITED

Registered Office :	Plot # 2/4 & 2/5, Sector 17, Korangi Industrial Area, Karachi

Country :	Pakistan

Year of Establishment :	1999

Com. Reg. No.:	0040742

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Ball Points, Pencils & Other Stationery 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 :	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

AMJAD AHSAN INFOTECH (PVT) LIMITED

Full Address

Registered Address

Plot # 2/4 & 2/5, Sector 17, Korangi Industrial Area, Karachi, Pakistan

Tel #	92 (21) 35077701, 35077702
Fax #	92 (21) 35077709

Short Description

a.	Nature of Business	Engaged in manufacture & marketing of Ball Points, Pencils & Other Stationery Products
b.	Year Established	1999
c.	Registration #	0040742

Branches

In Lahore & Rawalpindi

uditors

Umer Siddiqui & Co.

(Chartered Accountants)

330, Muhammadi House, I.I. Chundrigar Road, Karachi, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1999

Authorized Capital

Rs. 50,000,000/- divided into 500,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 43,667,900/- divided into 436,679 shares of Rs. 100/- each

Details of Directors

Names

Designation

Mr. Amjad Ullah Khan

Mr. Ahsan Ullah Khan

Chief Executive

Director

Shareholders

Names

No of Shares

Mr. Amjad Ullah Khan

Mr. Ahsan Ullah Khan

Mrs. Parveen Khan

66,365

310,314

60,000

Business Activities

Engaged in manufacture & marketing of Ball Points, Pencils & Other Stationery Products

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Actual Production Volume

Annual production volume is indeterminable as it mainly depends upon the demand / requirements from their local as well as international customers

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2009	100,000,000/- (Estimated)

Trade Suppliers

(Foreign)

Subject mainly import from Companies belongs to China, European Countries, Korea, Japan & Taiwan

Distributors

Mainly exist at major cities of Pakistan

Bankers

· NIB Bank Limited, Pakistan.

· Askari Bank Limited, Pakistan.

· Faysal Bank Limited, Pakistan.

· MCB Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

· Korangi Association of Trade & Industry.(KATI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 88.00
UK Pound	1	Rs. 138.50
Euro	1	Rs. 119.70

Comments

Subject Company was established in 1999 and is engaged in manufacture & marketing of Stationery Products. Overall 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.49.42
UK Pound	1	Rs.76.72
Euro	1	Rs.65.85

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.