MIRA INFORM REPORT

Report Date :

20.09.2011

IDENTIFICATION DETAILS

Correct Name :	K.S. SULEMANJI ESMAILJI & SONS (PVT) LIMITED

Registered Office :	Plot No. L-14, Block 21, F.B. Industrial Area, Scheme No. 16, Karachi

Country :	Pakistan

Year of Establishment :	1975

Com. Reg. No.:	0004716

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Food 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

Maximum Credit Limit :	US $ 40,000

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 – 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

K.S. SULEMANJI ESMAILJI & SONS (PVT) LIMITED

Full Address

Registered Address & Factory

Plot No. L-14, Block 21, F.B. Industrial Area, Scheme No. 16, Karachi, Pakistan

Tel #	92 (21) 111-577-577
Fax #	92 (21) 36374811

Short Description Of Business

a.	Nature of Business	Engaged in manufacture & marketing of Food Products
b.	Year Established	1975
c.	Registration #	0004716

Branches

In Lahore at present

Auditors

Ernst & Young Ford Rhodes Sidat Hyder

(Chartered Accountants)

Progressive Plaza, Beaumont Road, Karachi, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1975

Authorised Capital	Rs. 500,000,000/- divided into 50,000,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 238,000,000/- divided into 23,800,000 shares of Rs. 10/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Saifuddin Akberali

Mr. Murtaza Zainuddin

Pakistani

Plot No. L-14, Block 21, F.B. Industrial Area, Scheme No. 16, Karachi

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Saifuddin Akberali

Mr. Anwarali

Mr. Fakhruddin

Ms. Bilquis Akbarali

Ms. Zarina

Ms. Khatoon Sulemanji

Ms. Samina

Ms. Khatoon Zainuddin

Ms. Salma Anwarali

Ms. Bilquis Shabbir

Mr. Murtaza Zainuddin

Mr. Ali Asghar

Mr. Zainuddin

Mr. Mustafa Shabbir

Mr. Mujtaba Saifuddin

Mr. Muzaffar Esmail

Mr. Nooruddin Esmail

Ms. Malaika Asgharali

Mr. Hamid Zainuddin

18,845,612

828,675

108,000

216,000

111,488

49,500

97,088

121,500

225,000

450,000

640,800

153,000

337,500

180,135

90,067

490,500

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Subject Company is engaged in the business as manufacture & marketing of Food Products including Pasta, Chips, Snacks, Biscuits & Cereals.

It purchases raw material against L/C, T.T. basis.

It sells against Cash / Credit terms.

It’s mainly import from China, India, Vietnam, Canada, Australia.

Its major customers are Distributors mainly exist at all major cities of Pakistan.

Subject operates from caption leased office premises of area measuring 2 Acres which is situated at industrial area.

Subject employs about 228 persons in its set up.

Annual Production Volume

The capacity and production of the company’s plant is indeterminable as it is multi-product and involves varying processes of manufacture

Annual Sales Volume

Year	In Pak Rupees
2009	220,000,000/- (Estimated)

Trade Suppliers

(Foreign)

Various international belongs to China, India, Vietnam, Canada, and Australia

Bankers

· Habib Bank Limited, Pakistan.

· MCB Bank Limited, Pakistan.

· United Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

· Soneri Bank Limited, Pakistan.

· Bank Alhabib Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 88.55
UK Pound	1	Rs. 140.50
Euro	1	Rs. 122.50

Maximum Credit Limit

US $ 40,000

Comments

Subject Company was established in 1975 and is engaged in manufacture & marketing of Food 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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.47.79
UK Pound	1	Rs.75.06
Euro	1	Rs.65.35

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.