MIRA INFORM REPORT

Report Date :

02.04.2012

IDENTIFICATION DETAILS

Name :	ABDUL GHAFFAR HAJI NOOR MUHAMMAD

Registered Office :	Shop No. 3, Selani Chambers, Muhammad Feroze Street, Jodia Bazar, Karachi

Country :	Pakistan

Year of Establishment :	1985

Legal Form :	Proprietorship Concern

Line of Business :	Import, Indenting & Trading of Spices, Pulses & Other Commodities

No. of Employees :	05

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

ABDUL GHAFFAR HAJI NOOR MUHAMMAD

Full Address

Registered Address

Shop No. 3, Selani Chambers, Muhammad Feroze Street, Jodia Bazar, Karachi, Pakistan

Tel #	92 (21) 32415941, 32436866
Fax #	92 (21) 32436866

Short Description Of Business

a.	Nature of Business	Import, Indenting & Trading of Spices, Pulses & Other Commodities
b.	Year Established	1985

Branches

None

Legal Status

Subject Concern was established as a Proprietorship business in 1985

Details of Proprietor

Names

Nationality

Address

Occupation

Designation

Mr. Abdul Ghaffar Haji Noor Muhammad

Pakistani

Shop No. 3, Selani Chambers, Muhammad Feroze Street, Jodia Bazar, Karachi

Business

Proprietor

Associated Companies

None

Business Activities

Subject Concern is engaged in import, indenting & trading of Spices, Pulses & Other Commodities.

Local sales are mostly on cash / credit terms basis.

It’s mainly import from China, India, Australia, Canada, Vietnam, Portugal, Bangladesh & Ukraine.

Its’ major customers are Trading Companies, Retailers, Individuals etc.

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

Subject employs about 5 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	30,000,000/- (Estimated)

Trade Suppliers

(Foreign)

Subject represent some foreign companies belongs to China, India, Australia, Canada, Vietnam, Portugal, Bangladesh & Ukraine

Bankers

(1) Habib Metropolitan Bank Limited, Pakistan.

(2) Meezan Bank Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) Soneri Bank Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 90.50
UK Pound	1	Rs. 144.00
Euro	1	Rs. 120.30

comments

Subject Concern was established in 1985 and is engaged in import, indenting & trading business. 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.51.16
UK Pound	1	Rs.81.72
Euro	1	Rs.68.34

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.