MIRA INFORM REPORT

Report Date :

30.04.2012

IDENTIFICATION DETAILS

Name :	Harris Trading Company

Registered Office :	47 - Faiz Market, Chowk Yadgar, Peshawar

Country :	Pakistan

Date of Incorporation :	2000

Legal Form :	Partnership business

Line of Business :	Import & Trading of Construction Material, Marble, Wood and Granite

No. of Employees :	12

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, 2011

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Pakistan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Business Name

HARRIS TRADING COMPANY

Full Address

Registered Address

47 - Faiz Market, Chowk Yadgar, Peshawar, Pakistan

Tel #

92 (91) 2580817, 2580818

Fax #

92 (91) 2580818

Email

khaann@yahoo.com

ilyaass@hotmail.com

Short Description Of Business

a.	Nature of Business	Import & Trading of Construction Material, Marble, Wood and Granite
b.	Year Established	2000
c.	National Tax #	2148931

Branches

In Lahore & Rawalpindi at present

Legal Status

Subject Concern was established as a Partnership business in 2000

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. Ilyas Muhammad

Mr. Mumtaz Muhammad

Pakistani

47 - Faiz Market, Chowk Yadgar, Peshawar

Business

Managing Partner

Partner

Associated Companies

(1) Stone Mart, Pakistan.

Business Activities

Subject Concern is engaged in import & trading of Construction Materials, Marble, Wood and Granite.

Local sales are mostly on cash / credit terms basis.

It’s mainly import from China, India, Spain, U.A.E, Italy & Indonesia.

Its’ major customers are mainly Construction Companies, Trading Companies, Furniture Manufacturers etc.

Subject operates from caption leased shop premises of area measuring 1,150 Sq.ft. which is situated in North Napier Road.

Subject employs about 12 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	35,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject mainly import from Companies belongs to China, India, Spain, U.A.E, Italy & Indonesia

Bankers

(1) Bank Alfalah Limited, Pakistan.

(2) United Bank Limited, Pakistan.

(3) Allied Bank Limited, Pakistan.

(4) Meezan Bank Limited, Pakistan.

Memberships

Khyber Pakhtoonkwa Chamber of Commerce & Industry.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 91.30
UK Pound	1	Rs. 146.80
Euro	1	Rs. 120.00

Comments

Subject Concern was established in 2000 and is engaged in import & trading of Construction Material, Marble, Wood and Granite. 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.52.68
UK Pound	1	Rs.85.12
Euro	1	Rs.69.38

INFORMATION DETAILS

Report Prepared by :

SDA

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.