MIRA INFORM REPORT

Report Date :

10.08.2012

IDENTIFICATION DETAILS

Name :	BOMBAL LEATHER

Registered Office :	Plot No. 42, Sector 7-A, Korangi Industrial Area, Karachi,

Country :	Pakistan

Date of Incorporation :	1992

Legal Form :	Partnership

Line of Business :	Manufacture, Import & Export of Sheep and Goat Crust, Dyed Crust & Finished Leather for Shoes and Garments

No. of Employees :	68

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 :	29,200 USD
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, 2012

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

BOMBAL LEATHER

Full Address

Registered Address

Plot No. 42, Sector 7-A, Korangi Industrial Area, Karachi, Pakistan

Tel #	92 (21) 35067712, 35067715
Fax #	92 (21) 35067718
Email	nselectronic@cyber.net.pk

Short Description Of Business

a.	Nature of Business	Manufacture, Import & Export of Sheep and Goat Crust, Dyed Crust & Finished Leather for Shoes and Garments
b.	Year Established	1992

Branches

In Karachi at present

Legal Status

Subject Company was established as a Partnership business in 1992

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Sheikh Ejaz Ahmed

Mr. Fasih Ahmed

Pakistani

Plot No. 42, Sector 7-A, Korangi Industrial Area, Karachi

Business

Managing Partner

Partner

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

(1) Subject Company is engaged in manufacture, import & export of Sheep and Goat Crust, Dyed Crust & Finished Leather for Shoes and Garments.

(2) It mainly import from European Countries, China, Korea & Japan.

(3) Its major customers are Buying Agencies, International Distributors etc.

(4) Payment would be accepted / made through L/C, T.T., D/A basis.

Number of Employees

Annual Production Volume

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

Annual Sales Volume

Year	In Pak Rupees
2010	55,000,000/- (Estimated)

Bankers

(1) MCB Bank Limited, Pakistan.

(2) Soneri Bank Limited, Pakistan.

(3) Habib Bank Limited, Pakistan.

(4) Faysal Bank Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupees
US Dollar	1	Rs. 94.50
UK Pound	1	Rs. 146.80
Euro	1	Rs. 116.30

Comments

Subject Company was established in 1992 and is engaged in manufacture, import & export 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.55.17
UK Pound	1	Rs.86.42
Euro	1	Rs.68.26

INFORMATION DETAILS

Report Prepared by :

PDT

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.