MIRA INFORM REPORT

Report Date :

07.02.2012

IDENTIFICATION DETAILS

Name :	GRAINS INTERNATIONAL

Registered Office :	101, First Floor, Shalimar Centre, Near Haji Adam Chamber New Challi, Karachi,

Country :	Pakistan

Year of Establishment :	1997

Legal Form :	Proprietorship

Line of Business :	Import, Export & Trading business of Pulses, Rice, Spices & Other Commodities including Dry Ginger, Star Aniseed with stem / without stem etc.

No. of Employees :	7

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, 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

GRAINS INTERNATIONAL

Full Address

Registered Address

101, First Floor, Shalimar Centre, Near Haji Adam Chamber New Challi, Karachi, Pakistan

Tel #	92 (21) 32430152 - 55 (3 Lines)
Fax #	92 (21) 32432313
Email	doni@cyber.net.pk

Short Description Of Business

a.	Nature of Business	Import, Export & Trading business
b.	Year Established	1997
c.	National Tax #	0685885

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 1997

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Arif Doni

Mr. Muhammad Iqbal Doni

Pakistani

101, First Floor, Shalimar Centre, Near Haji Adam Chamber New Challi, Karachi

Business

Proprietor

Manager (Import)

Business Activities

Subject Company is engaged in the business as import, export & trading of Pulses, Rice, Spices & Other Commodities including Dry Ginger, Star Aniseed with stem / without stem, Black Pepper, Cloves, Cardomum Green, Seed Lac, Cassia Leaves, Nut Meg, Maice, Cubeb, Turmeric, Tamarind, Red Chillies, Lentils, Kabuli Cheak Peas, Whole Yellow Peas, Whole Green Peas, Wheat, Sugar, Rice, Canola, Green Mong Beans, Seeds, Green Mong Beans, Sun Flower Seeds, Red Kidney Beans, Black Eyed Beans etc.

It purchases against D/A, L/C basis.

It sells against Cash / Credit terms.

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

Its major customers are Traders, Retailers and Commodity markets in Karachi.

Subject operates from caption leased office premises of area measuring 560 Sq.ft. which is situated in commercial area.

Subject employs about 7 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	47,000,000/- (Estimated)

Trade Suppliers (Foreign)

Mainly depends upon the requirement from their local customers

Bankers

(1) Bank Alhabib Limited, Pakistan.

(2) Habib Metropolitan Bank Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) Faysal Bank Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

· Karachi Wholesale Grocers Association.(KWGA)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 90.50
UK Pound	1	Rs. 138.00
Euro	1	Rs. 141.80

Comments

Subject Company was established in 1997 and is engaged in import, export & trading of Commodities & Food Products. Market reputation is good. Trade relations are reported as fair. Company can be considered for normal business dealings at usual trade terms and conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.68
UK Pound	1	Rs.76.75
Euro	1	Rs.63.57

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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