MIRA INFORM REPORT

Report Date :

13.02.2012

IDENTIFICATION DETAILS

Correct Name :	MADINA FEED MILLS (PVT) LIMITED

Registered Office :	105-B II, Gulberg III, M. M. Alam Road, Lahore

Country :	Pakistan

Date of Incorporation :	2005

Legal Form :	Private Limited Company

Line of Business :	Engaged in Poultry Farming related activities

No. of Employees :	145

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 :	Good

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

Company name

MADINA FEED MILLS (PVT) LIMITED

Company Address

Registered Address

105-B II, Gulberg III, M. M. Alam Road, Lahore, Pakistan

Tel #	92 (42) 111-111-254, 35785731 - 36 (6 Lines)
Fax #	92 (42) 35785732

Short Description Of Business

a.	Nature of Business	Engaged in Poultry Farming related activities like production of Poultry feed and broiler chicks for the consumers of white meat
b.	Year Established	2005
c.	Registration #	0050217

Factory Location

Mouza Manga, Hattar, Tehsil,

City District, Lahore,

Pakistan

Auditors

Ehtesham & Co.

(Chartered Accountants)

Legal Status

Subject Company was established as a Private Limited Company in 2005

Authorized Capital	Rs. 100,000,000/- divided into 10,000,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 100,000,000/- divided into 10,000,000 shares of Rs. 10/- each

Details of Directors

Names

Nationality

Address

Designation

Mr. Imran Ali Yousuf

Mrs. Rabia Imran Ali

Pakistani

105-B II, Gulberg III, M. M. Alam Road, Lahore

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Imran Ali Yousuf

Mrs. Rabia Imran Ali

5,000,000

Associates

Subsidiary

None

Associated Companies

Ali & Company, Pakistan.

Yousaf & Company, Pakistan.

Madina Petroleum, Pakistan.

Product/Services

Engaged in Poultry Farming related activities like production of Poultry feed and broiler chicks for the consumers of white meat

Number of Employees

145

Annual Sales Volume

Year	In Pak Rupees
2010	200,000,000/- (Estimated)

Trade Suppliers (Foreign)

(1) FUZHOU FUCHENG, CHINA.

(2) SUMITOMO CHEMICAL SINGAPORE PTE LIMITED, SINGAPORE.

Authorized Distributors

Mainly exist at all major cities of Pakistan

Bankers

(1) The Bank of Khyber, Pakistan.

(2) Habib Metropolitan Bank Limited, Pakistan.

(3) Silk Bank Limited, Pakistan.

(4) Faysal Bank Limited, Pakistan.

(5) United Bank Limited, Pakistan.

Memberships

· Lahore Chamber of Commerce & Industry.(LCCI)

· Federation Pakistan Chamber of Commerce & Industry.(FPCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 90.60
UK Pound	1	Rs. 142.70
Euro	1	Rs. 119.60

Comments

The conduct of the Company is correct and the mode of payment prompt no complaints have been heard regarding payments to local suppliers. 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.49.64
UK Pound	1	Rs.78.35
Euro	1	Rs.65.79

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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