MIRA INFORM REPORT

Report Date :

24.01.2012

IDENTIFICATION DETAILS

Name :	RACHNA AGRI BUSINESS

Registered Office :	Shop # 2, Mini Stadium, Sheikhupura Road, Gujranwala

Country :	Pakistan

Year of Establishment :	1989

Legal Form :	Proprietorship Concern

Line of Business :	Import & Trading of all types of Vegetable Seeds

No. of Employees :	07

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

RACHNA AGRI BUSINESS

Full Address

Registered Address

Shop # 2, Mini Stadium, Sheikhupura Road, Gujranwala, Pakistan

Tel #	92 (55) 4223408, 4218894
Fax #	92 (55) 4218343
Email	rachna@gjr.paknet.com.pk

Short Description Of Business

a.	Nature of Business	Import & Trading of all types of Vegetable Seeds
b.	Year Established	1989
c.	National Tax #	1822053

Branches

None

Legal Status

Subject Concern was established as a Proprietorship business in 1989

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Asim Butt

Mr. Muhammad Abid

Pakistani

Shop # 2, Mini Stadium, Sheikhupura Road, Gujranwala

Trading Business

Proprietor

Manager (Import)

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Business Activities

Subject Concern is engaged in the business as import & trading of all types of Vegetable Seeds.

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

It sells against Cash / Credit terms to its local customers.

It’s mainly import from India, Vietnam, Singapore, Canada, Australia, U.A.E. & Singapore.

Its major customers are Traders, Retailers, Farmers, Food Companies etc.

Subject operates from caption leased shop premises of area measuring 1,100 sq.ft. which is situated in commercial market.

Subject employs about 7 persons in its set up.

Trade Suppliers

(Foreign)

(1) ONEKING SEED CO. LIMITED, SINGAPORE.

(2) TECHSPARK SEED CO. LTD, SINGAPORE.

(3) EGINTEX CO., U.A.E.

Annual Sales Volume

Year	In Pak Rupees
2008 - 2009	29,000,000/- (Estimated)

Bankers

· MCB Bank Limited, Pakistan.

· Citibank N.A., Pakistan

· Bank Alfalah Limited, Pakistan

· Habib Bank Limited, Pakistan.

Memberships

· Gujranwala Chamber of Commerce & Industry.(GCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 90.30
UK Pound	1	Rs. 139.10
Euro	1	Rs. 115.80

Comments

Subject Concern was established in 1989 and is engaged in import & trading of all type of Vegetable Seeds. 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.50.24
UK Pound	1	Rs.78.13
Euro	1	Rs.64.79

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.