MIRA INFORM REPORT

Report Date :

17.07.2012

IDENTIFICATION DETAILS

Name :	NEW KOHISTAN DALL MILLS

Registered Office :	Suite # 1, 1^st Floor, Byculla Mansion, New Challi, Karachi

Country :	Pakistan

Date of Incorporation :	1995

Legal Form :	Proprietorship

Line of Business :	Engaged in Processing & local sale of Pulses.

No. of Employees :	50

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 :

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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

NEW KOHISTAN DALL MILLS

Full Address

Registered Address

Suite # 1, 1^st Floor, Byculla Mansion, New Challi, Karachi, Pakistan

Tel #	92 (21) 32424275, 32424286
Fax #	92 (21) 32424286
Email	classicimpoter@yahoo.com

Short Description Of Business

a.	Nature of Business	Engaged in Processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities
b.	Year Established	1995

Factory Location

Factory is located at Industrial Estate in Hyderabad

Legal Status

Subject Company was established as a Proprietorship business in 1995

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Jeevat Ram

Mr. Kishan Chand

Pakistani

Suite # 1, 1^st Floor, Byculla Mansion, New Challi, Karachi

Business

Proprietor

Manager (Import)

Business Activities

Subject Company is engaged in the business as Processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities.

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

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

It’s mainly import from Canada, Austria, India, Vietnam, Burma & Ukraine.

Its major customers are Food Companies, Retailers, Trading Companies etc.

Subject operates from caption leased office premises of area measuring 600 Sq.ft. which is situated in commercial area.

Subject employs about 50 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	62,000,000/- (Estimated)

Annual Production Volume

9,000 M-Tons Pulses per annum

Trade Suppliers (Foreign)

(1) SWINA INTERNATIONAL, SINGAPORE.

(2) GOLDEN HARVEST, AUSTRALIA.

(3) FINORA, CANADA.

(4) NOBLE GRAIN, CHINA.

(5) PARKAS OVERSEAS, INDIA.

(6) OLAM INTERNATIONAL, TANZANIA.

(7) ARPIT AGRO INDUSTRIES (PVT) LIMITED, INDIA.

(8) JAISREE IMPEX (PTE) LIMITED, SINGAPORE.

Bankers

Habib Metropolitan Bank Ltd, Pakistan.

Bank Alfalah Limited, Pakistan.

Faysal Bank Limited, Pakistan.

Meezan Bank Limited, Pakistan.

Memberships

Karachi Chamber of Commerce & Industry.(KCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 94.80
UK Pound	1	Rs. 146.70
Euro	1	Rs. 116.10

Comments

Subject Company was established in 1995 and is engaged in processing & local sale of Pulses. Also engaged in import & trading of all type of Commodities. 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.54.92
UK Pound	1	Rs.85.47
Euro	1	Rs.67.15

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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