MIRA INFORM REPORT

Report Date :

04.06.2012

IDENTIFICATION DETAILS

Name :	DAR CERAMICS TRADING COMPANY

Registered Office :	P.O. Box Rahwali, G.T. Road, Gujranwala Cantt

Country :	Pakistan

Year of Establishment :	2000

Legal Form :	Partnership Concern

Line of Business :	Import & Trading of Ceramic Products & Sanitary Ware Items

No. of Employees :	20

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

DAR CERAMICS TRADING COMPANY

Full Address

Registered Address

P.O. Box Rahwali, G.T. Road, Gujranwala Cantt, Pakistan

Tel #	92 (55) 3884425, 3884525, 3884625
Fax #	92 (55) 3884725
Email	darzceramics@yahoo.com

Short Description Of Business

a.	Nature of Business	Import & Trading of Ceramic Products & Sanitary Ware Items
b.	Year Established	2000
c.	National Tax #	2904729

Branches

In Lahore & Karachi

Legal Status

Subject Concern was established as a Partnership business in 2000

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. Tariq Ayub Dar

Mrs. Attiqa Almas

Mrs. Almas Ayub Dar

Pakistani

P.O. Box Rahwali, G.T. Road, Gujranwala Cantt

Business

Managing Partner

Partner

Associated Companies

(1) Almas Building Materials Co. (L.L.C.), Oman.

(2) Darz Ceramic and Plastic Industry (L.L.C.), U.A.E.

(3) Ticos International General Trading L.L.C., U.A.E.

Business Activities

Subject Concern is engaged in the business as import & trading of Ceramic Products & Sanitary Ware Items.

t purchases against D/A basis.

It sells against Cash to its local customers.

It’s mainly import from China, Spain, Italy, Germany.

Its major customers are Construction Companies, Private Contractors, and Distributors.

Subject operates from caption leased office premises of area measuring 500 Sq.yards which is situated in commercial area.

Subject employs about 20 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009 - 2010	62,000,000/- (Estimated)

Trade Suppliers

(Foreign)

· CLASSIC CERAMICS, CHINA.

NEW STARS CERAMICS, CHINA.

FUZHOU FUGIU GOLSTON IMP & EXP, CHINA.

TICOS INTERNATIONAL GENERAL TRADING LLC, U.A.E.

Bankers

(1) Askari Bank Limited, Pakistan.

(2) Faysal Bank Limited, Pakistan.

(3) Bank Alhabib Limited, Pakistan.

(4) Standard Chartered Bank, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 93.90
UK Pound	1	Rs. 144.50
Euro	1	Rs. 116.50

Comments

Subject Concern was established in 2000 and is engaged in import & trading of Ceramic Products & Sanitary Ware Items. Market reputation is good. 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.55.92
UK Pound	1	Rs.86.03
Euro	1	Rs.69.13

INFORMATION DETAILS

Report Prepared by :

MNL

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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