MIRA INFORM REPORT

Report Date :

04.05.2012

IDENTIFICATION DETAILS

Name :	AL SADDIQUE TRADERS

Registered Office :	Shop No. 85, Grain Market, Sargodha, Punjab

Country :	Pakistan

Year of Establishment :	1999

Legal Form :	Partnership

Line of Business :	Import, Indenting & Trading of Commodities, Food Products

No. of Employees :	8 Persons

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 – 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

AL SADDIQUE TRADERS

Full Address

Registered Address

Shop No. 85, Grain Market, Sargodha, Punjab, Pakistan

Tel #	92 (48) 3711595, 3701595
Fax #	92 (48) 3702578

Short Description Of Business

a.	Nature of Business	Import, Indenting & Trading of Commodities, Food Products
b.	Year Established	1999

Branches

None

Legal Status

Subject Company was established as a Partnership business in 1999

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. Chaudhry Muhammad Akram

Mr. Chaudhry Amjad Javed

Mr. Abu Bakar Siddique

Pakistani

Shop No. 85, Grain Market, Sargodha, Punjab

Business

Managing Partner

Partner

Associated Companies

(1) Al-Siddique Daal Mills, Pakistan.

Business Activities

Subject Company is engaged in import, indenting & trading of Commodities, Food Products.

Local sales are mostly on cash / credit terms basis.

It’s mainly import from China, Singapore, India, Vietnam, Portugal, Australia & Canada.

Its’ major customers are Traders, Retailers, Food Companies, Individuals etc

Subject operates from caption leased shop premises of area measuring 600 Sq.ft. which is situated at main commercial market of Sarghoda.

Subject employs about 8 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	35,000,000/- (Estimated)

Trade Suppliers (Foreign)

(1) PHOENIX COMMODITIES LTD., AUSTRALIA.

(2) J K INTERNATIONAL. PTY LTD, AUSTRALIA.

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

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

Bankers

(1) Askari Bank Limited, Pakistan.

(2) Habib Bank Limited, Pakistan.

(3) Meezan Bank Limited, Pakistan.

(4) Bank Alfalah Limited, Pakistan.

Memberships

Sarghoda Chamber of Commerce & Industry.(SCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 91.25
UK Pound	1	Rs. 145.50
Euro	1	Rs. 119.50

Comments

Subject Company was established in 1999 and is engaged in import, indenting & trading of Commodities, Food Products. Market reputation is satisfactory. 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.53.23
UK Pound	1	Rs.86.14
Euro	1	Rs.69.98

INFORMATION DETAILS

Report Prepared by :

NLM

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.