MIRA INFORM REPORT

Report Date :

23.05.2012

IDENTIFICATION DETAILS

Name :	TUJJAAR GROUP OF COMPANIES

Registered Office :	Suite No. M4 & M7, Mezzanine Floor, Al-Amin Tower, Gulshan Iqbal, Karachi

Country :	Pakistan

Year of Establishment :	2005

Legal Form :	Group of Companies

Line of Business :	Import, export of signage needs large-format printing machines distribution, marble, aluminum composite panels and other market requirements.

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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

TUJJAAR GROUP OF COMPANIES

Full Address

Registered Address

Suite No. M4 & M7, Mezzanine Floor, Al-Amin Tower, Gulshan Iqbal, Karachi, Pakistan

Tel #	92 (21) 34978456, +923008218644
Fax #	92 (21) 34978456

Short Description Of Business

Nature of Business	Import, export of signage needs large-format printing machines distribution, marble, aluminum composite panels and other market requirements.
Year Established	2005

Branches

None

Legal Status

Subject Group was established in 2005

Details of Group Management

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Tariq Mustafa

Pakistani

Suite No. M4 & M7, Mezzanine Floor, Al-Amin Tower, Gulshan Iqbal, Karachi

Business

Group Chairman

Associated Companies

(1) TM International, Pakistan.

(2) Bano Digital Graphics, Pakistan.

(3) Ding Dong Graphic Solutions, Pakistan.

(4) IG Graphics, Pakistan.

Business Activities

Subject Company is engaged in import, export of signage needs large-format printing machines distribution, marble, aluminum composite panels and other market requirements.

Local sales are mostly on credit terms basis.

It’s mainly import from China, Singapore, Australia, Canada, U.K. & U.S.A.

Its’ major customers are Publishing Houses, Private Companies etc.

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

Subject employs about 10 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2010	15,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject mainly import from Companies belongs to China, Singapore, Australia, Canada, U.K. & U.S.A.

Bankers

(1) Askari Bank Limited, Pakistan.

(2) KASB Bank Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) NIB Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 91.65
UK Pound	1	Rs. 147.00
Euro	1	Rs. 118.20

Comments

Subject Group was established in 2005 and is engaged in import & export business. 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.54.88
UK Pound	1	Rs.86.84
Euro	1	Rs.70.21

INFORMATION DETAILS

Report Prepared by :

PRL

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.