MIRA INFORM REPORT

Report No. :	354762
Report Date :	17.12.2015

IDENTIFICATION DETAILS

Name :	AHBAAB IMPEX

Registered Office :	Arfeen Arcade, Mezzanine Floor, Plot No. 1-W-0-5, Chand Bidi Road, Nanakwara, Karachi

Country :	Pakistan

Date of Incorporation :	2002

Legal Form :	Proprietorship

Line of Business :	Engaged in import, indenting & Trading of Chemicals & Commodities

No. of Employees :	5

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Small Company
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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Pakistan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Business Name

AHBAAB IMPEX

Full Address

Registered Address

Arfeen Arcade, Mezzanine Floor, Plot No. 1-W-0-5, Chand Bidi Road, Nanakwara, Karachi, Pakistan

Tel #	92 (21) 32766752, 36190274
Fax #	92 (21) 32766752

Short Description Of Business

a.	Nature of Business	Engaged in import, indenting & Trading of Chemicals & Commodities
b.	Year Established	2002

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 2002

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Mohammad Arif

Pakistani

Arfeen Arcade, Mezzanine Floor, Plot No. 1-W-0-5, Chand Bidi Road, Nanakwara, Karachi

Business

CEO / Proprietor

Associated Companies

None

Business Activities

Subject Company is engaged in import, indenting & Trading of Chemicals & Commodities.

Local sales are mostly on cash / credit terms basis to its local customers.

It’s mainly import from China, India, Taiwan, Hong Kong, Korea, Vietnam, Portugal & Thailand.

Its major customers are Traders, Retailers etc.

Subject operates from caption leased office premises of area measuring 500 Sq.ft. which is situated at commercial market of Karachi.

Subject employs about 5 persons in its set up.

Annual Sales Volume

Year

In Pak Rupees

2014

13,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject mainly import from Companies belongs to China, India, Taiwan, Hong Kong, Korea, Vietnam, Portugal & Thailand

Bankers

(1) MCB Bank Limited, Pakistan.

(2) Bank Alfalah Limited, Pakistan.

(3) Meezan Bank Limited, Pakistan.

(4) United Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 106.10
UK Pound	1	Rs. 159.75
Euro	1	Rs. 116.00

Comments

Subject Company was established in 2002 and is engaged in import, indenting & trading 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.66.85
UK Pound	1	Rs.100.57
Euro	1	Rs.73.15
PKR	1	Rs.0.63

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TPT

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.