MIRA INFORM REPORT

Report No. :	347144
Report Date :	03.11.2015

IDENTIFICATION DETAILS

Name :	SHAIKH TALIB HUSSAIN MATLOOB HUSSAIN

Registered Office :	33-A, New Grain Market, Makhdoom Road, Faisalabad

Country :	Pakistan

Date of Incorporation :	1999

Legal Form :	Proprietorship business

Line of Business :	Engaged in import, indenting & trading of commodities & agricultural products.

No. of Employee :	5

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, 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

Company name

SHAIKH TALIB HUSSAIN MATLOOB HUSSAIN

Full Address

Registered Address

33-A, New Grain Market, Makhdoom Road, Faisalabad, Pakistan

Tel #	92 (41) 2614240, 2614540
Fax #	92 (41) 2614540

Short Description Of Business

a.	Nature of Business	Engaged in import, indenting & trading of commodities & agricultural products
b.	Year Established	1999

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 1999

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Mehmood Hussain Sheikh

Pakistani

33-A, New Grain Market, Makhdoom Road, Faisalabad

Business

CEO / Proprietor

Associated Companies

None

Business Activities

Subject Company is engaged in import, indenting & trading of commodities & agricultural products.

Payments would be made through D/A, D/P basis to its trade suppliers globally.

Local sales are mostly on cash / credit term basis to its domestic customers.

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

Its major customers are Retail & Wholesale Traders, Private Companies deal with cash / credit term basis.

Subject operates from caption leased shop premises situated at commercial market of Faisalabad.

Subject employs about 5 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2014	23,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject import globally from Companies belongs to China, Thailand, Hong Kong, India, Portugal, Ukraine & Vietnam. Its global trade suppliers are Companies related to commodities & agricultural products

Bankers

(1) Habib Bank Limited, Pakistan.

(2) Bank Al-Habib Limited, Pakistan..

(3) United Bank Limited, Pakistan.

(4) MCB Bank Limited, Pakistan.

Memberships

· Faisalabad Chamber of Commerce & Industry.(FCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 105.40
UK Pound	1	Rs. 162.00
Euro	1	Rs. 115.75

Comments

Subject Company was established in 1999 and is engaged in import, indenting & trading of commodities & agricultural products. Overall reputation is normal. 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.65.48
UK Pound	1	Rs.101.06
Euro	1	Rs.72.22

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	ANK

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.