MIRA INFORM REPORT

Report No. :	343354
Report Date :	02.10.2015

IDENTIFICATION DETAILS

Name :	RUDOLF PAKISTAN (PVT) LIMITED

Registered Office :	122-B, Lalazar, Judicial Society, Thokar Niaz Baig, Lahore

Country :	Pakistan

Date of Incorporation :	2004

Com. Reg. No.:	0048579

Legal Form :	Private Limited Company

Line of Business :	Engaged in Manufacture & Marketing of Textile / Leather Chemicals

No. of Employees :	203

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

Business Name

RUDOLF PAKISTAN (PVT) LIMITED

Full Address

Registered Address

122-B, Lalazar, Judicial Society, Thokar Niaz Baig, Lahore, Pakistan

Tel #	92 (42) 35311591, 35311530, +923008451923
Fax #	92 (42) 35311530

Short Description Of Business

a.	Nature of Business	Engaged in Manufacture & Marketing of Textile / Leather Chemicals
b.	Year Established	2004
c.	Registration #	0048579

Factory Location

121- Ferozepur Road, Lahore, Pakistan

Auditors

Asjad Amin & Co.

(Chartered Accountants)

Legal Status

Subject Company was established as a Private Limited Company in 2004

6.	Authorized Capital	Rs. 80,000,000/- divided into 800,000 shares of Rs. 100/- each
	Issued & Paid up Capital	Rs. 62,000,000/- divided into 620,000 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Mansoor Haider Jawaid

Mr. Ernst Wolfgang Franz Schumann

Dr. Wolfgang Schumann

Mr. Khalid Mahmood

Pakistani

German

Pakistani

122-B, Lalazar, judicial Society, Thokar Niaz Baig, Lahore

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Mansoor Haider Jawaid

Mr. Ernst Wolfgang Franz Schumann

Mr. Wolfgang Schumann

Mr. Khalid Mahmood

IB Insuirie Chemie-Beteiliguns GMBH, Germany

151,900

316,198

Associates

A. Subsidiary

None

Associated Companies

(1) K.K Enterprises, Pakistan

(2) ISCO Corporation, Pakistan.

Business Activities

Engaged in Manufacture & Marketing of Textile / Leather Chemicals

Number of Employees

203

Annual Production Volume

The capacity and production of the company’s plant is indeterminable as it is multi-product and involves varying processes of manufacturing.

Annual Sales Volume

Year

In Pak Rupees

2014

820,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject import globally from Companies belongs to China, Korea, Hong Kong, Taiwan, India, Italy & Germany

Customers

Mainly Textile Manufacturers, Leather Manufacturing Companies

Bankers

Faysal Bank Limited, Pakistan.

Habib Bank Limited, Pakistan.

Deutsche Bank AG, Pakistan.

Soneri Bank Limited, Pakistan.

KASB Bank Limited, Pakistan.

Memberships

Lahore Chamber of Commerce & Industry.(LCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 104.15
UK Pound	1	Rs. 158.50
Euro	1	Rs. 114.90

Comments

Subject Company was established in 2004 and is engaged in manufacture & marketing business. Overall reputation is satisfactory. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms & conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.55
UK Pound	1	Rs.99.17
Euro	1	Rs.73.08

INFORMATION DETAILS

Analysis Done by :	KAR

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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