MIRA INFORM REPORT

Report No. :	344462
Report Date :	12.10.2015

IDENTIFICATION DETAILS

Name :	PAKLAND INTERNATIONAL

Registered Office :	Office # 9-10, 2^nd Floor, Diamond Tower, 28-Commercial Zone, Liberty Market, Gulberg III, Lahore

Country :	Pakistan

Year of Establishment :	1994

Legal Form :	Proprietorship

Line of Business :	Import & Trading of Laboratory, Research and Quality Control Products, Medical Equipments & Supplies.

No. of Employees :	10

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 :	Slow but correct

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

Business Name

PAKLAND INTERNATIONAL

Full Address

Registered Address

Office # 9-10, 2^nd Floor, Diamond Tower, 28-Commercial Zone, Liberty Market, Gulberg III, Lahore, Pakistan

Tel #	92 (42) 35784169, 35784170
Fax #	92 (42) 35784170
Email	infopaklandintl@gmail.com

Short Description Of Business

a.	Nature of Business	Engaged in import & trading of Laboratory, Research and Quality Control products, Medical Equipments & Supplies
b.	Year Established	1994

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 1994

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Tahir Jamil

Pakistani

Office # 9-10, 2^nd Floor Diamond Tower, 28-Commercial Zone, Liberty Market, Gulberg III, Lahore

Business

CEO / Proprietor

Associated Companies

None

Business Activities

Subject Company is engaged in import & trading of Laboratory, Research and Quality Control products, Medical Equipments & Supplies.

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

Its importing countries are U.S.A., U.K. European Countries, Korea, Singapore, Hong Kong & Taiwan.

Its major customers are Government Corporations, Private & Government Hospitals etc.

Subject operates from caption leased office premises situated at commercial area of Lahore.

Subject employs about 10 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2013	42,000,000/- (Estimated)

Trade Suppliers (Foreign)

ELECTROLAB, UNIMAX, SHIMADZU, HITACHI, HEIDOLPH. SI ANALYTICS, ESCO, DYNAMICA, BROOKFIELD, VELP SCIENTIFICA, WTW

Bankers

(1) Allied Bank Limited, Pakistan.

(2) United Bank Limited, Pakistan.

(3) Habib Bank Limited, Pakistan.

(4) Bank Alfalah Limited, Pakistan.

Memberships

· Lahore Chamber of Commerce & Industry.(LCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs.104.40
UK Pound	1	Rs.159.50
Euro	1	Rs.117.75

Comments

Subject Company was established in 1994 and is engaged in import & trading of Laboratory, Research and Quality Control Products, Medical Equipments & Supplies. 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.64.78
UK Pound	1	Rs.99.54
Euro	1	Rs.73.08

INFORMATION DETAILS

Analysis Done by :	HEE

Report Prepared by :	NIT

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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