MIRA INFORM REPORT

Report No. :	345430
Report Date :	19.10.2015

IDENTIFICATION DETAILS

Name :	SAAD AGRO COMMODITIES

Registered Office :	508, Khawaja Abid Trade Centre, Opp City Court, Karachi

Country :	Pakistan

Year of Establishment :	2012

Legal Form :	Proprietorship

Line of Business :	Import & Trading of Commodities & Agricultural Products.

No. of Employees :	4

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:

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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

SAAD AGRO COMMODITIES

Full Address

Registered Address

508, Khawaja Abid Trade Centre, Opp City Court, Karachi, Pakistan

Tel #	+923432006721 (Provided # is mobile no.)
Fax #	---
Email	---

Short Description Of Business

a.	Nature of Business	Engaged in import & trading of Commodities & Agricultural Products
b.	Year Established	2012

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 2012

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Saad Pakhali

Pakistani

508, Khawaja Abid Trade Centre, Opp City Court, Karachi

Business

CEO / Proprietor

Associated Companies

(1) Saad Agro Industries, Pakistan.

Business Activities

Subject Company is engaged in import & trading of Commodities & Agricultural Products.

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

It’s mainly import from China, India, Vietnam, Portugal, Thailand & U.A.E.

Its major customers are Private Companies, Traders etc

Subject operates from caption leased office premises situated at commercial market of Karachi.

Subject employs about 4 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2014	5,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject import globally from Companies belongs to China, India, Vietnam, Portugal, Thailand & U.A.E. Its global trade suppliers are Companies related to Commodities & Agricultural Products

Bankers

(1) MCB Bank Limited, Pakistan.

(2) Bank Alfalah Limited, Pakistan.

(3) Summit Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 104.45
UK Pound	1	Rs. 160.50
Euro	1	Rs. 118.25

Comments

Subject Company was established in 2012 and is engaged in import & 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.64.97
UK Pound	1	Rs.100.55
Euro	1	Rs.73.99

INFORMATION DETAILS

Analysis Done by :	KAR

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.