MIRA INFORM REPORT

Report No. :	345673
Report Date :	20.10.2015

IDENTIFICATION DETAILS

Name :	JHULAY LAL COMMISSION SHOP

Registered Office :	Shop No. 247, New Sabzi Mandi, Link Kacha, Ferozpur Road, Lahore

Country :	Pakistan

Year of Establishment :	1998

Legal Form :	Proprietorship

Line of Business :	Import & Trading of Fresh Fruits & Vegetables.

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:

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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

JHULAY LAL COMMISSION SHOP

Full Address

Registered Address

Shop No. 247, New Sabzi Mandi, Link Kacha, Ferozpur Road, Lahore, Pakistan

Tel #	92 (42) 35965589, +923224420254
Fax #	92 (42) 35965589

Short Description Of Business

a.	Nature of Business	Engaged in import & trading of Fresh Fruits & Vegetables
b.	Year Established	1998

Branches

None

Legal Status

Subject Company was established as a Proprietorship business in 1998

Details of Management

Names

Nationality

Address

Occupation

Designation

Mr. Sajid Mehmood

Pakistani

Shop No. 247, New Sabzi Mandi, Link Kacha, Ferozpur Road, Lahore

Business

CEO / Proprietor

Associated Companies

None

Business Activities

Subject Company is engaged in import & trading of Fresh Fruits & Vegetables.

It purchases against D/A, D/P basis to its trade suppliers globally.

It sells against cash term basis to its domestic customers.

Its import globally from Companies belongs to China, India, Thailand, Hong Kong, U.A.E., Srilanka & Portugal.

Its major customers are Restaurants & Hotels, Individuals etc.

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

Subject employs about 5 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2014	12,000,000/- (Estimated)

Trade Suppliers (Foreign)

Subject import globally from Companies belongs to China, India, Thailand, Hong Kong, U.A.E., Srilanka & Portugal

Bankers

(1) Faysal Bank Limited, Pakistan.

(2) The Bank of Punjab, Pakistan.

(3) United Bank Limited, Pakistan.

(4) MCB Bank Limited, Pakistan.

Memberships

· Lahore Chamber of Commerce & Industry.(LCCI)

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 1998 and is engaged in import & trading of Fresh Fruits & Vegetables. 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.64.82
UK Pound	1	Rs.100.12
Euro	1	Rs.73.75

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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