MIRA INFORM REPORT

 

 

Report Date :

16th June, 2006.

 

IDENTIFICATION DETAILS

 

Name :

AGROVET MARKETING SERVICE

 

 

Registered Office :

Suite 435-A, Bhayani Centre, Block-M, North Nazimabad, Karachi, Pakistan.

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1988

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Import / Distribution of Veterinary Medicines, Feed Additives and Allied Products.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

                                   

Business Name

 

AGROVET MARKETING SERVICES

 

 

Full Address       

 

Registered Address

Suite 435-A, Bhayani Centre, Block-M, North Nazimabad, Karachi, Pakistan.

Tel: 92 (21) 6642348, 6627857

Fax: 92 (21) 6644564

Email: info@agrovetmarketing.com

 

 

Short Description Of Business

 

a.  Nature of Business   

      Import / Distribution of Veterinary Medicines, Feed Additives and Allied Products.

 

b. Year Established

    1988

 

 

Branches

 

In Lahore, Faisalabad, Rawalpindi, Multan, Hyderabad, Sukkur & Quetta

 

 

Legal Status

 

Subject Company was established as a Proprietorship business in 1988

 

 

Details of Proprietor

 

Names                              Nationality       Address                        Occupation      Designation

Mr. Waseemuddin              Pakistani           D-39, Block-N, North Nazimabad, Karachi, Pakistan.        Business      Proprietor

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

Sister Concern

 

(1) Waseem Impex Corporation

                                                          

           

 

Associated Companies

 

Karachi Water Bottlers.

nternational Trade Linker.

World Vision International.

Monthly Pakistani. Trade

Linker

 

Business Activities

 

Import / Distribution of Veterinary Medicines, Feed Additives and Allied Products.

 

 

Number of Employees

 

45

 

 

Annual Sales Volume

 

Year                                                           In Pak Rupees

2005                                                           90,500,000/- (Estimated)

 

 

Agencies (Foreign)

 

Richter Pharma, Austria.

Ceva Sante Animale, France.

Cenavisa S.A. Laboratories, Spain.                   

 

 

Customers

 

Feed Millers, Whole Sale Traders, Retail Traders, Government Veterinary Organizations, Live Stocks and Farmers.

 

 

Bankers and their addresses

 

Habib Bank Limited, North Napier Road Branch, Karachi, Pakistan.

Muslim Commercial Bank Limited, Business Recorder House Branch, Karachi, Pakistan.

Union Bank Limited, Haidery Branch, Karachi, Pakistan.

 

 

Brief Profile Of Proprietor

 

Proprietor                                            Mr. Waseemuddin 

             Academic Qualification          Master Degree from University of Karachi.

Experience                                          Marketing Experience for more than 25 years in the same field.

 

 

Foreign Exchange Rates

 

Currency               Unit          Pakistani Rupee

US Dollar                   1          Rs. 60.42

UK Pound                  1          Rs. 111.40

Euro                          1          Rs. 76.05

 

 

Comments

 

Subject Concern was established in 1988 and is engaged in import and distribution of Veterinary Medicines, Feed Additives and Allied Products.  The office set-up is good looking & staff employed is reasonably skilled. Their market reputation is good and trade relations are reported as fair. The Concern can be considered for normal business dealings at usual trade terms and conditions.

 

 

 

 

 

 

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions