Attachment 1
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Report
Update On |
7th January, 2002 |
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Report on |
AGROVET MARKETING SERVICES |
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Registered Office |
Suite # 435-A, Bhayani Centre, Block M, North Nazimabad, Karachi 74700,
Pakistan |
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Tel. No. |
+92-21-6627857/6642348/6679905 |
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Fax No. |
+92-21-6644564 |
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Cell No. |
0333-2151690 |
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E-Mail |
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Website |
Attachment 2
SUMMARY
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Incorporated |
1986 |
Status |
Satisfactory |
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Registration No. |
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Chief Executive |
Mr. Waseemuddin |
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Capital (Pak Rs.) |
500,000/- |
Payments |
Usually Correct |
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Sales (Pak Rs.) |
4/5 millions |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
8 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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BACKGROUND INFORMATION
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Name |
Agrovet Marketing Services |
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Type of organ. |
Sole Proprietorship |
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Line of business |
Importers of Veterinary Medicines |
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Head Office |
Suite # 435-A Bhayani Centre, Block M,
North Nazimabad, Karachi |
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Phone |
+92-21-6627857 & 6642348 |
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Fax |
+92-21-6644564 |
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Mobile |
0333-2151690 |
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Email |
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Website |
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Branch Office |
N/A |
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Proprietor |
Mrs. Suleha Waseem |
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Chief Executive |
Mr. Waseemuddin |
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Experience in this field |
16 years |
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Office premises |
Self owned |
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Any sister concern |
Waseem Impex Corporation |
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Quality Water Bottles |
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World vision International |
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No of Employees |
8 |
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Year of Establishment |
1986 |
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Any Trade reference –Local |
Government and private cattle farms |
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Foreign |
Ceva (Ex Sanofi) Sante Animal France |
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Richter Pharma Austria |
BUSINESS
Agrovet Marketing Services are mainly engaged in the business of Veterinary medicine, they are importers of the same. They supply these medicines to different breeder farms. The annual turnover is not disclosed however the agrovet is doing good business in the Veterinary medicine field. We could not find any thing adverse against them. The business dealing is recommended on secure basis.
The concern has been appointed Sole Agents
for whole territory of Pakistan by Ritcher Pharma, Austria and Ceva
Santé Animale, France.
Its head office is located in the commercial and trading region of Karachi, well equipped with efficient and experts in the trade.
For the field promotion, it has twenty seven Veterinary Sales Officers (VSO) who work under the guidance of Marketing Development Manager (MDM). They cover the entire areas of province of Sindh, Punjab, Baluchistan and NWFP and Northern Areas. They are experienced and technically qualified people who extensively travel and visit to Veterinary Doctors to promote our products.
Subject acts as importers as well as promoters and distributors of Veterinary Medicines throughout Pakistan. Its products are distributed through our branch offices in Lahore, Faisalabad, Rawalpindi, Hyderabad, Sukkur and through some Authorized Sub-Distributors or Stockiest in all small cities of Pakistan.
ANALYSIS AND RATING
1. Business scale : High
2. Business trend : Growing
3. Management
capability : Good
4. Coml. Morality : Good
5. Reputation : Good
6. Market situation : Competitive
7. Credit rating : PBA1
Explanatory Note on Credit Appraisal
PBA1- Credit or business dealing is recommended on regular monitoring bases The company possesses normal financial position.
PBA2- Credit dealing is not recommended, business dealing is advised upon a secured basis & a close watch.
PBA3- Credit dealing is not recommended where as business dealings, if necessary, should only be upon secured bases.
Observation points
1) Sign board Installed: Yes
2) Signboard visibility: Clear
3) Location: Easy
4) Locality: Commercial
5) Approx. Market value Area 800 Sq. Ft. of premises &
Rental value: Rs.10,000/- P.M.
6) Visibility items:
Office equipment:
Telephones Yes
Fax Yes
No. of employees at sight: Eight
7) Office appearance: Good
8) Sister concern / Branch office: Above mentioned
9) Trade reference (Any) Above mentioned
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal assurance
for timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
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Feedback – Please tick
the appropriate box.
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Company’s Stamp &
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