Attachment 1
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Report
Update On |
14th October, 1999 |
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Report on [Correct Name] |
PUNJAB FEED MILLING LIMITED |
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Correct Name |
PUNJAB FEEDS LIMITED |
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Registered Office |
26 Davis Road, Lahore, Pakistan |
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Tel. No. |
92-42-636 6186 |
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Fax No. |
92-42-636 2920 |
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E-Mail |
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Telex |
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Attachment 2
S U M M A R Y
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Incorporated |
1977 |
Status |
Moderate |
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Registration No. |
C-23 |
Chief Executive |
Mr. Munir Manno |
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Capital (Pak Rs.) |
11 millions |
Payments |
Slow and delayed |
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Sales (Pak Rs.) |
494.023 millions |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
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Auditors |
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Credit Rating |
C (See attachment 3) |
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FACTORY
Sheikupura Road, Sheikupura, Pakistan
HISTORY
The company was incorporated on 31st August, 1977 at Lahore in Pakistan having Company Registration Number C-23 of 1977-78.
LEGAL FORM
It is a Closely Held Public Limited Liability company.
DIRECTORS
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Name |
Address |
Occupation |
Designation |
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Munir Manno (S/o. Late Haji Dost Mohammad) |
18-H Gulberg II, Lahore |
Industrialist |
Director |
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Humayun Manno (S/o. Munir Manno) |
18-H Gulberg II, Lahore |
Industrialist |
Director |
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Khursid Manno (S/o. Malik Mohd. Hussain) |
3-T Gulberg II, Lahore |
Industrialist |
Director |
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Nasir Manno (S/o. Late Bashir Manno) |
40L Gulberg II, Lahore |
Industrialist |
Director |
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Shakil Manno (S/o. Late Bashir Manno) |
35-G Gulberg II, Lahore |
Industrialist |
Director |
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Safia Begum (W/o. Late Bashir Manno) |
318-A Upper Mall, Lahore |
House-wife |
Director |
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Aurangzeb Manno (S/o. Khursid Manno) |
3-T Gulberg II, Lahore |
Industrialist |
Director |
MAJOR SHAREHOLDERS
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Name of Shareholder |
Address |
No. of Shares |
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Munir Manno (S/o. Late Haji Dost Mohammad) |
18-H Gulberg II, Lahore |
13,000 |
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Humayun Manno (S/o. Munir Manno) |
18-H Gulberg II, Lahore |
17,000 |
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Khurshid Manno (S/o. Malik Mohd. Hussain) |
3-T Gulberg II, Lahore |
5,000 |
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Masir Manno (S/o. Late Bashir Manno) |
40L Gulberg II, Lahore |
5,000 |
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Shakil Manno (S/o. Late Bashir Manno) |
35-G Gulberg II, Lahore |
5,000 |
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Safia Begum (W/o. Late Bashir Manno) |
318-A Upper Mall, Lahore |
4,000 |
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Aurangzeb Manno (S/o. Khurshid Manno) |
3-T Gulberg II, Lahore |
3,800 |
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Miss Zainab Shakeel (D/o. M. Shakil Manno) |
35-G Gulberg II, Lahore |
2,775 |
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Miss Mehyra Nasir (D/o. Nasir Manno) |
40-L Gulberg II, Lahore |
2,775 |
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Razz Manno (S/o. Shakil Manno) |
3-T Gulberg II, Lahore |
4,550 |
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Zeeshan Manno (S/o. Nasir Manno) |
40-L Gulberg II, Lahore |
4,250 |
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Mustafa Manno (S/o. Shakil Manno) |
35-G Gulberg II, Lahore |
4,250 |
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Olympia Assets Private Limited |
23 David Road, Lahore |
928,600 |
BUSINESS
The company is engaged in manufacturing and marketing of Poultry Feeds & Fish Meal.
The company has appointed distributors in each district level throughout Pakistan and in Azad Kashmir.
The company purchases its requirements of Polypropline Bags and Raw Materials from local market.
The company operates from a caption owned office premises. Caption factory is of area admeasuring approx. 25 kanals or 12,500 sq. yards.
ASSOCIATES
K Olympia Assets Private Limited
K Punjab Poultry Feed Private Limited
K Olympia Textile
K Olympia Carpets
MEMBERSHIPS
K Lahore Chamber of Commerce & Industry
K Pakistan Pharmaceutical Medical Association
BANKERS
K Doha Bank, H. B. L., Opp. High Court, Lahore, Pakistan
[Registered Mortgage of Rs.69,426,000]
K American Express Bank, The Mall, Lahore, Pakistan
[Registered Mortgage of Rs.17,000,000]
financial information
[figures are in Pak Rupees Millions]
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PARTICULARS |
1997-98 |
1996-97 |
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Turnover |
494.023 |
277.855 |
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Gross Profit |
77.092 |
8.694 |
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Weak Loss incurred as under |
72.813 |
15.543 |
CAPITAL STRUCTURE
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Authorised Capital : |
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2,000,000 |
Ordinary Shares of Pak Rs.10/- each |
Pak Rs.20.000 millions |
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Issued, Subscribed & Paid-up
Capital : |
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1,100,000 |
Ordinary Shares of Pak Rs.10/- each |
Pak Rs.11.000 millions |
COMMENTS
Financial position of the company is bad. The country’s economy is also discouraging. Now, the country is ruled by Army and lot of uncertainities prevail in trade and business circles.
It would be prudent to deal with the company on fully safe and secured trade terms and conditions. Important dealings can be ignored for the time being.
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 &
Signature