MIRA INFORM REPORT

Report Date :

26.04.2007

IDENTIFICATION DETAILS

Name :	HASSAN PHARMACEUTICAL (PRIVATE) LIMITED

Registered Office :	Plot # 99-A, Industrial Estate, Jamrud Road, Peshawar

Country :	Pakistan

Date of Incorporation :	1992

Com. Reg. No.:	P-01041/19921106

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Pharmaceutical Products

RATING & COMMENTS

MIRA’s Rating :

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

HASSAN PHARMACEUTICAL (PRIVATE) LIMITED

Full Address

Registered Address & Factory

Plot # 99-A, Industrial Estate, Jamrud Road, Peshawar, Pakistan

Tel	92 (91) 5815661, 5813864
Fax	92 (91) 5813947
Email	---

Short Description Of Business

Nature of Business	Manufacture & Marketing of Pharmaceutical Products
Year Established	1992
Registration #	P-01041/19921106

Branches

None

Auditors

M/s Shahid Sami & Co.

(Chartered Accountants)

1^st Floor, Lumsay Arcade, Fakhar-e-Alam Road, Peshawar, Pakistan

Legal Status

Subject Company was incorporated as a Private Limited Company in 1992

Authorised Capital	Rs. 10,000,000/- divided into 100,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 3,810,000/- divided into 38,100 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad

Nawaz

Mrs. Azra Bibi

Pakistani

J-4, House # 73, Phase II, Hayatabad, Peshawar

Business

Chief Executive

Director

Shareholders

Names

Number of Shares

Mr. Muhammad Nawaz

Mrs. Azra Bibi

Mr. Muhammad Abbas

Mr. Muhammad Kashif

Mrs. Shada Bibi

Mr. Pervez Akhter

2,500

10,000

9,000

6,000

4,000

6,600

Associated Companies

None

Products

ACEPOL, ALUMAG PLUS, AMINOTHOL-D, ASCOTRAN, ASOQUIN, BRONCORIDE, BRONCORIDE-DM, BRONCOSAF, CE-FEROL, CO FEROL, HASVIT PLUS, HASVIT-C, PINWORM, TRIFURON-M, TRIFURON-P, ULTRA MOX, ULTRA PEN, URELEX

Number of Employees

Annual Production Volume

The capacity and production of the company’s plant is indeterminable as it is multi-product and involves varying processes of manufacture.

Annual Sales Volume

Year	In Pak Rupees
2005	30,000,000/- (Estimated)

Trade Suppliers (Foreign)

CREATIVE CHEMICALS, INDIA

MAPLE BIOTECH (PVT) LIMITED, INDIA

AARTI DRUGS, INDIA.

ASHU INTERNATIONAL, INDIA.

ESKAY INTERNATIONAL, INDIA.

Customers

Mainly Pharmacies, Distributors, Hospitals & Trading Companies located in Peshawar

Bankers

MCB Bank Limited, Pakistan.

Faysal Bank Limited, Pakistan.

Bank Alfalah Limited, Pakistan.

Habib Bank Limited, Pakistan.

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 60.70
UK Pound	1	Rs. 121.35
Euro	1	Rs. 82.55

Comments

Subject Company was established in 1992 and is engaged in manufacture & marketing of Pharmaceutical Products. Trade relations are reported as fair. The Company 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

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