MIRA INFORM REPORT

Report Date :

26.04.2007

IDENTIFICATION DETAILS

Name :	LEADS PHARMA (PRIVATE) LIMITED

Formerly Known As :	VETY-CARE PHARMACEUTICALS (PVT.) LIMITED

Registered Office :	Plot # 81-A, Street # 6, I-10/3 Islamabad

Country :	Pakistan

Date of Incorporation :	1995

Com. Reg. No.:	00001737

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Veterinary Medicines

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

LEADS PHARMA (PRIVATE) LIMITED

FORMERLY

VETY-CARE PHARMACEUTICALS (PVT.) LIMITED

Full Address

Registered Address

Plot # 81-A, Street # 6, I-10/3 Islamabad, Pakistan

Tel	92 (51) 4441081, 4441082, 4441083, 111-103-103
Fax	92 (51) 4441080
Email	info@vetycare.com

Short Description Of Business

Nature of Business	Manufacture & Marketing of Veterinary Medicines
Year Established	1995
Registration #	00001737

Branches

Address	Flat # 14-B, 1st Floor, Agro Base Flat, Shadman Market Lahore, Pakistan.
Tel #	92 (42) 7551398, 7569004
Fax #	92 (42) 7590319

Address	Room # 301, Anum Blessing Near Duty Free Shop, Block # 7 & 8, K.CH.S. Karachi, Pakistan
Tel #	92 (21) 4544618, 4544619
Fax #	92 (21) 4544619

Auditors

Amir Alam Khan & Co.

(Chartered Accountants)

55/1, Bank Road, Rawalpindi, Pakistan

Legal Advisor

Sofia Hummayun, Rawalpindi, Islamabad, Pakistan.

Legal Status

Subject Company was established as a Private Limited Company in 1995

Authorised Capital	Rs. 50,000,000 divided into 500,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 20,000,000 divided into 200,000 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Designation

Dr. Mohammad Amjad

Mrs. Tammina Amjad

Dr. Mohammad Aslam

Azam

Mr. Syed Abid Nisar

Pakistani

H # 96, Main Double Road, F 10/1, Islamabad,

H # 70, St. # 32, F-6/1, Islamabad

Plot # 81-A, Street # 6, I-10/3 Islamabad

Chief Executive

Director

Shareholders

Names

Address

Shareholding (%)

Dr. Mohammad Aslam Azam

Mrs. Tammina Amjad

Dr. Mohammad Amjad

Mrs. Tehmina Amjad

Mr. Jahanzeb Amjad

Miss Muriam Amjad

Maj. (Rtd) Sardar Aman-ullah

Mrs. Hasina Aman

Miss Aysha Aman

Mr. Shoukat Ullah

H # 70, St. # 32, F-6/1, Islamabad.

H # 96, Main Double Road, F 10/1, Islamabad.

H # 9-B, St # 42, F-7/1, Islamabad.

H # 673, B-11, Mohallah Faizabad, Ward 16, the District. Lieya

9.8

4.8

45.8

5.93

1.9

9.77

Associates

Subsidiary

None

Associated Companies

Vety-Care (Pvt.) Ltd.

Quality Poultry Breeders.

Bio-Veterinary Pharma.

Quality Feeds.

Poultry Diagnostic Lab.

Product/Services

Principally engaged in the manufacture of poultry and livestock quality drugs within the country.

Number of Employees

130

Annual Sales Volume (In Pak Rupees)

Rs. 150,000,000/- (Estimated)

Agencies (Foreign)

Bremer Pharma, Germany.

Intervet International, Holland.

Arbor Acres, USA.

Roxell, Belgium.

Pharmacia & Upjohn, Belgium.

Lohman, Germany.

Distributors (Nationwide)

(1) Excel Care, Gujranwala, Lahore, Pakistan.

(2) Bilal Traders, Faisalabad, Pakistan

(3) Animal & Poultry Helth Services, Peshawar, Pakistan.

(4) Khan Traders, Sarghoda, Pakistan.

(5) Saddiqui Poultry Services, Multan, Pakistan.

(6) Mr. Usman Ghani, Dera Ismail Khan, Pakistan.

(7) Khushall Interprises, Quetta, Pakistan.

Bankers

ABN AMRO Bank Limited, Pakistan.

Muslim Commercial Bank Limited, Pakistan.

Faysal Bank Limited, Pakistan.

Habib Bank Limited, Pakistan.(Mortgage obtained PKR 18,134,830/-)

Financial Position

Satisfactory

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

The conduct of the company is correct and the mode of payment prompt no complaints have been heard regarding payments to local suppliers. 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