MIRA INFORM REPORT

Report Date :

11.06.2007

IDENTIFICATION DETAILS

Name :	PAKISTAN INSTITUTE OF NUCLEAR SCIENCE & TECHNOLOGY (PINSTECH)

Registered Office :	PO Nilore, Islamabad,

Country :	Pakistan

Line of Business :	Research, Development and Training Centers

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 :	Regular

Litigation :	Clear

COMPANY NAME

PAKISTAN INSTITUTE OF NUCLEAR SCIENCE & TECHNOLOGY (PINSTECH)

Address

Registered Address

PO Nilore, Islamabad, Pakistan

Tel - 92 (51) 2207400, 2103899, 9290231

Fax - 92 (51) 9290275

Email - pinstech@paknet2.ptc.pk

History

The subject institute was established in the late fifties, when Pakistan embarked upon nuclear program in an absence of even rudiments of a viable scientific and industrial infrastructure. The solution to these problems was the establishment of research, development and training centers. The first major step in this direction was the establishment of Pakistan institute of Nuclear Science and Technology (PINSTECH), at Nilore, near Islamabad. Designed by world-renowned architect “Edward Durrell Stone”. Construction of the institute proceeded in two stages. In the first stage, reactor building and ancillary facilities were completed with the reactor becoming critical on 21st December 1965. The second stage, consisting of various laboratories, workshop, library and auditorium, became operational in 1974.

Management Details

Name

Designation

Mr. Razi-ur-Rehman

Mr. Shaukat Pervez

Dr. Abdul Ghaffar

Dr. Shujaat Ahmad

Dr. Riffat M. Qureshi

Dr. Munir Ahmed

Mr. Iqbal H. Khan

Mr. Muhammad Farooq

Dr. Manzoor Ahmed Chaudhry

Dr. Muhammad Nadeem

SPE, PINSTECH

Head NED, PINSTECH

DG PINSTECH

Head NCD, PINSTECH

PSO, RIAD, PINSTECH

Head, Applied Chemistry Division

Principal Engineer, Radiation and Isotope Application Division (RIAD)

Chief Scientific Officer, Radiation and Isotope Application Division (RIAD)

Principal Engineer, Radiation and Isotope Application Division (RIAD)

Senior Scientific Officer

Organization Structure

Pinstech Consists of the following 11 divisions :

(1) Computer Division.

(2) Electronics Division.

(3) General Services Division.

(4) Health Physics Division.

(5) Nuclear Chemistry Division.

(6) Nuclear Engineering Division.

(7) Nuclear Materials Division.

(8) Nuclear Physics Division.

(9) Radiation Isotape Application Division.

(10) Radiation Physics Division.

(11) Scientific Information Division.

Facilities Provided in this institute

Irradiation Laboratories, Analytical Laboratories, Production of Radioisotopes & Radio-pharmaceuticals, Radiation & Radioisotope Applications, Materials Development & Characterization, Corrosion Testing, Vibration Analysis, Charged Particle Accelerator, Processing of Polymers, Vacuum Technology Laboratory, Nuclear Geological Services, Scientific Glass Blowing, Scientific & Industrial Instruments, Lasers, Health Physics, Radiation Safety & Radioactive Waste Management, Computer Oriented Services, Repair & Maintenance of Electronic Equipment, Scientific Information, Technical Services & Collaboration

Strength

At present the institute has over 2000 employees with over 400 professionals.

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