MIRA INFORM REPORT

 

 

 

Report Date :

24.07.2008

 

IDENTIFICATION DETAILS

 

Name :

P.D.H. LABORATORIES (PVT) LIMITED

 

 

Registered Office :

19 - K.M., Ferozepur Road, Lahore

 

 

Country :

Pakistan

 

 

Year of Establishment  :

1970

 

 

Com. Reg. No.:

0003171

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Pharmaceutical Products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints 

 

 

Litigation :

Clear

 

 

Business Name

 

P.D.H. LABORATORIES (PVT) LIMITED

 

 

Full Address       

 

Registered Address & Factory

19 - K.M., Ferozepur Road, Lahore, Pakistan

Tel        92 (42) 5824496, 5824497

Fax       92 (42) 5823425 5821026

Websites : pdhexp_2008@yahoo.com, saeedshb@hotmail.com

 

 

Short Description Of Business

a.

Nature of Business           

Manufacture & Marketing of Pharmaceutical Products

b.

Year Established

1970

c.

Registration #

0003171

 

 

 

 

 

 

 

Branches

 

In Lahore & Karachi at present

 

 

Auditors

 

A. Aziz Chaudhury & Co.

(Chartered Accountants)

38, Shahrah-e-Quaid-e-Azam, Lahore, Pakistan

 

 

Legal Status

 

Subject Company was established as a Private Limited Company in 1970

 

 

Authorized Capital

Rs. 10,000,000/- divided into 1,000,000 shares of Rs. 10/- each

Issued & Paid up Capital

Rs. 8,540,910/- divided into 854,091 shares of Rs. 10/- each

 

 

Details of Chief Executive/ Directors

 

Names

Nationality

Address

Occupation

Designation

Mr .Sheikh Muhammad Ilyas

 

Mr .Sheikh Muhammad Altaf

 

Mr. Jamil Altaf

 

 

Mr. Mohsin Ilyas

 

 

Mr. Ghulam Mustafa Ilyas

Pakistani

 

 

Pakistani

 

 

Pakistani

 

 

Pakistani

 

 

Pakistani

31-B-3, Gulberg III, Lahore

 

31-B-3, Gulberg III, Lahore

 

31-B-3, Gulberg III, Lahore

 

31-B-3, Gulberg III, Lahore

 

31-B-3, Gulberg III, Lahore

Business

 

 

Business

 

 

Business

 

 

Business

 

 

Business

Chief Executive

 

 

Director

 

 

Director

 

 

Director

 

 

Director

 

 

Shareholders                

 

Names

Mr .Sheikh Muhammad Ilyas

 

Mr .Sheikh Muhammad Altaf

 

Mr. Jamil Altaf

 

Mr. Mohsin Ilyas

 

Mr. Ghulam Mustafa Ilyas

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

                        None                                              

           

B.         Associated Companies

 

P.D.H. Pharmaceuticals (Pvt) Limited, Pakistan.

 

 

Products / Services

 

Manufacture & Marketing of Pharmaceutical Products by its brand names of ADECAINE, ADRENALINE, ALKACITRON, ALLERPHENE, AMIKOSIDE, AMMODRYL, AMPLIPEN, ANAMOL, APOCLOX, BELEXVIT FORTE, BENZYL, PENCILLIN, BETACORT, BETACORT-N, BUTAMIN, CALCIUM-P, CEFLOREX, CEFUZIN, CEPHRONATE, CEZINE, CHLORMIC, CHLOROQUINE INJ, CLOSTECIN, COLITRAN, CORINOR, DYNACEF, EPHAZOL-C, EPHEDRINE INJ, EYEFLOX, FAMRON, FERRODIN, FLOXOL, GESNOR, GIOZAR, HYPNOTIL, IBUMID, ISONIAZID TABS, KAOMAGMA, KUIN, KUINOPT, LIPONORM, LYSOMEL, MALIDAR, MEFADIL, MELCO-6, MYCLAR, NALBINOR, NEO-PHENICOL, NEOBREX, OMECER, OXYTETRACYCLINE, PANBUTOL, PANOCID, PARACETAMOL TABS, PARACODEINE, PENBRO, PETHIDINE, POLYBIOTIC, POLYVIT, POLYVIT-M, POTASSIUM CHLORIDE, QUEST, RIMODIN, SOMNITE, STREPTOMYCIN INJ, ULTICOMB, UROLAX, VISTAGAN, ZEVIROL, ZINCOCID

 

 

Number of Employees

           

225

 

 

Trade Suppliers (Foreign)

 

MURLI KRISHNA (PVT) LIMITED, INDIA.

 

ZHUHAI UNITED LABORATORIES CO., LTD, CHINA.

 

GUJARAT GLASS (PVT) LIMITED, INDIA.

 

 

Annual Production Volume

 

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

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2006

200,000,000/- (Estimated)

 

 

Authorized Distributors

 

Mainly in all major cities of Pakistan

 

 

 

Bankers

 

Allied Bank Limited, 199-Upper Mall Branch, Lahore, Pakistan.

Meezan Bank Limited, Shadman Branch, Lahore, Pakistan.

Bank Alfalah Limited, Main Boulevard, Gulberg, Lahore, Pakistan.

Habib Bank Limited, Main Market, Gulberg, Lahore, Pakistan.

Habib Metropolitan Bank Limited, Davis Road, Lahore, Pakistan.

 

 

Memberships

 

 

 

 Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 71.60  

UK Pound

1

            Rs. 142.80

Euro

1

            Rs. 113.40

 

 

Comments

 

Subject Company was established in 1970 and is engaged in manufacture & marketing of Pharmaceutical Products.Overall reputation is satisfactory. Trade relations are reported as fair. The Company can be considered for normal business dealings at usual trade terms & conditions.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 41.96

UK Pound

1

Rs.83.78

Euro

1

Rs.65.82

 

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.

 

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