MIRA INFORM REPORT

 

 

Report Date :

17.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

DELUX CHEMICAL INDUSTRIES

 

 

Registered Office :

Plot # LT 26-A/1, Landhi Industrial Area, Karachi

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1976

 

 

Legal Form :

Partnership Business

 

 

Line of Business :

Manufacture and Marketing of Pharmaceutical and Veterinary 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

 

DELUX CHEMICAL INDUSTRIES

 

 

Full Address       

 

Registered Address & Factory

Plot # LT 26-A/1, Landhi Industrial Area, Karachi, Pakistan

           

Tel

92 (21) 5014063, 5015804, 5012362, 5015820

Fax

92 (21) 5015820

Email

reo@khi.compol.com

           

 

Short Description Of Business

 

Nature of Business        

Manufacture & marketing of Pharmaceutical and Veterinary Products

Year Established

1976

 

 

Branches

           

In Lahore & Rawalpindi at present

 

 

Legal Status

 

Subject Company was established as a Partnership business in 1976

 

 

Details of Management

 

Names

Nationality

Address

Occupation

Designation

Dr. Nazeef Chaudhary

 

 

Mr. Faisal Nazif

 

 

 

Mr. Muhammad Shamim

 

Pakistani

 

 

 

Pakistani

 

 

 

Pakistani

 

 

Plot # LT 26-A/1, Landhi Industrial Area, Karachi

 

Plot # LT 26-A/1, Landhi Industrial Area, Karachi

 

Plot # LT 26-A/1, Landhi Industrial Area, Karachi

Business

 

 

 

Business

 

 

 

Business

 

Managing Partner

 

 

Partner

 

 

 

Partner

 

 

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None                                             

           

B.         Associated Companies

 

- Do -   

 

 

Products

 

(1) Subject Company is engaged in manufacture & marketing of Pharmaceutical and Veterinary Products.

 

(2)   It purchases raw material against D/A, L/C basis.

 

(3) Its’ major customers are Distributors, Traders, Pharmacies & Hospitals located in Karachi.

 

(4) Subject operates from caption leased factory premises of area measuring   5,000 Sq.Yard. which is situated in industrial area.

 

(5)  Subject employs about 200 persons in its set up.

 

 

Products

           

Manufacture & marketing of Pharmaceutical and Veterinary Products by its brand name of ACID-CITRO, AMYDRINE, BISMAX, CLOP, DECTRON, DEECHLORIDE, DEEFOL, DEEMAC, DEEMAC FORTE, DEEMINE, DEENOPAN, DEEOXIN, DEEPOL, DEERIN, DELOQUIN, DELSER, DEMAX, EIDEM, EXYLLIN, FAMOGEM, FLURGEM, KIDICOLD, LACTULAC, LORATINE, MEGA-V, MICOGEN-B, MIRAMAX, PANIL-4, PANIL-6, PANIL-S, PROZOQUIN, ROSACED, ROSACED FORTE, SUCRALGEM, VEGIZOLE, VEGIZOLE-V

 

 

Trade Suppliers (Foreign)

 

(1) SUPRIYA CHEMICALS, INDIA.

(2) HUAZHONG PHARMACEUTICAL CO. LTD, CHINA.

(3) ASHU INTERNATIONAL, INDIA.

 

 

Annual Sales Volume

 

Year
In Pak Rupees

2006

150,000,000/- (Estimated)

 

 

 

 

 

Capacity & Production

           

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

 

 

Authorized Distributors

 

Mainly in Karachi, Lahore & Rawalpindi

 

 

Bankers

 

Habib Metropolitan Bank Limited, Pakistan.

Faysal Bank Limited, Pakistan.

MCB Bank Limited, Pakistan.

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

            Rs. 62.90

UK Pound

1

            Rs.126.75

Euro

1

            Rs. 98.35

 

 

 

Comments

 

Subject Company was established in 1976 and is engaged in manufacture & marketing of Pharmaceutical and Veterinary Products. Market reputation is good. 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.

 

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%)

 

 

 

 

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