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MIRA INFORM REPORT
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Report Date : |
20.11.2008 |
IDENTIFICATION DETAILS
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Name : |
LEADS PHARMA (PRIVATE) LIMITED |
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Formerly Known As : |
VETY-CARE
PHARMACEUTICALS (PVT.) LIMITED |
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Registered Office : |
Plot # 81-A,
Street # 6, I-10/3 |
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Country : |
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Year of Establishment : |
1995 |
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Com. Reg. No.: |
00001737 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture & Marketing of Veterinary Medicines |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Business Name
LEADS PHARMA (PRIVATE) LIMITED (FORMERLY
VETY-CARE PHARMACEUTICALS (PVT.) LIMITED
Full Address
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Registered Address |
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Plot # 81-A,
Street # 6, I-10/3 |
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Tel |
92 (51) 4441081, 4441082, 4441083, 111-103-103 |
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Fax |
92 (51) 4441080 |
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Email |
Short Description Of Business
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a. |
Nature of Business |
Manufacture & Marketing of Veterinary
Medicines |
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b. |
Year Established |
1995 |
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c. |
Registration # |
00001737 |
Branches
Address
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Flat # 14-B, 1st
Floor, Agro Base Flat, Shadman Market |
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Tel # |
92 (42) 7551398,
7569004 |
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Fax # |
92 (42) 7590319 |
Address
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Room # 301, Anum
Blessing Near Duty Free Shop, Block # 7 & 8, K.CH.S. |
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Tel # |
92 (21) 4544618,
4544619 |
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Fax # |
92 (21) 4544619 |
Auditors
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Amir Alam Khan & Co. (Chartered Accountants) 55/1, |
Legal Advisor
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Sofia Hummayun, |
Legal Status
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Subject Company
was established as a Private Limited Company in 1995 |
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Authorized Capital |
Rs. 50,000,000 divided into 500,000 shares of Rs. 100/- each |
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Issued & Paid
up Capital |
Rs. 20,000,000 divided into 200,000 shares of Rs. 100/- each |
Details of Directors
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Names |
Nationality |
Address |
Designation |
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Dr. Mohammad Amjad Mrs. Tammina Amjad Dr. Mohammad Aslam
Azam Mr. Syed Abid
Nisar |
Pakistani Pakistani Pakistani Pakistani |
H H H # 70, St. # 32, F-6/1, Plot # 81-A, Street # 6, I-10/3 |
Chief Executive Director Director Director |
Shareholders
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Names |
Address |
Shareholding
(%) |
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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, H H H H H H # 9-B, St # 42, F-7/1, H # 9-B, St # 42, F-7/1, H # 9-B, St # 42, F-7/1, H # 673, B-11, Mohallah Faizabad, Ward 16,
the District. Lieya |
9.8 4.8 45.8 10 5 5 5.93 2 1.9 9.77 |
Associates
A. Subsidiary
None
B. 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
138
Annual Sales Volume (In Pak
Rupees)
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Rs. 160,000,000/- (Estimated) |
Agencies (Foreign)
·
·
Intervet
International,
·
Arbor
Acres,
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·
·
Distributors (Nationwide)
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(1) Excel Care, (2) Bilal Traders, (3) Animal & Poultry Helth Services, (4) Khan Traders, (5) Saddiqui Poultry Services, (6) Mr. Usman Ghani, Dera Ismail (7) Khushall Interprises, |
Bankers
·
ABN AMRO Bank Limited,
·
Muslim Commercial Bank Limited,
·
Faysal Bank Limited,
· Habib Bank Limited, Pakistan.(Mortgage obtained PKR 18,134,830/-)
Financial Position
Satisfactory
Foreign Exchange Rates
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Currency |
Unit |
Pakistani
Rupee |
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US Dollar |
1 |
Rs. 78.05 |
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1 |
Rs. 115.82 |
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Euro |
1 |
Rs. 97.75 |
Comments
The conduct of the company is correct and the mode of
payment prompt no complaints have been heard regarding payments to local
suppliers. Company can be considered for normal business dealings at usual
trade terms and conditions.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.52 |
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|
1 |
Rs.75.54 |
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Euro |
1 |
Rs.63.12 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)