MIRA INFORM REPORT

 

 

Report Date :

25.11.2008

 

IDENTIFICATION DETAILS

 

Name :

ASIA POULTRY FEEDS (PRIVATE) LIMITED  

 

 

Registered Office :

359-Shamsabad, Humayun Road, Multan, Punjab

 

 

Country :

Pakistan

 

 

Year of Establishment :

1993

 

 

Com. Reg. No.:

0031282

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture and Marketing of Veterinary and Poultry Feeds

 

 

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 :

Regular

 

 

Litigation :

Clear

 

                                   

Business Name

 

ASIA POULTRY FEEDS (PRIVATE) LIMITED  

 

 

Full Address       

Registered Address

359-Shamsabad, Humayun Road, Multan, Punjab, Pakistan

 

 

 

                       

Tel

92 (61) 4581814, 4581815

Fax

92 (61) 4581815

Email

---

 

 

Short Description Of Business

 

Nature of Business

Manufacture & Marketing of Veterinary & Poultry Feeds

Year Established

1993

Registration #

0031282

 

 

Factory Location

           

61-D, Industrial Estate,

Multan, Pakistan           

 

 

Auditors

 

Tariq Ayub Anwar & Co.

(Chartered Accountants)

1st Floor, 84-B-I, Ghalib Road, Gulberg III, Lahore, Pakistan

 

Legal Status       

 

Subject Company was established as a Private Limited Company in 1993

 

 

Authorized Capital

Rs. 80,000,000/- divided into 800,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 48,200,000/- divided into 482,000  shares of Rs. 100/- each

 

 

Details of Directors

 

Names

Nationality

Address

Designation

Mr. Ghulam Nabi Chaudhry

 

 

Mr. Ahmad Hassan Chaudhry

Pakistani

 

 

 

Pakistani

 

 

359-Shamsabad, Humayun Road, Multan

 

359-Shamsabad, Humayun Road, Multan

Chief Executive

 

 

 

Director

 

 

 

Shareholders                

 

Names

Mr. Ghulam Nabi Chaudhry

 

Mr. Ahmad Hassan Chaudhry

 

Mr. Shikar Khan

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

None

           

 

B.         Associated Companies

 

Amira Textiles (Pvt) Limited, Pakistan.

 

 

Product/Services

 

Manufacture & Marketing of Veterinary & Poultry Feeds

 

 

Number of Employees

 

150 - 160

 

 

Annual Sales Volume (In Pak Rupees)

 

Rs. 170,000,000/- (Estimated)

 

Trade Suppliers (Foreign)

 

  1. GULF IMPORT & EXPORT CO, U.A.E.
  2. KIRNS CHEMICAL LIMITED, CHINA.
  3. BIO-CHEM TECHNOLOGY, CHINA.
  4. ZHEJIANG FURWARD VETERINARY PHARMACEUTICALS, CHINA

 

 

Authorized Distributors

Mainly in all major cities of Pakistan

 

Bankers

 

  1. MCB Bank Limited, Pakistan.
  2. Bank Al-Habib Limited, Pakistan.
  3. United Bank Limited, Pakistan.

 

 

Financial Position

 

Sound

 

 

Memberships

 

·         Multan Chamber of Commerce & Industry.(MCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

            Rs. 78.00

UK Pound

1

            Rs. 117.00

Euro

1

            Rs. 99.40

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.75.45

Euro

1

Rs.64.21

 

 

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