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MIRA INFORM REPORT

 

 

Report Date :            

09.04.2011

 

IDENTIFICATION DETAILS

 

Name :

HI-TECH FEEDS (PVT.) LIMITED  

 

 

Registered Office :

1-C, Shadman Chowk, Jail Road, Lahore

 

 

Country :

Pakistan

 

 

Financials (as on) :

30.06.2008

 

 

Year of Establishment :

1988

 

 

Com. Reg. No.:

0017599

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Veterinary & 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 :

No Complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Pakistan

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Business Name

 

HI-TECH FEEDS (PVT.) LIMITED  

 

 

Full Address       

 

Registered Address

1-C, Shadman Chowk, Jail Road, Lahore, Pakistan

                       

Tel #

92 (42) 37564503, 37577471, 111-111-110

Fax #

92 (42) 37574019

Email

shazor@brain.net.pk,

hitechfeeds@brain.net.pk

 

 

Short Description Of Business

 

a.

Nature of Business       

Manufacture & Marketing of Veterinary & Poultry Feeds

b.

Year Established

1988

c.

Registration #

0017599

 

 

Branches

           

Address

607, Anum Estate, Plot #49, D.M.C.H.S., Shahrah-e-Faisal, Karachi, Pakistan

Tel #

92 (21) 34313841

Fax #

92 (21) 34313841

 

 

Factory Location

 

In Raiwind Road, Lahore, Pakistan

 

 

Auditors

 

Zahid Hameed & Co.

(Chartered Accountants)

Suit # 5, 2nd Floor, Ahad Heights, Mini Market, Gulberg, Lahore, Pakistan

 

Legal Status       

 

Subject Company was established as a Private Limited Company in 1988

 

 

Authorized Capital    

Rs. 200,000,000/- divided into 2,000,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 156,270,300/- divided into 1,562,703  shares of Rs. 100/- each

 

 

Details of Directors

 

Names

Nationality

Address

Designation

Mr. Muhammad Arshad

 

 

Mr. Anwar Mahmood Randhawa

 

Mr. Hafiz Abdul Qayyum

 

Mr. Muhammad Asim Khan

Pakistani

 

 

Pakistani

 

 

Pakistani

 

 

Pakistani

1-C, Shadman Chowk, Jail Road, Lahore

 

1-C, Shadman Chowk, Jail Road, Lahore

 

1-C, Shadman Chowk, Jail Road, Lahore

 

1-C, Shadman Chowk, Jail Road, Lahore

Chief Executive

 

 

Director

 

 

Director

 

 

Director

 

 

 

Shareholders                

 

Names

No. of Shares

Mr. Muhammad Arshad

 

Mr. Anwar Mahmood Randhawa

 

Mr. Hafiz Abdul Qayyum

 

Mr. Muhammad Asim Khan

 

Hi-Tech Feeds

40,164

 

40,163

 

40,164

 

40,164

 

1,402,048

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

            None

           

 

B.         Associated Companies

 

(1)   Raiwind Feed Industries (Pvt) Ltd, Pakistan.

(2)   Hi-Tech Breeders, Pakistan.

(3)   Hi-Tech Farms, Pakistan.

(4)   Hi-Tech Edible Oil Mills Pakistan.

(5)   Hi-Tech Pharmaceuticals, Pakistan.

 

 

Product/Services

 

Manufacture & Marketing of Veterinary & Poultry Feeds

 

 

Number of Employees

 

150 - 170

 

 

Annual Sales Volume

 

Years

In Pak Rupees

2007

2008

3,609,226,405/-

3,823,179,879/-

 

 

Trade Suppliers (Foreign)

 

·         FUZHOU FUCHENG, CHINA.

·         PROTECH INTERNATIONAL, KOREA.

·         SUMITOMO CHEMICAL SINGAPORE PTE LIMITED, SINGAPORE.

 

Authorized Distributors

 

Mainly exist at all major cities of Pakistan

 

 

Bankers

 

·         Askari Bank Limited, Pakistan.

·         Bank Alhabib Limited, Pakistan.

·         Habib Bank Limited, Pakistan.

·         PICIC Commercial Bank Limited, Pakistan.

·         United Bank Limited, Pakistan.

 

 

Financial Position

 

Sound

 

 

Memberships

 

·         Lahore Chamber of Commerce & Industry.(LCCI)

·         Federation Pakistan Chamber of Commerce & Industry.(FPCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

          Rs. 84.90

UK Pound

1

          Rs. 137.26 

Euro

1

          Rs. 120.74

 

 

Comments

 

The conduct of the company is correct and the mode of payment prompt no complaints have been heard regarding payments to local suppliers. Subject can be considered for normal business dealings at usual trade terms and conditions.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.04

UK Pound

1

Rs.72.20

Euro

1

Rs.63.40

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.