MIRA INFORM REPORT

Report Date :

09.08.2011

IDENTIFICATION DETAILS

Name :	ALBRO PHARMACEUTICALS (PVT) LIMITED

Registered Office :	304-S, Industrial Estate, Kot Lakhpat, Lahore-54000

Country :	Pakistan

Year of Establishment :	2003

Com. Reg. No.:	0045264

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Pharmaceutical Products

RATING & COMMENTS

MIRA’s Rating :

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Pakistan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Business Name

ALBRO PHARMACEUTICALS (PVT) LIMITED

Full Address

Registered Address

304-S, Industrial Estate, Kot Lakhpat, Lahore-54000, Pakistan

Tel #	92 (42) 35121121, 35117131
Fax #	92 (42) 35120298

Short Description Of Business

a.	Nature of Business	Manufacture & Marketing of Pharmaceutical Products
b.	Year Established	2003
c.	Registration #	0045264

Branches

In Karachi at present

Auditors

Ishtiaq Rana & Co.

(Chartered Accountants)

309, 3^rd Floor, Eden Tower, 82-B-II, Main Boulevard, Gulberg II, Lahore, Pakistan

Legal Status

Subject Company was incorporated as a Private Limited Company in 2003

Authorized Capital	Rs. 5,000,000/- divided into 50,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 1,000,000/- divided into 10,000 shares of Rs. 100/- each

Details of Directors

Names

Designation

Mr. Abdul Aleem Eirabi

Mr. Waseem Ahmed Eirabi

Mr. Amir Aleem

Mr. Nadeem Ahmed

Mr. Naveed Ahmed

Chief Executive

Director

Shareholders

Names of Shareholders

No. of Shares

Mr. Abdul Aleem Eirabi

Mr. Waseem Ahmed Eirabi

Mr. Amir Aleem

Mr. Nadeem Ahmed

Mr. Naveed Ahmed

2,000

Associated Companies

None

Products

Engaged in manufacture and marketing of Pharmaceutical Products by its brand names of ACCRED, ALBACIT, ALBADROX, ALBAXIME, ALBAXONE, ALBOPLEX, ALBROCEF, ALBROTRAN, ALFUR, BECOPAN, CEFBRO, DICBRO, FENRAM, FOLIC ACID, GASTRIPAN, GIMED, KALCEE-D, MEGAFEN, MONODOX, ORTHOXEN, PARACETAMOL, PIMALBA, QUIXET, RAYOVIT, REX, RIBAMAX, SAFE-T, SMYLE, SYDIP, SYLAC, SYREX, SYRO, SYZOL, TEZDA, TORANT, VANAZOLE, VITAGRO

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2009	100,000,000/- (Estimated)

Exporting Countries

Mainly to Gulf & African Countries

Annual Production Volume

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

Distributors Network

Mainly exist at major cities of Pakistan

Bankers

(1) United Bank Limited, Pakistan.

(2) The Bank of Punjab, Pakistan.

(3) Habib Bank Limited, Pakistan.

(4) MCB Bank Limited, Pakistan.

(5) Standard Chartered Bank, Pakistan.

Memberships

· Pakistan Pharmaceutical Manufacturers Association.(PPMA)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 86.15
UK Pound	1	Rs. 141.10
Euro	1	Rs. 123.00

Comments

Subject Company was established in 2003 and is engaged in manufacture & marketing of Pharmaceutical Products. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms and conditions.

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.96
UK Pound	1	Rs.73.94
Euro	1	Rs.64.56

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
----	NB	New Business	----

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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