MIRA INFORM REPORT

Report Date :

24.08.2011

IDENTIFICATION DETAILS

Name :	UNI-TIECH PHARMACEUTICALS (PVT) LIMITED

Registered Office :	Plot No. 4/116, Sector 21, Korangi Industrial Area, Karachi

Country :	Pakistan

Year of Establishment :	1991

Com. Reg. No.:	0025343

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Pharmaceutical Products

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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

Bottom of Form

Business Name

UNI-TIECH PHARMACEUTICALS (PVT) LIMITED

Full Address

Registered Address & Factory

Plot No. 4/116, Sector 21, Korangi Industrial Area, Karachi, Pakistan

Tel #	92 (21) 35026997, 35026998
Fax #	92 (21) 35013943

Short Description Of Business

a.	Nature of Business	Manufacture & Marketing of Pharmaceutical Products
b.	Year Established	1991
c.	Registration #	0025343

Branch (es)

Address	45/H-1, Block-6, P.E.C.H.S., Karachi-75400, Pakistan
Tel No.	92 (21) 34301123, 34301124, 34301125
Fax No.	92 (21) 34301126

Auditors

Nudrat M. Khan & Co.

(Chartered Accountants)

706, Saima Trade Tower, I.I. Chundrigar Road, Karachi, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1991

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

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Abdul Shakoor

Mr. Abdul Rasool

Mr. Sohail Muhammad Siddiqui

Mrs. Saira Shakoor

Pakistani

Plot No. 4/116, Sector 21, Korangi Industrial Area, Karachi

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Abdul Shakoor

Mr. Abdul Rasool

Mr. Sohail Muhammad Siddiqui

Mrs. Saira Shakoor

12,500

Associates

A. Subsidiary

None

B. Associated Companies

(1) Iqrars Pharmaceuticals, Pakistan.

(2) Leckman Laboratories (Pvt)Ltd, Pakistan.

(3) Medimarker's International, Pakistan.

Products

Manufacture & marketing of Pharmaceutical Products

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2009	130,000,000/- (Estimated)

Trade Suppliers

(Foreign)

· AUROBINDO PHARMA, INDIA.

· INOGENT LABORATORIES (PVT) LIMITED, INDIA.

Distributors Network

Mainly exist at major cities of Pakistan

Bankers

(1) Soneri Bank Limited, Pakistan.

(2) Bank Al-Habib Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) Faysal Bank Limited, Pakistan.

(5) MCB Bank Limited, Pakistan.

Memberships

· Karachi Chamber of Commerce & Industry.(KCCI)

· Pakistan Pharmaceutical Manufacturers Association.(PPMA)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 86.55
UK Pound	1	Rs. 142.20
Euro	1	Rs. 124.10

Comments

Subject Company was established in 1991 and is engaged in manufacture & marketing of Pharmaceutical Products. Market reputation is satisfactory. Trade relations are reported as fair. Subject can be considered for normal business dealings at usual trade terms & conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.69
UK Pound	1	Rs.75.29
Euro	1	Rs.65.77

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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