MIRA INFORM REPORT

 

 

Report Date :           

23.12.2011

 

IDENTIFICATION DETAILS

 

Name :

PROCTER & GAMBLE PAKISTAN (PVT) LIMITED

 

 

Registered Office :

6th Floor, Bahria Complex 1, M.T. Khan Road, Karachi

 

 

Country :

Pakistan

 

 

Year of Establishment :

1991

 

 

Com. Reg. No.:

0023405

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture and produce all kinds of health care and toiletry products

 

 

No. of Employees :

316 persons

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

PROCTER & GAMBLE PAKISTAN (PVT) LIMITED

 

 

Full Address       

 

Registered Address

6th Floor, Bahria Complex 1, M.T. Khan Road, Karachi, Pakistan

                       

Tel #

92 (21) 111-000-764

Fax #

92 (21) 35610801

Website

www.pg.com

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufacture and produce all kinds of health care and toiletry products

b.

Year Established

1991

c.

Registration #

0023405

 

 

Factory Location

 

Address

B-233/234, H.I.T.E., Hub, Baluchistan, Pakistan

Tel #

92 (853) 303674, 303675

Fax #

92 (853) 302419

 

 

Auditors

 

M. Yousuf Adil Saleem & Co.

(Chartered Accountants)

Cavish Court, A-35, Block 7 & 8, K.C.H.S.U., Shahrah-e-Faisal, Karachi, Pakistan

 

Legal Status       

           

Subject Company was established as a Private Limited Company in 1991

 

 

Authorized Capital

Rs. 700,000,000/- divided into 7,000,000 shares of Rs. 100/- each

Issued & Paid up Capital

Rs. 685,200,000/- divided into 6,852,000 shares of Rs. 100/- each

 

 

Details of Directors

 

Names

Nationality

Address

Occupation

Designation

Mr. Syed Qaiser Shareef

 

 

Mr. Philip Wellens

 

 

 

 

Mr. Christopher Brian Walther

 

 

 

Mr. Laurent Philippe

Pakistani

 

 

 

Belgium

 

 

 

 

American

 

 

 

 

French

24/1, Khayaban-e-Ghazi, D.H.A., Phase V, Karachi

 

6th Floor, Bahria Complex 1, M.T. Khan Road, Karachi

 

6th Floor, Bahria Complex 1, M.T. Khan Road, Karachi

 

6th Floor, Bahria Complex 1, M.T. Khan Road, Karachi

Business

 

 

 

Business

 

 

 

 

Business

 

 

 

 

Business

Chief Executive

 

 

 

Director

 

 

 

Director

 

 

 

 

Director

 

 

Shareholders

 

Name

No of Shares

Procter & Gamble International Operations SA, Switzerland

 

Detergent Products, A.G.

 

01

 

6,851,999

 

 

Business Activities

 

Manufacture and produce all kinds of health care and toiletry products.

Number of Employees

 

316

 

 

Capacity And Production

 

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

 

 

Annual Sales Revenue

 

Year

In Pak Rupees

2010

770,000,000/- (Estimated)

 

 

Distributors Network

 

Mainly exist at all major cities of Pakistan

 

 

Bankers

 

(1)  MCB Bank Limited, Pakistan.

(2)  Bank Alfalah Limited, Pakistan.

(3) Habib Bank Limited, Pakistan.

(4) Bank Alhabib Limited, Pakistan.

(5) The Royal Bank of Scotland, Pakistan.

(6) Habib Metropolitan Bank Limited, Pakistan.

(7) HSBC Middle East Limited, Pakistan.

 

 

Memberships

 

·         Karachi Chamber of Commerce & Industry.(KCCI)

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

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

            Rs. 89.00

UK Pound

1

            Rs. 139.00

Euro

1

            Rs. 118.30

 

 

Comments

 

Subject Company enjoys good credibility in Pakistan. All the directors of the Company are reported as qualified, experienced and resourceful businessmen. Payments are usually correct and as per commitments. 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.52.78

UK Pound

1

Rs.82.73

Euro

1

Rs.68.88

 

 

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%)

 

 

 

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.