MIRA INFORM REPORT

 

 

Report Date :

22.01.2011

 

IDENTIFICATION DETAILS

 

Name :

OHM PHARMACEUTICALS LABS. PVT. LTD.

 

 

Registered Office :

Shanti Nagar Gate,Kathmandu – 34

 

 

Country :

Nepal

 

 

Financials (as on) :

15.07.2009

 

 

Date of Incorporation :

24.07.2001

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Producer of medicines

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Nepal

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

OHM Pharmaceuticals Labs. Pvt. Ltd.

 

 

Registered Office

 

Shanti Nagar Gate,Kathmandu – 34, Nepal

 

 

Factory

 

Tathali – 9,Bhaktapur, Nepal

Email:: info@opl.com.np

Phone: 977 01 4621944  

Fax: 977 01 4621944

 

 

Company summary

 

History :           It is a private limited company incorporated at Kathmandu under His Majesty  Govt. Act No.9174

of 24.07.2001.

 

Directors :         1.         Sumit C Shrestha.

2.         Babu Ram Humagain.

3.         B. Shrestha.

 

 

Bankers :          1.         Nepal Bank Ltd., Kathmandu (Nepal)

2.                   Nepal Grindlays Bank, Kathmandu (Nepal)

3.                   Nepal Banijya Bank, Kathmandu (Nepal)

 

Shareholders :               Director and Their relative hold all shares.

 

Auditors:           M/B K Agarwal & Co., Putli Sadak., Kathmandu (Nepal)

 

Business :        

 

Ohm Pharmaceuticals Laboratories Pvt. Ltd (OPL) is one of the much-talked company, in the pharmaceuticals fraternity of Nepal as because of heavy investment done in the project with the capabilities of producing the medicines for every dosage form (i.e. Tablets, Capsules, Liquids & Ointments) Moreover, OPL owns the collection of professional expertise as the people to work for it with the better attitude to offer the excellence to all of its valued customers through the integrity & teamwork. In a nutshell, OPL has passion to excellence in every regard to serve the Nepalese Pharmaceutical Industry & Health Sector as its best.

 

(Ofloxacin 200/400 mg) Tablets
Potent against gram positive & anaerobes.
Covers both common & atypical organisms with low incidence of primary resistance.
Penetration into key fluids & tissues.
Powerful yet well tolerated.

 

·         Cetirizine HCL 10mg Tablets

·         Effective both in early & late phase of respiratory allergy.

·         Effective against skin allergy.

·         Safe in long term therapy.

·         Effective prophylaxis.

 

“prophylactic treatement with cetirzine 10mg twice daily, the recipients remained free of asthmatic symptoms.

 

The plant is situated at Tathali VDC-9, Bhaktapur which is 16km from Kathmandu. The total bounded area is about 100000 square feet on which a double storey building of about 32000 square feet had been constructed.
The plant has been designed to fulfill the latest requirement for Good Manufacturing Practices (GMP) i.e. USFDA, UK-MHRA, TGA & WHO guidelines.

 

The production building is fully air conditioned and supplies with clean air as per international standard through air handling system. Separate supply& return system has been installed for different manufacturing function.

 

Ultra modern reverse osmosis and demineralization water treatment plant has been installed which yield pharmaceutical grade water. All the water distribution system is looped to rule out any microbial growth

The major machines in the production section are of latest design and automated.

The quality control laboratory has been designed in such a way that it meets the modern requirements of laboratory safety. There are separate areas for weighing, hot zone, washing, instruments etc. The laboratory is equipped with all the requirements of equipments including HPLC and other modern equipments.

 

Trade trams       :           Germany, UK, Swizerland.

 

Financial:                                             

BALANCE SHEET AS AT 15th JULY, 2009

 

LIABILITIES

NP. RUPEES

ASSETS

NP. RUPEES

Authorised Capital

60,000,000

Fixed Assets

63,913,740

Paid up Capital

49,787,500

Cap. Work in Progress

1,080,852

Reserve & Surplus

11,331,261

Current Assets

49,674,391

Secured Loans

50,337,942

Deferred Tax Net

99,000

Unsecured Loans

3,348,332

Miscns. Expenses

37,052

Total Nep. Rs.

114,805,035

Total Nep. Rs.

114,805,035

 

Sales                            :           Nep Rs.77,014,028/-

Profit of this year            :           Nep Rs.  7,075,182/-

Deferred Tax Adjust        :           Nep Rs.   1,270,344/-

Net Profit                       :           Nep Rs.      331,261/-

 

Remarks :         Payments are reported to be correct and regular as per commitments.  Trade relations are fair. Consider good for normal business engagement.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.70

UK Pound

1

Rs.72.78

Euro

1

Rs.61.65

 

 

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%)

 

 

 

 

 

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