MIRA INFORM REPORT

Report Date :

14.07.2011

IDENTIFICATION DETAILS

Name :	ZANCTOK PHARMACEUTICAL LABORATORIES

Registered Office :	F/5, S.I.T.E., Hyderabad

Country :	Pakistan

Year of Establishment :	1995

Legal Form :	Partnership

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 :

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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

Confidential

Company name

ZANCTOK PHARMACEUTICAL LABORATORIES

Full Address

Registered Address & Factory

F/5, S.I.T.E., Hyderabad, Pakistan

Tel # 92 (22) 3880525, 3880567

Fax # 92 (22) 3880567

Short Description Of Business

Nature of Business	Manufacture & Marketing of Pharmaceutical Products
Year Established	1995
National Tax #	2197216

Branches

In Karachi at present

Legal Status

Subject Company was established as a Partnership business in 1995

Details of Managing Partner / Partners

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Saleem

Mr. Wazir Ali Lasi

Mr. Noor Ali Sewani

Mr. Qaim Ali

Pakistani

Pakistan

F/5, S.I.T.E., Hyderabad, Pakistan

Business

Managing Partner

Partner

Associates

A. Subsidiary

None

B. Associated Companies

- Do -

Products

(1) Subject Company is engaged in manufacture & marketing of Pharmaceutical Products.

(2) It purchases raw material against D/A, D/P basis.

(3) Its mainly import from India, China, Korea & Taiwan.

(4) Its’ major customers are Distribution Companies, Traders, Pharmacies & Hospitals etc.

(5) Subject operates from caption leased factory premises of area measuring 2,000 Sq.Yard which is situated in industrial area.

(6) Subject employs about 67 persons in its set up.

Annual Sales Volume

Year	In Pak Rupees
2009	50,000,000/- (Estimated)

Capacity & Production

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

Trade Suppliers (Foreign)

(1) JUNGBUNZLAUER AUSTRIA, GERMANY.

(2) ASHU INTERNATIONAL, INDIA.

(3) HERCULES CHEMICALS JIANGMEN CO. LTD, CHINA.

Bankers

(1) Habib Bank Limited, Pakistan.

(2) Habib Metropolitan Bank Limited, Pakistan.

(3) Faysal Bank Limited, Pakistan.

(4) MCB Bank Limited, Pakistan.

(5) Allied Bank Limited, Pakistan.

Memberships

· Hyderabad Chamber of Commerce & Industry.(HCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.95
UK Pound	1	Rs. 137.70
Euro	1	Rs. 120.50

Comments

Subject Company was established in 1995 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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.71.07
Euro	1	Rs.62.40

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
--	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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