MIRA INFORM REPORT

 

 

Report Date :           

19.07.2011

 

IDENTIFICATION DETAILS

 

Name :

MCOLSON RESEARCH LABORATORIES (PVT) LIMITED

 

 

Registered Office :

24-E, Moulana Shoukat Ali Road, Johar Town, Lahore

 

 

Country :

Pakistan

 

 

Year of Establishment :

2009

 

 

Com. Reg. No.:

0068491

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Pharmaceutical Products

 

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 :

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Pakistan

b2

b2

 

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

 

MCOLSON RESEARCH LABORATORIES (PVT) LIMITED

 

 

Full Address       

 

Registered Address

24-E, Moulana Shoukat Ali Road, Johar Town, Lahore, Pakistan

                       

Tel #

92 (42) 35170405, 35222719

Fax #

92 (42) 5110906

Email

mcolson.labs@gmail.com

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufacture & Marketing of Pharmaceutical Products

b.

Year Established

2009

c.

Registration No.

0068491

 

 

Overseas Branches

 

(1) 2-14, Prince of Wales Terrace, Kensingter, London.

 

(2) 1125, West Harbor Side Pl Wayne, Indiana, U.S.A.

 

 

Auditors

 

Muhammad Safdar & Co.

(Chartered Accountants)

103-A, Phase II, G.E.H.S., Model Town, Link Road, Lahore, Pakistan

 

 

Legal Status

 

Subject Company was incorporated as a Private Limited Company in 2009

 

 

 

Authorized Capital

Rs. 10,000,000/- divided into 1,000,000 shares of Rs. 10/- each

Issued & Paid up Capital

Rs. 10,000,000/- divided into 1,000,000 shares of Rs. 10/- each

 

 

Details of Directors

           

Names

Nationality

Address

Occupation

Designation

Dr. Zafar Mustafa Jajjah

 

Mr. Faysal Mustafa Jajjah

 

Mr. Muhammad Irshad Uppal

 

 

 

Mr. Ghulam Mustafa Jajjah

 

 

Mrs. Tahira Khatoon

Pakistani

 

 

Pakistani

 

 

U.S.A.

 

 

 

 

Pakistani

 

 

 

Pakistani

207-B, Johar Town, Lahore

 

207-B, Johar Town, Lahore

 

2511, West Harborside, Dr.Fort, Waine, Indiana, U.S.A.

 

Main Delta Road, Sattelite Town, Gujranwala

 

4-K, Gulberg III, Lahore

Business

 

 

Business

 

 

Business

 

 

 

 

Business

 

 

 

Business

Chief Executive

 

 

Director

 

 

Director

 

 

 

 

Director

 

 

 

Director

 

 

Shareholders                

 

Names                                                      

No. of Shares

Dr. Zafar Mustafa Jajjah

 

Mr. Faysal Mustafa Jajjah

 

Mr. Muhammad Irshad Uppal

 

Mr. Ghulam Mustafa Jajjah

 

Mrs. Tahira Khatoon

245,000

 

100,000

 

225,000

 

330,000

 

100,000

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

          None                                            

           

 

B.         Associated Companies

 

(1) God Bless International (Private) Limited, Pakistan.

(2) Dyson Research Laboratories (Pvt) Limited, Pakistan.

 

 

Business Activities

 

Manufacture & marketing of Pharmaceutical Products including Anti Biotic, Anti Malarials, Anti-Rheumatic, Antihistamine, Narcotic Analgesic, Non Steroidal Respiratory Anti Inflamatory, Quinolones, Vitamins, Phenothiazine, Hypolipidaemics, Muscle Relaxant etc

 

 

Number of Employees

 

70

 

 

Actual Capacity & 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 Volume

 

Year

In Pak Rupees

2009

30,000,000/- (Estimated)

 

 

Trade Suppliers

(Foreign)

 

(1) CARGILL, FRANCE.

(2) AARTI INDUSTRIES LIMITED, INDIA.

(3) DEGUSSA, GERMANY.

Distributors

 

Mainly exist at major cities of Punjab Province

 

 

Bankers

 

(1) Habib Bank Limited, Pakistan.

(2) Standard Chartered Bank, Pakistan.

(3) Faysal Bank Limited, Pakistan.

(4) Askari Bank Limited, Pakistan.

 

 

Memberships

 

·         Pakistan Pharmaceutical Manufacturers Association.(PPMA)

·         Lahore Chamber of Commerce & Industry.(LCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 85.95

UK Pound

1

           Rs. 138.10

Euro

1

           Rs. 121.00

 

 

Comments

 

Subject Company was established in 2009 and is engaged in manufacture & marketing of Pharmaceutical Products. Overall 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.44.57

UK Pound

1

Rs.71.75

Euro

1

Rs.62.60

 

 

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