MIRA INFORM REPORT

Report Date :

08.03.2011

IDENTIFICATION DETAILS

Name :	ALLIANCE PHARMACEUTICALS (PVT) LIMITED

Registered Office :	112-A, Hayatabad Industrial Estate, Jamrud Road, Peshawar

Country :	Pakistan

Year of Establishment :	2002

Com. Reg. No.:	0043229

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Pharmaceutical Products

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Pakistan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Business Name

ALLIANCE PHARMACEUTICALS (PVT) LIMITED

Full Address

Registered Address & Factory

112-A, Hayatabad Industrial Estate, Jamrud Road, Peshawar, Pakistan

Tel #	92 (91) 5891309, 5891308, +923009595252
Fax #	92 (91) 5830268
Email	bmbahar@brain.net.pk

Short Description Of Business

a.	Nature of Business	Manufacture & Marketing of Pharmaceutical Products
b.	Year Established	2002
c.	Registration #	0043229

Branches

Basement Noor Hotel, Nimak Mandi,

Bazar, Karachi, Pakistan

Auditors

Munawar Associates

(Chartered Accountants)

Dabgari Chowk, Peshawar, Pakistan

Legal Status

Subject Company was incorporated as a Private Limited Company in 2002

Authorized Capital	Rs. 15,000,000/- divided into 150,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 15,000,000/- divided into 150,000 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Aziz Ahmed

Mr. Abid Salam

Mr. Mian Muhammad Arif

Mr. Jamal Salim

Pakistani

112-A, Hayatabad Industrial Estate, Jamrud Road, Peshawar

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Aziz Ahmed

Mr. Abid Salam

Mr. Mian Muhammad Arif

Mr. Jamal Salim

37,500

49,500

30,000

33,000

Associated Companies

None

Business Activities

Engaged in manufacture & marketing of Pharmaceuticals Products

Number of Employees

Annual Production Volume

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	60,000,000/- (Estimated)

Trade Suppliers

(Foreign)

· GUFIC BIOSCIENCES LIMITED, INDIA.

· ZHEJIANG CHEMICAL IMPORT & EXPORT CORPORATION, CHINA.

· SHIJIAHUANG CHEM PHARM, CHINA.

Customers

Mainly Retailers, Pharmacies, Laboratories, Government & Private Hospitals etc

Bankers

(1) MCB Bank Limited, Pakistan.

(2) Bank Al Habib Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) United Bank Limited, Pakistan.

Memberships

· Sarhad Chamber of Commerce & Industry.(SCCI)

· Pakistan Pharmaceutical Manufacturers Association.(PPMA)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.30
UK Pound	1	Rs. 137.83
Euro	1	Rs. 118.61

Comments

Subject Company was established in 2002 and is engaged in manufacture & marketing of Pharmaceuticals 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.45.13
UK Pound	1	Rs.73.36
Euro	1	Rs.60.06

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.