MIRA INFORM REPORT

 

 

Report Date :

07.03.2011

 

IDENTIFICATION DETAILS

 

Name :

PAKISTAN PHARMACEUTICAL PRODUCTS (PRIVATE) LIMITED

 

 

Registered Office :

5th Floor, Nelson Chamber, I.I. Chundrigar Road, Karachi

 

 

Country :

Pakistan

 

 

Year of Establishment :

1963

 

 

Com. Reg. No.:

0001681

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Pharmaceutical Products

 

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 :

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

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

                       

Business Name

 

PAKISTAN PHARMACEUTICAL PRODUCTS (PRIVATE) LIMITED

 

 

Full Address       

 

Registered Address

5th Floor, Nelson Chamber, I.I. Chundrigar Road, Karachi, Pakistan

                       

Tel

92 (21) 2624445, 2624062

Fax

92 (21) 2635851

Website

mhanifar@cyber.net.pk

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufacture & Marketing of Pharmaceutical Products

b.

Year Established

1963

c.

Registration #

0001681

 

 

Factory Location

 

Address

D-122, S.I.T.E., Karachi, Pakistan

Tel #

92 (21) 2582023

Fax #

92 (21) 2564650

 

 

Auditors

 

M/s Munif Ziauddin & Co.

(Chartered Accountants)

Business Executive Centre, F/17/3, Block 8, Clifton, Karachi, Pakistan

 

 

Legal Status

 

Subject Company was established as a Private Limited Company in 1963

 

 

 

Authorized Capital

Rs. 5,000,000/- divided into 5,000 shares of Rs. 1000/- each

Issued & Paid up Capital

Rs. 4,377,000/- divided into 4,377 shares of Rs. 1000/- each

 

 

Details of Chief Executive/ Directors

 

Names

Nationality

Address

Occupation

Designation

Mr. Muhammad Yahya

 

 

 

Mr. Muhammad Ilyas

 

 

 

Mr. Owais A. Allawala

Pakistani

 

 

 

 

Pakistani

 

 

 

 

Pakistani

 

 

 

5th Floor, Nelson Chambers, I.I. Chundrigar Road, Karachi

 

5th Floor, Nelson Chambers, I.I. Chundrigar Road, Karachi

 

5th Floor, Nelson Chambers, I.I. Chundrigar Road, Karachi

Business

 

 

 

 

Business

 

 

 

 

Business

 

 

 

Chief Executive

 

 

 

 

Director

 

 

 

 

Director

 

 

 

 

 

Shareholders                 

Names

No. of Shares

Mr. Muhammad Rafi

 

Mr. Muhammad Yahya

 

Mr. Muhammad Ilyas

 

Mrs. Ameena Begum

 

Miss Zia Khatoon

 

Miss Nayyar Khatoon

 

Mr. Muhammad Essa

 

Miss. Deeba Yahya

 

Mrs. Salma Ruby

 

Mr. Owais A. Allahwala

41

 

97

 

41

 

92

 

67

 

75

 

355

 

100

 

1,529

 

2,000

 

 

 

 

 

 

    

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

            None                                             

           

B.         Associated Companies

 

(1) M/S Les Cosmetiques, Pakistan.

 

 

Products / Services

 

ARCOFIX, ARCOFLOXIN, ARCOMOX, ARCOZID, ARCOZOL, BETABLOCK, CALCIUM ARCO, CEPADIN, CLORAMIDINA, CLORAMIDINA H, DOLGIT, FAMDIN, GASTRUSIL, HADENSA FORTE, HADENSA PLAIN, KATIFEN, LOPERAM, NECLOF, SEPTEM, THEORON, VITAFER

 

 

Number of Employees

           

130

 

 

Trade Suppliers

(Foreign)

 

·         VASUDHA PHARMA, INDIA.

·         MURLI KRISHNA (PVT) LIMITED, INDIA.

·         ZHUHAI UNITED LABORATORIES CO., LTD, CHINA.

 

 

Annual Production Volume

 

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

 

 

Annual Sales Volume

 

Year

In Pak Rupees

2009

100,000,000/- (Estimated)

 

 

 

Customers

 

Mainly in Karachi

 

 

Bankers

 

·         Habib Bank Limited, Pakistan.

·         Habib Metropolitan Bank Limited, Pakistan.

·         Citibank N.A., Pakistan.

·         Soneri Bank Limited, Pakistan.

 

 

Memberships

 

·         Pakistan Pharmaceutical Manufacturers Association.(PPMA)

·         Karachi Chamber of Commerce & Industry.(KCCI)

 

 

Foreign Exchange Rates

 

Currency

 

Unit

Pakistani Rupee

US Dollar

1

           Rs. 85.40

UK Pound

1

           Rs. 138.25

Euro

1

           Rs. 118.72

 

 

Comments

 

Subject Company was established in 1963 and is engaged in manufacture & marketing of Pharmaceutical Products. Overall reputation is normal. Trade relations are reported as fair. Company can be considered for normal business dealings at usual trade terms & conditions.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.73.24

Euro

1

Rs.62.80

 

 

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%)

 

 

 

 

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.