MIRA INFORM REPORT

Report Date :

23.03.2011

IDENTIFICATION DETAILS

Name :	GENOME PHARMACEUTICALS (PVT.) LIMITED

Registered Office :	Plot No. 47, School Road, F-6/2, Islamabad, Pakistan

Country :	Pakistan

Year of Establishment :	2008

Com. Reg. No.:	0064714

Legal Form :	Private Limited Company

Line of Business :	Import & Distribution 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 :

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

GENOME PHARMACEUTICALS (PVT.) LIMITED

Full Address

Registered Address

Plot No. 47, School Road, F-6/2, Islamabad, Pakistan

Tel #	92 (51) 2276634, 2826437
Fax #	92 (51) 2276956
Email	horizon_asia@hotmail.com

Short Description Of Business

a.	Nature of Business	Import & Distribution of Pharmaceutical Products
b.	Year Established	2008
c.	Registration #	0064714

Branches

None

Legal Status

Subject Company was established as a Private Limited Company in 2008

Authorized Capital	Rs. 100,000/- divided into 10,000 shares of Rs. 10/- each
Issued & Paid up Capital	Rs. 100,000/- divided into 10,000 shares of Rs. 10/- each

Details of Directors

Names

Address

Occupation

Designation

Mr. Zeejah Fazli

Mr. Faisal Zafar

Mr. Abu Zar Faizy Rattu

Mr. Saeed Akbar

Mr. Hazrat Ullah

Mr. Siraj-Ud-Din

Plot No. 47, School Road, F-6/2, Islamabad

Business

Chief Executive

Director

Shareholders

Names of Shareholders

No of Shares

Mr. Zeejah Fazli

Mr. Faisal Zafar

Mr. Abu Zar Faizy Rattu

Mr. Saeed Akbar

Mr. Hazrat Ullah

Mr. Siraj-Ud-Din

2,200

1,500

700

1,700

Associated Companies

(1) Celino International, Pakistan.

Products

Import & Distribution of Pharmaceutical Products

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2010	4,000,000/- (Estimated)

Trade Suppliers (Foreign)

(1) NORBROOK LABORATORIES LTD, IRELAND.

(2) NINGBO RENJIAN PHARMACEUTICAL LTD, CHINA.

(3) HEBEI YUANZHENG PHARMACEUTICAL CO. LTD, CHINA.

(4) BEIJING KAWIN BIO-TECH CO. LTD, CHINA.

Customers

Mainly Distributors, Pharmacies, Livestock Farmers etc

Bankers

· MCB Bank Limited, Pakistan.

· Bank Alfalah Limited, Pakistan.

· Habib Bank Limited, Pakistan.

Memberships

· Rawalpindi Chamber of Commerce & Industry.(RCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 85.30
UK Pound	1	Rs. 138.61
Euro	1	Rs. 120.28

Comments

Subject Company was established in 2008 and is engaged in import & distribution 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.44.97
UK Pound	1	Rs.73.35
Euro	1	Rs.63.98

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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