MIRA
INFORM REPORT
|
Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
HAWKARY PHARMACEUTICAL CO |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
-- |
|
|
|
|
Legal Form : |
Legal Structure Not Ascertained |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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) |
|
|
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
Hawkary Pharmaceutical Co
Registration Briefing
Registration Number: N/A
Registration Date: N/A
Legal Form: LEGAL STRUCTURE
NOT ASCERTAINED
Latest Financials: N/A
Financial Briefing
Nominal
Capital: N/A
Issued
Capital: N/A
Turnover: N/A
Net
Profit: N/A
Net
Worth: N/A
Company Details
Company
Name: Hawkary
Pharmaceutical Co
Headquarter
Address:
Telephone: +9646
62229531
+9646
62519685
+9647
504010248
+9647
504459726
+2505940
2507356
E‑Mail: hawkary@hawkary.com
Web
Site: www.hawkary.net
Registration & Legal Details
Current
Legal Form: LEGAL
STRUCTURE NOT ASCERTAINED
Capital
Capital
is NOT disclosed.
Shareholders
Information
on Shareholders is not available/applicable
Company Activities
NACE
Codes: 4646 Wholesale of pharmaceutical goods
Source:"www.hawkary.net":
Hawkary Company is one of the largest leading
companies in the field of human medicine and medical supplies in
specialized in importing and distribution of
medicines in the private sector, characterized by rapid spread to cover most
areas
by
best products and establishing brands under the slogan “The Brand Building
Professionals”.
The
Due to the importance of this role, the
Company's management has highly focused on this area and undertaken the
establishment of a Team in the Company specially for doing the survey and
understanding the needs of the noble profession of Health care providers, so as
to take the full support to establish the Brands.
Awareness: Molecule benefits Awareness with
the help of the professionals from the Suppliers or from the Local representatives’ to healing hands , trend
setters, and Pharmacies.
Availability
: Through the infrastructure they developed by way of arranging the stocks in
their ware houses basing on the needs of the market through their branches of
the key areas of the countries in strategic points so as to utilize their
designed distribution channels to see
that stocks are reaching all the corners of the country so as to reach the end
customers. To achieve the same the right step taken was to employ required
number of marketing staff such as managers and representatives in the branches
to work in the field of marketing and sales. The activity has thus been
organized that this group is dedicated team. They will enjoy full authority in
the management and follow‑up of the branches and marketing 7 distribution
centers throughout Iraq to monitor the refular supplies to maximum number of
Drugs Stores, through the Distributors they have kept in strategic points and
also they will be monitored regularly to make them adopt the strategies and
policies of the management of Hawkary Pharmaceutical Co , to ensure the end
result of regular availability o stocks.
Affordability: The Company always keeps in
mind that their motto is to serve the hands of the healing touch, there by
providing health care needs to the needy
people, to make it happen the pricing of the company will always be reasonable
so
that the end customer feel they can afford
and use for their well being regularly and get the desired results in turn this
helps
the
brands to get established.
SUPPORTING AREAS: Exchanging views; they
also attach great importance to the suggestion from their staff and
companies they deal with to develop and
improve the activities required for achieving their objectives and mutual
benefits. As
the suppliers happiness will play a vital
role since they provide quality medicines with utmost care, so its their prime
duty to
make them feel the well deserved products of
those companies are given required importance to establish as big brands in
their
markets.
SERVICES OF SCIENTIFIC BUREAU: they will
provide the facilities’ to their suppliers with the latest rules and
regulations
and other important information related to
Ministry of Health. Also scientific bureau services so as to deal with Ministry
of
Health and the concerned departments to
support the process of Registering Products and assisting them as and when
required
with other required formalities.
Operations
HQ Premises
Location: Central Business Area
Related Companies
Subsidiaries
Affiliates
Information on Related Companies is not
available/applicable
Bankers
Information on Bankers is not available/applicable
Payments
Subject's payments reported to be: UNDETERMINED
Interview & Reporter Comments
Comment: We have
been unable to contact a company official.
We have sent a fax/e‑mail/questionnaire
however no reply has been received as of yet.
Reporter Comment: The supplied telephone number "250
5940 250 7356" within the original query is an invalid number.
We have found these telephone numbers on the
company website "964 66251 9685, 964 66222 9531", however it was out
of service.
We have found these telephone numbers on the
internet "964 750 401248, 964 750 4459726", however there was no
answer.
Local company’s registry is inaccessible to
inspect subject's file, therefore, we are unable to collect data concerning the
subject you are investigating.
For above reasons we are unable to provide
you with further information on the company.
Please provide us with the correct contact
details so we can resume our investigations on your behalf.
Information provided in the report was
obtained from published information through the internet from the company
website "www.hawkary.net".
About
Hawraky:
Source:"www.hawkary.net":
Since the beginning of the 1990's it was
planned to establish a company to import and distribution of medical drugs with
a highest specifications and ability to attract
companies with an excellent reputation, and
campaigning supreme approvals and operating in the medical industrialization
such as ISO.MHRA.FDA. in order to
insure the delivery of a good product, and
prepared in a manner of strict control, in fact this product will be delivered
to a scick person who is desperately in need for.
That
was the idea to establish Hawkary Company.
Establishment of Hawkary Company has passed
through three basic stages explained as follows:
First Stage; this stage was a field studies,
which comprise the Iraqi markets and their needs included these studies, as
well as the biggest factories in Iraqi
pharmaceutical whether it is governmental or
private, also included the most prominent and the largest distributors and
suppliers.
Second stage: this stage was the practical
implementation of the company (the project) relies on the accumulation of the
information, statistics, and studies from establishers as a result of the first
phase, added at this phase the knowledge of
official requirements and conditions, which
particularly for the company operation practicing.
This stage was crowned after receiving the
approval for opening Hawkary drug store under a license no 502 for the year
1997.here it was the lunched of hawkary, where the establisher started to
contact with the medicine companies, which they are selective, elected to
obtain in the republic of Iraq, it was for the company what it wanted
Third Stage: it was stand for opening other
branches of Hawkary is as follows:
‑Main
section covers the city of
‑Ashwaq
drug store covers the
‑Orr
scientific office, which concern importing medicine.
In 2006 Hawkary had been build up as a
company operating in the field of import and distribution medicine and medical
supplies under a license No 1179, in
advance of this step the company prepared
itself and established a group of sales department and subsidiary warehouses,
geographically distributed.
Conclusions
Local Reputation: Local
informants have not adequate information to assess the Subject's local
reputation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
|
1 |
Rs.73.90 |
|
Euro |
1 |
Rs.65.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.