MIRA INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
PHARMA PLUS LIMITED |
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Registered Office : |
Plot No. 5014,
Shop No. 2, Katondo Street, Lusaka |
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Country : |
Zambia |
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Date of Incorporation : |
14.07.2001 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
dealers in
medicinal products and related facilities |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Zambia |
b2 |
b2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUBJECT'S NAME
Registered Name: PHARMA PLUS LIMITED
Requested Name: PHARMA
PLUS LIMITED
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Plot
No. 5014, Shop No. 2, Katondo Street, Lusaka
Postal Address: P.o. Box 32315
Lusaka,
Country: Zambia
Phone: 260-211-222637
Fax: 260-211-222637
Email: None
Website: None
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 14/07/2001
Reg. Number: Lusaka,
Zambia
Nominal Capital ZMK.10,000,000
Subscribed Capital ZMK. 10,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Hitesh Patel MD
Mr. Jagdish Patel Director
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate dealers in medicinal products and related
facilities
Imports: Asia,
Europe
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and30
days (60%), invoices.
Main
Customers: firms and
organizations
Employees: 20 employees.
Vehicles: Several motor
vehicles.
Territory
of sales: Zambia
Location: Owned premises,
5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance
Brokers: Information not available.
FINANCE
Currency Reported: Zambia Kwacha (ZMK.)
Approx. Ex. Rate: 1 US Dollar = 4945.04 Zambia Kwacha
Fiscal Year End: December
31, 2010
Inflation: According
to information given by independent sources, the
inflation
at December 31st, 2010 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in ZMK.)
2010
Sales 9,450,000,000
BANK
Bank Name: EXIM Bank, Dar es salaam,
Tanzania
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.08 |
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UK Pound |
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
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