MIRA INFORM REPORT

Report Date :

07.09.2011

IDENTIFICATION DETAILS

Name :	ZAKFAS PHARMACEUTICALS (PVT) LIMITED

Registered Office :	Thal House Near Street Khana Ferhang Iran LMQ Road, Multan

Country :	Pakistan

Year of Establishment :	2005

Com. Reg. No.:	0053177

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 :	Usually Correct

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Pakistan

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

Bottom of Form

Business Name

ZAKFAS PHARMACEUTICALS (PVT) LIMITED

Full Address

Registered Address

Thal House Near Street Khana Ferhang Iran LMQ Road, Multan, Pakistan

Tel #	92 (61) 6222720, 6222721
Fax #	92 (61) 6222718

Short Description Of Business

a.	Nature of Business	Manufacture & Marketing of Pharmaceutical Products
b.	Year Established	2005
c.	Registration #	0053177

Factory Location

12 K.M, Bosan Road, Lutafabad,

Multan, Pakistan

Auditors

Mahboob Sheikh & Company

(Chartered Accountants)

Near HBL Building, Near Auto Plaza, Dera Adda Chowk, LMQ Road, Multan, Pakistan

Legal Status

Subject Company was incorporated as a Private Limited Company in 2005

Authorized Capital	Rs. 20,000,000/- divided into 200,000 shares of Rs. 100/- each
Issued & Paid up Capital	Rs. 9,000,300/- divided into 90,003 shares of Rs. 100/- each

Details of Directors

Names

Designation

Mr. Malik Noor Samad Awan

Mr. Faisal Faizan Awan

Mr. Malik Atif Adnan Awan

Mr. Zakia Zareen Awan

Chief Executive

Director

Shareholders

Names of Shareholders

No. of Shares

Mr. Malik Noor Samad Awan

Mr. Faisal Faizan Awan

Mr. Malik Atif Adnan Awan

Mr. Zakia Zareen Awan

90,000

Associated Companies

None

Products

Engaged in manufacture and marketing of Pharmaceutical Products

Number of Employees

Annual Sales Volume

Year	In Pak Rupees
2010	60,000,000/- (Estimated)

Annual Production Volume

The capacity and production of the company’s plant is indeterminable as it is multi-product and involves various processes of manufacture.

Distributors Network

Mainly exist at major cities of Punjab Province

Bankers

· Dubai Islamic Bank Pakistan Limited, Pakistan.

· The Bank of Punjab, Pakistan.

· Habib Bank Limited, Pakistan.

· Faysal Bank Limited, Pakistan.

· Askari Bank Limited, Pakistan.

Memberships

· Multan Chamber of Commerce & Industry.(MCCI)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 87.05
UK Pound	1	Rs. 140.30
Euro	1	Rs. 121.80

Comments

Subject Company was established in 2003 and is engaged in manufacture & marketing 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.46.13
UK Pound	1	Rs.74.18
Euro	1	Rs.64.88

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%)

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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.