MIRA INFORM REPORT
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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ALLMED (PVT) LIMITED |
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Formerly Known As : |
EVERGREEN PHARMACEUTICALS (PVT) LIMITED |
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Registered Office : |
16-L, |
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Country : |
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Year of Establishment : |
2006 |
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Com. Reg. No.: |
0057481 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture & Marketing of Pharmaceutical Products |
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No. of Employees
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76 |
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Pakistan |
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 |
ALLMED (PVT)
LIMITED
(FORMERLY : EVERGREEN PHARMACEUTICALS (PVT)
LIMITED)
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Registered
Address |
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16-L, Model Town (Ext) Lahore, Pakistan |
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Tel # |
92 (42) 35202072,
35202073 |
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Fax # |
92 (42) 35161929 |
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Email |
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a. |
Nature of Business |
Manufacture
& Marketing of Pharmaceutical Products |
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b. |
Year Established |
2006 |
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c. |
Registration # |
0057481 |
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Address |
Plot No. 590, Sundar Industrial Estate, Lahore, Pakistan |
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Tel No. |
92 (42) 35297458, 35297459 |
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Fax No. |
92 (42) 35297459 |
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M.A. Tabbasam & Co. (Chartered
Accountants) S-8, Ahmed Arcade,
161-Ferozepur Road, Lahore, Pakistan |
Subject Company was established as a Private Limited Company in 2006 by the name of Evergreen Pharmaceuticals (Pvt) Limited. In 16/11/2010 its name was changed to Allmed (Pvt) Limited
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Authorized Capital |
Rs. 60,000,000/- divided into 600,000 shares
of Rs. 100/- each |
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Issued & Paid up Capital |
Rs. 60,000,000/- divided into 600,000 shares
of Rs. 100/- each |
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Names |
Nationality |
Address |
Occupation |
Designation |
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Mr. Muhammad Ejaz Mirza Mr. Muhammad Farooq Mr. Syed Khurram Bukhari Mr. Tariq Mehboob |
Pakistani Pakistani Pakistani Pakistani |
43-B, Phase-111 GECHS, Link, Model Town Road, Lahore
43-B,
Phase-111 GECHS, Link, Model Town Road, Lahore 43-B,
Phase-111 GECHS, Link, Model Town Road, Lahore 43-B,
Phase-111 GECHS, Link, Model Town Road, Lahore |
Business Business Business Business |
Chief Executive Director Director Director |
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Names |
No. of Shares |
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Mr. Muhammad Farooq Mr. Iqbal Masood Dar Mr. Muhammad Arif Hashmi |
222,000 200,000 172,000 |
A. Subsidiary
None
B. Associated
Companies
(1) Mega Rose International,
Pakistan
(2) Copier Traders (Pvt) Ltd,
Pakistan.
Manufacture &
marketing of Pharmaceutical Products like Anti Biotic, Anti Malarials,
Anti-Rheumatic, Antihistamine, Narcotic Analgesic, Non Steroidal Respiratory
Anti Inflamatory, Quinolones, Vitamins, Phenothiazine, Hypolipidaemics, Muscle
Relaxant etc
76
The capacity and production of the company’s plant is
indeterminable as it is multi-product and involves varying processes of
manufacturing.
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Year |
In Pak Rupees |
|
2010 |
60,000,000/- (Estimated) |
· AURINDO PHARMA, INDIA.
· INOGENT LABORATORIES (PVT) LIMITED, INDIA.
Mainly exist at Punjab & N.W.F.P. Province
·
Habib Bank
Limited, Pakistan.
·
Soneri Bank
Limited, Pakistan.
·
KASB Bank
Limited, Pakistan.
·
Bank Alfalah
Limited, Pakistan.
· Pakistan Pharmaceutical Manufacturers Associations.(PPMA)
·
Lahore Chamber of Commerce & Industry.(LCCI)
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Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 90.50 |
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UK Pound |
1 |
Rs. 144.00 |
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Euro |
1 |
Rs. 120.30 |
Subject Company was established in 2006 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 & conditions.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.16 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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 |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.