MIRA INFORM REPORT

Report Date :

18.01.2012

IDENTIFICATION DETAILS

Name :	SAYDON PHARMACEUTICAL INDUSTRIES (PVT) LIMITED

Registered Office :	Plot No. 77/A, Industrial Estate, Peshawar, Pakistan

Country :	Pakistan

Year of Establishment :	1996

Com. Reg. No.:	0036498

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Pharmaceutical Products

No. of Employees :	68

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 :	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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Pakistan

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

Business Name

SAYDON PHARMACEUTICAL INDUSTRIES (PVT) LIMITED

Full Address

Registered Address & Factory

Plot No. 77/A, Industrial Estate, Peshawar, Pakistan

Tel #	92 (91) 5816800, 5817800
Fax #	92 (91) 5817900
Email	saydon@psh.paknet.com.pk

Short Description Of Business

a.	Nature of Business	Manufacture & Marketing of Pharmaceutical Products
b.	Year Established	1996
c.	Registration #	0036498

Branches

In Peshawar at present

Auditors

Shahid Ahmad & Co.

(Chartered Accountants)

19-A, Jamrud Road, University Town, Peshawar, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1996

	Authorized Capital	Rs. 15,000,000/- divided into 150,000 shares of Rs. 100/- each
	Issued & Paid up Capital	Rs. 7,261,000/- divided into 72,610 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Syed Muhammad Tariq

Mr. Syed Muhammad Tahir

Mr. Syed Abdur Rehman

Pakistani

Plot No. 77/A, Industrial Estate, Peshawar

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Syed Abdur Rehman

Mr. Syed Muhammad Junaid

Mr. Syed Muhammad Tahir

Mr. Syed Muhammad Ubaid

Mr. Syed Muhammad Tariq

Mr. Syed Muhammad Zahid

Mrs. Syeda Nasreen Bibi

Mrs. Syeda Shaheen Bibi

Mrs. Sofia Bibi

9,322

2,700

16,144

2,700

16,394

3,750

9,150

7,250

5,200

Associates

A. Subsidiary

None

B. Associated Companies

(1) New Pak Medicine Co, Pakistan.

Products

Manufacture & Marketing of Pharmaceuticals Products by its brand names of AG-CEPH, AG-CIN, AG-CLOR, AG-DROX, AG-FIX, ARCAM, AZORES, BSADOX, CA-B, CEFTOP, CEFWEL, CEFZAR, CIN, CLARA, CLOMEDON, CR-10, ERI-P, ERI-PLUS, EXACT, FRODON, GYNAZOL, ITRAT, KETONEL, KETOR, KIMODIN, LOSYD, M-RID, NV-NIL, ORA-C, OSTEFEN, OSYD-20, P-SUR, PARIUM, RIDMAL, RIGET, SAFME, SAYDALGIN, SAYDAZOL, SAYDETRON, SAYZONE, SONAC, SPOX, SUMETH, SYDLOL, SYDOCEF, TOBRADON, UL- GET, UL-SAFE, VIN, VOLFEN, WARTH, ZEM

Number of Employees

Annual Production Volume

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

Annual Sales Volume

Year	In Pak Rupees
2009	70,000,000/- (Estimated)

Trade Suppliers (Foreign)

(1) COLORCON ASIA PACIFIC PTE LTD, SINGAPORE.

(2) IMPERIAL CHEM CORPORATION, INDIA.

(3) IPCA LABORATORIES LIMITED, INDIA.

Distributors

Mainly exist at major cities of Pakistan

Importing Countries

Mainly from India, China & European Countries

Bankers

(1) Allied Bank Limited, Pakistan.

(2) Habib Bank Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) United Bank Limited, Pakistan.

(5) Askari Bank Limited, Pakistan.

Memberships

· Sarhad Chamber of Commerce & Industry.(SCCI)

· Pakistan Pharmaceutical Manufacturers Association.(PPMA)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 90.50
UK Pound	1	Rs. 138.00
Euro	1	Rs. 114.50

Comments

Subject Company was established in 1996 and is engaged in manufacture & marketing of Pharmaceutical Products. Overall reputation is satisfactory. Trade relations are reported as fair. Company can be considered for normal business dealings at usual trade terms & conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.06
UK Pound	1	Rs.78.48
Euro	1	Rs.64.99

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.