MIRA INFORM REPORT

Report Date :

17.07.2012

IDENTIFICATION DETAILS

Name :	SIZA INTERNATIONAL (PVT) LIMITED

Registered Office :	18 K.M. Main Ferozepur Road, Lahore

Country :	Pakistan

Date of Incorporation :	1978

Com. Reg. No.:	0006462

Legal Form :	Private Limited Company

Line of Business :	Manufacture & Marketing of Pharmaceutical Products

No. of Employees :	180

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Pakistan

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

Business Name

SIZA INTERNATIONAL (PVT) LIMITED

Full Address

Registered Address

18 K.M. Main Ferozepur Road, Lahore, Pakistan

Tel #	92 (42) 35811172, 35711369, 35763431
Fax #	92 (42) 35812052
Email	factory@sizafac.brain.net.pk

Short Description Of Business

a.	Nature of Business	Manufacture & Marketing of Pharmaceutical Products
b.	Year Established	1978
c.	Registration #	0006462

Branches

65/2 Syed Maratib Ali Road,
FCC, Gulberg IV, Lahore,

Pakistan

Auditors

Arshad Raheem & Co.

(Chartered Accountants)

39-Link Farid Kot Road, Lahore, Pakistan

Legal Status

Subject Company was established as a Private Limited Company in 1978

6.	Authorized Capital	Rs. 30,000,000/- divided into 300,000 shares of Rs. 100/- each
	Issued & Paid up Capital	Rs. 16,875,200/- divided into 168,752 shares of Rs. 100/- each

Details of Directors

Names

Nationality

Address

Occupation

Designation

Mr. Khawaja Muhammad Zahid

Mr. Muhammad Iqbal

Mr. Muhammad Saboor

Mr. Muhammad Saeed

Mr. Muhammad Sadiq

Mr. Khawaja Raza Zahid

Mr. Khawaja Muhammad Arif

Mr. Khawaja Muhammad Asif Razee

Pakistani

18 K.M. Main Ferozepur Road, Lahore

Business

Chief Executive

Director

Shareholders

Names

No. of Shares

Mr. Khawaja Muhammad Zahid

Mr. Muhammad Iqbal

Mr. Muhammad Saboor

Mr. Muhammad Saeed

Mr. Muhammad Sadiq

Mr. Khawaja Raza Zahid

Mr. Khawaja Muhammad Arif

Mr. Khawaja Muhammad Asif Razee

Mrs. Misbah Arif

24,688

19,219

26,719

19,219

17,500

36,813

1,250

4,125

Associates

A. Subsidiary

None

B. Associated Companies

(1) Lahore Medical Instruments (Pvt) Limited, Pakistan.

Business Activities

Manufacture & marketing of different pharmaceutical class like Anti Biotic, Anti Malarials, Anti-Rheumatic, Antihistamine, Narcotic Analgesic, Non Steroidal Respiratory Anti Inflamatory, Quinolones, Vitamins, Phenothiazine, Hypolipidaemics, Muscle Relaxant, Amoebicide, Calcium-Antagonist, Cardio Selective Beta Blocker with their brand names of ADOLAN, AHYAL, ALEREAS, ALODINE, ALOVAC, AMOR, AMRX, AMYLINE, ANASYNTH, APAROX, AQUASIN, ASMATOL, ASTEMINE, ASTHANIL, AVITA, BIKIL, BISON, CLOPAN, CLOTRIMA, CONVUL, CYPRODIN, DEOCALM, DEVOM, DIABETA, DIPYRON, DUPOPHEN, ELOVIR, EMETIL, EMOTIVAN, EPINAT, GARAN, IMIDOL, INDOCIN, LIMBAR, LIVIAT, LOMPER, LORICIN, LOXAT, MAVEST, MAYADIL, MEGAVIT, METROZIL, MEXAIR, NAUSIN, NEOLOX, NEOSTIG, NIFELAT, NOCTRUM, NUMBAIX, OBRAMYCIN, PARACETAMOL, PRAVA, RANITIDE, RHEUMATIN, ROTAVIT, SAURAN, SIZADOX, SOLVEIN, SOPRA, STYFEN, SUCFATE, WORMAZOLE, XIVAL, ZEEFRA, ZEMYCARD

Number of Employees

180

Actual Capacity & Production

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

Annual Sales Volume

Year	In Pak Rupees
2010	220,000,000/- (Estimated)

Trade Suppliers (Foreign)

(1) BASELL POLYOLEFINS, BELGIUM.

(2) SHADONG PHARMACEUTICALS, CHINA.

Distributors Network

Mainly exist at major cities of Pakistan

Bankers

(1) MCB Bank Limited, Pakistan.

(2) Habib Bank Limited, Pakistan.

(3) Bank Alfalah Limited, Pakistan.

(4) Faysal Bank Limited, Pakistan.

(5) United Bank Limited, Pakistan.

Memberships

Lahore Chamber of Commerce & Industry.(LCCI)

Pakistan Pharmaceutical Manufacturers Association.(PPMA)

Foreign Exchange Rates

Currency	Unit	Pakistani Rupee
US Dollar	1	Rs. 94.80
UK Pound	1	Rs. 146.70
Euro	1	Rs. 116.10

Comments

Subject Company was established in 1978 and is engaged in manufacture & marketing of Pharmaceutical Products. Directors are reported as resourceful and experienced businessmen. 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.54.92
UK Pound	1	Rs.85.47
Euro	1	Rs.67.15

INFORMATION DETAILS

Report Prepared by :

PDT

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.