MIRA INFORM REPORT

 

 

Report Date :

17.07.2012

 

IDENTIFICATION DETAILS

 

Name :

AGP (PVT) LIMITED

 

 

Registered Office :

B-23, S.I.T.E., Karachi

 

 

Country :

Pakistan

 

 

Year of Establishment :

1957

 

 

Com. Reg. No.:

0000908

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture & Marketing of Pharmaceutical Products

 

 

No. of Employees :

280

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

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 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Pakistan

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

                                   

Business Name

 

AGP (PVT) LIMITED

 

 

Full Address       

 

Registered Address & Factory

B-23, S.I.T.E., Karachi, Pakistan

                       

Tel #

92 (21) 111-247-247, 32565694

Fax #

92 (21) 32570689

 

 

Short Description Of Business

 

a.

Nature of Business        

Manufacture & Marketing of Pharmaceutical Products

b.

Year Established

1957

c.

Registration #

0000908

 

 

Branches

           

In Hyderabad, Sukkur, Quetta, Multan, Faisalabad, Lahore, Gujranwala, Rawalpindi & Peshawar

           

 

Auditors

 

Ernst & Young Ford Rhodes Sidat Hyder

(Chartered Accountants)

601-603, Progressive Plaza, Beaumont Road, Karachi, Pakistan

 

 

Legal Status

 

Subject Company was established as a Private Limited Company in 1957

 

 

6.

Authorized Capital

Rs. 300,000,000/- divided into 300,000 shares of Rs. 1000/- each

 

Issued & Paid up Capital

Rs. 6,580,000/- divided into 6,580 shares of Rs. 1000/- each

 

 

Details of Directors

           

Names

Nationality

Address

Occupation

Designation

Mrs. Nusrat Munshi

 

 

 

 

 

Mr. Asif Gohar

 

 

 

 

 

Mr. Marzook Mahfooz

Pakistani

 

 

 

 

 

Pakistani

 

 

 

 

 

Pakistani

 

 

Flat No. A-50, Galaxy Skyline, Plot No. 28-A, Phase VI, D.H.A., Karachi

 

6-A/II, 10th South Street Extension, Defence Housing Authority, Karachi

 

5/A, 11th South Street Extension, Defence Housing Authority, Karachi

Business

 

 

 

 

 

Business

 

 

 

 

 

Business

 

 

Chief Executive

 

 

 

 

 

Director

 

 

 

 

 

Director

 

 

Shareholders                

           

Names

No. of Shares

Mr. Asif Gohar

 

Mr. Marzook Mahfooz

 

Pharmonte Limited, Switzerland

4,995

 

5

 

1,580

 

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

A.         Subsidiary

 

                        None                                            

           

 

B.         Associated Companies

 

(1)     Sanofi Aventis Pakistan Limited, Pakistan.

(2)     The Anglo French Drug Company Pakistan (Pvt) Limited, Pakistan.

(3)     Eli Lilly Gohar (Private) Limited, Pakistan.

(4) Avery Scales (Pvt) Limited, Pakistan.

(5) AGT Systems (Pvt) Limited, Pakistan.

(6) Trade Wind Associates (Pvt) Limited, Pakistan.

(7) Bayer CropScience (Pvt) Limited, Pakistan.

(8) Ali Gohar & Company (Pvt) Limited, Pakistan.

           

Products

 

ACTI-5, ADAMON, ALGOCIN, ANAFORTAN, ASTELIN, BETADINE, CHYMORAL, CONTROLOC, CROMETIN A, CROZYL, CYTEAL, DOLOFEN, DOLOFLAM, EKSALB, ENZAR, GLUCONORM, GROFENAC, HAPRO, LUCAST, MAGNOPYROL, MAGNUS, MAXNA, MELFAX, MERLON, MIKAN, CONTINUS, NEOGENE, OSLIN, OSSOPAN 800, PANTOLAX,  PERMIXON, PHYLLOCONTIN, POSTERISAN FORTE, PROCLOR, PROLIXAN, RHINOLAST, RIGIX, RIOPAN 800, RUBIFER, SINAXAMOL PLUS, SINUPRET, SOMATOSAN, SPASLER, SPASLER NEO, TARDYFERON, TEBOKAN FORTE, THEOPLUS, TRICEF, UROMITEXAN, URSOFALK, VITARNIN, VIVIOPTAL

 

 

Number of Employees

 

            280

 

 

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

700,000,000/- (Estimated)

 

 

Trade Suppliers (Foreign)

 

(1) ALEMBIC LIMITED, INDIA.

(2) AUROBINDO PHARMA LIMITED, INDIA.

(3) CIPLA LIMITED, INDIA.

(4) DEPA PHARMACEUTICAL ACTIVE MATERIAL INC, TURKEY.

(5) JUPITER BIOSCIENCE LIMITED, INDIA.

(6) KAIRAV CHEMICALS LIMITED, INDIA.

(7) LUPIN CHEMICALS LIMITED, THAILAND.

(8) NITSON LABORATORIES, INDIA.

(9) POL PHARMA S.A., POLAND.

(10) PCAS PHARMA SYNTHESIS, FRANCE.

(11) RASULA PHARMA & FINE CHEMICALS, INDIA.

(12) RANBAXY LABORATORIES LIMITED, INDIA.

(13) SCHWARZ PHARMA, IRELAND.

(14) WOCKHARDT LIMITED, INDIA.

 

Distributors Network

 

Mainly exist at major cities of Pakistan

 

 

Bankers

 

(1) Allied Bank Limited, Pakistan.

(2) Habib Bank Limited, Pakistan.

(3) KASB Bank Limited, Pakistan.

(4) Bank Alfalah Limited, Pakistan.

 

 

Memberships

 

·         Karachi Chamber of Commerce & Industry.(KCCI)

·         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 1957 and is engaged in manufacture & marketing of Pharmaceutical Products. Market reputation is satisfactory. 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 :

PRL

 

 

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.