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Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNIFEROZ (PVT)
LIMITED |
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|
|
|
Registered Office : |
32/8, Sector 15, Korangi Industrial Area, |
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Country : |
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|
|
|
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Date of Incorporation : |
1985 |
|
|
|
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Com. Reg. No.: |
0044003 |
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|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacturing
& marketing of SANIPLAST
First Aid Bandages & Surgical Tapes |
|
|
|
|
No. of Employees |
155 |
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 |
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|
|
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Pakistan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
PAKISTAN - ECONOMIC OVERVIEW
Decades of internal political disputes and low levels of
foreign investment have led to slow growth and underdevelopment in Pakistan. Agriculture
accounts for more than one-fifth of output and two-fifths of employment.
Textiles account for most of Pakistan's export earnings, and Pakistan's failure
to expand a viable export base for other manufactures has left the country
vulnerable to shifts in world demand. Official unemployment was 6.6% in 2013,
but this fails to capture the true picture, because much of the economy is
informal and underemployment remains high. Over the past few years, low growth
and high inflation, led by a spurt in food prices, have increased the amount of
poverty. As a result of political and economic instability, the Pakistani rupee
has depreciated more than 40% since 2007. The government agreed to an
International Monetary Fund Standby Arrangement in November 2008 in response to
a balance of payments crisis. Although the economy has stabilized since the
crisis, it has failed to recover. Foreign investment has not returned, due to
investor concerns related to governance, energy, security, and a slow-down in
the global economy. Remittances from overseas workers, averaging about $1
billion a month since March 2011, remain a bright spot for Pakistan. However,
after a small current account surplus in fiscal year 2011 (July 2010/June
2011), Pakistan's current account turned to deficit in the following two years,
spurred by higher prices for imported oil and lower prices for exported cotton.
Pakistan remains stuck in a low-income, low-growth trap, with growth averaging
about 3.5% per year from 2008 to 2013. Pakistan must address long standing
issues related to government revenues and energy production in order to spur
the amount of economic growth that will be necessary to employ its growing and
rapidly urbanizing population, more than half of which is under 22. Other long
term challenges include expanding investment in education and healthcare,
adapting to the effects of climate change and natural disasters, and reducing
dependence on foreign donors.
|
Source
: CIA |
UNIFEROZ (PVT)
LIMITED
|
Registered
Address |
|
32/8, Sector 15, Korangi Industrial Area,
Karachi, Pakistan |
|
Tel # |
92 (21) 35050072, 35050108, 35050167 |
|
Fax # |
92 (21) 35050140 |
|
Email |
|
a. |
Nature of
Business |
Manufacturing
& marketing of SANIPLAST First Aid Bandages & NICHIPORE
Surgical Tapes |
|
b. |
Year Established |
1985 |
|
c. |
Registration # |
0044003 |
152-A, Shah Jamal
Colony, Lahore, Pakistan
Punjwani & Company
(Chartered Accountants)
174/W, Block No. 2, P.E.C.H.S., Karachi, Pakistan
Subject Company was established as a Private
Limited Company in 1985
|
6. |
Authorized
Capital |
Rs.
100,000,000/- divided into 1,000,000 shares of Rs. 100/- each |
|
|
Issued & Paid
up Capital |
Rs. 400/-
divided into 4 shares of Rs. 100/- each |
|
Names |
Nationality |
Address |
Occupation |
Designation |
|
Mr. Tariq Mehtab Feroz Mr. Muhammad Sadiq Mehtab Feroz |
Pakistani Pakistani |
32/8, Sector 15, Korangi Industrial Area,
Karachi 32/8, Sector 15, Korangi Industrial Area,
Karachi |
Business Business |
Chief Executive Director |
|
Names |
No.
of Shares |
|
Mr. Tariq Mehtab Feroz Mr. Muhammad Sadiq Mehtab Feroz Mr. Muneer Mehtab Feroz Mr. Mehtab Uddin Feroz |
1 1 1 1 |
A. Subsidiary
None
B. Associated
Companies
Hospital Supply Corporation,
Pakistan.
Otsuka Pakistan
Limited, Pakistan.
Efroze
Pharmaceuticals Limited, Pakistan.
Health Care
Products, Pakistan.
May Marketing
Enterprises, Pakistan.
S. S. Medico,
Pakistan.
Multitech
Marketing Services, Pakistan.
S. Ejazuddin
& Co, Pakistan.
Manufacturing
& marketing of SANIPLAST First Aid Bandages & NICHIPORE
Surgical Tapes
155
The capacity and production
of the company’s plant is indeterminable as it is multi-product and involves
varying processes of manufacturing.
|
Year |
In
Pak Rupees |
|
2013 |
220,000,000/- (Estimated) |
Subject mainly import from Companies belongs
to European Countries, China, Taiwan, Korea, Singapore, India, Japan &
U.S.A.
Mainly Private
& Government Hospitals, Pharmacies, Distribution Companies etc
Habib Bank Limited, Pakistan.
Faysal Bank Limited,
Pakistan.
Soneri Bank Limited,
Pakistan.
Bank Alfalah Limited,
Pakistan.
Karachi Chamber of Commerce &
Industry.(KCCI)
|
Currency |
Unit |
Pakistani
Rupee |
|
US Dollar |
1 |
Rs. 98.90 |
|
UK Pound |
1 |
Rs. 167.60 |
|
Euro |
1 |
Rs. 132.85 |
Subject Company was established in 1985 and
is engaged in manufacturing & marketing of SANIPLAST
First Aid Bandages & NICHIPORE Surgical Tapes. Market reputation
is satisfactory. Trade relations are reported as fair. Subject can be
considered for normal business dealings at usual trade terms & conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.87 |
|
UK Pound |
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.81.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.