MIRA INFORM REPORT

 

 

Report Date :

13.07.2007

 

IDENTIFICATION DETAILS

 

Name :

RV LIFESCIENCES LTD

 

 

Registered Office :

Suite 3305, 33FL Office Tower Convention Plaza 1 Harbour Rd Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

June 30, 2005

 

 

Com. Reg. No.:

0980530

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


name & address          

 

RV LIFESCIENCES LTD

SUITE 3305, 33FL OFFICE TOWER CONVENTION PLAZA

1 HARBOUR RD WANCHAI HONG KONG.

TEL      : 852-28822002 

FAX      : 852-83435330

 

 

EXECUTIVE SUMMARY

 

INCORPORATION DATE            : JUNE 30, 2005

REGISTRATION NO.                  : 0980530

LEGAL FORM                           : PRIVATE LIMITED COMPANY

CHIEF EXECUTIVE                    : N/A

STAFF STRENGTH                    : N/A

CAPITAL                                   : US$ 12,788

BUSINESS LINE                        : TRADER

TURNOVER                              : N/A (AS OF DEC. 31, 2006)

EQUITIES                                 : N/A (AS OF DEC. 31, 2006)

PAYMENT                                : AVERAGE

RECOMM. CREDIT RANGE       : C.O.D.

MARKET CONDITION                : FAIR

FINANCIAL CONDITION : N/A

OPERATIONAL TREND  : N/A

GENERAL REPUTATION           : N/A

EXCHANGE RATE                     : HKD 7.81543 = US$1 AS OF 2007-7-12

 

Adopted abbreviations:

ANS - amount not stated           

NS - not stated 

SC - subject company (the company inquired by you)

NA - not available          

M - million        

HKD –Hong Kong Dollars

 

 

 

 


Rounded Rectangle: HISTORY 

 

 

 


The Subject Business Entity does NOT maintain an operational office at the address listed above. The office located at the address above (including telephone and fax numbers) is operated and managed by a firm specializing in Corporate Secretarial / Business Center services.

 

The name of the Corporate Secretarial / Business Center firm is: ATC (HONG KONG) LTD 

 

*Company Registration*

===================

(1)

License number     : 0980530

Date issued           : 30 June, 2005

Issuing authority    : Companies Registry

Legal form             : Private Limited Company

Type of license      : Corporate

 

(2)

License number   : 35847627-000

Date issued          : N/A

Issuing authority   : Business Registration Office - Inland Revenue Dept

Type of license     : Bussiness 

 

*Capital Details*

=============

Share value           : HKD 1.00/-each

Authorized capital  : HKD 100,000.00

Paid-up capital       : HKD 100.00 divided into 100 ordinary shares

 

*Reputation*

==========

Due to the fact that the subject company :

 

(i)  Does not maintain an operational office in Hong Kong; and

(ii) There is no knowledge or public record of overseas business activities

 

It has not been possible to ascertain the reputation of the company.

 

Rounded Rectangle: WEB SITE 

 

 

 


SC is not known to host website of its own at present.

 

 

Rounded Rectangle: LITIGATION 

 

 


For the past two years there is no record of litigation.

 


 

Rounded Rectangle: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 


*Major Shareholders*

=================

Total number of shareholders      : 2

Total number of ordinary shares  : 100

 

Shareholders' Name           No. of Ordinary Shares     Amount of shares (HKD)     % of Shares

--------------------------            -------------------------------     ---------------------------------      ----------------

Sanjay Garg                                     60                                         60                              60.00

Ranjana Sharma                              40                                         40                              40.00

 

Share Transfer

-------------------

Transferee                     Transferor                                                    No. of Ordinary Shares

--------------                      --------------                                                   -------------------------------

Sanjay Garg                   KOSSILON CONSULTANCY LTD                             1

 

*Director's Details*

===============

(1)

Sanjay Garg

Passport ID no    : Z1056176

Address               : 31 Pocket V Mayur Vihar - Phase 1 New Delhi India 110091

 

(2)

Ranjana Sharma

Passport ID no    : A7787718

Address               : 435 Sector 45-A Chandigarh Chandigarh India 

 

 

Rounded Rectangle: MANAGEMENT 

 

 


SC;s management details are not available at present.

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 


*Operations Status*

================

Although the company is a legally registered business entity, it does not maintain an operational office, nor any employees in this country, but rather employs the services of a local firm engaged in corporate secretarial management services to "maintain" company licenses on behalf of owners who are located overseas.

 

The management services usually involves registering the office address as the same one used by the firm employed to "maintain" the license, as well as receive any mail address to the company, forward any mail to the owners, attend to license renewals, corporate levies and related issues.

 

The local firm employed to perform maintenance for this company is:

 

Company Name  : ATC (HONG KONG) LTD

Address              : Suite 3305, 33Fl Office Tower Convention Plaza 1 Harbour Rd

Suburb                : Wanchai

City                      : Hong Kong

 

Based on telephone discussions with the management of the Corporate Secretarial / Business Center firm, it manages the annual legal corporate license renewals and related matters on behalf of the Subject Business Entity. There is no known operational office for the Subject Business Entity in the country listed above.

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


SC is not known to have any subsidiary at present.

 

 

Rounded Rectangle: PAYMENTHISTORY 

 

 


PAYMENT RATING : 6                OBTAINED SCORES    : No Data

Rating Key

Implication

Implications

1

Scores 85–100

Excellent

2

Scores 75 – 84

Above Average

3

Scores 50 – 74

Average

4

Scores 35 – 49

Fair

5

Scores 15 – 34

Below Average

6

Scores 01 – 14

Poor

NR

No Data

No Data

 

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

 

 

Rounded Rectangle: FINANCIAL HIGHLIGHTS 

 

 


Under Hong Kong corporate law, the Subject Company is exempt from the provisions of the Income Tax Act and therefore not obliged to disclose their financial statements.

 

 

Rounded Rectangle: REMARKS 

 

 


Despite having exhausted all our effort, we are unable to obtain sufficient information to assess SC's credit standing.

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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