MIRA INFORM REPORT

 

 

Report Date :

07.04.2012

 

IDENTIFICATION DETAILS

 

Name :

PARAMOUNT MEDICAL TECHNOLOGIES INC

 

 

Registered Office :

P.o Box 1388, Victoria, Mahe

 

 

Country :

Seychelles

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

International Business Company (IBC)

 

 

LINE OF BUSINESS :

NOT AVAILABLE

 

 

No. of Employees :

Not Available

 

 

NOTE: SINCE THE COMPANY IS AN OFFSHORE COMPANY THE ACTIVITY DETAILS ARE NOT AVAILABLE FROM ANY SOURCES.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

International Business Company  

 

 

Payment Behaviour :

Unknown 

 

 

Litigation :

--

 

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)

Seychelles

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

COMPANY REPORTED:

PARAMOUNT MEDICAL TECHNOLOGIES INC

Principal Address:

P.o Box 1388, Victoria, Mahe, Seychelles

Telephone:

+248-4422000/ +91891 2705761

Fax:

+248-4422010

Email:

seychelles@tridenttrust.com

Internet:

None

Legal Form:

International Business Company (IBC)

Stock Listing:

Not Listed

Workforce:

2011

 

 

 

 

None

 

 

 

Office & Factories

 

Head offices

Trident Chambers, P B No. 138/8, Victoria, Mahe, Seychelles

Branches

None

 

 

DIRECTORS/MANAGEMENT

 

Management/ Directors

Not Indicated

 

 

NEGATIVE INFORMATION

 

No negative information found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Nominal Capital

SCR. 30,000

Paid in Capital

SCR. 30,000

Subscribed Capital

SCR. 30,000

 

Shareholders

 

Name

Position

   Amount  

       Ratio

Undisclosed

Directors

 

 

Mr. Jimmy Ernesta

Trustee Agent

 

 

Total

 

 

100.00%

 

 

PAYMENT INFORMATION

 

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Affiliated Companies

None in Seychelles

 

 

FINANCIAL INFORMATION

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Exchange Rate

US$ 1 = SCR. 14.02

 

 

ADDITIONAL INFORMATION

 

Bankers

Chinese Banking Corporation, 65 Chulia Street, OCBC Centre, Singapore 049513

Account Number

A/C No. 503104531301

 

 

NOTES & COMMENTS

 

COMMENTS

This Company is an International Business Company (IBC), which is registered in Seychelles; It is difficult to investigate such a Company due to the Seychelles regulations protecting the non disclosure of the name of the shareholders.
According to Seychelles business regulation, an International Business Company, is under no obligation to state its directors, officers and shareholders, also it’s under no obligation to file annual returns, prepare or submit company accounts to any authority.
The company is incorporated with an agent who is also the legal officer who represents the company.
It is difficult to investigate due to the Seychelles regulations protecting the non disclosure of the name of the shareholders.
 
We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the Seychelles Islands, it uses such territory only as its legal and administrative address, but all its operations are carried out abroad. It is managed by a resident registration agent and it is unknown in the marketplace, so its commercial morality and general reputation cannot be assessed, although nothing detrimental is noted upon subject. However our banking sources confirm that the company has good financial standing and payments are regular.
Our sources were able to know that the shareholders of company are businesses from Asia. 
The ultimate shareholders would be Indian investors.

The company is incorporated with an agent who is also the legal officer who represents the company. Who declined to assist with additional information

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.04

UK Pound

1

Rs.81.08

Euro

1

Rs.67.39

 

 

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.