MIRA INFORM REPORT

 

 

Report Date :

05.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ADVANCE PHARMA CO LTD

 

 

Registered Office :

300CAF Canadia (St 284), Phnom Penh

 

 

Country :

Cambodia

 

 

Date of Incorporation :

30.08.2006

 

 

Legal Form :

Company Limited

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined 

 

 

Payment Behaviour :

---

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Cambodia

A2

A2

 

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 Details

Organization Name

:

ADVANCE PHARMA CO LTD

Address

:

300CAF Canadia (St 284), Phnom Penh

Country

:

Cambodia

Phone (S)

:

[+855] 23-219339
Status: Although telephone number is working and the answering party recognized the name of SBE, they stated it is believed the SBE has ceased business and were unable to contribute any further information. The relationship between the SBE and the answering party remains

 

 

 

unknown.

Facsimile

:

[+855] 23-881796
Status: Normal.

Email

:

avpharma@online.com.kh

 

Primary Business Activity

:

Trader

Key Industry

:

Medical Equipment & Pharmaceutical

 

Key Facts

 

Registered Legal Address

:

300CAF Canadia (St 284), Phnom Penh

Operational Address

:

300CAF Canadia (St 284), Phnom Penh

Issuing Authority

:

Ministry of Commerce - Commercial Registry

License Number

:

9041/06P

License Status

:

License exists - But no trace of any Operational office.

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

It was NOT possible to confirm the operational status.(1)

Date of Registration

:

30 Aug, 2006

Employees

:

 

Capital

:

US$ 4,880

Note

:

(1) Due to the lack of SBE's operational status, and circumstances involved, the information as listed below is only historical / on-file data and as such it has not been possible to verify against any current sources.

 

Report Details

 

Country

:

Cambodia

Business Entity Name

:

ADVANCE PHARMA CO LTD

Primary Business Activity

:

Trader

Primary Industry

:

Medical Equipment & Pharmaceutical

Office Contact Details

Operating Address

:

300CAF Canadia (St 284), Phnom Penh

Tel

:

[+855] 23-219339
Status: Although telephone number is working and the answering party recognized the name of SBE, they stated it is believed the SBE has ceased business and were unable to contribute any further information. The relationship between the SBE and the answering party remains unknown.

Fax

:

[+855] 23-881796
Status: Normal.

Email

:

avpharma@online.com.kh

 

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Barn Hourt

Cambodian

Managing Director

-

Management Details - 1

Personal Unique Identifier

:

MI02408974

Name

:

Mr. Barn Hourt

 

Tel

:

855-12-982288

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI02408974

Name

:

Mr. Barn Hourt

Nationality

:

Cambodian

2

 

 

Personal Unique Identifier

:

MI02408973

Name

:

Mr. Cheang Ty

Nationality

:

Cambodian

 

 

NEGATIVE INFORMATION

 

ADVERSE DATA MONITORING

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: KHR - Cambodia Riel)

Authorized Capital

:

20,000,000

SHAREHOLDERS

 

Total number of shareholders

:

1

Total number of shares

:

1,000

 

Currency

:

KHR - Cambodia Riel

 

No.

Shareholders

Country

Shares

Number

Amount (KHR)

%

1

Mr. Cheang Ty

Cambodia

1,000

n/a

100.00

Total

1,000

n/a

100.00

 

 

Based on corporate statutory laws /regulations in Cambodia, there is no requirement for public disclosure of Shareholders. In this case, the Shareholder information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

FINANCIAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Cambodia, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 KHR
Cambodia Riel

=

0.000244 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Operating Status:

No trace of Subject Business Entity - Investigations indicate it has ceased business.

Extensive investigations have been conducted to identify the status of the commercial operations for the Subject Business Entity.

Investigations have included:

·     Checks with local telecom authorities

·     Checks with local trade associations / organisations and B2B Trade Portals

Based on the above, it is confirmed that although the Subject Business Entity still remains legally registered as a corporate business entity in CAMBODIA, there is NO TRACE of the physical business operations and as such it is believed the Subjective Business Entity has ceased operations due to unknown reasons.

 

 

Primary Products

Products / Materials / Services Description

Activity

 

Pharmaceutical products

Importing, Trading

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Pharmaceutical preparations

2834

Importing, Trading

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Pharmaceutical goods (specified sterile prod etc.)

3006

Importing, Trading

Pharmaceutical products

3000

Importing, Trading

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of ADVANCE PHARMA CO LTD is Trading - Finished products.

Supplementary Business

In addition to the core business, ADVANCE PHARMA CO LTD also is engaged in the following areas of business:

  1. Importing
    • Importing - Finished products

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.55

UK Pound

1

Rs.85.47

Euro

1

Rs.68.70

 

 

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.