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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIFE SAVER
INVESTMENTS LTD. |
|
|
|
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Registered Office : |
c/o Prima
Secretaries Ltd. Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, |
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|
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|
Country : |
Hong Kong |
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|
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Date of Incorporation : |
14.04.2010 |
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|
|
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Com. Reg. No.: |
52097653 |
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Legal Form : |
Private Limited Company |
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|
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Line of Business : |
Importer and Exporter all kinds of Pharmaceuticals, etc. |
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No. of Employees : |
Not Available |
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 : |
No operating Office in Hong Kong |
|
Payment Behaviour : |
Unknown |
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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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LIFE SAVER
INVESTMENTS LTD.
c/o Prima
Secretaries Ltd.
Suite 605, 6/F.,
China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
PHONE: 2376 3611
FAX: 2736 5115
Managing
Director: Mr. Prashant Raghunandan Rele
Incorporated on: 14th April, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$2.00
Business Category: Pharmaceutical Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
LIFE SAVER
INVESTMENTS LTD.
Registered
Head Office:-
c/o Prima
Secretaries Ltd.
Suite 605, 6/F.,
China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong.
Associated
Companies:-
Innorex
Pharmaceuticals Pvt. Ltd., India.
Newnet Investments
Ltd., Hong Kong.
Nexgen Healthcare
Pvt. Ltd., India.
52097653
1442778
Managing
Director: Mr. Prashant Raghunandan Rele
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$2.00
(As per registry dated 14-04-2011)
|
Name |
|
No.
of shares |
|
Prashant
Raghunandan RELE |
|
1 |
|
Shalaka Prashant RELE |
|
1 |
|
|
|
–– |
|
|
Total: |
2 = |
(As per registry dated 10-06-2011)
|
Name (Nationality) |
Address |
|
Prashant
Raghunandan RELE |
1 Shankar Bhavan, French Bridge, Opera
House, Mumbai, Maharashtra 400007, India. |
(As per registry dated 14-04-2011)
|
Name |
Address |
Co.
No. |
|
Prima
Secretaries Ltd. |
Suite 605, 6/F., China Insurance Group Building, 141 Des Voeux Road
Central, Hong Kong. |
0569406 |
The
subject was incorporated on 14th April, 2010 as a private limited liability
company under the Hong Kong Companies Ordinance.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer and Exporter.
Lines: All kinds of pharmaceuticals, etc.
Employees: Nil.
Commodities Imported: India, China, other Asian countries, etc.
Markets: Japan, other Asian countries, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Life
Saver Investments Ltd. is equally owned by Mr. Prashant Raghunandan Rele and
Mr. Shalaka Prashant Rele, both of whom are Indian. The subject has just issued 2 ordinary shares
of HK$1.00 each while each of the shareholders holds a single share. The former is the only director of the
subject. He is an India passport holder
and does not have the right to reside in Hong Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Suite
605, 6/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong
Kong known as Prima Secretaries Ltd. which is handling its correspondences and
documents. City Secretarial Ltd. is also
the corporate secretary of the subject.
The
subject has no employees in Hong Kong.
The
subject has had an associated company Newnet Investments Ltd. which is a Hong
Kong-registered firm. Prashant
Raghunandan Rele is the managing director of this firm.
To
our knowledge, Prashant Raghunandan Rele is also the CEO of Innorex
Pharmaceuticals Pvt. Ltd. [Innorex] which is an India-based firm. Innorex is trading in NDDs and effervescent
pharmaceuticals, APIs, fine chemicals.
The
subject is engaged in the same lines of business as Innorex.
The
subject has had another associated company Nexgen Healthcare Pvt. Ltd. [Nexgen]
in India. Nexgen is trading in NDD
products, generic formulations, active pharmaceutical ingredients, etc. It also offers clients with formulations
development services, dossier development services, manufacturing and supply
arrangement from GMP/EU/MCC/TGA approved manufacturing facilities.
The
history of the subject in Hong Kong is just about two years.
Since
the subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
|
|
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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.