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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
EVERGREEN
PACIFIC LTD. |
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Registered Office : |
c/o Akin
Professionals Ltd. 20/F., |
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Country : |
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Date of Incorporation : |
05.09.2008 |
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Com. Reg. No.: |
50033366 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, exporter and wholesaler of all kinds of pharmaceuticals, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Small Company |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EVERGREEN PACIFIC LTD.
c/o Akin Professionals Ltd.
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.
PHONE: 2541 4224
FAX: 2541 4225
E-MAIL: services@akincpa.com.hk
Managing Director: Mr. Praveer Chaurasia
Incorporated on: 5th September, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$5,000,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o Akin Professionals Ltd.
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.
Associated
Company:-
Canixa Life Sciences Pvt. Ltd., India.
50033366
1270974
Managing Director: Mr. Praveer Chaurasia
Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry
dated 05-09-2011)
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Name |
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No. of shares |
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Praveer CHAURASIA |
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9,999 |
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Khadka LAXMAN |
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1 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry
dated 05-09-2011)
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Name (Nationality) |
Address |
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Khadka LAXMAN |
Sanagaun, V.D.C U Doti, Nepal. |
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Praveer CHAURASIA |
House Number 174, Harding Road, Meerpur Cantt, Kanpur-208004, India. |
(As per registry
dated 05-09-2011)
|
Name |
Address |
Co.
No. |
|
Akin Professionals Ltd. |
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong. |
1273165 |
The subject was incorporated on 5th September, 2008 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, exporter and wholesaler.
Lines: All kinds of pharmaceuticals, etc.
Employees: Nil.
Commodities Imported: India, other Asian countries, Europe, etc.
Markets: India, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$5,000,000.00 (Divided into 5,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Evergreen Pacific Ltd. is almost wholly owned by Mr. Praveer Chaurasia who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. The subject’s minor shareholder Mr. Khadka Laxman is a Nepal passport holder who is currently residing in Nepal. The two shareholders are also directors of the subject.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at “20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong” known as “Akin Professionals Ltd.” which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong. It is a pharmaceutical product trader.
Chaurasia is the representative of Canixa Life Sciences Pvt. Ltd. [Canixa] which is an India-based firm. Canixa produces and markets pharmaceutical products. It offers dermatology products, such as oral and topical anti-acne, anti-histamine, anti-fungal, anti-biotic, anti-pruritic, sun-screen, and immuno-modulator products, as well as anti-acne face washes, hair-care supplements, demelanising agents, emollients and protectives, topical corticosterids, lycopenes for skin protection, anti-scabies, and multi-vitamins; and cosmetology products for acne control, dry skin, pigmentation, ageing skin, melasma, photo ageing, scars, solar lentigenes, uneven skin tone, and sun damaged skin. Canixa also offers gynecology products comprising calcium supplements, hair-care supplements, lycopenes for male-infertility, anti-biotics, anti-fungal products, vertigo/motion-sickness products, and multi-vitamins; orthopedics products, such as joint mobilizers, calcium supplements, and anti-inflammatory and analgesic products; and gastroenterology products, including anti-gastric and anti-ulcerative products, and multi-vitamins. In addition, it offers physician/GP, oncology, surgery, pediatrics, urology, and cardiology products. Canixa was founded in 2007 and is based in Bengaluru, India.
The subject trades in the products of Canixa. Its business in Hong Kong is not active.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.68 |
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UK Pound |
1 |
Rs.86.52 |
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Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.