MIRA INFORM REPORT

 

 

Report No. :

490267

Report Date :

06.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PHARMACEUTICALS INTERNATIONAL LTD

 

 

Registered Office :

5th Floor, Ritter House,, Wickhams Cay II,, PO Box 3175, Road Town,Tortola

 

 

Country :

British Virgin Islands

 

 

Date of Incorporation :

1993

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Subject is International Business Company incorporated in British virgin islands for tax purposes

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

 

Status :

International Business Company

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

British Virgin Islands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BRITISH VIRGIN ISLANDS - ECONOMIC OVERVIEW

 

The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, which generates an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.

Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements.

In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the British Virgin Islands even more attractive to international business.

 

 

Source : CIA

 

 

STATUTORY INFORMATION

 

Legal Name:

PHARMACEUTICALS INTERNATIONAL LTD

Trade Name:

PHARMACEUTICALS INTERNATIONAL LTD

ID:

89627

Date Created:

1993

Date Incorporated:

1993

Legal Address:

5th Floor, Ritter House,

Wickhams Cay II,

PO Box 3175, Road Town,

Tortola, British Virgin Islands.

Operative Address:

5th Floor, Ritter House,

Wickhams Cay II,

PO Box 3175, Road Town,

Tortola, British Virgin Islands.

Telephone:

(507) 269-2620 / 264-3111

Fax:

NA

Legal Form:

Limited Company

Email:

NA

Registered in:

BRITISH VIRGIN ISLANDS

Website:

www.alcogal.com

Contact:

ALEMAN, CORDERO, GALINDO & LEE

Staff:

0

Activity:

This is an International Business Company (IBC)

 

 

BANKS

BRITISH VIRGIN ISLANDS Bank

 

 

This information was not verified by the registered agent. 

HISTORY

 

 

The company was founded in 1993.

 

PRINCIPAL ACTIVITY

 

 

 

PHARMACEUTICALS INTERNATIONAL LTD is an International Business Company incorporated in BRITISH VIRGIN ISLANDS for tax purposes.

The company uses the registrant address but does not carry any operation in the country.

It is not registered in BRITISH VIRGIN ISLANDS as being a local business company.

It is not listed with the BRITISH VIRGIN ISLANDS commercial pages.

Products/Services description:

NA

Sales are:

NA

Clients:

NA

Brands:

NA

Suppliers:

NA

Operations area:

NA

The subject employs

The company does not have any employee in BRITISH VIRGIN ISLANDS.

Payments:

Unknown

 

 

 

 

LOCATION

 

Headquarters :

The company does not operate in the country. It would use its address for tax purposes.

Branches:

NA

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Authorized Capital:

NA

Shareholders %:

The company is owned by foreign shareholders. Shareholders information is not public. 

Management:

ALEMAN, CORDERO, GALINDO & LEE

5th Floor, Ritter House,

Wickhams Cay II,

PO Box 3175, Road Town,

Tortola, British Virgin Islands.

 

 

FINANCIAL INFORMATION

 

 

This is a private company which does not make its financial statements public.

 

 

LEGAL FILINGS

 

 

There are no adverse records registered for this company.

 

 

 

SUMMARY

 

This is an International Business Company which belongs to a company located in BRITISH VIRGIN ISLANDS.

 

It is registered in BRITISH VIRGIN ISLANDS for tax purposes and does not operate within the country. It is managed by a resident registration agent.

 

 

RISK INFORMATION

 

 

 

DEBTS

Controlled

PAYMENTS

Unknown

CASH FLOW

Normal

STATUS

ACTIVE

 

 

INTERVIEW

 

NAME

NA

POSITION

Agent

COMMENTS

The person contacted refused to confirm information about this company.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.03

UK Pound

1

INR 90.40

Euro

1

INR 79.73

USD

1

INR 64.14

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

KET

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.