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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
EXELON GLOBAL VENTURE LTD. |
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Registered Office : |
C/o Cbest Solutions Ltd. Suit 705, 7/F., |
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Country : |
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Date of Incorporation : |
25.10.2011 |
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Com. Reg. No.: |
59097139 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Products for communications, engineering and energy, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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) |
|
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 |
EXELON GLOBAL
VENTURE LTD.
Address: c/o Cbest
Solutions Ltd.
Suit 705,
7/F., Empress Plaza,
17-19
Chatham Road South,
Tsimshatsui,
Kowloon,
Hong Kong.
[Formerly located at:
Block A, 15/F., Hillier Commercial Building,
65-67 Bonham Strand East, Sheung Wan,
Hong Kong.]
PHONE: 3904 2462
FAX: 3904 2461
Managing Director: Mr. Ravindra
Rangnath Deshpande
Incorporated on: 25th October, 2011.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
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 Cbest Solutions Ltd.
Suit 705, 7/F., Empress Plaza, 17-19 Chatham Road South, Tsimshatsui,
Kowloon, Hong Kong.
Associated Company:-
Exelon Infrastructure Ltd., India.
59097139
1674485
Managing Director: Mr. Ravindra
Rangnath Deshpande
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 25-10-2011)
|
Name |
|
No. of shares |
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Ravindra Rangnath DESHPANDE |
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5,000 |
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Ameer Basha SHAIK |
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5,000 |
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––––– |
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Total: |
10,000 ===== |
(As per registry dated 18-04-2012)
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Name (Nationality) |
Address |
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Ravindra Rangnath DESHPANDE |
#3-6-154, Victory Vision, 5/F., Himayat Nagar, Hyderabad, India - 500
029, India. |
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Ameer Basha SHAIK |
#3-6-154, Victory Vision, 5/F., Himayat Nagar, Hyderabad, India - 500
029, India. |
(As per registry dated 18-04-2012)
|
Name |
Address |
Co. No. |
|
Cbest Solutions Ltd. |
Suite 705, 7/F., Empress Plaza, 17-19 Chatham Road South, Tsimshatsui,
Hong Kong. |
1295959 |
The subject was incorporated on 12th November, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Block A, 15/F., Hillier Commercial
Building, 65-67 Bonham Strand East, Sheung Wan, Hong Kong, moved to the present
address with effect from 18th April, 2012.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Products
for communications, engineering and energy, etc.
Employees: Nil.
Commodities Imported: Europe, advanced countries, etc.
Markets: India,
other Asian countries, Middle East, etc.
Annual Turnover: Not reported.
Terms/Sales: As per
contracted.
Terms/Buying: Various
terms.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business
is under development.
Facilities: Making
fairly active use of general banking facilities.
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, Exelon Global
Venture Ltd. is equally owned by Mr. Ravindra Rangnath Deshpande and
Mr. Ameer Basha Shaik, both of whom are Indian. The latter is a Hong Kong ID holder and has
got the right to reside in Hong Kong permanently. The two shareholders are also the directors
of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Suite 705, 7/F., Empress Plaza, 17-19 Chatham Road
South, Tsimshatsui, Kowloon, Hong Kong’ known as ‘Cbest Solutions 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.
To our knowledge, the subject has had an associated company Exelon
Infrastructure Ltd. [Exelon] which is in India.
The two shareholders of the subject are also the directors of Exelon.
Exelon is one of the largest business conglomerates engaged in the
businesses of Communications, Engineering, Energy, etc. Its main objective is to develop power
projects and accordingly it has envisaged to develop a 350MW natural gas based
combined cycle power plant along with all requisite auxiliaries and utility
facilities.
Exelon has been successfully developing and operating infrastructure
projects for 15 years.
Exelon has been awarded a contract in designing, engineering,
manufacturing, supplying, fabricating, erection, testing and commissioning of a
power project in Abu, Dhabi, the United Arab Emirates. The value of the contract will be worth of
US$30 million.
It is likely that Exelon deals with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong.
The subject’s 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
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.