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Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
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Name : |
TELSTRA INTERNATIONAL LTD. |
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Registered Office : |
19/F., Telecom House, 3 Gloucester Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.10.2000 |
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Com. Reg. No.: |
31564942 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Telecommunications Service Provider, Carrier and Network Operator |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
TELSTRA INTERNATIONAL
LTD.
ADDRESS: 19/F., Telecom House, 3
Gloucester Road, Wanchai, Hong Kong.
PHONE: 2883 8957
FAX: 2962 5678
Managing Director: Mr. Hon Ming
Chau, Henry
Incorporated on: 9th
October, 2000.
Organization: Private
Limited Company.
Capital: Nominal: HK$1,208,793,000.00 &
US$130,000,000.00
Issued: HK$1,208,783,002.00
& US$119,092,108.00
Business Category: Telecommunications Service Provider, Carrier and Network
Operator.
Group Sales Revenue: A$24,983 million (Year ended 31-12-2011)
Employees:
40.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Head Office:-
19/F., Telecom House, 3 Gloucester Road, Wanchai, Hong Kong.
Holding Company:-
Telstra Global Holdings Ltd., British Virgin Islands.
[Formerly known as Reach Global Holdings Ltd.]
Intermediate Holding Company:-
Telstra Holdings Pty. Ltd., Australia.
Ultimate Holding Company:-
Telstra Corporation Ltd., Australia.
Associated Companies:-
Telstra Group of Companies
Beijing Australia Telecommunications Technical Consulting Services Co.
Ltd., China.
Beijing Cheerbright Technologies Co. Ltd., China.
Beijing Daote Aidi Internet Technology Co., China.
Beijing Huaxin Hezhong Information Technology Co. Ltd., China.
Beijing Liang Dian Shi Jian Technology Co. Ltd., China.
Beijing SouFun Information Consultancy Co. Ltd., China.
Beijing Topside Technologies Co. Ltd., China.
Beijing Wireless Permanence Technology Co. Ltd., China.
Bravo Work Investments Ltd., Hong Kong.
China Index Academy Ltd., Hong Kong.
Haocheng Shidai (Beijing) Advertisement Co. Ltd., China.
LMobile (China) Holdings Ltd., Hong Kong.
Max Impact Investments Ltd., Hong Kong.
Network Design & Construction Ltd., Australia.
Reach Cable Networks Ltd., Hong Kong.
Reach Holdings Ltd., Mauritius.
Reach Networks Hong Kong Ltd., Hong Kong.
Reach Networks Services Korea Ltd., Korea.
Sequel Ltd., Cayman Islands.
Sequel Media Inc., Cayman Islands.
Shengtuo Shidai (Beijing) Information Technology Co. Ltd., China.
SouFun Holdings Ltd., Cayman Islands.
SouFun Media Technology (Beijing) Co. Ltd., China.
SouFun Network Technology (Beijing) Co. Ltd., China.
SouFun.com (Chongqing) Ltd., China.
SouFun.com (Guangzhou) Ltd., China.
SouFun.com (Shanghai) Ltd., China.
SouFun.com (Shenzhen) Ltd., China.
SouFun.com (Tianjin) Ltd., China.
Telstra Asia Holdings Ltd., British Virgin Islands.
Telstra Asia Ltd., British Virgin Islands.
Telstra Global Ltd., UK.
Telstra Holdings (Bermuda) No. 1 Ltd., Bermuda.
Telstra Holdings (Bermuda) No. 2 Ltd., Bermuda.
Telstra Inc., USA.
Telstra India (Private) Ltd., India.
Telstra International HK Ltd., Hong Kong.
Telstra International Holdings Ltd., Bermuda.
Telstra International Holdings No. 2 Ltd., Bermuda.
Telstra Japan Retail KK, Japan.
Telstra New Zealand Holdings Ltd., New Zealand.
Telstra NZ Ltd., New Zealand.
Telstra Sensis (Beijing) Co. Ltd., China.
Telstra Singapore Pte. Ltd., Singapore.
Telstra Technology Services (Hong Kong) Ltd., Hong Kong.
Telstra Telecommunications Private Ltd., India.
Union Tough Advertisement Ltd., Hong Kong.
Zhongzhishizheng Data Technology (Beijing) Co. Ltd., China.
etc.
31564942
0733743
Executive Director: Mr. Philip
James Mottram
Managing Director: Mr. Hon Ming
Chau, Henry
Nominal Share Capital: HK$1,208,793,000.00
& US$130,000,000.00 (Divided into 1,208,793,000 shares of HK$1.00 each and
130,000,000 shares of US$1.00 each)
Issued Share Capital: HK$1,208,783,002.00 & US$119,092,108.00
(As per registry dated 09-10-2011)
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Name |
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No. of shares |
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(HK$) |
(US$) |
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Telstra Global Holdings Ltd. P.O. Box 957, Offshore Incorporation Centre, Road Town, Tortola,
British Virgin Islands. |
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1,208,783,002 ========== |
119,092,108 ========= |
(As per registry dated 09-10-2011)
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Name (Nationality) |
Address |
|
Philip James MOTTRAM |
43/F., One Island East, 18 Westlands Road, Quarry Bay, Hong Kong. |
|
HON Ming Chau, Henry |
Flat B, 13/F., Tower 1, Redhill Peninsula, 18 Pak Pat Shan Road, Tai
Tam, Hong Kong. |
(As per registry dated 09-10-2011)
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Name |
Address |
Co. No. |
|
Haldane Secretaries Ltd. |
7/F., Ruttonjee House, 11 Duddell Street, Central, Hong Kong. |
0372375 |
The subject was incorporated on 9th October, 2000 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Captain Cyber Ltd.,
name changed to Reach Global Services Ltd. on 16th February, 2001, and changed
further to the present style on 26th April, 2011.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities & Lines: Telecommunications Service Provider,
Carrier and Network Operator.
Employees: 40.
Commodities Imported: Imported from Europe, USA, etc.
Business Territories: Hong Kong and overseas countries.
Group Sales Revenue: A$23,673 million (Year ended
31-12-2007)
A$24,657
million (Year ended 31-12-2008)
A$25,371
million (Year ended 31-12-2009)
A$24,813
million (Year ended 31-12-2010)
A$24,983
million (Year ended 31-12-2011)
Terms/Sales:
As per contracted.
Terms/Buying: On
various terms.
Nominal Share Capital: HK$1,208,793,000.00
& US$130,000,000.00 (Divided into 1,208,793,000 shares of HK$1.00 each and
130,000,000 shares of US$1.00 each)
Issued Share Capital: HK$1,208,783,002.00 & US$119,092,108.00
Mortgage or Charge:-
Date of Floating Charge Security Document: 25-04-2003
Amount: All present and future moneys, debts
and liabilities
Property: The Company, as legal and beneficial
owner and as continuing security for the due and punctual payment, discharge and
performance of all liabilities, charges in favour of the Security Trustee by
way of first floating charge its undertaking and all its assets both present
and future
Mortgagee: JPMorgan Chase Bank, Hong Kong
Branch.
[Now known as JPMorgan Chase Bank N.A.]
Group Net Profit: A$3,275 million
(Year ended 31-12-2007)
A$3,711
million (Year ended 31-12-2008)
A$4,076
million (Year ended 31-12-2009)
A$3,940
million (Year ended 31-12-2010)
A$3,250
million (Year ended 31-12-2011)
Profit or Loss: Traded at a profitable angle.
Condition: Keeping
in a normal state.
Facilities: Making
active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Barclays Bank PLC, Hong Kong Branch.
Shanghai Commercial Bank Ltd.,
Hong Kong.
JPMorgan Chase Bank N.A., Hong Kong
Branch.
Standing:
Good.
Telstra International Ltd. is a wholly-owned subsidiary of Telstra Global
Holdings Ltd. which is a BVI-registered firm.
The subject’s ultimate holding company Telstra Corporation Ltd.
[Telstra/Telstra Group] which is an Australia-based firm.
The subject is a division of Telstra, Australia’s leading and largest
telecommunications and information-services-company.
The subject is a leading global supplier of managed network services and
international data, voice and satellite services. It is a division of the leading
Australia-based, tier 1 telecommunications and media services company, Telstra
and owns one of the most technologically advanced IP backbone networks in the
world.
The subject provides global telecommunications services and solutions
and is an expert in bringing the advantages of customer centric managed network
solutions to the business community.
Together with its offshore subsidiaries and international investments,
Telstra serves over 200 of the world’s top 500 companies, spanning Europe, Asia
Pacific and the Americas. The subject is
ideally suited to provide its clients with IT solutions, with its experience
and expertise; security and reliability; trust and financial strength.
Telstra operates award-winning networks which are amongst the largest
and most diverse in Asia Pacific. It has
operating licences and landing rights in most major Asian markets, the United
States and EMEA, facilitating access to over 1,400 PoPs in 230 countries and
territories.
For the fiscal year 2011, sales revenue of the Telstra Group rose 0.7%
to A$24,983 million and total revenue also rose by 0.7% to A$25,093
million. In the second half of the year
sales revenue grew by 1.8% compared to a 0.5% decline in sales revenue in the
first half, evidence of the turnaround in the business. Earnings before interest, tax, depreciation
and amortisation [EBITDA] decreased by 6.4% to A$10,151 million, with EBITDA
margins declining by 3.1 percentage points to 40.6%.
Over the past year, Telstra has recorded a turnaround in operational
results, with strong customer growth, lower churn, a return to EBITDA growth
and higher market share in fixed broadband and mobile.
In fiscal 2012, the new initiatives from Telstra will continue to bear
fruit. The year will see productivity
and other benefits from a continuing simplification of its processes.
For 2012, Telstra expects to return to full year EBITDA growth with low
single digit revenue growth and low single digit EBITDA growth on the back of
strong second half performance in fiscal 2011.
The subject is fully supported by Telstra.
On the whole, consider the subject good for normal business engagements.
Brief personal profile
of the directors:-
Mr. Philip James MOTTRAM is Executive Director of Global Sales for Telstra
International Group based in Hong Kong.
With nearly 20 years experience in the telecommunications industry, he
is responsible for overseeing and driving the subject’s entire managed services
and connectivity portfolio. Prior to
joining the subject, Philip was the Director of Sales for British Telecom’s
Openreach having been with the subject in various senior executive sales
positions over the past nine years.
Philip also held the role of European Sales Director for Sprint and
spent seven years working in sales for AT&T.
Mr. HON Ming Chau, Henry is Chief Financial Officer for Telstra
International Group based in Hong Kong, where he is responsible for financial
planning, reporting and analysis. Henry
has overall responsibility for budgeting and financial management for Telstra
International Group. Prior to Telstra,
Henry was Chief Financial Officer for Direct Marketing, Channels and General
Business at IBM Corporation in Asia Pacific.
Henry has also held the role of Chief Financial Officer at Morrison
Express, a global logistics company.
Henry was Founder and President for business-to-business company, Music
Zone which facilitated the sale and exchange of music over both wireless and
conventional Internet. Henry holds a
Bachelors degree from The State University (New York) and an MSIA from Carnegie
Mellon University.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.35 |
|
|
1 |
Rs.78.68 |
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Euro |
1 |
Rs.65.63 |
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 |
|
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.