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Report Date : |
21.09.2012 |
IDENTIFICATION DETAILS
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Name : |
ESSTEL PTE. LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.08.2011 |
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Com. Reg. No.: |
201120050G |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
International Calling Card (ICC) Services |
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No. of Employees : |
Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Yet to Commence Business Activities |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Singapore |
A1 |
A1 |
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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 |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly
developed and successful free-market economy. It enjoys a remarkably open and
corruption-free environment, stable prices, and a per capita GDP higher than
that of most developed countries. The economy depends heavily on exports, particularly
in consumer electronics, information technology products, pharmaceuticals, and
on a growing financial services sector. Real GDP growth averaged 8.6% between
2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global
financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength
of renewed exports. Over the longer term, the government hopes to establish a
new growth path that focuses on raising productivity, which has sunk to a
compound annual growth rate of just 1.8% in the last decade. Singapore has
attracted major investments in pharmaceuticals and medical technology
production and will continue efforts to establish Singapore as Southeast Asia's
financial and high-tech hub.
Source
: CIA
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Company Name: |
Esstel Pte. Ltd. |
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Supplied Name: |
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Supplied
Address: |
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Notes: Subject’s
exact name and address are as above.
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Credit Opinion: |
It is introduced that subject have not started its operation, yet, thus
we did not give the credit rating at this stage |
We tried to
contact subject according to the supplied number +65-9825-5990, the staff who
picked up the phone confirmed subject’s name, address and contact and
introduced that subject has not started the operation, thus it has no detailed
items for sales at present.
We found subject’s
registration information from local registry, supplying as follows for
reference.
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
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Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 65,000 (USD
52,364) (As of 2012.09,
1 SGD = 0.8056 USD) |
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Paid-up Capital: |
SGD 65,000 (USD
52,364) = 65,000 Shares@1 SGD |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
47411--International
Calling Card (ICC) Services |
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N/A |
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Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
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Date of Last
Annual Return: |
-- |
Notes: The staff number
is not available from subject or other sources.
Subject was
incorporated on
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Subscription
Amount |
Proportion of
Investment (%) |
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Challagonda Rajashekar Reddy |
21,450 |
33% |
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Mididoddi Rama Krishna |
21,450 |
33% |
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Jonnada Venkat Mallikarjuna Madhu |
22,100 |
34% |
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Total |
65,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Challagonda Rajashekar Reddy |
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ID Number: |
E6715604 |
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Address: |
Hno 4-1/1, Buddhangar Colony Uppal Depot R R Indian
Dist Hyberabad Ap |
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2 |
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Name: |
Mididoddi Rama Krishna |
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ID Number: |
G9913698 |
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Address: |
H.No.12-101 Adarsh Nagar Opp.I D P L Colony
Balanagar Hyberabad Ap 500037 |
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3 |
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Name: |
Jonnada Venkat Mallikarjuna Madhu |
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ID Number: |
S7260578J |
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Address: |
169 Stirling Road #09-1151 Singapore 140169 |
Subject does not
have any subsidiaries or branches
Detailed
Information of Management:
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1 |
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Name: |
Challagonda Rajashekar Reddy |
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Position: |
Director |
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ID Number: |
E6715604 |
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Address: |
Hno 4-1/1, Buddhangar Colony Uppal Depot R R Dist
Hyberabad Ap |
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Nationality: |
Indian |
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Date of Appointment: |
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2 |
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Name: |
Mididoddi Rama Krishna |
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Position: |
Director |
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ID Number: |
G9913698 |
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Address: |
H.No.12-101 Adarsh Nagar Opp.I D P L Colony
Balanagar Hyberabad Ap 500037 |
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Nationality: |
Indian |
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Date of Appointment: |
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3 |
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Name: |
Lim Horng Ling |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
178 Paya Lebar Road #05-01 Paya Lebar 178
Singapore 409030 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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4 |
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Name: |
Jonnada Venkat Mallikarjuna Madhu |
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Position: |
Director |
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ID Number: |
S7260578J |
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Address: |
169 Stirling Road #09-1151 Singapore 140169 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Offices
& Factories
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Office |
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Address: |
Operation
Information
Subject has not
started business, thus we can not confirm subject’s operation details.
Information on settlement
is not available from subject or other sources.
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. Since subject is newly set
up, we did not find any financials of subject from the local registry, the
subject also declined to disclose such information due to the confidentiality
reason.
Information on
bank details is not available from subject or other sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
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|
1 |
Rs.87.91 |
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Euro |
1 |
Rs.70.57 |
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.