INIT SERVICE
Singapore
22 November 2021
53442919W
SGD
Business Description
INIT SERVICE is registered as a business entity on 22 November 2021 (3.4 years ago) structured as a Sole Proprietor with 1 officer(s) in-charge. The business jurisdiction is overseen by the Accounting and Corporate Regulatory Authority (ACRA), a government agency from Singapore with the given Business Registration Number / Unique Entity Number (UEN) 53442919W. The business official address is located at 3 Paya Lebar Crescent #04-23, Tangerine Grove, Singapore 534239 with main trading activity as Application Development in the primary industry of 62011: Development Of Software And Applications (except Games And Cybersecurity) using Singapore Dollars - SGD as its default trading currency. The business name remains unchanged since inception. The business annual account filing date falls on 22 November and is currently operational with the status of 'Live'.
In the past 365 days, INIT SERVICE has received a total of Login to view reported payment review(s). 19 were rated Good and Login to view were rated Poor. The latest review was made on 2023-06-25 and it was reported "Good". The aggregated good payment amount is equivalent to USD 3,116, and aggregated poor payment amount is equivalent to USD Login to view. Its current payment rating of "A" suggest a healthy payment culture where settlement with stakeholders is always prioritised. Since the business is currently active, it also signals positive financial standing. The lack of an appointed auditor indicates that the business is small sized as it did not meet the regulatory requirements of revenue or assets exceeding SGD 10 million, or has more than 50 employees in the previous two fiscal years.
INIT SERVICE is not yet a Prompt Payment Initiative Signatory.
Last updated on 30 April 2023
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Poor Payment Sum
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Poor Payment Count
USD 3,116
Good Payment Sum
19
Good Payment Count
2023-06-25
Latest Report Date
Good
Latest Report Rating
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Legal Name
INIT SERVICE
Registered Business Number / UEN
53442919W
Postal Address
3 PAYA LEBAR CRESCENT #04-23, TANGERINE GROVE, SINGAPORE 534239
Officially Founded
22 NOVEMBER 2021
Base Currency
SINGAPORE DOLLARS (SGD)
Entity Structure
SOLE PROPRIETOR
Industry Classification
62011 - DEVELOPMENT OF SOFTWARE AND APPLICATIONS (EXCEPT GAMES AND CYBERSECURITY)
63112 - HOSTING SERVICES BY NON-DATA CENTRES
Jurisdiction
SINGAPORE
Governing Agency
ACCOUNTING AND CORPORATE REGULATORY AUTHORITY (ACRA)
Formerly Known as
-Prompt Payment Initiative
NON-SIGNATORY
Business Legitimacy
VERIFIED
Business Status
Live
Frequently Asked
What is the legal name and registration number of INIT SERVICE? Is it still in business?
"INIT SERVICE" is the legal full name of the business with the registered number 53442919W. It is still active and opertional as a business.
How do I find out the credit profile and payment rating of INIT SERVICE?
The credit profile of INIT SERVICE is assessed with the payment rating of "A", find out more.
When did INIT SERVICE register as a business?
INIT SERVICE started business on 22 November 2021.
Where is INIT SERVICE located?
The address of INIT SERVICE is 3 PAYA LEBAR CRESCENT #04-23, TANGERINE GROVE, SINGAPORE 534239.
What is the base currency of INIT SERVICE?
The default trading currency of INIT SERVICE is the Singapore Dollars (SGD).
Who is INIT SERVICE governed by?
INIT SERVICE is under the jurisdiction of Singapore, overseen by the Accounting and Corporate Regulatory Authority (ACRA).
Other businesses in Singapore
Important: If you are about to transfer money to this business, do ensure it is made payable to payee's legal name "INIT SERVICE". If you find this business dealing with regulated products, please further check that INIT SERVICE is correctly licenced by the local authority.
Disclaimer: Our data is publicly sourced and we make every reasonable effort to maintain timely and accurate information on this page. However, please note that the information may have changed since it was originally supplied by the business owners, and therefore, we cannot be held liable for any actions placed on it.