MIRA
INFORM REPORT
|
Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAMPERY DEVELOPMENT LTD. |
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Registered Office : |
Flat 2-3, 4/F., Join-In Hang Sing Centre, 2-16 Kwai Fung
Crescent, Kwai Chung, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.06.1989 |
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Com. Reg. No.: |
13177276 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specialized in All kinds of Coffee Bean, Instant Coffee, Tea and
Coffee Brewery Equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
KAMPERY DEVELOPMENT
LTD.
ADDRESS
Flat 2-3, 4/F., Join-In Hang Sing Centre, 2-16 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.
PHONE: 2420 2472
FAX: 2489 8705
E-MAIL: info@kampery.com.hk
MANAGEMENT
Chairman & Managing Director: Mr. Wong Ka Wo, Simon
SUMMARY
Incorporated on: 27th June, 1989.
Organization: Private Limited Company.
Capital: Nominal: HK$9,000,000.00
Issued: HK$8,700,000.00
Business Category: Equipment Leasing and Supplying.
Employees: 50. (Office staff in Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
ADDRESS
Registered Head
Office:-
Flat 2-3, 4/F., Join-In Hang Sing Centre, 2-16 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.
Sub-office:-
13/F., Vulcan House, 21-23 Leighton Road, Causeway Bay, Hong Kong.
[Tel: 2591 9882; Fax: 2591 9278]
Warehouse:-
Flat C, D, F & G, 4/F., Block 2, Wah Fung Industrial Centre, 33-39 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.
[Tel: 2439 5101]
China Offices:-
Beijing Office – Kampery
Room B, 18/F., Block A, Oriental
Kenzo Mall, 48 Dongzhimen Wai Dajie, Dongcheng District, Beijing, China.
Tel: (86-10) 8454 9245, 8454 9289
Fax: (86-10) 8454 9245 ext. 805
E-mail: beijing@kampery.com.hk
Postal Code: 100027
Shanghai Office – Mocaroma
Room 601, 6/F., No. 5 City
Industrial Garden, 610 Hang Fung Road, Shanghai, China.
Tel: (86-21) 5101 3510
Fax: (86-21) 5101 3511
E-mail: shanghai@kampery.com.hk
Postal Code: 200070
Guangzhou Office – Mocaroma
Tel: (86-20) 3882 0629
Fax: (86-20) 3882 0612
E-mail: guangzhou@kampery.com.hk
Postal Code: 510620
Shenzhen Office – Kampery
Room 3328, 33/F., International
Trade Building, Remmin South Road, Luohu District, Shenzhen, China.
Tel: (86-755) 8221 1386
Fax: (86-755) 8221 1373
E-mail: shenzhen@kampery.com.hk
Postal Code: 518001
Foshan Office – Kampery
Xizhi Development Zone, He Chuan
Administrative District, Lishui Town, Nanhai City, Guangdong Province, China.
Tel: (86-757) 8566 7444, 8561 0008
Fax: (86-757) 8568 7676
E-mail: foshan@kampery.com.hk
Postal Code: 528244
Dongguan Office
Tel: (86-769) 2814 897, 6226 468
Fax: (86-769) 2814 413
E-mail: dgsale@163.com
Postal Code: 52308
Canada Offices:-
Toronto Office – Kampery
200 Silver Star Blvd., Unit #328, Scarborough, Ontario MIV 5H4, Canada.
Tel: (416) 298 6828
Fax: (416) 298 1995
Vancouver Office – Mocaroma
1105-3700 No. 3 Road, Richmond, British Columbia V6X 3X2, Canada.
Tel: (604) 278 3990
Fax: (604) 272 0184
E-mail: mocaroma@sprint.ca
Subsidiary/Affiliated
Companies:-
Kampery Group of
Companies
B.Y.O.C. Coffee Chateau Ltd., Hong Kong. [Dissolved]
Beijing Holiway Co. Ltd., China.
Coffee Chateau Ltd., Hong Kong.
Dai Pai Dong Food Co. Ltd., Hong Kong. [Deregistration]
Dai Pai Dong Retail Shops Co. Ltd., Hong Kong.
Foshan Hokkaido Foodstuffs Co. Ltd., China.
Foshan Pokent Foodstuff Co. Ltd., China.
Greendotdot International Health Food Ltd., Hong Kong. [Dissolved]
Greendotdot.com Ltd., Hong Kong.
Heshan Zhongxing Laminated Packaging Ltd., China.
Kampery (Foshan) Food Industries, China.
Kampery (Shanghai) Coffee & Food Ltd., China.
Kampery Development Canada Ltd., Canada.
Kampery F & B Services Ltd., Hong Kong.
Mocaroma (Canada) Ltd., Canada.
Mocaroma (Guangzhou) Ltd., China.
Organic Garden Biotechnology Ltd., Hong Kong.
Organic Gardens International Ltd., Hong Kong.
Task Wing Enterprises Ltd., Hong Kong.
etc.
BUSINESS REGISTRATION NUMBER
13177276
COMPANY FILE NUMBER
256318
MANAGEMENT
Chairman & Managing Director: Mr. Wong Ka Wo, Simon
CAPITAL
Nominal Share Capital: HK$9,000,000.00 (Divided into 9,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$8,700,000.00
SHAREHOLDERS
(As per registry
dated 27-06-2008)
|
Name |
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No. of shares |
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WONG Ka Wo |
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5,700,001 |
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Frontseat Enterprises Ltd. Sea Meadow House, Blackburne Highway, P.O. Box 116, Road Town, Tortola, British Virgin Islands. |
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2,999,999 |
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–––––––– |
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Total: |
8,700,000 ======= |
DIRECTORS
(As per registry
dated 27-06-2008)
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Name (Nationality) |
Address |
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CHEUK Fung Ting |
Flat 2-3, 4/F., Join-In Hang Sing Centre, 2-16 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong. |
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WONG Ka Wo (Canadian) |
1/F., Repulse Bay Gardens, 36 Belleview Drive, Repulse Bay, Hong Kong. |
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Howard Ken WONG |
1/F., Repulse Bay Gardens, 36 Belleview Drive, Repulse Bay, Hong Kong. |
SECRETARY
(As per registry
dated 27-06-2008)
|
Name |
Address |
Co. No. |
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Top Action Consultants Ltd. |
204, 2/F., Wai Wah Commercial Centre, 6 Wilmer Street, Sheung Wan, Hong Kong. |
774374 |
HISTORY
The subject was incorporated on 27th June, 1989 as a private limited liability company under the Hong Kong Companies Ordinance. Re-organized in October 1993. Since then, the subject has become a family business of Mr. Simon Wong Ka Wo.
The subject’s office was formerly located at Flat C, D, F & G, 4/F., Block 2, Wah Fung Industrial Centre, 33-39 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong, moved to Flat 2-3, 4/F., Join-In Hang Sing Centre, 2-16 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong in August 2001. The former address at Wah Fung Industrial Centre remains as the warehouse.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Trader, Supplier and Equipment Leasing to Convenience Stores; Investment Holding.
Lines: All kinds of coffee bean, instant coffee, tea and coffee brewery equipment.
Employees: 50. (Office staff in Hong Kong)
Commodities Imported:-
Green coffee beans – US, Brazil, Colombia, Jamaica, Guatamala, Honduras, Mexico, Kenya, Vietnam, etc.
Tea – Sri Lanka and China.
Coffee machines – Italy, Germany, Switzerland, etc.
Markets: Hong Kong and China.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C or 30 days credit.
MAIN US SUPPLIERS
Bloomfield, US. [Coffee and tea]
Boyd Coffee Co., US. [Coffee and tea]
Grindmaster Corporation, US. [Coffee and tea]
H D Sheldon & Co. Inc., US. [Catering equipment and scale]
Wilbur Curtis Co. Inc., US. [Coffee and tea]
Worldnet Foodservice Ltd., US. [Coffee and tea]
MAIN CUSTOMERS
Hong Kong Jockey Club, Hong Kong.
McDonald’s China, China.
PARKnSHOP
Supermarkets, Hong Kong.
Windows-on-the-World Restaurants
MEMBERSHIP
Hong Kong Brand Development Council Co. Ltd., Hong Kong.
The Chinese Manufacturers’ Association of Hong Kong, Hong Kong.
FINANCIAL INFORMATION
Nominal Share Capital: HK$9,000,000.00 (Divided into 9,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$8,700,000.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 2.00 |
|
15-07-1997 |
paid up |
HK$ 2,999,998.00 |
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29-10-1997 |
paid up |
HK$ 3,000,000.00 |
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Dec. 1998 |
paid up |
HK$ 2,700,000.00 |
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––––––––––––––– |
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Total: |
paid up |
HK$ 8,700,000.00 ============== |
Increases of Nominal Capital:-
|
From |
HK$ 10,000.00 |
to |
HK$3,000,000.00 |
on |
15-07-1997 |
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From |
HK$3,000,000.00 |
to |
HK$6,000,000.00 |
on |
29-10-1997 |
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From |
HK$6,000,000.00 |
to |
HK$9,000,000.00 |
in |
Dec. 1998 |
Mortgage or Charge: (See attachment)
Profit & Loss: Traded at a profitable angle.
Condition: Keeping in an active and satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Good.
Bankers:-
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Calyon, Hong Kong Branch.
Hang Seng Bank Ltd., Hong Kong.
The Bank of East Asia Ltd., Hong Kong.
GE Commercial Finance (Hong Kong) Ltd., Hong Kong.
Standing: Normal.
GENERAL
Kampery Development Ltd. [Kampery] is a member of the Kampery Group which is owned by Mr. Simon Wong Ka Wo who is a Hong Kong merchant. The Kampery Group is specialized in coffee roasting, coffee trading, tea bag manufacturing, black tea and China tea trading, foodstuffs and beverages trading, coffee machines and equipment trading, and servicing, as well as food retailing. Its mission is to develop the coffee and tea culture for the food industry in Hong Kong and China.
The Kampery Group includes the following companies:-
Coffee Chateau Ltd., Hong Kong. [Operating coffee shops under the names of “Coffee Chateau” and “EURO Cafe”.]
Dai Pai Dong Retail Shops Co. Ltd., Hong Kong. [Operator of a chain of “Dai Pai Dong” restaurants, and manages the “Kin Yat Kitchen” restaurants.]
Kampery (Shanghai) Coffee
& Food Ltd., China.
[Trading of coffee and food in China]
Kampery Development Ltd.,
Hong Kong.
[Trading of coffee bean and leasing of coffee machines]
Kampery F & B Services Ltd., Hong Kong.
Mocaroma (Canada) Ltd.,
Canada.
[Investment in Canada are located in Toronto and Vancouver]
Mocaroma (Guangzhou)
Ltd., China.
[A processing plant for coffee and tea in Guangzhou, China.]
Organic Garden Biotechnology Ltd., Hong Kong. [Investment holding]
Organic Gardens International Ltd., Hong Kong. [Incorporated in March 1999. Organic Gardens specializes in the sale of agriculture of organic food products including vegetables, honey, rice, beans, etc. Located in Sheung Shui, New Territories, Hong Kong, the total area of the farm is approximately 500,000 sq.ft. It is the largest organic farm in Hong Kong. It operates some retail outlets in Hong Kong.]
Task Wing Enterprises Ltd., Hong Kong. [Property investment]
etc.
Kampery is specialized in importing and exporting high quality coffee machines from around the world for industrial use, commercial use, or residential use. The coffee machines are imported from Italy, Germany, Switzerland, etc. which are renowned for their coffee making.
Formerly Kampery was a member of Tsit Wing Coffee Group which provides coffee bean and coffee brewery equipment to 7-Eleven chain stores. Spun off from Tsit Wing Coffee Group on 16th August, 1993 as the owner Mr. Wong Ka Wo sold all his interests in Tsit Wing to another partner, Mr. Wong Tak Tong.
When Kampery is fully under the management of Mr. Wong Ka Wo, it started to penetrate in the China market. The following years saw the establishment of numerous companies so that the Kampery Group has taken shape.
Kampery and Organic Garden Biotechnology Ltd. have offices in Hong Kong, China and Canada. The Group, at present, has established five major sales offices in China (Beijing, Shanghai, Shenzhen, Foshan, Dongguan and Guangzhou) and two in Canada (Toronto and Canada).
In Hong Kong, the Group has set up a sub-office located at 13/F., Vulcan House, 21-23 Leighton Road, Causeway Bay, Hong Kong.
In addition to products concerning coffee and tea, the Group also offers cold and hot drink dispensers, potato chips, coconut milk, evaporated full cream milk, evaporated filled milk, etc. Apart from its own brands “Dai Pai Dong”, “Coffee Chateau” and “Kampery”, the Group can provide private labelling services for food institutions. The products are sold to supermarkets, hotels, restaurants and all food institutions.
The Guangzhou subsidiary, Mocaroma (Guangzhou) Ltd., is equipped with a production plant for the roasting and blending of various premium grade coffee beans. Besides different types of coffee beans, black tea, China tea, and other food items such as evaporated milk, coconut cream, filled milk are traded. With hard efforts invested in years, Mocaroma (Guangzhou) Ltd., together with Kampery, has become the largest coffee machine trader in China.
In China, over 10 distributors have been appointed in various cities and regions for the boosting of sales activities and distribution. For example, Chengdu, Hanzhou, Wuhan, Harbin, Dalian, Guilin, Shenyang, Nanjing, Chongqing, Zhuhai, etc.
Recently, the Group has invested interests in the following China companies:-
Beijing Holiway Co. Ltd. [Trading in Beijing region]
Foshan Hokkaido Foodstuffs Co. Ltd. [Potato chips manufacturing]
Foshan Pokent Foodstuff Co. Ltd. [Dried food packaging]
Heshan Zhongxing Laminated Packaging Ltd. [Packaging printing]
Franchise Program is available for all of its retail outlets including “Dai Pai Dong” and “Coffee Chateau”. In the past years, the Group has already opened 13 Dai Pai Dong Restaurants including a newly opened Tseung Kwan O Shop in June 2003.
EURO Cafe is a concept cafe created by the Coffee Chateau. It is located at the Airport Express inside Hong Kong Station. EURO Cafe is a coffee shop and an art gallery. At EURO Cafe, art pieces produced by various artists are displayed for customers to appreciate. From time to time, art exhibitions are also held for viewing. Customers can enjoy a cup of EURO Cafe’s fine coffee while absorbing the art surrounding them. EURO Cafe will also open a second shop at the Airport Express in Kowloon Station.
The Kampery Group has acquired “Kin Yat Kitchen”, a chain restaurant of “Lee Kam Kee Group” on 1st January, 2001. Dai Pai Dong Retail Shops Ltd. has now been responsible for managing the operation of “Kin Yat Kitchen”.
In September 1998, Kampery has received the HKMA/TVB Marketing Award for the entry of “Dai Pai Dong – Passion of Hong Kong”. In 2001, “Dai Pai Dong” renowned The Top Ten Brand. Kampery is the first company in the world to introduce Yuan Yang (coffee and tea mix) prepacked products, including: “Yuan Yang Filter Bags” and “3 in 1 Yuan Yang Sachets” (coffee + tea + sugar + cream). Now, Kampery is the largest coffee machine trader and the supplier of the most variety of brands in coffee machines in Hong Kong and China . 90% of food outlets in the Hong Kong International Airport (Chek Lap Kok Airport) uses Kampery’s coffee machines and coffee related products.
Having a history of over 19 years in Hong Kong, the subject is fully supported by Mr. Wong Ka Wo.
On the whole, considered it good for normal business engagements.
REMARKS
Court Cases: None per our.
Property information of director and associate:-
1. Property Location: Flat
C on 3/F. including its immediate Roof, Full View Court,
7-9 Happy View Terrace, Hong Kong.
Owner: Wong Ling Yee, Teresa 1/3, Wong Ying Yee,
Kathy 1/3 &
Wong Ka Wo, Simon 1/3
Date of Purchase: 02-04-1997
Purchased Price: HK$4,500,000 pt.
Incumbrances: No mortgage record registered against the property.
2. Property Location: Block 3 (No. 36 Belleview Drive) on 1/F. and Car Port Space No. G148, Repulse Bay Garden, 18-40 Belleview Drive, Hong Kong.
Owner: Wong Ka Wo, Simon & Leung Po Shan
Date of Purchase: 14-10-1989
Purchased Price: HK$3,450,000
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
11-08-1992 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
|
05-10-1995 |
- |
- ditto - |
Deed of variation and further charge to secure general banking facilities granted to City Action Ltd. [the existing borrower] and Kampery Development Ltd. [the additional borrower] |
3. Property Location: Workshop Unit F on 4/F. of Block 2, Wah Fung Industrial Centre, 33-39 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.
Owner: Task Wing Enterprises Ltd.
Date of Purchase: 25-06-1993
Purchased Price: HK$806,000
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
18-04-1994 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
4. Property Location: Workshop Unit G on 4/F. of Block 2, Wah Fung Industrial Centre, 33-39 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.
Owner: Task Wing Enterprises Ltd.
Date of Purchase: 25-06-1993
Purchased Price: HK$806,000
Incumbrances: (Under the same mortgage deed as Property 3)
MORTGAGE OR CHARGE
|
Date |
Particulars |
Amount |
|
29-08-2001 |
Instrument: Deed of Charge on Cash Deposit Property: A cash deposit of HK$1,500,000 under Account No. 132‑30-08778-4 Dep No. 0001 Mortgagee: The Bank of East Asia Ltd., Hong Kong. |
To secure credit facilities or financial accommodation up to a sum in the aggregate principal amount not exceeding HK$35,714,461 granted to Coffee Chateau Ltd., Organic Gardens International Ltd. and Dai Pai Dong Retail Shops Co. Ltd. |
|
15-07-2008 |
Instrument: Security Agreement relating to Receivables Property: 1) A first fixed charge on all the Company’s Account Receivables including all moneys payable thereunder and all rights and claims of the Company in respect of each of the Account Receivables including all such rights and claims against third parties capable of being satisfied by the payment of money including things in action which give rise or may give rise to a debt or the debts and the full benefit of all rights and remedies relating to all of the foregoing; 2) A first fixed charge on the benefit of all negotiable instruments, guarantees, bonds, debentures, legal or equitable charges and all other security, reservation of proprietary rights, rights of tracing, unpaid vendor’s liens and all other rights now or in future available to the Company as security for any of the property and assets charged under paragraph (1) above or for the performance by any third party of any duty or obligation now or in future owed to the Company including all moneys payable thereunder; 3) A first fixed charge on all contracts and policies of insurance and assurance now or in the future held by or otherwise benefitting the Company and relating to the assets charged under paragraphs (1) and (2) above and all rights and interests of the Company in every such contract and policy; and 4) A floating charge on all property and assets of the Company, both present and future, described in paragraphs (1) to (3) above inclusive if and insofar as the charges thereon or on any part thereof contained in the Security Agreement shall for any reason be ineffective as fixed charges Mortgagee: GE Commercial Finance (Hong Kong) Ltd., Hong Kong. [CFHK] |
All money and liabilities now or in the future due, owing or incurred in any manner to CFHK by the Company whether on or after such demand, whether actually or contingently, whether solely or jointly with any other person, whether as principal or surety or in any other capacity and whether or not CFHK was an original party to the relevant transaction; and all commission, fees, charges, costs and expenses which CFHK may in the course of its business charge or incur in respect of the Company or its affairs |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.74.30 |
|
Euro |
1 |
Rs.63.42 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)