|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAVISSANT LTD. |
|
|
|
|
Registered Office : |
Suite 1207-1208, 12/F., Greenfield Tower, Concordia Plaza, 1 Science Museum Road, Tsimshatsui East, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
09.07.1991 |
|
|
|
|
Com. Reg. No.: |
14792110 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Re-exporter of Bicycle and bicycle parts, garments, electrical and electronic products, calculators, electrical appliances, ceiling fans, telephones, furniture, etc. |
|
|
|
|
No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RAVISSANT LTD.
ADDRESS: Suite 1207-1208, 12/F., Greenfield Tower,
Concordia Plaza, 1 Science Museum Road, Tsimshatsui East, Kowloon, Hong Kong.
PHONE: 2721 0036, 2377 0495
FAX: 2311 8979
E-MAIL: ravisant@asiaonline.net
rein@ravissant.com
Managing Director: Mr. Ravi Ram
Panjabi
Incorporated on: 9th
July, 1991.
Organization: Private
Limited Company.
Capital: Nominal: HK$3,250,715.00
Issued: HK$3,250,715.00
Business Category: Importer and Re-exporter.
Annual Turnover: HK$65-70
million.
Employees:
12.
Main Dealing Banker: Wing Lung Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Suite 1207-1208, 12/F., Greenfield Tower, Concordia Plaza, 1 Science
Museum Road, Tsimshatsui East, Kowloon, Hong Kong.
P.O. Box 95532, Tsimshatsui, Kowloon, Hong Kong.
China Office:
Ravissant Ltd. (Ningbo Office)
Ri Yue Xing Cheng, 83 Xing Ning Road, Postal Code 518000, Ningbo City,
Zhejiang Province, China.
[Tel: 574-8783 9103; Fax:
574-8783 9203]
Holding Company:-
Dynamic City Group Ltd., British Virgin Islands.
Associated Company:-
Byron Ltd., Hong Kong.
14792110
0317031
Managing Director: Mr. Ravi Ram
Panjabi
Director & Sales Contact: Mr.
Ram Gangadhardas Panjabi
Nominal Share Capital: HK$3,250,715.00 (Divided into 3,250,715 shares of
HK$1.00 each)
Issued Share Capital: HK$3,250,715.00
(As per registry dated 09-07-2012)
|
Name |
|
No. of shares |
|
Ram Gangadhardas PANJABI |
|
422,593 |
|
Dynamic City Group Ltd. P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Islands. |
|
2,828,122 |
|
|
|
–––––––– |
|
|
Total: |
3,250,715 ======= |
(As per registry dated 09-07-2012)
|
Name (Nationality) |
Address |
|
Veena Ram PANJABI |
Suite 1207-1208, 12/F., Greenfield Tower, Concordia Plaza, 1 Science
Museum Road, Tsimshatsui East, Kowloon, Hong Kong. |
|
Ram Gangadhardas PANJABI |
Suite 1207-1208, 12/F., Greenfield Tower, Concordia Plaza, 1 Science
Museum Road, Tsimshatsui East, Kowloon, Hong Kong. |
|
Ravi Ram PANJABI |
Suite 1207-1208, 12/F., Greenfield Tower, Concordia Plaza, 1 Science
Museum Road, Tsimshatsui East, Kowloon, Hong Kong. |
Veena Ram PANJABI (As per
registry dated 09-07-2012)
The subject was incorporated on 9th July, 1991 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Suite A-5, 5/F., Hankow Centre, 41‑51 Peking
Road, Tsimshatsui, Kowloon, Hong Kong, moved to Suite 505, 5/F., Silvercord,
Tower 1, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong August 2000; and
further moved to the present address in recent years.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Re-exporter.
Lines: Bicycle
and bicycle parts, garments, electrical and electronic products, calculators,
electrical appliances, ceiling fans, telephones, furniture, etc.
Employees: 12.
Commodities Imported: Mainly imported from Europe, Japan, China, etc.
Markets: USA,
Central America, South America, Europe, Middle East, India, Pakistan, Southeast
Asia, etc.
Annual Turnover: HK$65-70 million.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
D/P and D/A.
Nominal Share Capital: HK$3,250,715.00 (Divided into 3,250,715 shares
of HK$1.00 each)
Issued Share Capital: HK$3,250,715.00
Indebtedness: HK$11,008,752.18 (Total amount outstanding on all mortgages
and charges as per last Annual Return dated 09-07-2012)
Mortgage or Charge (since 2008): (See attachment)
Profit or Loss: Traded at a small profitable angle.
Condition: Keeping
in a good state.
Facilities: Making
active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
Wing Lung Bank Ltd., Hong Kong.
Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong.
CITIC Ka Wah Bank Ltd., Hong Kong.
Bank of Baroda, Hong Kong.
Standing:
Normal.
Ravissant Ltd. is a private limited company owned by the members of an
Indian family, the Panjabis.
The subject is a subsidiary company of Dynamic City Group Ltd. which is
a BVI-registered firm.
The subject is a trading firm dealing in the following commodities:
bicycles and bicycle parts, garments, electronic games, electric appliances and
electronic products, lamps, lighting products, calculators, electrical
products, ceiling fans, telephones, furniture, TVs, DVDs, VCDs, cassette
players, telephones, emergency lanterns, batteries, computer accessories,
information and technology products, gasoline engines, gifts, utensils, kitchen
ware, table ware, sports and tourism leisure products, toys, hardware, luggage,
glasses, watches, CNC controllers, etc.
Commodities are imported from Europe, Japan, China or acquired
locally. However, most of its
commodities are chiefly sourced from China.
The subject has set up an office in Ningbo City, Zhejiang Province,
China. The contact person is Mr.
Sulaiman. The Ningbo Office is
responsible for sourcing commodities for the subject.
The subject’s re-exported markets are the United States, Central
America, South America, Europe, the Middle East, India, Pakistan, Southeast
Asia, etc. Business has been
satisfactory.
The subject has got an associated company Byron Ltd. located at the same
operating address.
To our knowledge, the Panjabis have been in Hong Kong for a very long
time and have developed long terms business ties with a number of suppliers and
foreign buyers. Annual sales turnover
ranges from HK$65 to 70 million.
Business is rather profitable.
On the whole, having a history of more than twenty-one years in Hong
Kong, the subject is considered good for normal business engagements.
Property information of
the company:-
1. Property Location: Apartment A on 13/F. of Block 2 and
Car Park Nos. U56 & U56A under Block 1 & 2, World-Wide Gardens, 2 Lung
Pak Street, Shatin, New Territories, Hong Kong.
Owner: Ravissant Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
11-07-2008 |
- |
Wing Lung Bank Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
2. Property Location: Apartment B on 13/F. of Block 2 and
Car Park Nos. U79 & U79A under Block 1 & 2, World-Wide Gardens, 2 Lung
Pak Street, Shatin, New Territories, Hong Kong.
Owner: Ravissant Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
11-07-2008 |
- |
Wing Lung Bank Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
(Since 2008)
|
Date |
Particulars |
Amount |
|
27-02-2008 |
Instrument: Charge Over Deposits – CD 2 (06) Property: 1) By fixed Charge: all the Company’s rights in respect of (i) Time
Deposits of HK$1,000,000 deposited by the Company; and (ii) all other sums in
any currency from time to time standing to the credit of the Company or the
credit of any other person for the Company’s benefit whether alone or jointly
with others, on any deposit account with the Bank or any other SCB Group
Company including additions to or renewals or replacements of such sum; and
all interest from time to time accruing or payable on the sums specified in
(i) and (ii) above; 2) By assignment: all Deposits held with any SCB Group
Company Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
To secure the payment or discharge of all moneys, obligations and
liabilities, whether actual or contingent at the date of the Charge or at any
time after the date thereof, due, owing or incurred by the Company and/or
Byron Ltd. to the Bank |
|
19-04-2011 |
Instrument: Memorandum Property: No. of Receipts Date of
Issue Amount Due Date 91220300001086 30-03-2011 US$301,263.16 30-06-2011 Mortgagee: Bank of Baroda, Hong Kong. |
Loan or credit or other facilities |
|
19-10-2011 |
Instrument: Legal Charge/Mortgage Property: 64/10,000th parts or shares of and in The Remaining Portion of Lot No.
856 in Demarcation District No. 182 (Apartment A on 13/F. of Block 2 and Car
Parks Nos. U79 & U79A under Block 1 & 2 and Apartment B on 13/F. of
Block 2 and Car Park No. U56 & U56A under Block 1 & 2 of World-Wide Gardens,
2 Lung Pak Street, Shatin, New Territories, Hong Kong.) Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
To secure all moneys in respect of general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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 |
|
-- |
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.