MIRA INFORM REPORT
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Report Date : |
12.01.2012 |
IDENTIFICATION DETAILS
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Name : |
LIVINGTON
ENTERPRISES LTD. |
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Registered Office : |
G/F., Kam Man Fung Factory Building, 6 Hong Man Street, Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
31.12.1981 |
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Com. Reg. No.: |
07651377-000 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Wholesaler and Retailer of all kinds of textile products |
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No. of Employees
: |
80. (Including retailing outlets) |
RATING & COMMENTS
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MIRAs 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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name
LIVINGTON ENTERPRISES LTD.
Company ADDRESS
G/F., Kam Man Fung Factory Building, 6 Hong Man Street, Chai Wan, Hong Kong.
PHONE: 2557 9233
FAX: 2515 0806
E-MAIL: admin@rapeeliving.com.hk
MANAGEMENT
Managing Director: Mr. Mok Kwok On, Edward
SUMMARY
Incorporated on: 31st December, 1981.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Wholesaler and Retailer.
Employees: 80. (Including retailing outlets)
Main Dealing Banker: Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
Banking Relation: Good.
Company ADDRESS
Registered Head
Office:-
G/F., Kam Man Fung Factory Building, 6 Hong Man Street, Chai Wan, Hong Kong.
Retailing Shops:-
Rapee Living
G/F., Marina Square (West Wing), South Horizons Drive, South Horizons, Ap Lei Chau, Hong Kong.
[BR No. 7651377-010]
Stanley Plaza, Stanley, Hong Kong.
[BR No. 7651377-012]
Sai Kung Garden, 16 Chan Man Street, Sai Kung, Kowloon, Hong Kong.
[BR No. 7651377-013]
G/F., Kam Man Fung Factory Building, 6 Hong Man Street, Chai Wan, Hong Kong.
[BR No. 7651377-014]
The Westwood, 8 Belchers Street, Hong Kong.
[BR No. 7651377-015]
UG/F., Island Resort Mall, 28 Siu Sai Wan Road, Chai Wan, Hong Kong.
[BR No. 7651377-016]
UG/F., Olympian City, Kowloon, Hong Kong.
[BR No. 7651377-017]
Commercial Unit 1, Citywalk, 1 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong.
[BR No. 7651377-020]
G/F., Manhattan Mid-Town, 1 Po Lun Street, Lai Chi Kok, Kowloon, Hong Kong.
[BR No. 7651377-021]
Level 7, The One, 100 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
[BR No. 7651377-022]
G/F., Tsuen Wing Lau, 32 Lai Tak Tsuen Road, Tai Hang, Hong Kong.
[BR No. 7651377-023]
1/F., Block C, Discovery Bay Plaza, Discovery Bay, Lantau Island, Hong Kong.
[BR No. 7651377-024]
UG/F., Olympian City, The Hermitage, 1 Hoi Wang Road, Mongkok, Kowloon, Hong Kong.
[BR No. 7651377-025]
Rapee-Living Soho
Hollywood Terrace, 123 Hollywood Road, Sheung Wan, Hong Kong.
[BR No. 7651377-018]
Rapee-Living The Peak
Level One, The Peak
Galleria, 118 Peak Road, Hong Kong.
[BR No. 7651377-019]
Affiliated Factories: Guangzhou and Taishan, Guangdong Province, China.
Affiliated Companies:-
· Chewy International (BVI) Ltd., British Virgin Islands.
· Chewy International (China) Foods Co. Ltd., China.
· Chewy International Foods Ltd., Hong Kong
· Choi Wan Chinese Products Co. Ltd., Hong Kong.
· Golden Fame Shipping Ltd., Hong Kong.
· Mok Brothers Transworld Co. Ltd., Hong Kong.
· Stanley Chinese Products Co. Ltd., Hong Kong.
· Tang Tat Paper Products Factory Ltd., Hong Kong. [Dissolved]
· Trans World Textiles (Taiwan) Corporation, Taiwan.
· Young Pearl Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
07651377-000
COMPANY FILE NUMBER
0107300
MANAGEMENT
Managing Director: Mr. Mok Kwok On, Edward
Contact Person: Ms. Priscilla Szeto
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry dated 31-12-2010)
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Name |
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No. of shares |
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MOK Kwok On, Edward |
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5,001 |
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Diana MOK |
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4,999 |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry
dated 31-12-2010)
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Name (Nationality) |
Address |
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MOK Kwok On, Edward |
Room 602, Kent Mansion, 95 Tin Hau Temple Road, North Point, Hong Kong. |
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Diana MOK |
Flat E, 12/F., Block 2, Tempo Court, 4 Braemar Hill Road, Hong Kong. |
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CHIU Kai Ying |
Room 602, Kent Mansion, 95 Tin Hau Temple Road, North Point, Hong Kong. |
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MOK Ming Yee |
Room 804, Kent Mansion, 95 Tin Hau Temple Road, North Point, Hong Kong. |
SECRETARY
(As per registry
dated 31-12-2010)
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Name |
Address |
Co.
No. |
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KCN (Company Secretaries) Ltd. |
Room A-C, 6/F., Fui Nam Building, 48 Connaught Road West, Hong Kong. |
0070915 |
HISTORY
The subject was incorporated on 31st December, 1981 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject moved from Unit B, 1/F., Kam Man Fung Factory Building, 6 Hong Man Street, Chai Wan, Hong Kong to G/F. of the same building with effect from 3rd October, 2001.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Wholesaler and Retailer.
Lines: All kinds of textile products.
Employees: 80. (Including retailing outlets)
Commodities Imported: Australia, Europe, other Asian countries, etc.
Markets: Hong Kong, some Asian countries, etc.
Terms/Sales: COD or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Mortgage or Charge:-
Date of Running Deed of Charge: 01-11-2004
Amount: To secure all monies and liabilities which are now or at any time hereafter may be outstanding
owing or payable by the Company to Hang Seng Bank Ltd.
Property: All monies and deposits now or hereafter in the time deposit account No. 388-779712 kept by the Company with Hang Seng Bank Ltd.
Mortgagee: Hang Seng Bank Ltd., Hong Kong.
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active manner.
Facilities: Making active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Bankers:-
· Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
· Hang Seng Bank Ltd., Hong Kong.
· Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Good.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Livington Enterprises Ltd. is almost equally owned by Mr. Edward Mok Kwok On and Ms. Diana Mok. Both of whom belong to the Mok family.
The business names of the subject are Rapee Living, Rapee-Living Soho and Rapee-Living The Peak.
Rapee-living is one of the major important of bedding suppliers in Hong Kong. It is a wholesaler and retailer of bedding, home accessories and skin cares products. More than 70% of products come from Australia, Germany, England, Thailand, etc.
The subject has become an integral part of the bedding industry in Hong Kong for a very long time. Its main products include the following items: houseware, placemat, sleepmask, apron, towel, mug, bowl dish, salt and pepper set, cuddle U, bedlinen, slipper, cushion, bolster, blanket, bedrest, pajamas, chair mat, towel, bathrobe, shower curtain, shower cap, cup, plate, milk and creamer set, egg cup, cheese tag, tableware, etc.
The subject has set up its own In-house Design Team to assist on sales and marketing activities, making advertisement materials, running advertisements, and product packaging. In addition, the team is also responsible for products development and designing for its own brand BURSA. The subjects graphic designing team is in Shenzhen Special Economic Zone, China.
The subject is a major importer and supplier of bedding products in Hong Kong. It also carries other products such as household accessories, skin care products, etc. More than 70% of its products are imported from Australia while 30% from Germany, the United Kingdom, Thailand, etc.
At present, the subject has set up about ten retailing shops in Hong Kong. Currently, the subject is carrying the following brand names:-
· Bedding Rapee, Bursa, sleepingbeauty, Jaydee, Sovereign, Somerelle, Bohmerwald, Santas and Sanderson.
· Skin Care Sanderson, Cath Kidston, Millefiori, MOR, Judith White, Madiggan, etc.
· Home Accessories and Others RS, ANDIA, BUGATTI, Lene Bjerre, LEXON, live australia, lazybones, NEOZ, Millefiori, etc.
The subject has had an affiliated company Mok Brothers Transworld Co. Ltd. [MBT] located at its operating address. MBT is trading in textile products which include garments and textile machinery and equipment. It has got an affiliate in Taiwan known as Trans World Textiles (Taiwan) Corporation. MBT imports fabrics and garments from European countries and wholesales in Hong Kong or re-exports to Taiwan and Southeast Asia. Finished apparels are also acquired from local suppliers or imported from China. Local or China apparels are exported to European countries. Business has been rather active.
MBT is also owned by the Mok family. Ms. Diana Mok has become one of the significant characters in the lines of business in Hong Kong. Contact person of the subject Ms. Priscilla Szeto is a Hongkongnese.
In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong. For instance, it is going to take part in Hong Kong International Home Textiles and Furnishings Fair 2012 which will be held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 20th to 23rd April, 2012.
As the history of the subject in Hong Kong is over thirty years, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.75 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.65.99 |
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 |
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This score serves as a reference to assess SCs 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.