|
Report Date : |
29.05.2012. |
IDENTIFICATION DETAILS
|
Name : |
INDIGO
LIVING LTD |
|
|
|
|
Formerly Known As : |
Options Home
Furnishings Ltd |
|
|
|
|
Registered Office : |
Suite 1813-1816, 18/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.11.1986 |
|
|
|
|
Com. Reg. No.: |
10737558 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Interior Decoration of all kinds of furniture, furnishings, etc. |
|
|
|
|
No. of Employees : |
30 |
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 : |
Good |
|
|
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIGO LIVING
LTD.
Suite 1813-1816, 18/F.,
PHONE: 2552 3500
FAX: 2522 3505
E-MAIL: wholesale@indigo-living.com
Managing Director: Mr. John Warren McLennan
Incorporated on: 11th November, 1986.
Organization: Private Limited Company.
Capital: Nominal: HK$23,000,000
Issued: HK$22,900,000
Business Category: Interior Decoration.
Employees: 30.
Main Dealing Banker: Standard
Chartered Bank (Hong Kong) Ltd.,
Banking Relation: Good.
Registered Head
Office:-
Suite 1813-1816, 18/F.,
Holding Company:-
Pacific Legend Development Ltd.,
Associated
Company:-
Indigo Living LLC
Office 120, Third Floor, Oasis Centre,
(near Second Interchange),
[Tel: 971-4-339 7705; Fax: 971-4-339 7704]
10737558
0177875
Managing Director: Mr. John Warren McLennan
Contact Person: Mr. Kaplan James Howard
Nominal Share Capital: HK$23,000,000 (Divided into 23,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$22,900,000
(As per registry
dated 11-11-2011)
|
Name |
|
No. of shares |
|
Pacific Legend Development
Ltd., |
|
22,900,000 ======== |
(As per registry
dated 11-11-2011)
|
Name (Nationality) |
Address |
|
John Warren McLennan |
Flat 50, 1/F., Block 3, |
|
MOK Lai Yin, Fiona |
Flat RD, 19/F., Tower 5, Le Prestige, Lohas Park, Tseung Kwon, O, New Territories, Hong Kong. |
|
Tracy Ann FITZPATRICK |
1/F., 88B |
(As per registry
dated 11-11-2011)
John Warren McLennan
The subject was incorporated on 11th November, 1986 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Wide Dragon Industries Ltd., name changed to Lim Mei Carpet Manufacturing Co. Ltd. on 3rd April, 1987; changed to Options Home Furnishings Ltd. in 5th August, 2002 and further to the present style on 4th October, 2004.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Interior Decoration.
Lines: All kinds of furniture, furnishings, etc.
Employees: 30.
Commodities Imported:
Markets:
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$23,000,000 (Divided into 23,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$22,900,000
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Standard Chartered Bank
(Hong Kong) Ltd.,
Standing: Good.
Having issued 22.9 million ordinary shares of HK$1.00 each, Indigo Living Ltd. is a wholly owned subsidiary of Pacific Legend Development Ltd. which is a Hong Kong-registered firm located at the same operating office.
Established for over 25 years, the subject provides clients with high quality of furnishing and accessories with innovative interior designs. Its background is in the areas of retail, rental and projects. Now it is actively seeking new wholesale clients.
Our experienced project team can offer a tailored service for any project including interior design, sourcing and procurement of Furniture, Furnishings and Equipment [FF&E], custom manufacturing, and full project management and installation.
The subject is specialized in providing turnkey FF&E solutions for the hospitality industry with a focus on hotels, restaurants, show flats, casinos and serviced apartments.
The
subject’s business territories not only cover
The subject was engaged in the following projects:-
·
·
6 Celebrity Chef Restaurants at
·
Afya Restaurant - Traders Hotel,
·
Aralias luxury apartment,
·
Bar Azul -Four Seasons Hotel,
·
Belcanção Restaurant -Four Seasons Hotel,
·
Dubai Marriott Harbour Hotel & Suites,
·
Emirates Management Crew Quarters,
·
Four Seasons Serviced Apartments mock up,
·
Greenlakes,
·
·
·
·
Links Golf Clubhouse,
·
·
·
Movenpick Hotel and
·
NETs,
·
Paiza Club at Venetian,
·
Splash Restaurant -Four Seasons Hotel,
·
The
·
The Address
·
The
·
The Plaza Casino at Four Seasons,
·
The
·
The Venetian -
·
The Venetian -Four Seasons,
·
The Westin,
·
Traders Hotel,
·
Zi Yat Heen Restaurant -Four Seasons Hotel,
The
subject also handled projects in
In
On the whole, consider the subject good for normal business engagements.
|
Date |
Particulars |
Amount |
|
31-08-1988 |
Instrument: Charge on Deposit Property: Receipt No.1-02-4-009936 for HK$566,324.49, 2-02-3-032572 for US$40,950.73 and 2-02-9-032659 for US$14,976.49 Mortgagee: Hang Lung Bank Ltd., |
To secure general banking facilitics. |
|
19-12-2007 |
Instrument: Security Over Deposits with the Bank (Limited Company – Under Seal) Property: Initially HK$2,388,230.88 and all monies whether now or hereafter standing to the credit of the Company’s deposit with the Bank under deposit No. 034-253757 Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., |
To secure all monies in respect of banking facilities |
|
01-09-2009 |
Instrument: Charge Over Deposits – CD 2 (09) Property: 1) By fixed Charge: all the Company’s rights in respect of the following: (i) the sum deposited by the Company or for its benefit in the account or ad evidenced by deposit instrument or other evidence of indebtedness; and (ii) all other sums in any currency at any 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., |
To secure the payment or discharge of all moneys, obligations and liabilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.