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Report Date : |
27.08.2014 |
IDENTIFICATION DETAILS
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Name : |
LEVI STRAUSS GLOBAL TRADING CO. LTD. |
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Registered Office : |
Level 23, Standard Chartered Tower, |
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Country : |
Hongkong |
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Date of Incorporation : |
22.12.2006 |
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Com. Reg. No.: |
37483556 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Retailers of Garment Treder. |
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No. of Employees : |
80 |
RATING & COMMENTS
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MIRA’s 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 : |
Good |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
HONGKONG - ECONOMIC OVERVIEW
|
Source
: CIA |
LEVI STRAUSS GLOBAL TRADING CO. LTD.
ADDRESS: Level 23, Standard Chartered Tower,
PHONE: 852-2411 9900
FAX: 852-2416 2918
Managing
Director: Mr. Vance Shore
Incorporated on: 22nd December, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Garment Treder.
Group Net Revenue: US$4,681.7 million (Year ended 24-11-2013)
Employees: 80.
Main Dealing Banker: Bank
of
Banking Relation: Good.
Registered Head Office:-
Level 23, Standard Chartered Tower,
Holding Company:-
Levi Strauss
International, US.
Ultimate Holding Company:-
Levi Strauss &
Co.
Levi’s Plaza,
Retail Shops:-
·
3/F., Sogo Department Store,
Shop
067, Cityplaza,
33A
Shop
227, 2/F., Ocean Terminal, Tsimshatsui,
B2,
Sogo Department Store, Tsimshatsui,
Shop
373, Grand Century Place,
Shop
UG09, Festival Walk,
Shops
B1-06 & 07,
Shop
G80,
Shop
UC22, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong. [Tel:31481149]
Shops
161-162, Plaza Hollywood, Lung Poon Street, Diamond Hill, Kowloon, Hong
Kong.[Tel: 2907 0079]
Shops
1167-1168,
Shop
197, G/F., Metroplaza, 223 Hing Fong Road, Kwai Fong, New Territories,
Hong Kong. [Tel:2410 9636]
Shop
519, New Town Plaza, Phase 1,
Shops
591-592, 2/F., Tai Po Mega Mall, Tai Po, New Territories,
Shop
2257,
Shops
2192-2195,
etc.
Associates Companies:-
505 Finance C.V.,
Adminstradora Levi
Strauss Mexico S.A. de C.V.,
Distribuidora Levi
Strauss Mexico S.A. de C.V.,
Levi Strauss &
Co. (
Levi Strauss &
Co. Europe SCA,
Levi Strauss
(Asia) Ltd.,
Levi Strauss (
Levi Strauss (Far
East) Ltd.,
Levi Strauss (Hong
Kong) Ltd.,
Levi Strauss (
Levi Strauss (
Levi Strauss (
Levi Strauss (
Levi Strauss
(Suisse)
Levi Strauss
Levi Strauss
Belgium SA,
Levi Strauss
Benelux Retail BVBA,
Levi Strauss
Commerce (
Levi Strauss
Continental S.A.,
Levi Strauss
Continental S.A., France.
Levi Strauss de
C.V.,
Levi Strauss de
Espana S.A.,
Levi Strauss de
Mexico S.A.
Levi Strauss
Levi Strauss do
Brasil Franqueadora Ltda.,
Levi Strauss do
Brasil Industria e
Levi Strauss do
Levi Strauss
Europe,
Levi Strauss
Eximco de Colombia Ltda.,
Levi Strauss
Levi Strauss
Global Trading Co. II Ltd.,
Levi Strauss
Hellas S.A.,
Levi Strauss
Levi Strauss International
Group Finance Coordination Services,
Levi Strauss
Levi Strauss
Italia S.R.L.,
Levi Strauss
Levi Strauss
Levi Strauss Korea
Ltd.,
Levi Strauss
Levi Strauss
Levi Strauss
Mauritius Ltd.,
Levi Strauss
Netherland B.V.,
Levi Strauss
Netherland Holding B.V.,
Levi Strauss New
Zealand Ltd.,
Levi Strauss
Levi Strauss
Levi Strauss
Poland Sp. z o.o.,
Levi Strauss Praha
spol.s.r.o.,
Levi Strauss Pty.
Ltd.,
Levi Strauss
Levi Strauss
Levi Strauss
Trading
Levi Strauss U.K.
Ltd.,
Levi’s Footwear
& Accessories France S.A.S., France.
Levi’s Footwear
& Accessories HK Ltd.,
Levi’s Footwear
& Accessories Italy SpA,
LS Retail (
LVC B.V.,
LVC JP
Majestic Insurance
International Ltd.,
Original Denim
Investments Ltd.,
Paris - O.L.S.
S.A.R.L.,
PT Levi Strauss
World Wide
Logistics S.R.L.,
37483556
1097440
Managing
Director: Mr. Vance Shore
Nominal Share
Capital: HK$10,000.00 (Divided into 1,000 shares of HK$10.00 each)
Issued Share Capital:
HK$10,000.00
(As per registry dated 22-12-2013)
|
Name |
|
No.
of shares |
|
Levi Strauss International |
|
1,000 ==== |
(As per registry dated 02-04-2014)
|
Name (Nationality) |
Address |
|
|
Flat D, 12/F., Tower 3, The |
|
David
Sievewright LOVE |
|
|
Walter ETTLIN |
1 |
(As per registry dated 22-12-2013)
|
Name |
Address |
|
|
Smartcom
Secretaries Ltd. |
6/F., |
0387804 |
The subject was incorporated on 22nd December, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of GSO Holdings Ltd., name changed to the present style on 16th October, 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Garment Treder.Importer, Exporter and Retailer.
Lines: Men’s and ladies’ jeans, , sportswear, slacks, jackets, casuals and T‑shirts.
Trade Mark: “LEVI’S”.
Employees: 80.
Commodities Imported:
Markets:
Group Net Revenue: US$4,610.2 million (Year ended 25-11-2012)
US$4,681.7 million (Year ended 24-11-2013)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 1,000 shares of HK$10.00 each)
Issued Share Capital: HK$10,000.00
Group Net Income:-
US$141.0 million (Year ended 25-11-2012)
US$228.1 million (Year ended 24-11-2013)
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: Bank of
Standing: Good.
Levi Strauss Global Trading Co. Ltd. is a wholly-owned subsidiary of Levi Strauss International, a US-based company. The ultimate holding company is Levi Strauss & Co., also a US-based company.
The subject is trading in all kinds of jeans.
Levi Strauss & Co. was founded in
Its common stock is primarily owned by descendants of the family of Levi Strauss and their relatives.
It offers a broad range of products, including jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear and related accessories. Across all of its brands, pants – including jeans, casual pants and dress pants – represented approximately 85%, 86% and 83% of our total units sold in each of fiscal years 2013, 2012 and 2011, respectively. Men's products generated approximately 78%, 75% and 72% of its total net sales in each of fiscal years 2013, 2012 and 2011, respectively.
In addition to its Levi's® and Dockers® brands, it offers
two brands focused on consumers who seek high-quality, affordable and
fashionable jeanswear from a company they trust. It offers denim jeans, casual
pants, tops and jackets in a variety of fits, fabrics and finishes for men,
women and kids under the Signature by Levi Strauss & Co.™ brand through the
mass retail channel in the
It uses numerous independent contract manufacturers located throughout the world for the production and finishing of our garments. It conducts assessments of political, social, economic, trade, labor and intellectual property protection conditions in the countries in which we source our products before placing production in those countries and on an ongoing basis.
In 2013, it sourced products from contractors located in
more than 30 countries around the world.
It sourced products in North and South Asia, South and Central America
(including
For the year ended 24th November, 2013, the net revenue of the Group amounted to US$4,681.7 million (same period of previous year: US$4,610.2 million); Group net income amounted to US$228.1 million (same period of previous year: US$141.0 million). Overall business is good.
The subject is fully supported by the Group.
On the whole, in view of the background of the subject, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.100.33 |
|
Euro |
1 |
Rs.79.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.