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Report No. : |
339435 |
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Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAMPERY DEVELOPMENT LTD. |
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|
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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 : |
Trader, Supplier of All kinds of coffee bean, instant coffee, tea and
coffee brewery equipment. |
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No. of Employee : |
35.
(Office staff in Hong Kong) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Regular |
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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.
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on international
trade and finance - the value of goods and services trade, including the
sizable share of re-exports, is about four times GDP. Hong Kong has no tariffs
on imported goods, and it levies excise duties on only four commodities,
whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil,
and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open
economy left it exposed to the global economic slowdown that began in 2008.
Although increasing integration with China, through trade, tourism, and
financial links, helped it to make an initial recovery more quickly than many
observers anticipated, its continued reliance on foreign trade and investment
leaves it vulnerable to renewed global financial market volatility or a slowdown
in the global economy. The Hong Kong government is promoting the Special
Administrative Region (SAR) as the site for Chinese renminbi (RMB)
internationalization. Hong Kong residents are allowed to establish
RMB-denominated savings accounts; RMB-denominated corporate and Chinese
government bonds have been issued in Hong Kong; and RMB trade settlement is
allowed. The territory far exceeded the RMB conversion quota set by Beijing for
trade settlements in 2010 due to the growth of earnings from exports to the
mainland. RMB deposits grew to roughly 12.5% of total system deposits in Hong
Kong by the end of 2014. The government is pursuing efforts to introduce
additional use of RMB in Hong Kong financial markets and is seeking to expand
the RMB quota. The mainland has long been Hong Kong's largest trading partner,
accounting for about half of Hong Kong's total trade by value. Hong Kong's
natural resources are limited, and food and raw materials must be imported. As
a result of China's easing of travel restrictions, the number of mainland
tourists to the territory has surged from 4.5 million in 2001 to 47.3 million
in 2014, outnumbering visitors from all other countries combined. Hong Kong has
also established itself as the premier stock market for Chinese firms seeking
to list abroad. In 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% of
the Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Credit expansion and tight housing supply conditions have caused Hong
Kong property prices to rise rapidly; consumer prices increased by more than
4.4% in 2014. Lower and middle income segments of the population are
increasingly unable to afford adequate housing. Hong Kong continues to link its
currency closely to the US dollar, maintaining an arrangement established in
1983. In 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
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: 852-2420 2472
FAX: 852-2489 8705
E-MAIL: info@kampery.com.hk
Chairman & Managing Director: Mr. Wong Ka Wo, Simon
Incorporated on: 27th
June, 1989.
Organization: Private
Limited Company.
Issued Share Capital: HK$8,700,000.00
Business Category: Equipment Leasing and Supplying.
Employees:
35. (Office staff in Hong Kong)
Main Dealing Banker: The Bank of East Asia Ltd., Hong Kong.
Banking Relation: Good.
KAMPERY
DEVELOPMENT LTD.
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: 852-2591 9882; Fax: 852-2591 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: 852-2439 5101]
Subsidiary/Affiliated
Companies:-
Kampery
Group of Companies
Association of Coffee & Tea of Hong Kong
Ltd., Hong Kong.
B.Y.O.C. Coffee Chateau Ltd., Hong
Kong. [Dissolved]
Beijing Holiway Co. Ltd., China.
Chamber of Food & Beverage Industry of
Hong Kong Ltd., Hong Kong.
Coffee Chateau Ltd., Hong Kong.
Dai Pai Dong Food Co. Ltd., Hong Kong. [Dissolved]
Dai Pai Dong Retail Shops Co. Ltd., Hong
Kong.
Foshan Hokkaido Foodstuffs Co. Ltd., China.
Foshan Kampery Food Industry Co. Ltd.,
China.
Foshan Pokent Foodstuff Co. Ltd., China.
Greendotdot Holdings Ltd., Hong Kong.
Greendotdot International Health Food Ltd.,
Hong Kong. [Dissolved]
Greendotdot.com Ltd., Hong Kong.
Heshan Zhongxing Laminated Packaging Ltd.,
China.
Kamcha Co. Ltd., Hong Kong.
Kamcha Franchising Concept Ltd., Hong Kong.
Kampery (Shanghai) Coffee & Food Ltd.,
China.
Kampery Development Canada Ltd., Canada.
Kampery F & B Services Ltd., Hong Kong.
Le Cleret (Wine & Culture) Travel
Services Ltd., Hong Kong.
Mocaroma (Canada) Ltd., Canada.
Mocaroma (Guangzhou) Ltd., China.
Organic Garden Biotechnology Ltd., Hong
Kong. [Dissolved]
Organic Gardens International Ltd., Hong
Kong.
SAS SWK Le Cleret, France.
SWK Holdings Ltd., Hong Kong.
Task Wing Enterprises Ltd., Hong Kong.
etc.
13177276
0256318
Chairman & Managing Director: Mr. Wong Ka Wo, Simon
HK$8,700,000.00
(As per registry dated 27-06-2015)
|
Name |
|
No.
of shares |
|
WONG Ka Wo, Simon |
|
8,700,000 ======= |
(As per registry dated 27-06-2015)
|
Name (Nationality) |
Address |
|
CHEUK Fung Ting |
Flat E, 40/F., Tower 3, Sorrento, 1 Austin
Road West, Tsimshatsui, Kowloon, Hong Kong. |
|
WONG Ka Wo, Simon |
1/F., Repulse Bay Gardens, 36 Belleview
Drive, Repulse Bay, Hong Kong. |
|
Howard Ken WONG |
1/F., Repulse Bay Gardens, 36 Belleview
Drive, Repulse Bay, Hong Kong. |
(As per registry dated 27-06-2015)
|
Name |
Address |
Co.
No. |
|
Grand Rainbow Ltd. |
Office B, 9/F., Hua Chiao Commercial
Centre, 678 Nathan Road, Mongkok, Kowloon, Hong Kong. |
1075727 |
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 formerly was 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 located at Wah Fung Industrial Centre has become the
warehouse.
Apart from these, neither material change
nor amendment has been ever traced and noted.
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: 35. (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, China, other Asian countries, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C or 30 days
credit.
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]
Hong Kong Jockey Club, Hong Kong.
McDonald’s China, China.
PARKnSHOP Supermarkets, Hong Kong.
Windows-on-the-World Restaurants
Hong Kong Brand Development Council Co.
Ltd., Hong Kong.
The Chinese Manufacturers’ Association of
Hong Kong, Hong Kong.
[Membership No. 008976]
Issued Share Capital: HK$8,700,000.00
Profit or Loss: Business is profitable.
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:
Good.
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.
Kampery is wholly-owned by Simon Wong Ka Wo.
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 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.
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.
Kampery’s business covers manufacturing,
wholesaling, retailing and importing and exporting. The Group’s companies include Greendotdot,
Organic Garden, Mocaroma, Reddotdot, Le Cléret and Kampery F & B, etc.
Greendotdot & Organic Garden are specialized in importing, exporting,
wholesaling and retailing organic and natural products; Kampery & Mocaroma
are specialized in coffee, tea, wine and coffee & tea equipment
business. Regional offices &
subsidiary companies are established in China’s main cities, Canada and France.
The followings are the Group’s significant
Brands:
Green Dot Dot
Organic Garden
Dai Pai Dong
Mocaroma
Chateau Le Cleret
Red Dot Dot
Kampery F&B Services
Kampery Group’s headquarters are located in
Hong Kong and has regional offices in China (Beijing, Shanghai, Guangzhou,
Shenzhou, Foshan) and Canada (Toronto, Vancouver), whereas manufacturing plants
were set up in Shanghai, Foshan and Guangzhou.
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”.
Having a history of over 26 years in Hong
Kong, Kampery is fully supported by Mr. Wong Ka Wo.
On the whole, considered it good for normal
business engagements.
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
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
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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.