H.K. Premium Business Report

HONG KONG PREMIUM BUSINESS REPORTThis report is sent in answer to your inquiry on:
Sample Report Holdings Limited
D-U-N-S: 66-444-9493

Prepared for:

TSR

Inquiry Date:

Aug 5, 2019

Delivery Date:

Aug 20, 2019

Note:
1. The information in Hong Kong Comprehensive Report was mainly obtained from a third party source. D&B
reviews, verifies and enriches the information by checking historic records in D&B database, public media
records, governmental files and/or conducting management interviews with subject.
2. This report, which is licensed under contract solely for use by D&B's customer as one factor in its businessdecisions, contains information compiled from sources D&B does not control and which, unless otherwise
indicated in this report, have not been verified. D&B does not assume any of user's business risk; does notguarantee the accuracy, completeness, and timeliness of the information; and shall not be liable in tort, contract
or otherwise for any loss, damage, and injury resulting from use of this information, even if caused by D&B's
negligence.
3. Please contact your local customer service center if you are not able to see this report using your application.

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

COMPANY DETAILSSAMPLE REPORT HOLDINGS LIMITED
Subsidiary of SAMPLE REPORT ULTIMATE PARENT LTD, HONG KONG.
formerly known as SAMPLE REPORT (HK) CO LTD
Trade Style

SAMPLE REPORT HK HOLDINGS

D-U-N-S

66-444-9493

Incorporation 9999998
No.

Started1973

BRC No.

98999998

Registered

1993

Legal Status

Private Limited Company

Address

RM 1308-15 13/F BEA TOWER, MILLENNIUM CITY 5
418 KWUN TONG RD
KWUN TONG, KOWLOONHONG KONG

Tel

852 - 25161108

Fax

852 - 25626044

URL

www.sample.com.hk

E-Mailinfo@sample.com

Chief
Executive

CHAN, TAI MAN

Line ofBusiness

WHOL OF GARMENTS, HOLDING COMPANY

SIC

5136-0000

ImportYES

History

BUSINESS

Export

YES

Court

YES

Reg Charge

YES

D&B Rating

HH1 (Prev. - -)Condition

STRONG

DIRECTOR

6719-9901

Employs80

Paid Up
Capital10,000Sales

73,692,458

Tangible Net
Worth17,938,440(HKD)

5137-0000

CURRENCY: All monetary amounts shown in HONG KONG DOLLARS unless otherwise
stated.
Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

ECONOMIC INDICATOR

INDUSTRY HIGHLIGHTS
Hong Kong's Clothing Industry
Overview•

Starting 1 January 2009, textile and clothing products originating in China no longer
require any import licence or surveillance document before entering the EU. Meanwhile,
textile and clothing shipments to the US made on or after 1 January 2009 are no longer
subject to any quotas.

•

Under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), themainland has given all products of Hong Kong origin, including clothing items, tariff-freetreatment starting from 1 January 2006. According to the stipulated procedures, products
which have no existing CEPA rules of origin will enjoy tariff-free treatment upon
applications by local manufacturers and upon the CEPA rule of origins being agreed andmet.

•

Hong Kong clothing companies are reputable for ODM and OEM production. They are able
to deliver quality clothing articles in short lead time, as foreign importers and retailers
request clothing suppliers to tighten up supply chain management to ensure the orderedmerchandise reaching the store floor at the right time. Increasingly, Hong Kong clothing

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Reportcompanies, the established ones in particular, have shown enthusiasm for brandpromotion.

•

Hong Kong’s total exports of clothing decreased by 12% year-on-year in the first fourmonths of 2016, when re-exports fell by 11% and domestic exports slumped by 41%. In
January-April 2016, Hong Kong's clothing exports to the US and EU, the two largest
markets that accounted for nearly 60% of the total, fell by 11% and 19%, respectively.

Industry Features [1]Source: Hong Kong Trade Development Council

EXECUTIVE SUMMARY•

The Risk Predictor for the company is 7.50 which indicates below average risk.
The likelihood of a company having financial distress over the next 12 months is
0.38%.

•

Company has been established for 43 year(s)•Evidence of 1 High court, District Court suits or Gazette filings in D&B database,with the most recent one on 1/1/2017.

•

Within the past five years, 1 hearing case was found in D&B Small Claim
Tribunal files on 1/10/2017.

•

Subject company has 12 payment experience(s).

•Registered charges are reported for this business.

•

Subject company rents captioned premises.

•

Sample Report Ultimate Parent Ltd based in Hong Kong is the parent companyof subject.

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report•

Operation are profitable operations based on its 2017 financial statement.

D&B RISK PREDICTOR

As of AUG 20, 2019

Risk Predictor uses a statistically valid model derived from D&B database to predictthe likelihood of a company having financial distress over the next 12 months
period.

Key Influencing Factors
1. No record of litigation is found against the subject in D&B database.
2. The subject's total Employee Size suggests slightly lower risk of financial stress.
3. The subject's Age suggests lower risk of financial stress.
4. Higher Current Ratio and lower Debt Ratio suggest lower risk of financial stress.
Notes:
1. The Risk Predictor indicates that this company shares some of the same businessand financial characteristics of other companies with this classification. It does notmean the firm will necessarily experience financial distress.
2. Risk Predictors are updated the day new information enters the company's file.
3. Both Risk Predictors and Financial Stress Scores are derived from D&B's new
Failure Scoring System. Each of them cater different needs in risk assessment. Please
Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Reportrefer to Appendix to learn more about the new D&B Failure Scoring System and theapplications of different measurements.

PAYMENTS

As of AUG 20, 2019

Paydex
Paydex is not computable with the current payment information of the company.

Payment Experience
HIGH
CREDIT

NOW
OWES

PAST
DUE

28/02/2019 Prompt

100,000

100,000

0

Net 30 28/02/2019

31/01/2019 Slow 30

10,00010,00010,000Net 30 31/01/2019

31/12/2018 Prompt

10,0005,000

0COD 31/12/2018

2,000,000 2,000,000

200,000

Net 60 31/12/2018

DATE

31/12/2018

PAYINGRECORD

Prompt/Slow
30

TERM

LAST SALE
DATE

31/12/2018 Slow 30

30,000

2,500

2,500

Net 30 31/12/2018

31/12/2018 Slow 30

2,000,000

300,000

300,000

Net 30 31/12/2018

Prompt/Slow
10,000,000
60

10,0005,000

Net 30 30/11/2018

15,00010,000Net 30 31/10/2018

2,000,000 2,000,000

30/11/2018

31/10/2018 Slow 60
31/10/2018 Prompt

900,000

0

Net 60 31/10/2018

15,0000

Net 30 31/10/2018

1,000,000 1,000,000

0Net 30 30/09/2018

25,000Net 30 30/09/2018

31/10/2018 Prompt
30/09/2018 Prompt
30/09/2018 Slow 90-120

15,000900,000

25,000In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.
All slow paying records are recorded as "slow 30, 60, 90, 120, 150, 180 or 181" (for slow 1-30, 31-60, 61-90,
91-120, 121-150, 151-180, 181 or above). All dollar amounts in this section are rounded by the system.

COURT ACTION

As of AUG 20, 2019

A search of the Court Files show the following record(s) of civil suit against thecompany:High Court, District Court & Government Gazette
Defendant:SAMPLE REPORT HOLDINGS LIMITED

Action:HIGH COURT

Plaintiff:INDIVIDUAL

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Amount:NOT AVAILABLE

File Date:1/1/2017

File No:HCA99999/2017

Cause:OTHERS

Status:Unknown

Small Claim Tribunal
Defendant:Sample Report Holdings Limited

Claimant:ABC Sample (HK) CO LTD

Hearing Date

:1/10/2017

Claim No:SCTC000000/03

Claim Nature:MANAGEMENT FEE

Status -:Unknown

This corporate information is provided based on the information we have collected from public sources and kept inour record within the last 5 years; and is for general information purpose only. In relation to such information, we
would like to remind you that we do not warrant its accuracy, completeness, correctness or whether it is updated
at any given time; and we shall disclaim all liabilities on any claims in relation to such information or any part
thereof.

FINANCE
Financial Summary(Figures in in Hong Kong dollar (HKD))YEAR :

2017

2018

Current Assets

10,663,586

19,166,895

Current Liabilities

19,844,551

13,780,852

Working Capital-9,180,965

5,386,043

Non-Current Assets

32,784,479

43,985,246

Non-Current Liabilities

15,055,168

31,136,887

Total Assets

43,448,065

63,152,141

Total Liabilities

34,899,719

44,917,739

Net Worth

8,188,501

17,938,440

Annual Sales

57,450,007

73,692,458

Gross Profit

13,788,002

15,222,281

Profit After Tax

6,498,166

3,982,092

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Balance Sheet(Figures in in Hong Kong dollar (HKD))YEAR ENDED:
Current Assets:
Cash and Bank
Marketable Securities

31/12/2017
5,012,361
456,385

6,040,000

20.5
N/A

Receivables
Inventories / Stocks
Deposit - Short Term
Prepayment
Due from Subsidiary
Due from Related Co

1,895,501
1,891,260
208,500
803,982
276,095
105,815

7,545,051
2,679,689
838,935
665,661
376,246539,321298.0541.68
302.36-17.2
36.27
409.68

13,687
10,663,586

373,405
88,945
19,642
19,166,895

N/A
N/A
43.5
79.74

Trade Creditors
Creditors & Borrowings
Bank Loans

5,647,646
3,518,024
1,673,564

4,899,091
2,521,167
733,817-13.25-28.33-56.15

Other Creditor
Provision for Income tax
Provision for Dividends
Due to Parent
Due to Subsidiaries
Due to Related Co

6,200,102
483,509200,909505,367
1,553,320
41,878618,863
59,224
821,797
276,965
53,153

N/A
27.99-70.52
62.61-82.16
26.92

Other Current Liabilities
Total Current Liabilities

20,232
19,844,551

3,796,775
13,780,852

18,666.18-30.55Working Capital-9,180,965

5,386,043

158.66

Non-Current Assets

32,784,479

43,985,246

34.16

32,226,608

42,863,637

33

Trading Securities
Investment Securities
Other Current Assets
Total Current Assets

31/12/2018%chg

Current Liabilities:

Fixed Assets:
Property, Plant and Equipment

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Other Fixed Assets
Total Fixed Assets

169,075
32,395,683

799,947
43,663,584

373.1334.78

28,951
28,95125,70025,700-11.22-11.22

Goodwill
Total Intangible Assets

359,845359,845295,962
295,962-17.75-17.75

Non-current Liabilities:
Creditors and Borrowings
Provisions

10,502,245
72,000Investment:
Investment
Total Investment
Intangibles:

Loan Secured
Minority Interests
Other Non-Current Liabilities
Total Non-Current
Liabilities

N/A
N/A

1,732,240
2,530,282
218,401

27,151,349
883,252
3,102,286

1,467.41-65.091,320.45

15,055,168

31,136,887

106.81

8,548,346

18,234,402

113.31

20,00020,0001,601,658

0
N/A

2,809,246

N/A

13,803,498
18,234,402

61.85
113.31

31/12/2018
73,692,458
58,470,177
15,222,281
10,324,589
4,897,692
100,000

%chg
28.27
33.91
10.4
55.62
-31.530

Net Worth
Equity:Paid Capital
Reserves
Accumulated / Retained Profit(P/L)
Other Equity Value
Total Equity

8,528,346
8,548,346

Profit and Loss
(Figures in in Hong Kong dollar (HKD))YEAR ENDED:
Sales
Cost of Goods Sold
Gross Profit (Loss)
Operating Expenses
Operating Profit
Finance Cost

31/12/2017
57,450,007
43,662,005
13,788,002
6,634,177
7,153,825
100,000

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Net Profit (Loss) before
Taxation
Taxation

7,053,825

4,797,692-31.98555,659

815,600

46.78

Net Profit (Loss) After Taxation

6,498,166

3,982,092-38.72

Minority Interests
Net Profit (Loss) Attributable toShare364,200

143,711-60.54

6,133,966

3,838,381-37.42Financial Ratios
YEAR

2017

2018

Profitability Ratios
Net Profit Margin(%)
Return on Assets(%)
Return on Equity(%)

11.31
14.95
79.35

5.4
6.3
22.19

Solvency Ratios
Current Ratio
Quick Ratio

0.53
0.37

1.39
1.01

Leverage Ratios
Total Debt to Equity Ratio
Debt Ratio

4.08
0.8

2.46
0.71

Current Debt to Equity Ratio

2.32

0.75

Fixed Assets to Equity Ratio

3.78

2.39

Efficiency Ratios
Asset to Sales Ratio
Collection Period (Days)
Inventory Turnover (Days)

0.75
12.04
15.81

0.85
37.37
16.72

Accounts Payable to Sales Ratio

0.09

0.06

Sales to Net Working Capital Ratio

-6.25

13.68

Subject condition is considered Strong.

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

FINANCE ANALYSIS
Sales has been increasing in a healthy growth manner. Subject experienced a slightincrease in sales by 28.27% in 2018 compared with previous year
Trend in net profit was not in line with the sales trend in 2018. Though subject
experienced a 28.27% increase in sales turnover in 2018, net profit after tax
declined by 38.72% compared with previous year, reflecting the diminishingefficiency in controlling the costs/expenses during the year.
A net profit of HKD3,982,092 was earned on sales of HKD73,692,458 in 2018.
Profitability Ratios:
Used to evaluate management's ability to control expenses and to earn a return on
resources committed to the business.
Net Profit Margin
Reveals profits earned per dollar of sales and measures the efficiency of theoperation.
Profitability position has been declining compared with previous year as noted by thedecreasing net profit margin from 11.31% in 2016 to 5.40% in 2018. The declining
ratio reflects subject's diminishing efficiency in cost control.
Subject's operation was considered to be very profitable. The subject generated
5.40% net profit margin on HKD73,692,458 in sales in 2018.
Return on Assets
This is the key indicator of profitability for a firm. It matches net profits with theassets available to earn a return.
Profitability position has been declining compared with previous year as noted by thedecreasing return on assets from 14.95% to 6.30%. The declining ratio reflects
subject's diminishing efficiency in utilizing its assets to generate profits.
The profit after tax of HKD3,982,092 represented a 6.30% return on assets. Thisimplies that subject was utilizing her assets very efficiently to generate profits.
Return on Equity
Analyses the ability of the firm’s management to realize an adequate return on thecapital invested by the owners of the firm.
Profitability position has been declining compared with previous year as noted by thedecreasing return on equity from 79.35% in 2017 to 22.19% in 2018. The declining
ratio reflects subject's diminishing efficiency in generating profits for its
Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Reportshareholders.
The profit after tax of HKD3,982,092 represented a 22.19% of return on equity. Thisimplies that subject's ability to generate return for her shareholders was considered
to be strong. Subject can generate HKD0.22 profits for each dollar that was
originally invested in the business.
Solvency Ratios:
Used to measure the financial soundness of a business and how well the company
can satisfy its obligation.

Current Ratio
It measures the margin of safety present to cover any possible reduction in current
assets.
Liquidity position has been improved, as noted by the increasing current ratio from
0.53 in 2017 to 1.39 in 2018. An improvement of this ratio reflects subject has
stronger liquidity position to back its current obligations compared to last fiscal year.
Current ratio of 1.39 in 2018 indicated that though subject had enough current
assets to back its current obligations, the level was just too close for the firm as theywould only just be able to meet their liabilities.
Quick Ratio
Shows the dollars of liquid assets (convertible into cash within 30 days) available tocover each dollar of current debt.
Quick ratio of 1.01 in 2018 is considered satisfactory, subject could meet its current
obligation with the readily available "quick" funds on hand, regardless of the sales
level.
Leverage Ratio:
Indicates the extent to which the business relies on debt financing.
Total Debt to Equity Ratio
It measures management's reliance on creditor financing as well as the business's
indebtedness compared to the amount invested by its owners. This ratio indicatesthe amount of liabilities the business has for every dollar of shareholders' equity.
Leverage position has been improved in 2018, as noted by the decreasing total debt
to equity ratio from 4.08 in 2017 to 2.46 in 2018, reflecting subject's debt obligation
has been lessened.
Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Total debt to equity ratio at 2.46 in 2018 indicated that the subject was highly
leveraged, evidenced by the fact that subject's debt was 2.46 times higher than her
shareholders' fund, reflecting subject did not have sufficient protection for creditors,
as noted by the unfavorable debt to equity ratio.

Debt Ratio
The debt ratio shows the proportion of a company's assets which are financed
through debt.
Debt ratio in 2018 is more than 0.5, indicating that most of the subject's assets arefinanced through debt.
Current Debt to Equity Ratio
It measures the extent of a firm in using creditor funds versus shareholders'investment to finance the business.
Leverage position has been improved in 2018, as noted by the decreasing current
debt to equity ratio from 2.32 in 2016 to 0.75 in 2018, reflecting subject's current
debt obligation in short terms has been lessened.
Current debt to equity ratio of 0.75 indicated that the firm is facing a high level ofcreditors' due as a percentage of its shareholders' investment. Subject might haveinsufficient shareholders' fund to fully meet its short-term obligations.
Fixed Assets to Equity Ratio
It indicates the firm's investment for fixed asset uses.
The decreasing fixed assets to equity ratio in 2018, reflecting that subject has
invested lower portion in fixed assets.
Fixed assets to equity ratio of 2.39 represented a high proportion of assets centeredin fixed assets compared to total equity. It implies that subject is likely to have overinvestment while liquid capital is limited to support day-to-day operations.
Efficiency Ratios:
Used to measure how well a firm manages and controls its assets and how
effectively it utilizes those resources to generate sales.
Asset to Sales Ratio
It measures the proportion of investment in assets to generate sales.
Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Asset to sales ratio increased from 0.75 in 2017 to 0.85 in 2018. It shows that
subject's sales generating power in terms of assets has been raised.
Asset to sales ratio of 0.85 means that subject's sales is higher than what it can becovered by assets.
Collection Period (Days)
It indicates how fast subject can increase cash supply by collecting accounts
receivable from customers.
The collection period is prolonged by 25.32 days than previous year.
Inventory Turnover (Days)
It determines the average number of days at which merchandise is being moved andthe effect of flowing of funds into a business.
Inventory turnover of 16.72 means that subject requires 16.72 days to turninventory into sales. When the period is too long, it might mean that subject isoverstocked in terms of sales or the efficiency of converting inventories into sales is
not high.
Inventory turnover period is prolonged. It implies that subject requires longer time
to finish her sales cycle than previous year. It adversely affects the liquidity ofsubject's operation.
Accounts Payable to Sales Ratio
It measures the extent to which the firm pays to suppliers in terms of the sales
transaction.
Accounts payable to sales ratio of 0.06, which is lower than before. It shows subject
is using a lower extent of supplier's money to finance operations.
When the ratio is multiplied by 365 days, it reflects that subject takes 24.26 days to
repay the suppliers.
Sales to Net Working Capital Ratio
It indicates the efficiency of using working capital to generate sales.
Sales to net working capital ratio of 13.68 means that subject has 13.68 times ofworking capital turnover annually in relation to net sales. The high turnover rate
might imply overtrading and subject's operation relies extensively on funding fromoutsiders.

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

CURRENT INVESTIGATION
On 20/8/2019, Mr. Chan, Peter, Financial Controller, submitted financial statement
and confirmed operational and historical information.
The financial statement(s) of subject was obtained via fax. The accounts are auditedby Sample Audit, CPA.
Fiscal year end date of subject is 31 Dec.
Audited financial statement FY2017 and FY 2018 was obtained by email during
current investigation.
Site visit conducted on 8/19/2019 to reveal that subject is located at the captioned
address.

BANK
Banking relations are maintained principally with :CITIBANK, N.A.
HONGKONG AND SHANGHAI BANKINGCORPORATION LIMITED (THE)HANG SENG BANK, LIMITED
Banking Facilities Granted from the Bank(s):AmountLong-Term Loan

27,000,000

Secured Letter of Credit

7,500,000

Total Credit Limit

34,500,000

Est. Credit Limit

Low 8 Figures

Deposit Level

Low 7 Figures

HISTORY
This section was compiled after a company search from the Companies Registry on
3/8/2019, and includes capital structure, shareholdings, registered charges anddirector details.
As of the date of the search, the latest annual return filed by the company was dated
5/10/2018.
Legal Status

Private Limited Company

Date of Registration

5 Oct 1993

Year Started

1973

Incorporation No.

9999998

Business Registration
No.

98999998

Type of Shares

No. of Shares

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Ordinary Shares

10,000Preference Shares

10,000Fully Paid Up Capital

10,000(as of 5 Oct 2018)
shares are shown to be held by:Ordinary Shares
Name of
Shareholder

Location

Shares Held%

Sample Report
Ultimate Parent Ltd

Hong Kong

5,100

51.00

Chan Tai Man

Hong Kong

4,900

49.00

10,000100.00Preference Shares
Name of
Shareholder

Location

Shares Held%

Sample Report
Ultimate Parent Ltd

Hong Kong

5,000

50.00

Chan Tai Man

Hong Kong

5,000

50.00

10,000100.00Change in Company Name
Name was changed from Sample Report Group Company Ltd to HK Sample ReportCompany Ltd on 5 Nov 1993, to Sample Report (HK) Co Ltd on 1 Feb 1999 and to
the present name on 1 Jan 2001.
Share Allotment
Name

No. of Shares

Chan Tai Man

5,000

Sample Parent Limited

5,000

Other Key Events
Details : Mr. Chan Tai Man commenced business under the name 'Sample ReportCompany' as a sole proprietorship. (Jan 1973)

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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Details : Subject incorporated as a limited liability company and its business wastransferred from 'Sample Report Company'. (Oct 1993)
Details : Very Good Manufacture Company, subject's affiliated factory commenced
operation in Panyu, PR China. (Jul 2001)
Registered Charge
Registered Charges indicates whether subject has any outstanding mortgages withcreditors, including banks, financial institutions. It's by laws that companies require
to file registered charges to Companies Registry in Hong Kong. Once the security isplaced on the register it will be deemed to be within the constructive knowledgeof any subsequent creditor. This ensures priority to the registered charge over all
subsequent registered and unregistered charges.
Charge:A Charge of Deposit

Date:1 Jan 2005

Secured Party:BANK OF CHINA (HONG KONG) LIMI TED

Amount:$ 300,000.00

Total Indebtedness:Nil
The above charges do not represent the full history of all transactions relating to theregistered charges of the company. Some of the charges may have been released or
there could be mortgages charges not reflected in this report.
Registered Address
AddressRm 1308-1315 13/F BEA Twr, Millennium City 5
418 Kwun Tong Rd
Kwun Tong, Kowloon
Hong Kong

Company Secretary
Name

Chan Tai Man

Name

ABC Secretary Ltd

Address

17/F Warwick Hse
979 King's Rd
Quarry Bay, Hong Kong Island
Hong Kong

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Principals
Details of director(s) are listed as follows.
Name:CHAN, Tai Man

Title:Director

Activity Status:Active in subject's day-to-day operation.

OPERATION
Subject operates as a holding company and through its subsidiaries and affiliates areengaged in:Wholesaling of garments

100.00%Major Brands:
GrandePeixicoProduction process subcontracted to affiliated factory in PR China.
Operations are seasonal. Season peaks during Christmas & New Year.
Major Customer(s)1) WWW Department Store
2) Lucky Boutique
Major Supplier(s)1) MM Buttons
2) Well-Good Threats
Products/Services%

Men's wear

40.00

Ladies' wear

30.00

Children's wear

20.00

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Other accessories

10.00

Total

100.00In June 2001, subject has launched its official website, www.sample.com.hk, toenable B2B business. In the same year, its new affiliated factory in Panyu, China,
has also commenced its operation.

Sales Territory
Local:-

15%

International:-

85%

Germany

50%

USA

25%

UK

10%

Sales Territories are mainly in Hong Kong, Germany, USA and UK.
Currently, subject maintains around 20 active customers. Customer types include
Wholesalers and Retailers.
Selling terms with customers are mainly on Net Terms 60-90 days, L/C (Letter ofCredit) and T/T (Telegraph Transfer) basis.
Purchase Territory - MerchandiseInternational:-

100%

PR China

100%

Merchandise is mainly sourced from PR China.
Purchasing term is mainly on Inter-Company A/C basis.
Purchase Territory - Raw Materials
International:-

100%

PR China
South-East Asia
Raw Materials are mainly sourced from PR China and South-East Asia.
Purchasing terms are mainly on Net Terms 60-90 days, T/T (Telegraph Transfer),
L/C (Letter of Credit) and Advance basis.
Employees
Subject employs 80 permanent staff in Hong Kong.
Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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H.K. Premium Business Report

Reportedly, subject also maintains 1000 workers at the factory(ies) in PR China.
Location
Premises are located in an industrial/commercial area. Subject rents premises on the
13/F of a multi-storey building.
Office is shared with its group companies named Sample Report Ultimate Parent
Limited & Sample Report Company Limited.
Previous Address : 18/F, Caroline Ctr, Lee Gardens Two, 28 Yun Ping Road, Causeway
Bay, Hong Kong
Date of relocation:12/2009

Land Search on Operating Address
Owner of Premises:Individual

Date of Purchase:18/3/1999

Purchase Price:$ 6,700,000

Mortgaged Bank:BANK OF CHINA (HONG KONG) LIMI

Linkage
Ultimate Parent
Name

SAMPLE REPORT ULTIMATE LTD

LocationUK

Line of BusinessHolding Co

Relationship with Subject Indirectly Holds Majority Shares in Subject

Parent
DUNS

66-905-6467

Name

SAMPLE REPORT ULTIMATE PARENT LTD

AddressRm 1308-1315 13/F BEA Twr, Millennium City 5
418 Kwun Tong Rd
Kwun Tong, Kowloon
Hong KongLine of Business

Properties Holding% Shares Held51%

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

20

H.K. Premium Business Report

Subsidiary
DUNS

66-864-1652

Name

SAMPLE REPORT PARENT CO LTD

AddressRm 1308-1315 13/F BEA Twr, Millennium City 5
418 Kwun Tong Rd
Kwun Tong, Kowloon
Hong KongLine of Business

WHOL OF CHILDREN'S WEAR

% Shares Owned

99.99%

Affiliated Companies
Name

SAMPLE REPORT MFR COMPANY

Location

Panyu
PR China

Name

SAMPLE REPORT AFFILIATE CO LTD
Toronto, Ontario
CanadaAPPENDIX
1. Interpretation of D&B Rating
D&B Rating allows you to quickly assess a company's financial strength and credit appraisal to help
determine its credit-worthiness. The Dun & Bradstreet Rating is made up of two components: the Financial
Strength and the Composite Credit Appraisal.
Financial Strength Indicator
Net
Worth
5A
4A
3A
2A
1A
A
B
C
D
E
F

CapitalFrom - (HK$)

To - (HK$)

5AA
4AA
3AA
2AA
1AA
AA
BB
CC
DD
EE
FF

300,000,000
70,000,000
10,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
500,000

And above
299,999,999
69,999,999
9,999,999
6,999,999
5,999,999
4,999,999
3,999,999
2,999,999
1,999,999
999,999

Composite
Credit Appraisal
1
2
3
4
-

Condition
Strong
Good
Fair
Poor
Undetermined

Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

21

H.K. Premium Business Report

G
H

GG
HH

200,000
0499,999
199,999

Other
N
O
NB
FB
NQ

Financial Strength is negative
Financial Strength is undisclosed
New Business: Less than 24 months
Foreign Branch
Out of Business

Risk Predictor Score Methodology
The Risk Predictor Score is based on a scale of 0 to 10, where 0 represents ahigher risk and 10 lower risk. Developed using advanced statistical techniques
and available data from D&B's information database, the Score predicts theprobability of business failure (i.e. going out of business) within the next 12months.
Key Drivers and average weight in the Risk Predictor Score include thefollowing:
Business Demographics :

•
•
•
•

Employee Size
Industry
Legal Structure
Business Age

Financial Information :

•
•
•
•
•

Net WorthTurnoverCurrent Ratio
Debt Ratio
Profit Margins

Payment Information :

•
•
•
•
•

Trade Experiences
Slow Payment
Maximum High Credit
Paydex
Collection Amount

Court Information :••High Court Records
District Court Records-- End of Report --Dun & Bradstreet (HK) Ltd
Unit 1308-15, 13/F, BEA Twr, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kln. HONG
KONG

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