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08411 K W Nelson Interior Design and Contracting
0.1700.0000.00%
Symbol
08411
Company Name
K W Nelson Interior Design and Contracting
ISIN
KYG5335N1079
Listing Date
12/08/2016
Establishment Date
01/07/2016
Registration
Cayman Islands
Chairman
Jingwei Liu
Secretary
Yanfeng Ke
Audit Institution
Jindao Liancheng Accountants Co., Ltd.
Company Category
Other
Registered Office
Cricket Square Hutchins Drive PO Box 2681 Grand Cayman, KY1-1111 Cayman Islands
Head Office and Principal Place of Business
Room 1703, 17 / F, Kehui Centre, 651 King's Road, Quarry Bay, Hong Kong
Fiscal Year Ends
12-31
Employees
15
Market
GEM
Business
The company is an interior decoration company based in Hong Kong, focusing on commercial premises (including offices and retail stores mainly located in Hong Kong). The company's services include interior design solutions provided by internal designers, appointment of subcontractors to carry out interior decoration works, and coordination, management and supervision of interior decoration works by project managers.
Profile
The Group is an interior decoration company located in Hong Kong, focusing on commercial premises (including offices and retail outlets mainly located in Hong Kong). The Group's services include the provision of interior design solutions by internal designers, the appointment of subcontractors to carry out interior decoration works and the coordination, management and supervision of interior decoration works by the project manager. During the track record period, the Group's projects can be broadly divided into: (I) design and decoration projects, in which the Group is responsible for customized interior design solutions, project management and interior decoration works; (ii) decoration projects, in which the Group is responsible for project management and interior decoration works; and (iii) other interior design and interior decoration services. For the two years ended 31 December 2015 and the six months ended 30 June 2016, the design and decoration projects contributed approximately 93.5%, 73.1% and 84.8% of the Group's total revenue respectively. For the two years ended 31 December 2015 and the six months ended 30 June 2016, decoration projects contributed approximately 5.4%, 23.4% and 11.5% of the Group's total revenue respectively. In terms of design and decoration projects, the Group assesses the needs of customers who do not have their own interior design ideas, plans or drawings. According to the requirements and needs of customers, the internal designers of the Group formulate and produce customized interior design solutions for customers' consideration. If the customer accepts the interior design proposal of the Group, the Group will produce detailed drawings. The Group will then appoint a subcontractor to carry out the interior decoration works, and the Group will be responsible for the entire project management and supervision of the interior decoration works to ensure the effective and efficient implementation of the project. For decoration projects, the Group provides quotations or bids to customers who have their own interior design ideas, plans and drawings. If the customer accepts the offer or bid of the Group, the Group will then appoint a subcontractor to carry out the interior decoration works, and the Group will be responsible for the entire project management and supervision of the interior decoration works carried out by the subcontractors. The Group commissioned a subcontractor to complete the interior decoration works. The Group selects subcontractors to purchase necessary decoration materials and to carry out interior decoration works in accordance with the instructions, requirements, plans and schedules of the Group. In addition to the subcontractors selected by the Group, the customer's building management company may appoint a subcontractor to procure necessary decoration materials and carry out interior decoration works in accordance with the Group's plan and schedule. The Group will also purchase other interior decoration materials from suppliers for subcontractors who are working on the Group's projects. Since its establishment in Hong Kong in 2009, the Group has served more than 180 customers, including multinational corporations from various industries and listed companies in Hong Kong, such as banking, retail, health care, legal services, catering, education, energy, insurance, telecommunications, property management and logistics management. In order to capture the business opportunities of customers who may expand to the PRC, the Group established a subsidiary in the PRC in 2010.
Company Overview
The Group is an interior decoration company located in Hong Kong, focusing on commercial premises (including offices and retail outlets mainly located in Hong Kong). The Group's services include the provision of interior design solutions by internal designers, the appointment of subcontractors to carry out interior decoration works and the coordination, management and supervision of interior decoration works by the project manager. During the track record period, the Group's projects can be broadly divided into: (I) design and decoration projects, in which the Group is responsible for customized interior design solutions, project management and interior decoration works; (ii) decoration projects, in which the Group is responsible for project management and interior decoration works; and (iii) other interior design and interior decoration services. For the two years ended 31 December 2015 and the six months ended 30 June 2016, the design and decoration projects contributed approximately 93.5%, 73.1% and 84.8% of the Group's total revenue respectively. For the two years ended 31 December 2015 and the six months ended 30 June 2016, decoration projects contributed approximately 5.4%, 23.4% and 11.5% of the Group's total revenue respectively. In terms of design and decoration projects, the Group assesses the needs of customers who do not have their own interior design ideas, plans or drawings. According to the requirements and needs of customers, the internal designers of the Group formulate and produce customized interior design solutions for customers' consideration. If the customer accepts the interior design proposal of the Group, the Group will produce detailed drawings. The Group will then appoint a subcontractor to carry out the interior decoration works, and the Group will be responsible for the entire project management and supervision of the interior decoration works to ensure the effective and efficient implementation of the project. For decoration projects, the Group provides quotations or bids to customers who have their own interior design ideas, plans and drawings. If the customer accepts the offer or bid of the Group, the Group will then appoint a subcontractor to carry out the interior decoration works, and the Group will be responsible for the entire project management and supervision of the interior decoration works carried out by the subcontractors. The Group commissioned a subcontractor to complete the interior decoration works. The Group selects subcontractors to purchase necessary decoration materials and to carry out interior decoration works in accordance with the instructions, requirements, plans and schedules of the Group. In addition to the subcontractors selected by the Group, the customer's building management company may appoint a subcontractor to procure necessary decoration materials and carry out interior decoration works in accordance with the Group's plan and schedule. The Group will also purchase other interior decoration materials from suppliers for subcontractors who are working on the Group's projects. Since its establishment in Hong Kong in 2009, the Group has served more than 180 customers, including multinational corporations from various industries and listed companies in Hong Kong, such as banking, retail, health care, legal services, catering, education, energy, insurance, telecommunications, property management and logistics management. In order to capture the business opportunities of customers who may expand to the PRC, the Group established a subsidiary in the PRC in 2010.
CEO: Jingwei Liu
Market: GEM
Listing Date: 12/08/2016
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