MIRA INFORM REPORT

 

 

Report Date :

19th June 2006

 

IDENTIFICATION DETAILS

 

Name :

LUVINCOREA CO., LTD.

 

 

Registered Office :

202-71, Sangdo-dong, Dongjak-gu, Seoul, Korea

 

 

Country :

Korea

 

 

Date of Incorporation :

07/12/2004

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Traders of wines.

 

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 :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 


Ⅰ. Basic Information

 

Basic

 

Company Name

LUVINCOREA CO., LTD.

Address

202-71, Sangdo-dong, Dongjak-gu, Seoul, Korea

Building

 

Zip Code

156-030

Tel

+82-2-824-6606

Fax

+82-2-824-6661

E-mail

 

Website

www.luvin.co.kr

Other Address

 

Tel

 

Fax

 

Type

Import

Industry

Wines

  Main Business

 

  Sub Business

 

Established (mm/dd/yyyy)

07/12/2004

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Wines

 

 

 

 

 

 

 

 

Others

 

Name

Lee Seung-Ki

Address

600, Wanggok-dong ,Uiwang-si, Gyeonggi-do, 437-020 Korea

Date of Birth (mm/dd/yyyy)

01/05/1961

Title

President

Sex

Male

Nationality

Korean

Capital

750,000,000KRW

Employees

10

Formation

Co., Ltd by shares

 

 


Ⅱ. Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President

Mr.

Lee Seung-Ki

Male

Korean

07/12/2004

Director

Mr.

Moon Ki-Jong

Male

Korean

07/12/2004

Director

M/S

Kim Yon-Sook

Female

Korean

10/27/2004

Auditor

Mr.

Woo Sung-Kwon

Male

Korean

07/12/2004

 

 

Financials

                 Unit: KRW

Year

Sales

Assets

Net income

2005

Est. 1,800,000,000

 

 

2004

 

 

 

2003

 

 

 

2002

 

 

 

 

 

Financial Description

Unit: KRW

Authorized Capital

1,600,000,000

Paid-Up Capital

750,000,000

Total Issued Shares

1,500,000

 

Balance Sheet                           Unit: Million KRW

 

2004

2003

2002

Total Assets

 

 

 

Current Assets

 

 

 

Quick assets

 

 

 

Inventories

 

 

 

Fixed Assets

 

 

 

Investments

 

 

 

Tangibles

 

 

 

Intangibles

 

 

 

Total Liabilities

 

 

 

Current Liabilities

 

 

 

Fixed Liabilities

 

 

 

Capital Stock

 

 

 

Capital Surplus

 

 

 

Profit Surplus

 

 

 

Capital Adjustment

 

 

 

Total Equity

 

 

 

Total Liabilities & Equity

 

 

 

 

                                                Income Statement                        Unit Million KRW

 

2004

2003

2002

Sales

 

 

 

Cost of Sold Goods

 

 

 

Gross Profit

 

 

 

Selling & Admin. Expenses

 

 

 

Operating Income

 

 

 

Non-Operating Income

 

 

 

Non-Operating expenses

 

 

 

Ordinary Income

 

 

 

Special Income

 

 

 

Income Before Taxes

 

 

 

Income Taxes Expenses

 

 

 

Net Income

 

 

 

Bank Details

N/A

Corporate Registered No.

110111-3047762

Business Registered No.

N/A

Permit & Licenses

 

Shareholder Position

N/A

Company History

07/12/2004 Established

11/05/2004 Moved to the present address

 

 

Products, Technologies, Services Description

 

Main Products & Services

 

Detailed Products Spec.

 

Technologies Acquired

 

 

 


Organization Structure

 

Suppliers

Sovex-Woltner(France)

G.V.G(France)

Daniel Bessiere(France)

Vignobles Quet(France)

Lucien Lurton(France)

Vignobles Quet(France)

Vietti(Italy)

Domenico Clerico(Italy)

Albino Rocca(Italy)

F.LLI. Bera(Italy0

Paolo Scavino(Italy)

La Brancaia(Italy0

Jermann Vignaioli(Italy)

Gini (Italy)

Selvapiana(Italy)

Salcheto(Italy)

Il Molino di Grace(Italy)

Yaldara(Australia)

Mcguigan(Australia)

Tempus Two(Australia)

Matetic(Chile)

Santa Laura(Chile)

Vina Casablanca(Chile)

Forrest(New Zealand)

Firstland(New Zealand)

Bodega Noemia de Patagonia(Argentina)

Altos Las Hormigas(Argentina)

 

(Altos las Hormigas)

- Altos Malbec Reserva

- Altos Malbec

- Colonia las libre Bonarda

 

(Bodega Noemia de Patagonia)

- Bodega Noemia Malbec

- J. Alberto

- A Lisa

Customers

Wholesalers

Discount store

CVS

Regular Marts

Competitors

 

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

 

Overseas Office

 

Liaison Office

 

Overseas Branch

 

Join Venture

 

Subsidiary

 

Corporate Ownership

 

Major Shareholders

 

Cooperative Enterprise

 

 

 

Sales Spread

 

Unit : Mil KRW 

2005

2004

2003

Export

 

 

 

Domestic

 

 

 

Total

 

 

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions