MIRA
INFORM REPORT
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Report Date : |
21st
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
DADA
CORPORATION |
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Registered Office : |
790-4,
Yeoksam-Dong, Gangnam-GU, Seoul, Korea |
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Country : |
Korea |
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Financials (as on) : |
06/30/2005 |
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Date of Incorporation : |
07/01/1985 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturers of Hats, Caps and Handbags |
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 : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Ⅰ.
Basic Information
Basic
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Company Name |
Dada
Corporation |
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Address |
790-4,
Yeoksam-Dong, Gangnam-GU, Seoul, Korea |
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Building |
Dada
Center B/D. |
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Zip Code |
135-080 |
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Tel |
+82-2-559-9000 |
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Fax |
+82-2-538-0113 |
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E-mail |
webmaster@dada.co.kr |
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Website |
www.e-dada.com |
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Other Address |
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Tel |
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Fax |
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Type |
Export/Import |
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Industry |
Manufacture of Hats |
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Main
Business |
Caps, Handbags |
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Sub
Business |
Wholesale of Wear Accessaries |
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Established (mm/dd/yyyy) |
07/01/1985 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Handbags or purses(53121601) |
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Sell |
Caps(53102516) |
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Buy |
Wool fabrics(11161600) |
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Buy |
Leathers(11162300) |
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Buy |
Cotton fabrics(11161700) |
Others
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Name |
Park, Boo-Yil |
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Address |
56-3, Yangjae-dong
,Seocho-gu, Seoul, 137-130 Korea |
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Date of Birth (mm/dd/yyyy) |
02/09/1943 |
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Title |
Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
4,500,000,000KRW |
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Employees |
231 |
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Formation |
Co., Ltd by shares |
Ⅱ. Detailed Information
Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
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Chairman & CEO |
Mr. |
Park, Boo-Yil |
Male |
Korean |
09/30/2002 |
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Director |
M/S |
Kwon Kyung-Soon |
Female |
Korean |
09/30/2002 |
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Director |
Mr. |
Park Sung-Bae |
Male |
Korean |
09/30/2002 |
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Auditor |
Mr. |
Yoon Hee-Sub |
Male |
Korean |
09/23/2005 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2005 |
88,084,434,415 |
50,953,765,578 |
264,249,166 |
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2004 |
90,559,473,453 |
54,683,197,204 |
830,086,618 |
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2003 |
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2002 |
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Financial Description
Unit: KRW
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Authorized
Capital |
11,200,000,000 |
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Paid-Up
Capital |
4,500,000,000 |
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Total Issued Shares |
900,000 |
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Balance
Sheet Unit:
KRW |
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As of 06/30/2005 |
As of 06/30/2004 |
2003 |
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Total Assets |
50,953,765,578 |
54,683,197,204 |
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Current Assets |
23,049,539,087 |
24,226,485,217 |
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Quick
assets |
20,366,614,777 |
22,290,954,888 |
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Inventories |
2,682,924,310 |
1,935,530,329 |
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Fixed
Assets |
27,904,226,491 |
30,456,711,987 |
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Investments |
18,343,622,145 |
20,328,832,098 |
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Tangibles |
9,055,236,685 |
9,315,481,496 |
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Intangibles |
505,367,661 |
812,398,393 |
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Total Liabilities |
24,826,269,137 |
26,449,224,358 |
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Current Liabilities |
21,358,537,536 |
23,122,117,361 |
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Fixed Liabilities |
3,467,731,601 |
3,327,106,997 |
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Capital Stock |
4,500,000,000 |
4,500,000,000 |
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Capital Surplus |
- |
- |
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Profit Surplus |
26,237,546,392 |
25,973,297,226 |
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Capital Adjustment |
(-)4,610,049,951 |
(-)2,239,324,380 |
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Total Equity |
26,127,496,441 |
28,233,972,846 |
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Total Liabilities & Equity |
50,953,765,578 |
54,683,197,204 |
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Income Statement Unit : KRW |
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As of 06/30/2005 |
As of 06/30/2004 |
2003 |
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Sales |
88,084,434,415 |
90,559,473,453 |
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Cost of Sold Goods |
67,304,416,659 |
64,804,645,007 |
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Gross Profit |
20,780,017,756 |
25,754,828,446 |
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Selling
& Admin. Expenses |
18,441,592,729 |
21,689,488,025 |
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Operating Income |
2,338,425,027 |
4,065,340,421 |
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Non-Operating Income |
2,295,010,806 |
1,742,067,375 |
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Non-Operating expenses |
4,276,026,056 |
5,015,260,934 |
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Ordinary Income |
357,409,777 |
792,146,862 |
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Special Income |
- |
- |
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Income Before Taxes |
357,409,777 |
792,146,862 |
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Income Taxes Expenses |
93,160,611 |
(-)37,939,756 |
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Net Income |
264,249,166 |
830,086,618 |
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Bank Details |
Hana Bank Nonhyun-Dong Branch |
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Corporate Registered
No. |
110111-0406218 |
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Business Registered
No. |
220-81-17249 |
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Permit &
Licenses |
12/06/1994 Patent : Package for eyeshades with
caps(USA) 04/15/1999 patent (10-0208141-0000) 01/19/2001 Patent (10-0287076-0000) |
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Shareholder
Position |
Park, Boo-Yil and his family holds 100% shares. |
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Company History |
1974 Established
Daedo Trading 1985 Changed
company name to Dada Corporation 1998 Established
4 overseas corporations 1999 Moved to the
present address 2003 Awarded
Grand prize of Korea’s 100 patents 2003 Awarded
Golden Top Decoration |
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Products, Technologies, Services
Description
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Main
Products & Services |
-Functional Fabric Tactel is a high-quality nylon developed by
Dupont. It is produced by modifying a synthetic nylon fiber which is given
the nickname 'silk extracted from petroleum'. Because it is made using very
fine fibers it is more superior in heat resistance to the existing nylon and
feels much softer. Antibacterial treatment can also be added to increase the
pleasantness felt on the skin. Coolmax is a polyester fabric developed by Dupon.
Because it has a 20% larger surface area than ordinary fibers it enables
sweat to be absorbed and released regardless of the weather to create a
constant feeling of coolness and comfort. Softtech is much lighter than the general
POLAR-FLEECE fabric with excellent heat insulation qualities and soft
texture. Tencel is 100% natural and is manufactured
through a process designed to be environmentally friendly. It is of fine
quality, possessing all the characteristics of natural fibers while at the
same time having all the excellent functional features of synthetic fibers. -Cotton Broken-twill is a variation in twill fabric
formation in which the ridge lines are disconnected to create a fabric with a
smooth surface. It is not twisted easily like ordinary twill fabrics. GB Cotton is a double fold fabric which has
patterns added on at the manufacturing stage to create a fabric surface with
thick sporty creases. Broken line is a cotton fabric comprised of
horizontal creases on the surface. Square Cotton is a practical 100% cotton material
outstanding in absorbency and permeability. Having a checkered pattern,
square cotton presents a chess board like effect, which displays
quardrilateral changes according to the light conditions. -Synthetic Fabric Micro-suede is a synthetic fabric manufactured with
ultra micro fibers to create a light fabric with a soft texture that is
easily cared. By treating the surface with a buffing and peach process a
Suede effect is created. Dazzle polyester is a economic fabric with bright
colors and excellent shine. Cotton Peach Pu is a cotton fabric treated with
coating to create a product with excellent waterproof qualities. Shiny Mesh is a 100% mesh fiber with excellent
durability and shine. It has a high degree of strength and restoration
ability which makes it a product that maintains a stable shape. Polynet is a mesh product characterized by a knit
formation. It is produced by 100% polyester which gives it a neo-sensual
design, cool feeling, and lightness when worn. |
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Detailed
Products Spec. |
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Technologies
Acquired |
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Organization Structure
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Suppliers |
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Customers |
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Competitors |
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Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
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Affiliates |
DADA Industries PAXCO AMI(SUZHOU) DADA(DHAKA) DADA(SAVAR) DADA(SUZHOU) Damonet P.T.DADA R.I PAX(SUZHOU) PAXKO LTD UNIPAX LTD |
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Overseas Office |
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Liaison Office |
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Overseas Branch |
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Join Venture |
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Subsidiary |
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Corporate Ownership |
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Major Shareholders |
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Cooperative Enterprise |
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Sales
Spread
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Unit : Mil KRW |
2005 |
2004 |
2003 |
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Export |
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Domestic |
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Total |
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The subject
exports to USA.
RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |