MIRA
INFORM REPORT
|
Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
G P
DIAMONDS CO. LTD. |
|
|
|
|
Registered Office : |
64-1, Myo-dong, Jongno-gu, SEOUL, KOREA |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on): |
31.03.2003 |
|
|
|
|
Date of Incorporation : |
31.01.2000 |
|
|
|
|
Legal Form : |
Limited
Company |
|
|
|
|
Line of Business : |
Wholesale of Watches and Jewellery |
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 |
Basic
Information
|
Company Name |
GP Diamonds
Co., Ltd. |
|
Address |
64-1, Myo-dong, Jongno-gu, SEOUL, KOREA |
|
Building |
2nd Fl., Hanmi Complex |
|
Zip Code |
110-370 |
|
Tel |
+82-2-766-4880 |
|
Fax |
+82-2-745-4880 |
|
E-mail |
redstone@gpdia.com |
|
Website |
www.gpdia.com |
|
Type |
Export/Import |
|
Industry |
Wholesale of Watches and Jewellery |
|
Main
Business |
Diamond, Jewelry |
|
Established |
01/31/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Necklaces(54101602) |
|
Sell |
Rings(54101603) |
|
Sell |
Earrings(54101604) |
|
Sell |
Bracelets(54101601) |
|
Sell |
Body jewelry(54101605) |
|
Sell |
Barrettes(53131633) |
Others
|
Name |
Lee Tae-Myung |
|
Address |
365-2, Yangjae-dong, Seocho-gu, Seoul 137-130 Korea |
|
Date of Birth |
10/15/1972 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital |
1,784,100,000 KRW |
|
Employees |
20 |
|
Formation |
Co., Ltd by shares |
The subject deals
with the companies in Hong Kong, India, Japan and USA. The subject has been
known as number one Diamond dealing company in domestic market.
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
President & CEO |
Mr. |
Lee Tae-Myung |
Male |
Korean |
01/31/2000 |
|
Director |
M/S |
Yoo Kwang-Soon |
Female |
Korean |
01/31/2000 |
|
Director |
M/S |
Ko Na-Young |
Female |
Korean |
01/31/2000 |
|
Auditor |
Mr. |
Noh
Young-Soo |
Male |
Korean |
06/04/2002 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2005 |
|
|
|
|
2004 |
2,378,000,000 |
|
|
|
2003 |
3,993,000,000 |
1,671,000,000 |
120,000,000 |
|
2002 |
3,404,000,000 |
1,547,000,000 |
102,000,000 |
The latest financial is not available.
Financial Description
Unit: KRW
|
Authorized
Capital |
4,000,000,000 |
||
|
Paid-Up
Capital |
1,784,100,000 |
||
|
Total Issues Shares |
356,820 |
||
|
|
|||
|
Balance
Sheet Unit : Million Korean Won |
|||
|
|
As of 12/31/2003 |
As of 12/31/2002 |
As of 12/31/2001 |
|
Total Assets |
1,671 |
1,547 |
138 |
|
Current Assets |
1,581 |
1,436 |
103 |
|
-Quick
Assets |
796 |
636 |
2 |
|
-Inventories |
785 |
800 |
101 |
|
Fixed
Assets |
90 |
111 |
35 |
|
-Investment |
41 |
46 |
12 |
|
-Tangibles |
49 |
65 |
23 |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
1,398 |
1,493 |
187 |
|
Current Liabilities |
1,098 |
1,493 |
187 |
|
Fixed Liabilities |
300 |
- |
- |
|
Capital Stock |
150 |
50 |
50 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
123 |
4 |
-99 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
273 |
54 |
-49 |
|
Liab. & Shareholder’s Equity |
1,671 |
1,547 |
138 |
|
|
|||
|
Income Statement Unit : Million Korean
Won |
|||
|
|
As of 12/31/2003 |
As of 12/31/2002 |
As of 12/31/2001 |
|
Sales |
3,993 |
3,404 |
1,682 |
|
Cost of Sold Goods |
3,358 |
3,013 |
1,573 |
|
Gross Profit |
635 |
391 |
109 |
|
Selling
& Admin. Expenses |
521 |
282 |
184 |
|
Operating Income |
114 |
109 |
-75 |
|
Non-Operating Income |
49 |
- |
- |
|
Non-Operating expenses |
38 |
7 |
- |
|
Ordinary Income |
125 |
102 |
-75 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
125 |
102 |
-75 |
|
Income Taxes Expenses |
5 |
- |
- |
|
Net Income |
120 |
102 |
-75 |
|
Bank Details |
Woori Bank Jongro 4-Ga Branch |
||
|
Corporate Registered
No. |
110111-1867782 |
||
|
Business Registered
No. |
101-81-54114 |
||
|
Permit &
Licenses |
|
||
|
Shareholder
Position |
Lee Tae-Myung -90.0% Yoo Kwang-Soon-5.0% Ko Na-Young-5.0% |
||
|
Company History |
01/31/2000
Established 03/02/2006 Moved
to the present address 03/23/2006
Increased capital to 1,784,100,000 KRW |
||
Products, Technologies, Services
Description
|
Main
Products & Services |
The subject imports Diamonds, and distributes
& exports Jewelry. As of 06/30/2006, the subject’s imported amount
of Diamonds has been ranked at No. 1. |
Organization Structure
|
Competitors |
Golden
Dew Divas
Diamonds Samshin
Diamond Watch
Planning MyungGa
International Gembross Lex Pletinum
Gild Pricess |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|