MIRA
INFORM REPORT
|
Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DONGWON M.F. LTD. |
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Registered Office : |
Rm. 301, Boeun Bldg., 216-4, Nonhyeon 2-dong, Gangnam-gu, Seoul -
135-829 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2003 |
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Date of Incorporation : |
08/13/1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Other Construction Materials. |
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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
DONGWON
M.F. LTD. |
|
Registered Address |
216-4,
Nonhyeon 2-dong, Gangnam-gu, SEOUL, KOREA |
|
Building |
Rm. 301, Boeun Bldg. |
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Zip Code |
135-829 |
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Tel |
+82-2-511-7564 |
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Fax |
+82-2-511-7566 |
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Trading Address |
Rm.
301, Boeun Bldg., 216-4, Nonhyeon 2-dong, Gangnam-gu, SEOUL, KOREA |
|
Tel |
+82-2-511-7564 |
|
Fax |
+82-2-511-7566 |
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Type |
Import |
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Industry |
Wholesale of Other Construction Materials n.e.c. |
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Main Business |
Artificial Marble |
|
Sub Business |
Brick Laying and Stone Setting Works |
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Established (mm/dd/yyyy) |
08/13/1999 |
The Subject occupies the premises of
registered address by leasing.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Stone |
|
Sell |
Artificial Marble |
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Sell |
Construction Materials |
CEO’s
|
Name |
Lim Kwang-Myung |
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Address |
869, Dogok-dong, Gangnam-gu, Seoul, Korea |
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Date of Birth |
03/10/1955 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
250,000,000 KRW |
|
Employees |
6 |
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Bank Details |
Industrial Bank of Korea Samsung Station Branch |
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Corporate Registered No. |
110111-1752446 |
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Business Registered No. |
211-86-55491 |
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Permit & Licenses |
Int’l Trade No.: 11370107 |
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Shareholder Position |
Lim Kwang-Myung : 61.0% Jeong Hei-Seung : 13.0% LIm Kwang -Ok : 13.0% Others : 23.0% |
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Company History |
08/13/1999 Established 11/10/2004 Increased capital to
250,000,000 KRW from 100,000,000 KRW |
The Subject Company imports the stones, and
marbles, and wholesales and provides construction services.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Lim Kwang-Myung |
Male |
Korean |
08/13/1999 |
|
Director |
Mr. |
Koo Bon-Keun |
Male |
Korean |
04/09/2003 |
|
Director |
Mr. |
Lim Kwang-Joon |
Male |
Korean |
04/09/2003 |
|
Auditor |
M/S. |
Kim Hei-Ran |
Female |
Korean |
04/09/2003 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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|
|
|
|
|
2004 |
3,800,000,000 |
|
|
|
2003 |
4,482,000,000 |
1,420,000,000 |
109,000,000 |
|
2002 |
3,583,000,000 |
1,534,000,000 |
58,000,000 |
The latest financial is not available.
Financial Description
Unit: KRW
|
Authorized
Capital |
400,000,000 |
|
Paid-Up
Capital |
250,000,000 |
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Total Issues Shares |
50,000 |
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Balance Sheet |
|||
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Unit : Million Korean Won |
As of 12/31/2003 |
As of 12/31/2002 |
As of 12/31/2001 |
|
Total Assets |
1,420 |
1,534 |
939 |
|
Current Assets |
1,358 |
1,512 |
918 |
|
-Quick Assets |
1,347 |
1,439 |
802 |
|
-Inventories |
11 |
73 |
116 |
|
Fixed Assets |
62 |
22 |
21 |
|
-Investment |
57 |
16 |
16 |
|
-Tangibles |
5 |
6 |
5 |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
1,004 |
1,227 |
689 |
|
Current Liabilities |
991 |
1,227 |
689 |
|
Fixed Liabilities |
13 |
- |
- |
|
Capital Stock |
100 |
100 |
100 |
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Capital Surplus |
- |
- |
- |
|
Profit Surplus |
316 |
207 |
150 |
|
Capital Adjustment |
- |
- |
- |
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Total Equity |
416 |
307 |
250 |
|
Liab. & Shareholder’s Equity |
1,420 |
1,534 |
939 |
|
Income Statement |
|||
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Unit : Million Korean Won |
As of 12/31/2003 |
As of 12/31/2002 |
As of 12/31/2001 |
|
Sales |
4,482 |
3,583 |
2,215 |
|
Cost of Sold Goods |
3,671 |
2,920 |
1,815 |
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Gross Profit |
811 |
663 |
400 |
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Selling & Admin. Expenses |
537 |
564 |
321 |
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Operating Income |
274 |
99 |
79 |
|
Non-Operating Income |
43 |
21 |
20 |
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Non-Operating expenses |
182 |
51 |
39 |
|
Ordinary Income |
135 |
69 |
60 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
135 |
69 |
60 |
|
Income Taxes Expenses |
26 |
11 |
10 |
|
Net Income |
109 |
58 |
50 |
Products, Technologies,
Services
Description
|
Main
Products & Services |
Marbles & Stones |
Sales by Region (Activity
& Markets)
Not Available.
Court Action
Not Available.
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 |
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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 |
|
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 |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)