MIRA
INFORM REPORT
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Report Date : |
10th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DAVIS
DIAMOND CO. LTD. |
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Formerly known as: |
SION
DIAMOND CO., LTD. |
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Registered Office : |
97-1,
Bongik-dong, Jongno-gu, Seoul, Korea |
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Country : |
Korea |
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Date of Incorporation : |
21.02.2002 |
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Com. Reg. No.: |
110111-2451526 |
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Legal Form : |
Company
Limited by shares |
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Line of Business : |
Wholesale
of Watches and Jewelry. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
Basic Information
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Company Name |
Davis
Diamond Co. Ltd. |
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Address |
97-1, Bongik-dong,
Jongno-gu, SEOUL, KOREA |
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Building |
Rm.
401, Seongsang Bldg. |
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Zip Code |
110-390 |
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Tel |
+82-2-747-1802 |
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Fax |
+82-2-3676-8837 |
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E-mail |
contact@davis.co.kr; sales@davisdia.com |
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Website |
www.davisdia.com |
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Shop |
1FL., Seongsang
Bldg., 97-1, Bongik-dong, Jongno-gu, SEOUL, KOREA |
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Tel |
+82-2-747-1805~7 |
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Fax |
+82-2-762-6637 |
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Type |
Import |
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Industry |
Wholesale
of Watches and Jewelry |
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Main Business |
Diamond |
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Established |
02/21/2002 |
Detailed Products
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Activity |
Detailed
Products (UNSPSC) |
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Sell |
Diamond |
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Sell |
Jewelry |
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Sell |
Watches |
Others
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Name |
Hong
Yeun-Ho |
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Address |
728, Naebalsan-dong, Gangseo-gu, Seoul 157-280 Korea |
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Date of
Birth |
07/24/1962 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
300,000,000 KRW |
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Employees |
6 |
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Formation |
Co., Ltd by shares |
The subject imports Diamond from the companies in
India.
For 2005 and 2006, the subject has been ranked as 3rd
importer of Diamond and 1st Wholesaler in Korea.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Hong
Yeun-Ho |
Male |
Korean |
03/18/2002 |
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Director |
M/s. |
Kim
Young-Mi |
Female |
Korean |
03/28/2005 |
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Director |
Mr. |
Chang
Ki-Ho |
Male |
Korean |
11/17/2006 |
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Auditor |
M/s. |
Kim
Myung-Soon |
Female |
Korean |
03/28/2005 |
Financial Description
Unit: KRW
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Authorized
Capital |
400,000,000 |
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Paid-Up
Capital |
300,000,000 |
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Total Issues Shares |
60,000 |
Bank
Details
Industrial Bank of Korea
Jongro Branch
Corporate
Registered No.
110111-2451526
Company
History
02/21/2002 Established Sion Diamond Co.,
Ltd.
02/22/2002 Changed company name to the present
name
11/18/2006 Increased capital to 300,000,000
KRW from 100,000,000 KRW
Organization Structure
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Competitors |
GP Diamond Samshin Diamond DIKS Diamond EBM Corporation |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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