MIRA INFORM REPORT

 

 

Report Date :

10th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

WOO CHANG LEATHER COMPANY

 

 

Registered Office :

310-1, Seongsu 2-ga 1-dong, Seongdong-gu, Seoul, Korea

 

 

Country :

Korea

 

 

Date of Incorporation :

12.04.2005

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Other Agricultural Raw Materials and Live Animals.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Small Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


Basic Information

 

Company Name

Woo Chang Leather Company

Address

310-1, Seongsu 2-ga 1-dong, Seongdong-gu, SEOUL, KOREA

Building

1st Fl.

Zip Code

133-827

Tel

+82-2-499-1027

Fax

+82-2-499-1096

Type

Export/Import

Industry

Wholesale of Other Agricultural Raw Materials and Live Animals

Main Business

Leather

Established

04/12/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Leathers(11162300)

 

 

Others

 

Name

Park Seong-Su

Address

N/A

Date of Birth

N/A

Title

Owner

Sex

Male

Nationality

Korean

Capital

N/A

-Sole Proprietorship does not have any obligation to have any legal paid-up capital.

Employees

2

Formation

Sole Proprietorship

The subject deals with the companies in China, Pakistan and India.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

Mr.

Park Seong-Su

Male

Korean

04/12/2005

 

 

Bank Details  

 

Kookmin Bank

 

 

Company History

 

04/12/2005 Established

 

 

Products, Technologies, Services Description

 

Main Products & Services

Mineral and Textile and Inedible Plant and Animal Materials

Fabrics and leather materials

Leather

 

The subject imports and sells Leather used for Shoes, Wallet and Belt.

 


 

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

 

 

 

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