MIRA INFORM REPORT

 

 

Report Date :

05.06.2007

 

IDENTIFICATION DETAILS

 

Name :

DAE GUN LEATHER CO.

 

 

Registered Office :

Rm. 103, 126-5, Bongnaedong 1-ga, Jung-gu, Seoul - 100-161

 

 

Country :

Korea

 

 

Date of Incorporation :

08/26/1996

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Other Agricultural Raw Materials and Live Animals

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

DAE GUN LEATHER CO.

Registered Address

126-5, Bongnaedong 1-ga, Jung-gu, SEOUL, KOREA

Building

Rm. 103

Zip Code

100-161

Tel

+82-2-774-3325  +82-2-774-3340

Fax

+82-2-774-3319

E-mail

langkeni@hotmail.com

Website

www.e-daegun.net

Trading Address

Rm. 103, 126-5, Bongnaedong 1-ga, Jung-gu, SEOUL, KOREA

Tel

+82-2-757-2460  

Fax

+82-2-774-3319

Type

Export/Import

Industry

Wholesale of Other Agricultural Raw Materials and Live Animals

  Main Business

Leather, Fur

Established (mm/dd/yyyy)

08/26/1996

 

The Subject occupies the premises of registered address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Leathers(11162300)

 

 

CEO’s

 

Name

Kim Yeong-Seon

Date of Birth

05/06/1960

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

5

Formation

Sole Proprietorship

Bank Details

Industrial Bank of Korea-Nambaemoon Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

 104-43-81618

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

08/26/1996 Established

 

The Subject imports the leather for Shoes and Hand Bags and wholesales to the domestic shoes/hand bags manufacturers including Keum Kang, ELCANTO and Tandy Collection.

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

Mr.

Kim Yeong-Seon

Male

Korean

08/26/1996

 

 

Financials 

 

                                                                                                                                        Unit: KRW

Year

Sales

Assets

Net income

2005

4,417,000,000

 

 

2004

3,108,000,000

 

 

 

The latest financial is not available.

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Leathers for Shoes and Hand Bags

 

 

Trade Partners

 

Customers

Keum Kang, ELCANTO, Tandy Collection

Competitors

Changsung Leather, Hunting World, Woosung Mulsan, Taesung Leather, 3G Corporation, SKFC

 

 

Sales by Region (Activity & Markets)

 

The Subject imports the leather from China.

 

 

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

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

 

 

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%)

 

 

 

 

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