MIRA
INFORM REPORT
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Report Date : |
12th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
VICTORY LEATHER |
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Registered Office : |
321-90, Seongsu-dong 2(i)-ga, Seongdong-gu, Seoul,
Korea |
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Country : |
Korea |
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Date of Incorporation : |
01.08.1999 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Leather products |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
Basic Information
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Company Name |
Victory Leather |
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Registered Address |
321-90, Seongsu-dong 2(i)-ga, Seongdong-gu, Seoul,
Korea |
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Zip Code |
133-120 |
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Tel |
+82-2-469-2007 |
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Fax |
+82-2-468-2008 |
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E-mail |
Victory011@hotmail.com |
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Trading
Address |
321-90, Seongsu-dong 2(i)-ga, Seongdong-gu, Seoul,
Korea |
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Tel |
+82-2-469-2007 |
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Fax |
+82-2-468-2008 |
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Type |
Import |
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Industry |
Wholesales of Leather products |
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Established |
08/01/1999 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Leather products |
CEO’s
|
Name |
Oh Seung-Joong |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
Nor Applicable to
the Sole Proprietorship |
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Employees |
2 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial Bank of Korea |
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Corporate Registered No. |
Nor Applicable to the Sole Proprietorship |
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Business Registered No. |
N/A |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
08/01/1999
Established |
Due to the lack of the information, we
contacted the subject directly and talked with Mr. Oh Seung-Joong. He only confirmed of the above contacts.
He tried to import from India since 2006, but
it is delayed. He thinks one of reasons of the delays is from language issues.
He told us his English is not good.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Oh Seung-Joong |
Male |
Korean |
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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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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%)