MIRA
INFORM REPORT
|
Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DONG AND NAM SHOES CO.,
LTD. |
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Registered Office : |
424-23, Ahyeon-dong,
Mapo-gu, Seoul - 121-010 |
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Country : |
Korea |
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Date of Incorporation : |
01/07/2005 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Leather Products |
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 Company |
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|
|
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Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
Basic
|
Company Name |
DONG AND NAM SHOES CO.,
LTD. |
|
Registered Address |
424-23, Ahyeon-dong,
Mapo-gu, Seoul, Korea |
|
Zip Code |
121-010 |
|
Tel |
+82-2-393-8161 |
|
Fax |
+82-2-393-2777 |
|
Type |
Import/Export |
|
Industry |
Manufacture of Leather Products (Shoes,
Hand Bags, Belt) |
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Established (mm/dd/yyyy) |
01/07/2005 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Leather Shoes |
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Sell |
Leather Bags |
|
Sell |
Leather Belts |
CEO’s
|
Name |
Kong Sung-Chan |
|
Address |
481, Apgujeong-dong, Gangnam-gu, Seoul, Korea |
|
Date of Birth |
11/22/1962 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
200,000,000 KRW |
|
Employees |
4 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Industrial Bank of Korea Sungsu Dong Branch Hana Bank |
|
Corporate Registered No. |
110111-3146077 |
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Business Registered No. |
N/A |
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Permit & Licenses |
ISO 9001:2000 |
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Shareholder Position |
N/A |
|
Company History |
01/07/2005 Established 09/27/Increased capital to 200,000,000 KRW
from 50,000,000 KRW |
The Subject manufactures and sells the
leather shoes for women through major internet shopping malls including
www.Auction.co.kr, www.shinsegae.com
and www.lotte.com.
It is known that the products with the brand,
iSABEL, is well established and reputable to the customers.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Kong Sung-Chan |
Male |
Korean |
01/07/2005 |
|
Director |
Mr. |
Park Kyung-Sik |
Male |
Korean |
09/26/2006 |
|
Auditor |
Mr. |
Choi Chang-Keun |
Male |
Korean |
09/26/2006 |
Financials
The financial is not available.
Financial Description
|
Authorized Capital |
200,000,000 |
|
Paid-Up Capital |
200,000,000 |
|
Total Issues Shares |
20,000 |
Products,
Technologies, Services
Description
|
Main Products & Services |
Women’s Shoes Brand Name: iSABEL |
Trade Partners
|
Customers |
The Subject is selling the leather shoes
products, called as iSABEL, through Lotte and Hyundai Department Stores, and
also through internet shopping mall. |
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 |
|
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%)