MIRA INFORM REPORT

 

 

Report Date :

07.05.2007

 

IDENTIFICATION DETAILS

 

Name :

TREAN WORLD CO., LTD.

 

 

Registered Office :

# 302, 403-1, Seogyo-dong ,Mapo-gu, Seoul - 121-840

 

 

Country :

Korea

 

 

Date of Incorporation :

01/25/2005

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Wholesales of Agricultural Products

Wholesales of Construction Materials

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

TREAN WORLD CO., LTD.

Registered Address

#302, 403-1, Seogyo-dong ,Mapo-gu, Seoul, Korea

Zip Code

121-840

Tel

+82-2-319-6868

Fax

+82-2-319-5995

E-mail

webmaster@traen.co.kr

Website

www.traenworld.com

Trading Address

#302, 403-1, Seogyo-dong ,Mapo-gu, Seoul, Korea

Tel

+82-2-319-6868

Fax

+82-2-319-5995

Type

Import/Export

Industry

Tourism Service, Spa Development, Natural Resorts Development

  Main Business

Wholesales of Agricultural Products, Wholesales of Construction Materials

Established (mm/dd/yyyy)

01/25/2005

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Tourism Service

Sell

Resort Development

Sell

Agricultural Products

Sell

Construction Materials

 

 

CEO’s

 

Name

Hur Chang-Won

Address

141-12, Gosaek-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea

Date of Birth

08/21/1968

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

100,000,000 KRW

Employees

8

Formation

Co., Ltd by shares

Bank Details

Kookmain Bank

Corporate Registered No.

110111-3158626

Business Registered No.

N/A

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

01/25/2005 Established

05/23/2005 Increased the number of the authorized shares from 80,000 to 1,000,00 shares

12/05/2005 Moved to the present address from 90-10, Jeo-dong 1-ga ,Jung-gu, Seoul, Korea

The Subject develops the places and themes for attracting the tourists, especially in local counties in Korea.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Hur Chang-Won

Male

Korean

12/01/2006

Director

Mr.

Yoon Chi-Sung

Male

Korean

01/25/2005

Director

Mr.

Kim Jeong-Sook

Female

Korean

01/25/2005

Director

Mr.

Kim Kang-Sik

Male

Korean

05/23/2005

Auditor

Mr.

Oh Tae-Kyun

Male

Korean

01/25/2005

Director

Mr.

Kim Han-Ho

Male

Korean

Seoul National University

Director

Mr.

Koo Chul-Seung

Male

Korean

Joennam Natnal University

Director

Mr.

Park Young-Sun

Male

Korean

Seoul National University

Director

Mr.

Lee Jeong-Rok

Male

Korean

-

Director

Mr.

Wang Jong-Doo

Male

Korean

Kookmin University

Director

Mr.

Han Jeong-Hwan

Male

Korean

Seoul National University

Mr. Yoon Chi-Sung has completed ‘Tourism Management’ Course at Ryde College, Australia.

Mr. Kim Kang-Sik has graduated from Yonsei University and worked for Kumho Group.

 

 

Financials

 

The financial is not available.

 

 

Financial Description    

 

Unit: KRW

Authorized Capital

5,000,000,000

Paid-Up Capital

100,000,000

Total Issues Shares

20,000

 

 

Trade Partners

 

Customers

The local county authorities, Ministry of Agriculture & Forestry-Republic of Korea,

Rural Development Administration

 

 

 

 

 

 

 

 

Related Parties (Subsidiaries, Joint-

Venture & Affiliates)

 

Affiliates

TREAN CO., LTD.

KRDI CO., LTD.

 

 

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%)

 

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