MIRA INFORM REPORT

 

 

Report Date :

11.05.2007

 

IDENTIFICATION DETAILS

 

Name :

ROSE TELECOM CO., LTD

 

 

Registered Office :

2nd Fl., Cheongrok Bldg., 721-29, Yeoksam 2-dong, Gangnam-gu, Seoul - 135-920

 

 

Country :

Korea

 

 

Date of Incorporation :

11/04/2005

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Manufacture of Communication Apparatuses without any line connection and Radio or Television Broadcasting Apparatuses

 

 

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

ROSE TELECOM CO., LTD.

Registered Address

721-29, Yeoksam 2-dong, Gangnam-gu, SEOUL, KOREA

Building

2nd Fl., Cheongrok Bldg.

Zip Code

135-920

Tel

+82-2-539-7701

Fax

+82-2-539-7702

E-mail

fresia@rosetelecom.com;sonet777@rosetelecom.com

Website

www.rosetelecom.com

Trading Address

2nd Fl., Cheongrok Bldg., 721-29, Yeoksam 2-dong, Gangnam-gu, SEOUL, KOREA

Tel

+82-2-539-7701

Fax

+82-2-539-7702

Type

Export/Import

Industry

Manufacture of Communication Apparatuses Without Any Line Connection and Radio or Television Broadcasting Apparatuses

  Main Business

Wireless Telecom Communication Device

Established (mm/dd/yyyy)

11/04/2005

 

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Mobile Phone-CDMA Phone, GSM/GPRS Phone

Sell

Wireless Module

 

 

CEO’s

 

Name

Park Dong-Kook

Address

834-1, Myeongnyun-dong, Wonju-si, Gangwon-do, Korea

Date of Birth

04/10/1969

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

750,007,000 KRW

Employees

7

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-3336933

Business Registered No.

220-87-***** (Full number is not available.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

10/10/2006 Increased capital to 750,007,000 KRW from 385,875,000 KRW

05/2006 License Agreement with QUALCOMM on QSC6010,6020,6030 S/W License 

05/2006 License Agreement with QUALCOMM on MSM5500,6000,6050, 6500 S/W License 

02/28/2006 Issued Convertible Bond(CB) at 200,000,000 KRW

02/24/2006 Increased the authorized share number to 20,000,000 shares from 400,000 shares.

02/2006 License Agreement with QUALCOMM on CDMA Subscriber Unit License and CDMA 

02/2006 Modem Cards License- MSM5000, 5100, 5105, 6025, etc. 

11/2005 License Assignment Agreement with Sejin Electron, Inc. 

11/2005 ROSE Telecom founded (November 4, 2005)

11/04/2005 Established

 

The Subject Company is founded in November, 2005 and headquartered in Seoul, Korea that provides CDMA and GSM/GPRS handsets and module/modems, Although ROSE is recently setup company, it is known that its employees and management have a long experience in mobile data communications industries. And The Subject Company has a promotion plan on wireless terminals through the strategic partnership with design houses, manufacturing facilities and distribution channels.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Park Dong-Kook

Male

Korean

11/04/2005

Director

Mr.

Kim Jin-San

Male

Korean

11/04/2005

Director

Mr.

Yoon Seok-Won

Male

Korean

02/24/2006

Auditor

Mr.

Lee Joong-Seok

Male

Korean

11/04/2005

 

 

Financials                                              

 

Unit: KRW

Year

Sales

Assets

Net income

2005

53,000,000

 

 

 

The latest financial is not available.

 

 

Financial Description 

 

                                                                                                                                      Unit: KRW

Authorized Capital

1,000,000,000

Paid-Up Capital

750,007,000

Total Issues Shares

1,500,014

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Mobile Phone

-CDMA Phone

-GSM/GPRS Phone

 

Wireless Module

Detailed Products Spec.

-RC-CHM100  

PCMCIA(USB) Card

CDMA 1x 800MHz

Chipset : MSM6025

Size: 87 x 54 x 5.6 mm

Weight: 35g

USB 1.1 Interface 

Main Parameter: 5V/300mA (max power)

Data Rate: Max. 230.4Kbps

2-Way SMS Support

OS: Windows 2000/XP/98

R-UIM and Non-UIM Interface Support

Ear Jack Interface for Voice Communication

 

-RC-IM690  

USB Modem

CDMA 1x EVDO 800MHz or 1900MHz

Chipset : MSM6025

Size: 76 x 64 x 19 mm

Weight: g

USB 1.1 Interface

Voice Coding:

- 13K QCELP

- 8K EVRC

Data Rate: 

- 1x: Max. 153Kbps

- EVDO: Max. 2Mbps

TCP/IP Protocol Support

USB Power

- Sleep = 60mA

- Idle = 130mA

- Call = 380mA

ANT: Dipole Antenna

R-UIM Interface Support

Ear Jack Interface for Voice Communication

 

-GPS Locator Phone   

CDMA 1x 800MHz 

gpsOne technology 

Size: 67.75 x 45.05 x 19.98mm 

Weight: 68g 

Battery: Li-ion 900mAh (standby 120 hrs) 

Memory: 64MB (Flash ROM), 16MB (SRAM) 

LCD: Black & White (96 x 64 pixels) 

R-UIM support 

English & Spanish 

Emergency SOS button 

Emergency Call button

 

 

 

 

 

 

 

 

 

 

Related Parties (Subsidiaries, Joint-

Venture & Affiliates)

 

Cooperative Enterprise

License partner

-QUALCOMM (http://www.qualcomm.com/)

  

Business & Tecnology Partners

-CELINX CO. (http://www.celinx.com) 

-Daewoo International Corp. (http://www.daewoo.com)

-FIDELIX Co.,Ltd. (http://fidelix.co.kr) 

-HANTEL CO.,LTD (http://www.hantel.co.kr)

-INNOMTEK (http://www.innomtek.com) 

-INWIRELESS (http://www.inwireless.co.kr)

-SCD Co.,Ltd. (http://www.sscd.co.kr) 

-UZONE wireless Co.,Ltd .(http://www.myuzone.com) 

  

Manufacturing Partners

-KEDCOM (http://www.kedcom.com) 

-SEJIN ELECTRON (http://www.sejinelectron.co.kr)

 

 

Sales by Region (Activity & Markets)

 

The Subject exports its products to India and USA.

 

 

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