MIRA INFORM REPORT

 

Report Date :

29.05.2007

 

IDENTIFICATION DETAILS

 

Name :

WIN WIN CORPORATION

 

 

Registered Office :

Rm. 3610, Hanhwa Obelisk Officetel, 555, Dohwa-dong, Mapo-gu, Seoul

 

 

Country :

Korea

 

 

Date of Incorporation :

07/14/2004

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Wholesales of Yarns

 

 

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

WIN WIN CORPORATION

Registered Address

555, Dohwa-dong, Mapo-gu, Seoul, Korea

Building

Rm. 3610, Hanhwa Obelisk Officetel

Tel

+82-2-6677-2783~4

Fax

+82-2-6677-2785

E-mail

winwinco@korea.com

Trading Address

Rm. 3610, Hanhwa Obelisk Officetel, 555, Dohwa-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-6677-2783~4

Fax

+82-2-6677-2785

Type

Import/Export

Industry

Wholesales of Yarns

  Main Business

Textile Machinery

Established (mm/dd/yyyy)

07/14/2004

 

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Yarn

Sell

Textile Machinery

Sell

Core Spun Yarn

Sell

Cotton Yarn

Sell

Rayon Yarn

Sell

PET Chip Bottle Grade

 

 

CEO’s

 

Name

Lee Young-Hwa

(Mobile: +82-11-448—2784)

Address

1303, Sinjeong-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

04/23/1966

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

100,000,000 KRW

Employees

1

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-3049164

Business Registered No.

107-86-52*** (Full number is not available.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

07/14/2004 Established

03/21/2005 Moved to the present address from 61-3, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative Director

Mr.

Lee Young-Hwa

Male

Korean

07/14/2004

Auditor

M/S.

Jeon Yoon-Ja

Female

Korean

05/02/1968

 

 

Financials                                                

 

Unit: KRW

Year

Sales

Assets

Net income

2005

1,539,000,000

 

 

2004

383,000,000

 

 

 

The latest financial is not available.

 

 

Financial Description

 

                                                                                                                                    Unit: KRW

Authorized Capital

400,000,000

Paid-Up Capital

100,000,000

Total Issues Shares

20,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Spandex Yarn, Nylon Yarn, Polyester Yarn, Cotton Yarn, Textile Machinery, Industrial Machinery

 

 

Sales by Region (Activity & Markets)

 

The Subject deals with the companies in Bangladesh, India, Vietnam, USA and Europe.

 

 

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