MIRA INFORM REPORT

 

 

Report Date :

03.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

DONGWON WINEPLUS CO., LTD.

 

 

Registered Office :

275, Yangjae-dong, Seocho-gu, 4FL., Dongwon Industries B/D.137-717, Seoul

 

 

Country :

Korea

 

 

Financials (as on) :

31.12.2004

 

 

Date of Incorporation :

02.06.2003

 

 

Com. Reg. No.:

129-81-58893

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesale of Alcoholic Beverages

 

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

Basic

 

Company Name

DONGWON WINEPLUS CO., LTD.

Registered Address

275, Yangjae-dong, Seocho-gu, Seoul, Korea

Building

4FL., Dongwon Industries B/D.

Zip Code

137-717

Tel

+82-2-589-3354

Fax

+82-2-589-3654

E-mail

webemploy@dongwon.com

Website

www.dongwonwine.co.kr

Trading Address

4FL., Dongwon Industries B/D., 275, Yangjae-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-589-3354

Fax

+82-2-589-3654

Type

Import

Industry

Wholesale of Alcoholic Beverages

  Main Business

Wine

Established (mm/dd/yyyy)

02/06/2003

The Subject occupies the premises of the registered address from Dongwon Industries Co., Ltd.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Wine(50202203)

Sell

Liquor

 

 

CEO’s

 

Name

Kim Sang-Yong

Address

55, Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

11/28/1959

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

320,000,000 KRW

Employees

10

Formation

Co., Ltd by shares

A Group of Donwon Group

Bank Details

Korea Exchange Bank

Corporate Registered No.

131111-0090371

Business Registered No.

129-81-58893

Permit & Licenses

Int’l Trade No.: 45079072

Shareholder Position

Dongwon Enterprise Co., Ltd       has 81.25% (52,000 Shares).

Company History

02/06/2003 Incorporated as the present name

12/23/2004 Decreased capital to 320,000,000 KRW from 340,000,000 KRW

03/03/2006 Moved to the present address from 463-3, Galhyeon-dong, Eunpyeong-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Kim Sang-Yong

Male

Korean

11/19/2007

Director

Mr.

Park In-Ku

Male

Korean

08/31/2006

Auditor

Mr.

Kim Ju-Kyo

Male

Korean

03/03/2006

 

 

Financials                                  Unit: KRW

 

Year

Sales

Assets

Net income

2005

1,130,212,000

971,152,000

(-)128,717,000

2004

435,000,000

384,000,000

68,000,000

2003

31,000,000

327,000,000

-

The latest financial is not available, and the subject does not have any obligation to releases its financials to the public.

 

 

Financial Description             Unit: KRW

 

Authorized Capital

5,000,000,000

Paid-Up Capital

320,000,000

Total Issues Shares

64,000

 

 

Balance Sheet

 

Unit : Million Korean Won

As of 12/31/2004

As of 12/31/2003

Total Assets

384

327

Current Assets

382

324

-Quick Assets

261

295

-Inventories

121

29

Fixed Assets

2

3

-Investment

2

3

-Tangibles

-

-

-Intangibles

-

-

Total Liabilities

34

25

Current Liabilities

31

25

Fixed Liabilities

3

         -

Capital Stock

320

340

Capital Surplus

-

-

Profit Surplus

30

          -

Capital Adjustment

-

-

Total Equity

350

302

Liab. & Shareholder’s Equity

384

327

 

 

 

 

 

 

Income Statement

 

Unit : Million Korean Won

As of 12/31/2004

As of 12/31/2003

Sales

435

31

Cost of Sold Goods

219

19

Gross Profit

216

12

Selling & Admin. Expenses

134

51

Operating Income

82

 -

Non-Operating Income

-

-

Non-Operating expenses

1

       -

Ordinary Income

82

   -

Special Income

-

-

Income Before Taxes

82

 -

Income Taxes Expenses

14

       -

Net Income

68

 -

 

 

Products, Technologies, Services Description

 

Main Products & Services

Wine

 

 

Trade Partners

 

Suppliers

FELSINA

CONO SUR-CHILE

Competitors

WORLD WINE CO., LTD.(180111-0425925)

WINE CASTLE LTD.(134211-0080103)

DAEYOO WINES CO., LTD.(110111-0549571)

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

DONGWON ENTERPRISE CO., LTD(110111-2217572)

DONGWON INDUSTRIES CO., LTD(110111-0003098)

DONGWON F & B CO., LTD(110111-2101816)

DONGWON HOMEFOOD. CO., LTD(110111-0946280)

DONGWON SYSTEMS CORPORATION(134111-0011712)

DONG YEONG COLD PLAZA CO., LTD(180111-0025783)

SUNJIN FEED MILL CO., LTD(180111-0044246)

DM FOODS CO., LTD.(211211-0000511

HAI TAI DAIRY CO., LTD.(130111-0001064

SAMJO FOODS LTD.(161511-0022122

TSQ INC.(161511-0008370)

E-FARM

DONGWON HRD

KOREA FARM

 

Sales by Region (Activity & Markets)

 

The Subject imports wines from France, Italy, Germany, Spain, Portugal, Chile, Australia, Argentina, and USA.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

-

 


 

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.

 

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