MIRA
INFORM REPORT
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Report Date : |
22.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MYUNGWON CO., LTD. |
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Registered Office : |
165-7, Dupo-ri, Papyeong-myeon, Paju-si, Gyeonggi-do 413-883 |
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Country : |
Korea |
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Date of Incorporation : |
11.20.2002 |
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Com. Reg. No.: |
128-81-77301 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Elevators |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
MYUNGWON CO., LTD. |
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Registered Address/Factory |
165-7, Dupo-ri, Papyeong-myeon, Paju-si,
Gyeonggi-do, Korea |
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Zip Code |
413-883 |
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Tel |
+82-31-954-5460 |
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Fax |
+82-31-954-5465~6 |
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E-mail |
my@myungwon.net |
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Website |
www.myungwon.net |
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Trading Address |
165-7, Dupo-ri, Papyeong-myeon, Paju-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-954-5460 |
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Fax |
+82-31-954-5465~6 |
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Type |
Export |
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Industry |
Manufacture of Elevators |
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Main Business |
Elevator, Dumbwaiter |
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Established (mm/dd/yyyy) |
11/20/2002 |
The Subject owns
premises of registered address/factory.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Passengers Elevator |
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Sell |
Freight Elevator |
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Sell |
Observation Elevator |
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Sell |
Automobile Elevator |
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Sell |
Hospital Elevator |
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Sell |
Dumbwaiter |
CEO’s
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Name |
Lee Yeun-Gun |
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Address |
233-6, Geumchon-dong, Paju-si, Gyeonggi-do, Korea |
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Date of Birth |
12/24/1962 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
500,000,000 KRW |
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Employees |
39 |
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Formation |
Co., Ltd by shares Venture Business |
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Bank Details |
Industrial Bank of Korea-Paju Branch |
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Corporate Registered No. |
115611-0040699 |
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Business Registered No. |
128-81-77301 |
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Permit & Licenses |
Int’l Trade No.: 45297069 |
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Shareholder Position |
N/A |
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Company History |
11/20/2002 Incorporated as the present
name 04/21/2005 Increased capital to
300,000,000 KRW from 100,000,000 KRW 09/06/2006 Moved to the present address from
3-79, Bongilcheon-ri, Jori-eup, Paju-si, Gyeonggi-do, Korea 04/14/2006 Designated as Venture Business 10/30/2007 Increased capital to
500,000,000 KRW from 300,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Lee Yeun-Gun |
Male |
Korean |
11/20/2002 |
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Director |
Mr. |
Kim Jang-Ok |
Male |
Korean |
11/20/2002 |
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Director |
Mr. |
Shin Dong-Gu |
Male |
Korean |
11/20/2002 |
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Auditor |
M/S. |
Choi Jung-Hwa |
Female |
Korean |
11/20/2002 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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5,000,000,000 |
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2005 |
3,450,000,000 |
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2004 |
3,047,000,000 |
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The full financial is not available, and the
subject does not have any obligation to releases its financials to the public.
Financial
Description
Unit: KRW
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Authorized
Capital |
1,200,000,000 |
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Paid-Up
Capital |
500,000,000 |
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Total Issues Shares |
100,000 |
Products, Technologies, Services
Description
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Main
Products & Services |
Passengers Elevator Freight Elevator Observation Elevator Automobile Elevator Hospital Elevator Dumbwaiter |
Sales by
Region (Activity &
Markets)
The Subject exports the elevators to India.
Court
Action
Not Available.
News Clipping
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RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)