MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
WITHUS LEATHER CO., LTD. |
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Formerly Known as : |
DK CORPORATION |
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Registered Office : |
310-55, Seongsu-dong 2-ga 1-dong, Seongdong-gu, Seoul 133-120 |
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Country : |
Korea |
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Date of Incorporation : |
06.12.2001 |
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Com. Reg. No.: |
206-81-59317 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Other Agricultural Raw Materials and Live Animals |
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 |
WITHUS LEATHER CO., LTD. |
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Registered Address |
310-55, Seongsu-dong
2-ga 1-dong, Seongdong-gu, Seoul, Korea |
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Zip Code |
133-120 |
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Tel |
+82-2-463-9680 |
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Fax |
+82-2-463-9682 |
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E-mail |
dkcom98@yahoo.co.kr |
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Trading Address |
310-55, Seongsu-dong
2-ga 1-dong, Seongdong-gu, Seoul, Korea |
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Tel |
+82-2-463-9680 |
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Fax |
+82-2-463-9682 |
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Type |
Import/Export |
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Industry |
Wholesale of Other Agricultural Raw Materials and Live Animals |
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Main Business |
Leather |
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Established (mm/dd/yyyy) |
06/12/2001 |
The Subject occupies
the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Leathers(11162300) |
CEO’s
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Name |
Park Keun-Il |
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Address |
55-4, Howon-dong, Uijeongbu-si, Gyeonggi-do,
Korea |
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Date of Birth |
10/07/1962 |
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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 |
100,000,000 KRW |
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Employees |
4 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Seongsu Branch Address: 315-58, Seongsu 2-Ga 3-Dong,
Sungdong-Gu, Seoul 133-123 Korea Tel: 82-2-499-8001 Fax: 82-2-467-1853 |
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Corporate Registered No. |
110111-2259334 |
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Business Registered No. |
206-81-59317 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
06/12/2001 Incorporated as DK CORPORATION 07/03/2008 Changed company name to the
present name 07/03/2008 Moved to the present HQ address
from 668-8, Seongsu-dong 1-ga 2-dong, Seongdong-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Park Keun-Il |
Male |
Korean |
06/12/2001 |
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Director |
Mr. |
Lee Young-Jae |
Male |
Korean |
06/12/2001 |
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Director |
Mr. |
Park Won-Joo |
Male |
Korean |
06/12/2001 |
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Auditor |
Mr. |
Sohn Joon-Shik |
Male |
Korean |
03/27/2004 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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2006 |
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2005 |
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2004 |
1,800,000,000 |
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2003 |
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The latest & 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 |
400,000,000 |
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Paid-Up
Capital |
100,000,000 |
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Total Issues Shares |
20,000 |
Products, Technologies, Services
Description
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Main
Products & Services |
Leather for making shoes |
Sales by
Region (Activity &
Markets)
The Subject imports from Italy and Pakistan.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.20 |
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UK Pound |
1 |
Rs.81.48 |
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Euro |
1 |
Rs.64.27 |
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%)