MIRA INFORM REPORT

 

 

 

Report Date :

03.12.2008

 

IDENTIFICATION DETAILS

 

Name :

DAIJIN ENTERPRISE COMPANY

 

 

Registered Office :

240-4, Ssangdong-ri, Chowol-eup, Gwangju-si, Gyeonggi-do, 464-861

 

 

Country :

Korea

 

 

Date of Incorporation :

01.12.1981

 

 

Com. Reg. No.:

126-15-85912

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Manufacture of Hand-Operated Kitchen Appliances and Metal Ware

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 Basic

 

Company Name

DAIJIN ENTERPRISE COMPANY

(Korean Company Name : “대진엔터프라이즈”)

Registered Address

240-4, Ssangdong-ri, Chowol-eup, Gwangju-si, Gyeonggi-do, Korea

Zip Code

464-861

Tel

+82-31-766-1995

Fax

+82-31-766-0450~1

E-mail

daijin@daijin-end.co.kr;wagonjangsa@hanmail.net;lhm8031@hanmail.net

Website

www.daijin-ent.co.kr

Trading Address

240-4, Ssangdong-ri, Chowol-eup, Gwangju-si, Gyeonggi-do, Korea

Tel

+82-31-766-1995

Fax

+82-31-766-0450~1

Type

Export

Industry

Manufacture of Hand-Operated Kitchen Appliances and Metal Ware

  Main Business

Chafing Dish, Serving Trolley, Folding Table, Folding Chair, Tray Rack Cart

  Sub Business

Manufacture of Other Transport Equipment n.e.c.

Established (mm/dd/yyyy)

12/01/1981

Mr. Jang Myong-Yeoul owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Tabletop and serving equipment(48101900)

Sell

Restaurant furniture(48102000)

Buy

Grinding machines(23101506)

Buy

Protective gloves(46181504)

Buy

Iron(11101713)

Buy

Packaging boxes(24121503)

Buy

Handles or knobs(31162801)

Buy

Steel(11101704)

Buy

Angles(30101500)

Buy

Wheels(31162702)

Buy

Pipe(40142100)

Buy

Thermoplastic plastics(13102000)

Buy

Nuts(31161700)

Buy

Bolts(31161600)

Buy

Rolling hardware(31162700)

Buy

Plywood(11121609)

 

 

CEO’s

 

Name

Jang Myong-Yeoul

Date of Birth

12/01/1943

Title

Owner

Sex

Male

Nationality

Korean

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

3

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

126-15-85912

Permit & Licenses

N/A

Shareholder Position

The Owner has 100% shares.

Company History

12/01/1981 Established as the present name

10/30/1988 Awarded US$1 Million Export Top Prize

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Jang Myong-Yeoul

Male

Korean

12/01/1981

 

 

Financials                                                

 

Unit: KRW

Year

 

 

Sales

2007

 

 

4,057,000,000

2006

 

 

3,633,000,000

2005

 

 

2,606,000,000

2004

 

 

3,669,000,000

The full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description                                  

 

Unit: KRW

Authorized Capital

Not Applicable to the Sole Proprietorship

Paid-Up Capital

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 


 

Products, Technologies, Services Description

 

Main Products & Services

Hotel & Restaurant Ware

 

DISH

TROLLEY

-Pastry & Dessert Trolley

-Delux Service Trolley

-Banquet Bar Trolley

-Posadas Bar Trolley

-Palase Service Assembly

-Palace Service Trolley

-Salad & Food Service System

-Service Station & Tray Stand

-Liquor & Wine Trolley

-Public Service Trolley

-Economic Service Trolley

-Room Service Trolley

-Palace Bar Trolley

-Flambe Trolley

-Roast Beef Trolley

 

TABLE

-Stacking Chair(Aluminium)

-Table . Chair Cart

-Banquet Utility Cart

-Banquet Furniture

-Banquet Food Service Station

-Portable Stage/Dancing Floor

-Stacking Chair(Steel)

-Folding Table

 

SERVING CART

Front & Loby

-Office Furniture

-Luggage Cart

-Bell Man Hand Cart

 

Room Management

-Hanger . Storage

-Laundry Trolley

-Canvas Trolley

-Room Maid Trolley

 

MARBLE ASH TRAY

SHOW CASE

 


 

Sales by Region (Activity & Markets)

 

The Subject exports to China, Hong Kong, Singapore, Denmark, France, Germany, Italy, Spain, UK and USA.

 

 

Court Action

 

Not Available.

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.90

UK Pound

1

Rs.74.30

Euro

1

Rs.63.42

 

 

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