MIRA INFORM REPORT

 

 

 

Report Date :

05.12.2008

 

IDENTIFICATION DETAILS

 

Name :

DONG KOOK TRADING CO

 

 

Registered Office :

106, Hwajeong-dong, Danwon-gu, Ansan-si, Gyeonggi-do 425-430

 

 

Country :

Korea

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Import/Export

 

 

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 Concern

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 Basic

 

Company Name

DONG KOOK TRADING CO.

Registered Address

106, Hwajeong-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Zip Code

425-430

Tel

+82-31-410-1493

Fax

+82-31-410-1495

Trading Address

106, Hwajeong-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Tel

+82-31-410-1493

Fax

+82-31-410-1495

Type

Import/Export

Industry

N/A

Established (mm/dd/yyyy)

N/A

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

N/A

 

 

CEO’s

 

Name

N/A

Address

N/A

Date of Birth

N/A

Title

N/A

Sex

N/A

Nationality

N/A

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

Citibank, Korea

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

N/A(The numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

The Owner has 100% shares.

Company History

N/A

Due to lack of the information, we contacted the subject directly. One man confirmed that their basic contact details are right. However he did not want to continue the interview and rejected to release their information on the request of our further information. In spite of his confirmation, we cannot confirm that the subject’s address is the right one or not because he did not want to confirm exactly.

 

In the research through the official sources including the Court Registry at which every co., ltd type of company should register, we could not identify the subject company.

 

In the phone book, we also could not identify the subject company and the phone numbers. We do think the subject company does not want to open its numbers to the public through phone book or directories.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

 

N/A

 

 

 

 

 

Financials                                            

 

The 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

 

 

Sales by Region (Activity & Markets)

 

The Subject deals with the companies in India.

 

 

Court Action

 

Not Available.

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.69

UK Pound

1

Rs.72.96

Euro

1

Rs.63.46

 

 

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