MIRA
INFORM REPORT
|
Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ROYAL COPENHAGEN
KOREA CO., LTD. |
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Registered Office : |
Rm.301, Media Center Bldg., 58-9, Nonhyeon-dong, Gangnam-gu, Seoul 135-815 |
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Country : |
Korea |
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Date of Incorporation : |
25.04.1994 |
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Com. Reg. No.: |
106-81-57227 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Household Ceramics, Non-electric Kitchen Utensils and Wooden 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 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
|
Company
Name |
ROYAL COPENHAGEN
KOREA CO., LTD. (Korean Company
Name : “한국로얄코펜하겐”) |
|
Registered Address |
58-9, Nonhyeon-dong,
Gangnam-gu, Seoul, Korea |
|
Building |
Rm.301, Media Center Bldg. |
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Zip Code |
135-815 |
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Tel |
+82-2- 543-2324 |
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Fax |
+82-2-543-2304 |
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E-mail |
kkt@royalcopenhagen.co.kr |
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Website |
www.royalcopenhagen.com |
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Trading Address |
Rm.301,
Media Center Bldg., 58-9, Nonhyeon-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2- 543-2324 |
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Fax |
+82-2-543-2304 |
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Other Address- Lotte Hotel Shop |
B1FL., Lotte Hotel Bldg., 1, Sogong-dong,
Jung-gu, Seoul, Korea |
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Tel |
+82-2-318-3160 +82-2-772-3829 |
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Type |
Import |
|
Industry |
Wholesale of Household Ceramics, Non-electric Kitchen Utensils and
Wooden Ware |
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Main Business |
Ceramic Ware, Precious Metal |
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Sub Business |
Wholesale of Watches and Jewelry |
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Established (mm/dd/yyyy) |
04/25/1994 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Domestic dishes and servingware and storage containers(52152000) |
|
Sell |
Art(60121000) |
CEO’s
|
Name |
Nam Ki-Ryoung |
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Address |
844, Sindang-dong, Jung-gu, Seoul, Korea |
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Date of Birth |
10/03/1970 |
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Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
M/S. Nam Ki-Ryoung has
been raguated from Ehwa Women’s University, Korea.
Profiles
|
Capital |
1,175,000,000 KRW |
|
Employees |
16 |
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Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
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Bank Details |
Hana Bank-Gangnam Station Branch Shinhan Bank |
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Corporate Registered No. |
110111-1031642 |
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Business Registered No. |
106-81-57227 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
Royal Copenhagen A/S has 100% shares. |
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Company History |
04/25/1994
Incorporated as ROYAL COPENHAGEN KOREA CO., LTD. 05/12/1994
Registered as a Foreign Direct Investment Corporation 01/17/1995 Increased capital to 200,000,000
KRW from 50,000,000 KRW 01/18/1995 Increased the authorized shares
to 8,000 shares from 2,000 shares 01/19/1995 Increased capital to 500,000,000
KRW from 200,000,000 KRW 12/08/1995 Increased the authorized shares
to 20,000 shares from 8,000 shares 12/09/1995
Increased capital to 1,175,000,000 KRW from 500,000,000 KRW 08/20/2002 Changed company name to Georg
Jensen Korea Co., Ltd. 02/27/2004 Changed company name to the
present name again 05/25/2008 Moved to the present HQ address
frpm Rm.
202, Namsong Bldg., 260-199, Itaewon-dong, Yongsan-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Nam Ki-Ryoung |
Female |
Korean |
10/18/2002 |
|
Director |
- |
Masayuki Kurosaki |
- |
Japanese |
02/27/2004 |
|
Director |
- |
Peter Loond |
- |
Denmark |
02/27/2004 |
|
Auditor |
- |
Dorothy
Louse Yoscov |
- |
Denmark |
02/27/2004 |
Financials
Unit: KRW
|
Year |
|
|
Sales |
|
2005 |
|
|
3,000,000,000 |
The latest &
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 |
2,000,000,000 |
|
Paid-Up
Capital |
1,175,000,000 |
|
Total Issues Shares |
11,750 |
Products, Technologies, Services
Description
|
Main
Products & Services |
Porcelain(Royal Copenhagen) Jewelry(Georg Jensen) |
Trade
Partners
|
Suppliers |
ROYAL COPENHAGEN A/S SMEDELAND 17 2600 GLOSTRUP DENMARK TEL:+45 38 14 48 48 FAX:+45 38 14 99 13 E-MAIL: ROYAL@ROYALCOPENHAGEN.COM |
|
Customers |
The Subject sells through major department
stores including Lotte Shopping Co., Ltd. |
|
Competitors |
GIL TRADING CORP. 3RD FL., DONGMIN BLDG., 30, BOKJEONG-DONG,
SUJEONG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA TEL:+82-2-418-1211 FAX:+82-2-418-1352 CERART INTERNATIONAL CO., LTD. RM. 1303, DAESANG BLDG., 43, YEOUIDO-DONG,
YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-784-5009 FAX:+82-2-784-1917 JINSUNG CERAMIC WARE CO., LTD. 195,
DAEGOK-RI, SOJEONG-MYEON, YEONGI-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-552-9773 FAX:+82-41-557-4416 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
ROYAL COPENHAGEN INC. 63 PAGE PARK DRIVE POUGHKEEPSIE NEW YORK
12603 USA TEL: +1 800 431 1992 FAX: +1 845 454 4474 ROYAL COPENHAGEN INC. - SHOWROOM 41 MADISON AVE. NEW YORK NEW YORK 10010 USA TEL: +1 212 532 5051 FAX: +1 212 679 2287 ROYAL COPENHAGEN JAPAN LTD. 10TH FLOOR MITA-KOKUSAI BLDG. 1-4-28 MITA,
MINATO-KU TOKYO 108 0073 JAPAN TEL: +81 3 3456 5541 ROYAL COPENHAGEN TAIWAN LTD. SUITE 702, 136 JEN-AI ROAD, SEC. 3 TW-10657
TAIPEI TAIWAN TEL: +886 2 2706 0084 ROYAL COPENHAGEN (S) PTE. LTD. 15 JALAN KILANG BARAT UNIT #06-06 FRONTECH
CENTER 159357 SINGAPORE TEL: +65 63770209 GERMANY ROYAL COPENHAGEN GMBH CLAUDIASTRASSE 2 A D-51149 KÖLN GERMANY TEL: +49 2 203 600 9660 ROYAL COPENHAGEN A/S DIBD OMIR UIANSKY PEREULOK 5, BLD.1 101000
MOSCOW RUSSIA TEL: +7 495 601 95 38 |
Sales by
Region (Activity &
Markets)
The Subject imports
from Denmark.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.52 |
|
UK Pound |
1 |
Rs.72.62 |
|
Euro |
1 |
Rs.63.76 |
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 |
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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 |
|
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%)