MIRA
INFORM REPORT
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Report Date : |
22.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
DONGSHIN DIAMOND
INDUSTRIAL CO., LTD. |
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Registered Office : |
770, Daewon-ri, Jori-eup, Paju-si, Gyeonggi-do 413-822 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
03.01.1997 |
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Com. Reg. No.: |
105-81-84487 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Saws, Saw Blades and Interchangeable Tools |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
DONGSHIN DIAMOND
INDUSTRIAL CO., LTD. (Korean Company
Name : “동신다이아몬드공업”) |
|
Registered Address |
770, Daewon-ri, Jori-eup, Paju-si,
Gyeonggi-do, Korea |
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Zip Code |
413-822 |
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Tel |
+82-31-943-7650~2 |
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Fax |
+82-31-943-7653 |
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E-mail |
diasaw@diasaw.com |
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Website |
www.diasaw.com |
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Trading Address |
770, Daewon-ri, Jori-eup, Paju-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-943-7650~2 |
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Fax |
+82-31-943-7653 |
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Type |
Export |
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Industry |
Manufacture of Saws, Saw Blades and Interchangeable Tools |
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Main
Business |
Diamond Saw Blades Tools |
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Established (mm/dd/yyyy) |
01/03/1997 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Saw blades(27112802) |
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Sell |
Abrasives and abrasive media(31191500) |
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Buy |
Copper(11101715) |
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Buy |
Base Metals(11101700) |
CEO’s
|
Name |
Kim Dae-Wook(Daniel) |
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Address |
2027-15, Daehwa-dong, Ilsanseo-gu, Goyang-si,
Gyeonggi-do, Korea |
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Date of Birth |
02/08/1961 |
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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 |
250,000,000 KRW |
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Employees |
19 |
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Formation |
Co., Ltd by shares Venture Business |
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Bank Details |
Kookmin Bank-Keumchon Branch |
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Corporate Registered No. |
110111-1360215 |
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Business Registered No. |
105-81-84487 |
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Permit & Licenses |
04/2004 ISO 9001 04/2004 ISO 14001 Int’l Trade No.: 11242570 |
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Shareholder Position |
N/A |
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Company History |
02/1990 Started diamond tools manufacturing
company 03/1993 Moved / Extended to Mapo district
in Seoul 05/1994 Boosted facilities for exporting
relative tools. 09/1994 Virgin export to advanced countries
USA, Germany, France, England and Italy. 11/1996 Affiliated Korea Tools Industry
Cooperation. 01/03/1997 Incorporated as the present name 03/1997 Participated in Stone Fair held in
Poland 12/1997 Newly moved / extended to current
address. 03/1998 Enlisted brand DIASAW and character
as patent and exported with them. 05/1999 Participated in Stone Fair held “Carrara
Stone” in Italy 09/1999 Boosted production lines for
serving laser welded blade. 04/2000 Selected bright prospect medium
company by Kookmin Bank. 05/2000 Participated in Stone Fair held in
UK, Spain, France, Italy, Japan 04/2003 Acquired utility model registration
NO.0312626 & NO.0312627. 07/2003 07/2003 Designated as a Promising
Export SME by KSBC. 11/2003 Acquired patent NO.0407196 &
NO.0414181 02/2004 Participated in World of Concrete
in USA, Piedra in Spain, Marmomacc in Italy 04/2004 Acquired ISO 9001,14001
certification. 08/2004 Selected bright prospect medium
size company by Kyounggi-do. Assigned as a member of industrial family
cluster 01/2004 Acquired utility model registration
NO.0366567. 01/2005 Participated in World of Concrete
in USA, Stone-Tec in Germany, Marmomacc in Italy 01/2005 Acquired patent NO.0466692,
NO.0383869, NO.6506162, NO.2005-78568 02/2005 Acquired utility model registration
NO.0383869. 01/2006 Participated in World of Concrete
in USA, Marmomacc in Italy 07/2006 Acquired partnership from KITECH 12/2006 Acquired Venture Company
Certification from KIBO 12/28/2006 Designated as a Venture Business 01/2007 Acquired Innovations in Techniques
Certification(Innobiz) from SMBA 01/2007 Participated in World of Concrete
in USA, Stone-Tec in Germany, Marmomacc in Italy 02/2007 Acquired patent NO.10-687696,
NO10-706882 11/2007 Obtain 3million dollars exporting
tower prize 12/28/2007 Designated as a Venture Business
again 01/2008 World of Concrete 2008 |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Dae-Wook |
Male |
Korean |
01/03/2000 |
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Director |
M/S. |
Song Sun-Ja |
Female |
Korean |
01/03/2000 |
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Director |
Mr. |
Song Soon-Ho |
Male |
Korean |
10/13/2006 |
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Director |
Mr. |
Choi Sang-Tae |
Male |
Korean |
10/13/2006 |
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Auditor |
Mr. |
Yoo Jae-Ho |
Male |
Korean |
10/13/2006 |
Financials
Unit: KRW
|
Year |
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Sales |
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2006 |
|
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2,754,000,000 |
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2005 |
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- |
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2004 |
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3,184,000,000 |
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2003 |
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2,184,000,000 |
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
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Authorized
Capital |
1,250,000,000 |
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Paid-Up
Capital |
250,000,000 |
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Total Issues Shares |
50,000 |
Balance
Sheet
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Unit : Million Korean Won |
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As of 12/31/2005 |
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Total Assets |
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3,095 |
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Current Assets |
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|
1,417 |
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-Quick Assets |
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1,392 |
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-Inventories |
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25 |
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Fixed Assets |
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1,678 |
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-Investment |
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|
483 |
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-Tangibles |
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1,166 |
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-Intangibles |
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29 |
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Total Liabilities |
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1,813 |
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Current Liabilities |
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1,774 |
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Fixed Liabilities |
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39 |
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Capital Stock |
|
|
250 |
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Capital Surplus |
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- |
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Profit Surplus |
|
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1,032 |
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Capital Adjustment |
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|
- |
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Total Equity |
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1,282 |
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Liab. & Shareholder’s Equity |
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|
3,095 |
Income
Statement
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Unit : Million Korean Won |
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As of 12/31/2005 |
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Sales |
|
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3,639 |
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Cost of Sold Goods |
|
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2,890 |
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Gross Profit |
|
|
749 |
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Selling & Admin. Expenses |
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688 |
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Operating Income |
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55 |
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Non-Operating Income |
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|
369 |
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Non-Operating expenses |
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104 |
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Ordinary Income |
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|
327 |
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Special Income |
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|
- |
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Income Before Taxes |
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327 |
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Income Taxes Expenses |
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- |
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Net Income |
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|
327 |
Products, Technologies, Services
Description
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Main
Products & Services |
Diamond Saw Blades -Silent Blade -Sintered Blade -Multi Blade -Cup Wheel -Router Bit Brand Name : Diasaw |
Trade
Partners
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Competitors |
INBEX DIAMOND CO., LTD. 296-2, DONGPAE 1-RI, GYOHA-EUP, PAJU-SI, GYEONGGI-DO,
KOREA TEL:+82-31-945-2153 FAX:+82-31-945-2809 ACCUTECH CO., LTD. 1402-3, JUAN 5-DONG, NAM-GU, INCHEON, KOREA TEL:+82-32-816-8808 FAX:+82-32-811-0837 SEWON TECH CO., LTD. 396-11, CHEONGCHEON 2-DONG, BUPYEONG-GU,
INCHEON, KOREA TEL:+82-32-582-4324~6 FAX:+82-32-582-4327 |
Sales by
Region (Activity &
Markets)
The Subject exports
to Australia, China, Italy, Japan, Saudi Arabia, Turkey, UK and USA.
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.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)