MIRA INFORM REPORT

 

 

Report Date :

07.01.2008

 

IDENTIFICATION DETAILS

 

Name :

GOLD ANCHER, LTD.

 

 

Registered Office :

Rm. 1304, Sedae B/D., 11-3, Hoehyeon-dong 3-ga, Jung-gu, Seoul - 100-053

 

 

Country :

Korea

 

 

Date of Incorporation :

05/05/1989

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesales of Textiles

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

GOLD ANCHER, LTD.( Korea Sales Office)

Registered Address

11-3, Hoehyeon-dong 3-ga, Jung-gu, Seoul, Korea

Building

Rm. 1304, Sedae B/D.

Zip Code

100-053

Tel

+82-2-777-6986~8

Fax

+82-2-779-1103

Trading Address

Rm. 1304, Sedae B/D., 11-3, Hoehyeon-dong 3-ga, Jung-gu, Seoul, Korea (C.P.O. BOX 10193)

Tel

+82-2-777-6986~8

Fax

+82-2-779-1103

Other Address

Rm. 1208, Korea Herald Bldg., 1-12, Hoehyeon-dong 3-ga, Jung-gu, Seoul, Korea

Type

Import/Export

Industry

Wholesales of Textiles

  Main Business

Polyester Textiles

Established (mm/dd/yyyy)

05/05/1989

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Textiles

Sell

Sundry Goods

Sell

Optical Goods

 

 

CEO’s

 

Name

Horesh Ramchard Savlani

Address

5-1571, Yongsan-dong 2-ga, Yongsan-gu, Seoul, Korea

Title

Representative in Korea

Sex

Male

Nationality

Indian

 

 

Profiles

 

Capital

H$500,000

Employees

4

Formation

Korea Sales Office of GOLD ANCHER, LTD.

Bank Details

Industrial Bank of Korea-Chungmuro Branch

Corporate Registered No.

110181-0015426

Business Registered No.

104-84-03430

Permit & Licenses

Int’l Trade No.: 11422655

Shareholder Position

GOLD ANCHER, LTD. has 100% shares.

Company History

05/05/1989 Established

03/15/2005 Changed the HQ address to the present address from Rm. 1208, Korea Herald Bldg., 1-12, Hoehyeon-dong 3-ga, Jung-gu, Seoul, Korea

 

GOLD ANCHER, LTD., has been established based on Hong Kong’s Law at 7Fl., Manon Commercial B/D., 12-13, Jubilee Street, Central, Hong Kong. And the subject company was established as Sales Office in Korea.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative in Korea

Mr.

Horesh Ramchard Savlani

Male

Indian

05/05/1989

President & CEO

Mr.

Maheshi Jetanand Savlani

Male

Indian

05/05/1989

Director

Mr.

Kumud Rachiwani

Male

Indian

05/05/1989

 

 

Financials                                                

 

The financial is not available, and the subject does not have any obligation to release its financials to the public.

 

 

Financial Description    

 

Unit: KRW

Authorized Capital

H$500,000

Paid-Up Capital

H$500,000

Total Issues Shares

500,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Textile Fabrics

Sundry Items

Optical Frames

Sunglasses

 

 

Related Parties (Subsidiaries, Joint-

Venture & Affiliates)

 

Overseas Office

It is known that there are offices in CHINA and EUROPE.

 

 

Sales by Region (Activity & Markets)

 

The Subject exports to Hungary, India, Panama and Venezuela.

 

Court Action

 

Not Available.


 

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