MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
DRAGON KS HOLDINGS CO., LTD. |
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Registered Office : |
209-3, Yangjae-dong, Seocho-gu, Seoul 137-893 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
06.28.2003 |
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Com. Reg. No.: |
211-87-40001 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesales of Interior Products |
RATING &
COMMENTS
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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 |
DRAGON KS HOLDINGS CO., LTD. |
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Registered Address |
209-3, Yangjae-dong, Seocho-gu,
Seoul, Korea |
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Zip Code |
137-893 |
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Tel |
+82-2- 541-9496 |
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Fax |
+82-2-565-9450 |
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Website |
www.creationcasa.com |
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Trading Address |
209-3, Yangjae-dong,
Seocho-gu, Seoul, Korea |
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Tel |
+82-2- 541-9496 |
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Fax |
+82-2-565-9450 |
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Type |
Import/Export |
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Industry |
Wholesales of Interior Products |
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Main Business |
Interior Furniture, Curtain, Bedding Goods, Textiles, Interior
Decorating Materials |
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Sub Business |
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Established (mm/dd/yyyy) |
06/28/2003 |
The Subject occupies
the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Interior design or decorating(72101901) |
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Sell |
Fabrics and leather materials(11160000) |
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Sell |
Synthetic fabrics(11161800) |
CEO’s
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Name |
Kim Jong-Seok |
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Address |
986, Dayul-ri, Gyoha-eup, Paju-si, Gyeonggi-do,
Korea |
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Date of Birth |
12/29/1947 |
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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 |
50,000,000 KRW |
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Employees |
6 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Suhyup Bank-Dongdaemun Branch |
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Corporate Registered No. |
110111-2810558 |
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Business Registered No. |
211-87-40001 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
06/28/2003 Incorporated as CREATION CASA
CO., LTD. 03/18/2008 Changed company name to the
present name 09/12/2006 Moved to the present HQ address
from 692-6, Yeoksam-dong, Gangnam-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Kim Jong-Seok |
Male |
Korean |
06/28/2003 |
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Director |
Mr. |
Eum Tae-Gap |
Male |
Korean |
02/14/2006 |
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Auditor |
Mr. |
Lee Ki-Ho |
Male |
Korean |
02/14/2006 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2005 |
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2004 |
717,000,000 |
164,000,000 |
(-)77,000,000 |
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2003 |
167,000,000 |
146,000,000 |
(-)15,000,000 |
The latest & full financial is not
available, and the subject does not have any obligation to releases its
financials to the public.
Financial Description
Unit: KRW
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Authorized
Capital |
200,000,000 |
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Paid-Up
Capital |
50,000,000 |
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Total Issues Shares |
10,000 |
Balance
Sheet
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
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Total Assets |
164 |
146 |
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Current Assets |
116 |
90 |
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-Quick Assets |
95 |
62 |
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-Inventories |
21 |
28 |
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Fixed Assets |
48 |
56 |
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-Investment |
20 |
20 |
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-Tangibles |
28 |
36 |
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-Intangibles |
- |
- |
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Total Liabilities |
207 |
111 |
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Current Liabilities |
207 |
111 |
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Fixed Liabilities |
- |
- |
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Capital Stock |
50 |
50 |
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Capital Surplus |
- |
- |
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Profit Surplus |
(-)93 |
(-)15 |
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Capital Adjustment |
- |
- |
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Total Equity |
(-)43 |
35 |
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Liab. & Shareholder’s Equity |
164 |
146 |
Income
Statement
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
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Sales |
717 |
167 |
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Cost of Sold Goods |
582 |
127 |
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Gross Profit |
135 |
40 |
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Selling & Admin. Expenses |
209 |
55 |
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Operating Income |
(-)74 |
(-)15 |
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Non-Operating Income |
- |
- |
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Non-Operating expenses |
3 |
- |
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Ordinary Income |
(-)77 |
(-)15 |
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Special Income |
- |
- |
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Income Before Taxes |
(-)77 |
(-)15 |
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Income Taxes Expenses |
- |
- |
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Net Income |
(-)77 |
(-)15 |
Products, Technologies, Services
Description
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Main
Products & Services |
Interior Furniture, Curtain, Bedding Goods, Textiles, Interior
Decorating Materials |
Trade
Partners
|
Suppliers |
SWAFFER Q-DESIGN AL ERRE ERRE SUR CANAPE INDES |
Sales by
Region (Activity &
Markets)
The Subject imports from Europe including Germany.
Court
Action
Not Available.
News
Clipping
--
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%)