MIRA INFORM REPORT

 

 

 

Report Date :

30.09.2008

 

IDENTIFICATION DETAILS

 

Name :

DONGIL GREENFOGTECH

 

 

Registered Office :

Rm. 202, Daejong Bldg., 345-8, Myeongil 1-dong, Gangdong-gu, Seoul 134-830

 

 

Country :

Korea

 

 

Date of Incorporation :

01.01.1998

 

 

Com. Reg. No.:

202-01-18326

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Agricultural Machinery and Equipment

 

 

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 Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 Basic

 

Company Name

DONGIL GREENFOGTECH

Registered Address

345-8, Myeongil 1-dong, Gangdong-gu, Seoul, Korea

Building

Rm. 202, Daejong Bldg.

Zip Code

134-830

Tel

+82-2-426-0607

Fax

+82-2-426-0626

E-mail

greenfogtech@yahoo.com;dfc1998@kornet.net

Website

www.greenfogtech.com

Trading Address

Rm. 202, Daejong Bldg., 345-8, Myeongil 1-dong, Gangdong-gu, Seoul, Korea

Tel

+82-2-426-0607  +82-2-481-0609

Fax

+82-2-426-0626

Type

Export/Import

Industry

Wholesale of Agricultural Machinery and Equipment

  Main Business

Automatic Thermal Fogger, Brush Cutter Blades, Brush Cutter Cable, Tubes, Pruning Shear, Pruning Saws, Chain Saw Parts

Established (mm/dd/yyyy)

01/01/1998

The Subject occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Secateurs or pruning shears(27112007)

Sell

Knife blades(27111501)

Sell

Electrical cable and accessories(26121600)

Sell

Power saws(27112709)

Sell

Dispersing and spraying appliances for agriculture(21101800)

Sell

Internal combustion engine components(26101900)

 

 

CEO’s

 

Name

Kim Sung-Soo

Date of Birth

11/25/1964

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

4

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

202-01-18326

Permit & Licenses

10/28/2004 ISO 9001

 

Int’l Trade No.: 11478722

Shareholder Position

The Owner has 100% shares.

Company History

01/01/1998 Established as DONGIL CORPORATION

04/2003 Changed company name to the present name

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

Mr.

Kim Sung-Soo

Male

Korean

01/01/1998

 

 

Financials                                                

Unit: KRW

Year

Sales

Assets

Net income

2005

687,000,000

 

 

2004

470,000,000

 

 

The financial is not available, and the subject does not have any obligation to releases 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

 

 

Products, Technologies, Services Descriptio

Main Products & Services

Forest & garden products, outdoor power equipments and replacement parts & accessories, etc

 

Flexible Shafts, Metal Brushcutter Blades & Pruning Saws

Fuel Filters & Starter Cords

Thermal Foggers and Forest & Garden Products

 

 

Trade Partners

Suppliers

 

TK-JAPAN

D.NAGATA-JAPAN

WALBRO-JAPAN

IKRA MOGATEC-GERMANY

USA ZAMA-USA

PACIFICO INC.-USA

D.E.ERRICK-USA

METEOR PISTON SRL-ITALY

TECOMEC SPA-ITALY

BRISK TABOR-CZECH

WOLF-GARTEN GMBH CO KG

 

 

 

Sales by Region (Activity & Markets)

 

The Subject exports to Middle East Countries including Lebanon, Syria, UAE, and South East Asian Countries including Malaysia and Thailand, Oceania including Australia and Middle & South America including Honduras, and Europe including Italy. It also imports from Japan, USA, Germany and Italy.

 

 

Court Action

 

Not Available.

 

News Clipping

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.46.94

UK Pound

1

Rs.85.57

Euro

1

Rs.67.79

 

 

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