MIRA
INFORM REPORT
|
Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VARO TRADING CO. |
|
|
|
|
Registered Office : |
302-41, Seongsu-dong 2-ga, Seongdong-gu, Seoul |
|
|
|
|
Country : |
Korea |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesales of Leather Products |
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 Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Basic
|
Company
Name |
VARO TRADING CO. |
|
Registered Address |
302-41, Seongsu-dong
2-ga, Seongdong-gu, Seoul, Korea |
|
Zip Code |
133-120 |
|
Tel |
N/A |
|
Fax |
N/A |
|
Trading Address |
302-41, Seongsu-dong 2-ga,
Seongdong-gu, Seoul, Korea |
|
Tel |
N/A |
|
Fax |
N/A |
|
Type |
Import |
|
Industry |
Wholesales of Leather Products |
|
Main Business |
Leather Material |
|
Established (mm/dd/yyyy) |
N/A |
The Subject
occupies the premises of registered HQ address by leasing base. And the
premises have been owned by M/S. Kang Eung-Ok(DOB :01/19/1959) since
04/02/2002.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Leathers(11162300) |
CEO’s
|
Name |
Yoon Hyo-Bong |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
Not Applicable to
the Sole Proprietorship |
|
Employees |
1 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
N/A., and its number is kept by the
National Tax Service confidentially. |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The Owner has 100% shares. |
|
Company History |
N/A |
Due to lack of the information, we checked the address of 302-41, Seongsu-dong 2-ga, Seongdong-gu, Seoul, Korea. And we found that Joeun
Leather Co has been registered at the address. We contacted Joeun Leather at Tel:+82-2-497-9289
/ Fax: 02-497-9290 with Mr. Choi Seong-Bong(e-mail: bestjoeun@hotmail.com). He
informed us there are three companies under the address of 302-41, Seongsu-dong 2-ga, Seongdong-gu, Seoul, Korea including DONG HYUN
INTERNATIONAL CO and VARO TRADING CO.
We also talked with Mr. Yoon Hyo-Bong(Mobile :+82-11-235-0552) of VARO
Trading Co. But he gently rejected to release its information unless he knows
who is interested in them. He added that the owners of these three companies
are friends.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Yoon Hyo-Bong |
Male |
Korean |
N/A |
Financials
Unit: KRW
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
Description
|
Main
Products & Services |
Leather Materials |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Cooperative Enterprise |
DONG HYUN INTERNATIONAL CO. 302-41, SEONGSU-DONG 2-GA, SEONGDONG-GU, SEOUL, KOREA JOEUN LEATHER CO. 302-41, SEONGSU-DONG 2-GA, SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-497-9289 / FAX: 02-497-9290 |
Sales by
Region (Activity &
Markets)
Not Available.
Court Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.01 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.20 |
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%)