MIRA INFORM REPORT

 

 

 

Report Date :

10.09.2008

 

IDENTIFICATION DETAILS

 

Name :

BEST VIVID CO., LTD.

 

 

Registered Office :

38-3, Jongno 3-ga, Jongno-gu, Seoul, 2FL., Daebo Jewelry Store B/D

 

 

Country :

Korea

 

 

Date of Incorporation :

03.09.2005

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesale of Watches and Jewelry

 

 

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

BEST VIVID CO., LTD.

Registered Address

38-3, Jongno 3-ga, Jongno-gu, Seoul, Korea

Building

2FL., Daebo Jewelry Store B/D.

Zip Code

110-123

Tel

+82-2-747-1087

Fax

+82-2-743-7928

Trading Address

2FL., Daebo Jewelry Store B/D., 38-3, Jongno 3-ga, Jongno-gu, Seoul, Korea

Tel

+82-2-747-1087

Fax

+82-2-743-7928

Type

Export/Import

Industry

Wholesale of Watches and Jewelry

  Main Business

Diamond, Jewelry

Established (mm/dd/yyyy)

03/09/2005

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Necklaces(54101602)

Sell

Rings(54101603)

Sell

Earrings(54101604)

Sell

Bracelets(54101601)

Sell

Body jewelry(54101605)

Sell

Barrettes(53131633)

 

 

CEO’s

 

Name

Yoo Chun-Sung

Address

150, Munjeong-dong, Songpa-gu, Seoul, Korea

Date of Birth

07/24/1953

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

50,000,000 KRW

Employees

3

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-3184241

Business Registered No.

N/A., and its full number is kept by the National Tax Service confidentially.

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

03/09/2005 Incorporated as the present name

04/24/2006 Mr. Ju Jung-Jin has been resigned from his CEO position.

12/27/2007 Moved to the present HQ address from 125-1, Donui-dong, Jongno-gu, Seoul, Korea

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Yoo Chun-Sung

Male

Korean

12/27/2007

Director

Mr.

Hong Young-Pyo

Male

Korean

12/27/2007

Auditor

Mr.

Oh Joon-Seok

Male

Korean

12/27/2007

 

 

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

200,000,000

Paid-Up Capital

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

The subject imports Diamonds, and manufacturers Jewelry.

As of 10/31/2006, the subject’s imported amount of Diamonds has been ranked at No. 25.

 

 

Trade Partners

 

Competitors

GP DIAMONDS CO., LTD.

GOLDEN DEW

DIVAS DIAMONDS

SAMSHIN DIAMOND

WATCH PLANNING

MYUNGGA INTERNATIONAL

GEMBROSS

LEX

PLETINUM GILD

PRICESS

 

Sales by Region (Activity & Markets)

 

The Subject deals with the companies in Hong Kong, India, Japan and USA.

 

 

Court Action

 

Not Available.

 

News Clipping

 

 

--

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.79.60

Euro

1

Rs.63.83

 

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