MIRA INFORM REPORT

 

 

 

Report Date :

19.09.2008

 

IDENTIFICATION DETAILS

 

Name :

GARAM CO. LTD.

 

 

Registered Office :

541-1, Gojan 2-dong, Danwon-gu, Ansan-si, Gyeonggi-do

 

 

Country :

Korea

 

 

Date of Incorporation :

19.04.2007

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Development and Subdividing of Non-Residential Buildings & Residential Property Management

 

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

GARAM CO., LTD.

(Korean Company Name : “가람”)

Registered Address

541-1, Gojan 2-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Building

Rm.402, Dongsuh Officetel

Zip Code

425-868

Tel

+82-31-405-3003

Trading Address

Rm.402, Dongsuh Officetel, 541-1, Gojan 2-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Tel

+82-31-405-3003

Type

Import/Export

Industry

Construction Service, Real Estate Consulting Service, Real Estate Management & Lotting, Real Estate Brokerage Service

  Main Business

Development and Subdividing of Non-Residential Buildings & Residential Property Management

Established (mm/dd/yyyy)

04/19/2007

 

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Construction Service

Sell

Real Estate Consulting Service

Sell

Real Estate Management & Lotting Service

Sell

Real Estate Brokerage Service

 

 

CEO’s

 

Name

Choi Keun-Soo

Address

Rm.402, Dongsuh Officetel, 541-1, Gojan 2-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Date of Birth

08/10/1962

Title

President & CEO

Sex

Male

Nationality

Korea

 

 

Profiles

 

Capital

50,000,000 KRW

Employees

3

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

131411-0195943

Business Registered No.

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

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

04/19/2007 Incorporated as GARAM INVESTMENT DEVELOPMENT CO., LTD.

03/18/2008 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Choi Keun-Soo

Male

Korean

04/19/2007

Director

Mr.

Choi Keun-Il

Male

Korean

04/19/2007

Director

Mr.

Choi Keun-Soo

Male

Korean

04/19/2007

Auditor

M/S.

Park Jeom-Sook

Female

Korean

04/19/2007

 

 

Financials

                                                                                                                                               

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

Construction Service, Real Estate Consulting Service, Real Estate Management & Lotting, Real Estate Brokerage Service

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

News Clipping

---

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.46.71

UK Pound

1

Rs.83.57

Euro

1

Rs.65.90

 

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