MIRA INFORM REPORT

 

 

Report Date :           

05.08.2011

 

IDENTIFICATION DETAILS

 

Name :

DONGWOO SPORTS CO., LTD.

 

 

Registered Office :

8354, Yeokchon-dong, Eunpyeong-gu, Seoul, Korea, Zip code 122-903

 

 

Country :

South Korea

 

 

Date of Incorporation :

14.11.2007

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Sports and Athletic Goods

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 


NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Basic

 

Company Name

DONGWOO SPORTS CO., LTD.

 (Korean Company Name : “()동우스포츠”)

Registered Address

8354, Yeokchon-dong, Eunpyeong-gu, Seoul, Korea

Zip Code

122-903

Tel

+82-2-382-3598

Fax

+82-2-355-3586

E-mail

clv410@naver.com

Website

www.dongwoosports.com

Trading Address

83-54, Yeokchon-dong, Eunpyeong-gu, Seoul, Korea

Tel

+82-2-382-1246

Fax

+82-2-382-5319

Type

Export/Import

Industry

Wholesale of Sports and Athletic Goods

  Main Business

Racket, Shuttle Cock

Established (mm/dd/yyyy)

11/14/2007

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Badminton birdies or shuttlecocks(49161609)

Sell

Badminton rackets(49161602)

 

 

CEO’s

 

Name

Song Jung-Il

Address

Suite 201-501, 223, Gusan-dong, Eunpyeong-gu, Seoul, Korea

Date of Birth

03/24/1968

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

6

Formation

Co., Ltd by Shares

Bank Details

Shinhan Bank (A/C No.: 110-318-219944)

Nonghyup Bank (A/C No.: 351-0361-4664-33)

Corporate Registered No.

110111-3787748

Business Registered No.

110-81-80*** (The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

11/14/2007 Incorporated as the present name

06/01/2009 Moved to the present HQ address from 36-20, Yeokchon-dong, Eunpyeong-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Song Jung-Il

Male

Korean

11/14/2007

Auditor

Mr.

Lee Dong-Woo

Male

Korean

11/14/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

2,989,000,000

 

 

2008

 

 

 

2007

3,200,000,000

 

3,000,000

The latest & full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Racket, Shuttle Cock

 

 

Trade Partners & Competitors

 

Competitors

DONG SEUNG TRADING CO., LTD.

423-1, MANGWON-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-335-2551  FAX:+82-2-333-2565

 

EDDY SHOP CO., LTD.

3RD FL., GWANGSEONG BLDG., 87-3, JONGAM-DONG, SEONGBUK-GU, SEOUL, KOREA

TEL:+82-2-921-7709  FAX:+82-2-971-7768

 

MINTON SPORTS CO., LTD.

204-1, DONGGYO-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-333-8688  FAX:+82-2-333-8689

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

DONGWOO SPORTS CO.(111-02-74223)

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.72.70

Euro

1

Rs.63.55

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.