MIRA INFORM REPORT

 

 

Report Date :           

05.08.2011

 

IDENTIFICATION DETAILS

 

Name :

HANWOOL CORPORATION

 

 

Registered Office :

968, Hwajeong 2-dong, Deokyang-gu, Goyang-si, Gyeonggi-do, Korea, Rm. 907, Vision Tower 21, Zip Code 412-827

 

 

Country :

South Korea

 

 

Date of Incorporation :

04.11.2006

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Weaving of Man-Made Fiber Fabrics

 

 

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

 

Basic

 

Company Name

HANWOOL CORPORATION

(Korean Company Name : “한울코퍼레이션”)

Registered Address

968, Hwajeong 2-dong, Deokyang-gu, Goyang-si, Gyeonggi-do, Korea

Building

Rm. 907, Vision Tower 21

Zip Code

412-827

Tel

+82-31-969-6492

Fax

+82-31-969-6492

Trading Address

Rm. 907, Vision Tower 21, 968, Hwajeong 2-dong, Deokyang-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-904-6492

Fax

+82-31-969-6492

Type

Export

Industry

Weaving of Man-Made Fiber Fabrics

  Main Business

Polypropylene Fabrics, Polyethylene Fabrics, Industrial Fabrics

Established (mm/dd/yyyy)

11/04/2006

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Polyvinyl Chloride PVC(13102030)

Sell

Fabrics and leather materials(11160000)

Sell

Synthetic fabrics(11161800)

 

 

CEO’s

 

Name

Kim Kye-Young (Mobile : +82-10-3735-3241 / +82-11-735-3241)

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

Industrial Bank of Korea-Ilsan Central Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

128-30-08*** (The numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

Int’l Trade No.: 30504424

Shareholder Position

The owner has 100% shares.

Company History

11/04/2006 Established as the present name

(*)It is known that the subject’s old address was Rm.503, Ilsan Plaza, 776, Janghang 2-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea, and Rm.1411 Daewoo Maison 750-1, Janghang-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea. However the exact date of relocation is not available.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Kim Kye-Young

Male

Korean

11/04/2006

 

 

Financials

 

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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Geo Textile, Webbing, Synthetic Yarn, Remanufactured Toner Cartridge

 

Trade Partners & Competitors

 

Customers

JWD INDUSTRIAL, LLC.

312 SOUTH CANDLER STREET, DECATUR, GEORGIA, USA

 

DDD EROSION CONTROL INC.

1383 INDUSTRIAL DRIVE ASHBURN GA 31714 US

Competitors

KOLON GLOTECH, INC.

8TH FL., KOLON TOWER, 1-23, BYEORYANG-DONG, GWACHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-2-3677-5771~5  FAX:+82-2-3677-5901

 

JEONSAN TEXTILE CO., LTD.

507-1, MOK 2-DONG, YANGCHEON-GU, SEOUL, KOREA

TEL:+82-2-3664-3423  FAX:+82-2-3664-3428

 

YUNSUNG INDUSTRIAL CO., LTD.

1142, NAEGOK-RI, GORYEONG-EUP, GORYEONG-GUN, GYEONGSANGBUK-DO, KOREA

TEL:+82-54-956-3306~8  FAX:+82-54-956-3309

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Australia, Canada and USA.

 

 

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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