MIRA INFORM REPORT

 

 

Report Date :           

19.08.2011

 

IDENTIFICATION DETAILS

 

Name :

DOOJEONG CONSTRUCTION CO., LTD.

 

 

Registered Office :

371-28, Gasan-dong, Geumcheon-gu, Seoul, Korea, RM. B210, B-Dong, Woolim Lion's Valley, Zip Code 153-786

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

18.02.2000

 

 

Com. Reg. No.:

119-81-36136

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales and Retails of Stone, Construction Materials

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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

DOOJEONG CONSTRUCTION CO., LTD.

(Korean Company Name : “두정공영()”)

Registered Address

371-28, Gasan-dong, Geumcheon-gu, Seoul, Korea

Building

RM. B210, B-Dong, Woolim Lion's Valley

Zip Code

153-786

Tel

+82-2-2026-0482

Fax

+82-2-2026-0490

E-mail

lj@doojeong.co.kr

Trading Address

RM. B210, B-Dong, Woolim Lion's Valley, 371-28, Gasan-dong, Geumcheon-gu, Seoul, Korea

Tel

+82-2-2026-0482

Fax

+82-2-2026-0490

Type

Export/Import

Industry

Wholesales and Retails of Stone, Construction Materials

  Main Business

Stone Materials, Brick Laying and Stone Setting Works

Established (mm/dd/yyyy)

02/18/2000

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Masonry and stonework and tile setting(72102500)

 

 

CEO’s

 

Name

Song Young-Taek

Address

Suite 704, 1717, Sillim-dong, Gwanak-gu, Seoul, Korea

Date of Birth

04/01/1963

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

550,000,000

Employees

15

Formation

Co., Ltd by Shares

Bank Details

Nonghyup Bank-Guro Branch

Corporate Registered No.

110111-1883324

Business Registered No.

119-81-36136

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

02/18/2000 Incorporated as the present name

12/16/2004 Increased capital to 550,000,000 KRW from 300,000,000 KRW

08/20/2010 Moved to the present HQ address from RM. A511, Woolim Lion's Valley, 371-28, Gasan-dong, Geumcheon-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Song Young-Taek

Male

Korean

02/18/2000

Director

Mr.

Song Young-Woon

Male

Korean

03/28/2009

Auditor

M/S.

Hur Eun-Sook

Female

Korean

02/18/2000

Supervisor

Mr.

Song Young-Ha

Male

Korean

12/12/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

6,310,000,000

2,707,000,000

131,000,000

2008

5,842,000,000

2,297,000,000

137,000,000

2007

7,603,000,000

2,015,000,000

148,000,000

The latest 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)

800,000,000

Paid-Up Capital(KRW)

550,000,000

Total Issues Shares

55,000

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Total Assets

     2,707,000,000

     2,297,000,000

   2,015,000,000

Current Assets

 

 

 

-Quick Assets

 

 

 

-Inventories

 

 

 

Fixed Assets

 

 

 

-Investment

 

 

 

-Tangibles

 

 

 

-Intangibles

 

 

 

Total Liabilities

1,656,000,000

1,377,000,000

1,233,000,000

Current Liabilities

 

 

 

Fixed Liabilities

 

 

 

Capital Stock

 

 

 

Capital Surplus

 

 

 

Profit Surplus

 

 

 

Capital Adjustment

 

 

 

Total Equity

     1,051,000,000

       920,000,000

      782,000,000

Liab. & Shareholder’s Equity

     2,707,000,000

     2,297,000,000

   2,015,000,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Sales

     6,310,000,000

     5,842,000,000

   7,603,000,000

Cost of Sold Goods

 

 

 

Gross Profit

 

 

 

Selling & Admin. Expenses

 

 

 

Operating Income

 

 

 

Non-Operating Income

 

 

 

Non-Operating Expenses

 

 

 

Income Before Taxes

 

 

 

Income Taxes Expenses

 

 

 

Net Income

       131,000,000

       137,000,000

      148,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Stone Materials, Brick Laying and Stone Setting Works

 

 

Trade Partners & Competitors

 

Competitors

KYURE STONE INDUSTRY CO., LTD.

RM. 301, HANSEONG BLDG., 282-6, NEUNG-DONG, GWANGJIN-GU, SEOUL, KOREA

TEL:+82-2-3437-2511~3  FAX:+82-2-3437-2514

 

SPARTAN STONE CO., LTD.

212-20, NOWONDONG 3-GA, BUK-GU, DAEGU, KOREA

TEL:+82-53-351-1212  FAX:+82-53-351-1213

 

NOBEL STONE CO., LTD.

572-11, GUMUI-RI, JANGAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-358-6450  FAX:+82-31-358-6451

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

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%)

 

 

 

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

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