MIRA INFORM REPORT

 

 

Report Date :

08.12.2011

 

IDENTIFICATION DETAILS

 

Name :

FOCUSTIME CO., LTD.

 

 

Registered Office :

Suite 1105, Ace Twin Tower, 212-1, Guro-dong, Guro-gu, Seoul, Korea 152-050

 

 

Country :

South Korea

 

 

Date of Incorporation :

19.01.2009

 

 

Com. Reg. No.:

113-86-27046

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales of Telecommunication Equipments

 

 

No. of Employees :

20

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 Information

 

Company Name

FOCUSTIME CO., LTD.

(Korean Company Name : “()포커스타임”)

Registered Address

Suite 1105, Ace Twin Tower, 212-1, Guro-dong, Guro-gu, Seoul, Korea

Building

 

Zip Code

152-050

Tel

+82-2-858-8000

Fax

+82-2-854-6000

E-mail

ssh@focustime.co.kr

Website

www.focustime.co.kr

Trading Address

Suite 1105, Ace Twin Tower, 212-1, Guro-dong, Guro-gu, Seoul, Korea

Tel

+82-2-858-8000

Fax

+82-2-854-6000

Type

Services

Industry

Wholesales of Telecommunication Equipments

  Main Business

Network Solution, Maintenance Services, VoIP Solution

Established (mm/dd/yyyy)

01/19/2009

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Local and long distance telephone communications(83111500)

 

 

CEO’s

 

Name

Lee Nak-Won

Address

Suite 139-1201, 19, Jamsil-dong, Songpa-gu, Seoul, Korea

Date of Birth

03/10/1962

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

500,000,000

Employees

20

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-4030758

Business Registered No.

113-86-27046

Permit & Licenses

Int’l Trade No.: 30669554

Shareholder Position

N/A

Company History

01/19/2009 Incorporated as the present name

09/29/2009 Moved to the present HQ address from 314-1, Guro-dong, Guro-gu, Seoul, Korea

12/30/2009 Increased capital to 500,000,000 KRW from 300,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Nak-Won

Male

Korean

09/29/2009

Director

M/S.

Park Sook-Jin

Female

Korean

09/29/2009

Auditor

Mr.

Kim Min-Kyum

Male

Korean

09/29/2009

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

18,500,000,000

 

 

2009

 

 

 

The 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)

1,200,000,000

Paid-Up Capital(KRW)

500,000,000

Total Issued Shares

100,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Network Consulting

Networking Solution

Security Solution

Wireless Solution

CMTS Solution

VoIP

 


Trade Partners & Competitors

 

Competitors

RAPPORT COMMUNICATIONS CO., LTD.

RM. 1320, DAEWOO THE`O VILLE GANGNAM OFFICETEL, 1309-1, SEOCHO 4-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-6203-6789  FAX:+82-2-6205-6788

 

MONTISTA TELECOM CO., LTD.

5TH FL., DAERYUNG POST TOWER 2-CHA, 182-13, GURO 3-DONG, GURO-GU, SEOUL, KOREA

TEL:+82-70-7100-7100  FAX:+82-2-6244-5550

 

ENUSTECH CO., LTD.

5TH FI., DOOYI BLDG., 1196-2, GAEPO 4-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-70-7547-7599  FAX:+82-2-3452-3603

 

WEB2 PHONE CO., LTD.

3RD FL., NAMIL YEDANG BLDG., 793-5, BANGBAEBON-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-591-9926  FAX:+82-2-3482-8729

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.45

UK Pound

1

Rs.80.38

Euro

1

Rs.69.12

 

 

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.