MIRA INFORM REPORT

 

 

Report Date :           

12.12.2011

 

IDENTIFICATION DETAILS

 

Name :

KWANGJU INDUSTRY CO.

 

 

Registered Office :

684-2, Ilgok-dong, Buk-gu, Gwangju, Korea 500-866

 

 

Country :

South Korea

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Cotton Waste

 

 

No. of Employees :

Not Available

 

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 :

No Complaints

 

 

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

KWANGJU INDUSTRY CO.

(Korean Company Name : “광주산업”)

Registered Address

684-2, Ilgok-dong, Buk-gu, Gwangju, Korea

Zip Code

500-866

Tel

+82-62-571-6470

Fax

+82-62-571-8946

E-mail

a15551@hotmail.net

Website

 

Trading Address

402-8, Yangsan-dong, Buk-gu, Gwangju, Korea

Tel

+82-62-571-6470

Fax

+82-62-571-8946

Type

Export/Import

Industry

Wholesales of Cotton Waste

  Main Business

Cotton Waste for Mushroom, Cleaned Cotton Waste

Established (mm/dd/yyyy)

N/A

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cotton ball or fiber(42141501)

Sell

Cotton fibers(11151507)

Buy

Cotton(11121802)

 

 

CEO’s

 

Name

Lee Pyung-Ho

Address

 

Date of Birth

 

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

N/A

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

409-17-***** (The full numbers are kept by the National Tax Service confidentially.)

Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

N/A

 

Due to lack of information, we contacted the subject at +82-62-571-6470 which is belonged to a company, called as TAEBONG CO., LTD.(200111-0013098), and interviewed with Mr. Lee Pyung-Ho who is Owner of the subject company after asking TAEBONG’s one lady to make phone transfer.

 

He confirmed that they are located in the territory of TAEBONG CO., LTD.(200111-0013098) and engaged in importing Cotton Waste for Mushroom. For our further requests on their information, he gently rejected to release their details unless he knows who is about to know.

 

In our research through the official sources including the Supreme Court Registry at which every Co Ltd type of Company should be registered, we could not find the subject company. So we submit the report as a Sole Proprietorship Type of Company.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Lee Pyung-Ho

Male

Korean

 

 

 

Financials

 

The 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 Issued Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Cotton Waste for Mushroom

 

Trade Partners & Competitors

 

Customers

TAEBONG CO., LTD.(200111-0013098)

Competitors

PUSAN TRADE PROMOTION CO., LTD.

2ND FL., HWAYEONG BLDG., 52-12, JUNGANGDONG 4-GA, JUNG-GU, BUSAN, KOREA

TEL:+82-51-464-9991  FAX:+82-51-464-9994

 

SEYONG CO., LTD.

49-1, BANGCHO-RI, ILJUK-MYEON, ANSEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-674-8191  FAX:+82-31-674-8198

 

C.A.K. INTERNATIONAL CO., LTD.

RM. 1201, AT CENTER, 232, YANGJAE 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-6300-8231  FAX:+82-2-6300-8238

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.81.55

Euro

1

Rs.69.60

 

 

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

 

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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.