MIRA
INFORM REPORT
|
Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
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Name : |
DUGWOO CO., LTD. |
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Registered Office : |
1480-10, Songjeong-dong,
Gangseo-gu, Busan, Korea 618-817 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.10.1996 |
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Com. Reg. No.: |
606-81-62671 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Flange, Forging Flange, Girth Flange, Tubesheet, Nozzle, Forged
Fitting |
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No. of Employees : |
20 |
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 |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Basic Information
|
Company Name |
DUGWOO CO., LTD. (Korean Company Name : “(주)덕우”) |
|
Registered Address |
1480-10, Songjeong-dong,
Gangseo-gu, Busan, Korea |
|
Building |
|
|
Zip Code |
618-817 |
|
Tel |
+82-51-831-5194~5 |
|
Fax |
+82-51-831-1266 |
|
E-mail |
sales@dugwoo.com;dugwoo@korea.com |
|
Website |
www.dugwoo.com |
|
Trading Address |
1480-10, Songjeong-dong,
Gangseo-gu, Busan, Korea |
|
Tel |
+82-51-831-5194~5 |
|
Fax |
+82-51-831-1266 |
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Other Address-Noksan Factory |
110-1, Noksan-dong, Gangseo-gu, Busan,, Korea |
|
Tel |
+82-51-832-1480 |
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Fax |
+82-51-832-1488 |
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Type |
Export |
|
Industry |
Forging of Metal |
|
Main Business |
Flange, Forging Flange, Girth Flange, Tubesheet, Nozzle, Forged
Fitting |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
10/10/1996 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pipe flanges(40142400) |
|
Sell |
Pipe fittings(40142300) |
CEO’s
|
Name |
Yang Ki-Sung |
|
Address |
Suite 207-804, 10-4, Jurye-dong,
Sasang-gu, Busan, Korea |
|
Date of Birth |
12/03/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
140,000,000 |
|
Employees |
20 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Industrial Bank of Korea-Noksan Branch |
|
Corporate Registered No. |
180111-0215863 |
|
Business Registered No. |
606-81-62671 |
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Permit & Licenses |
07/2010 ISO 9001 Int’l Trade No.: 12083099 |
|
Shareholder Position |
N/A |
|
Company History |
10/10/1996 Incorporated as DUGWOO MULSAN CO.,
LTD. 08/05/2004 Moved to the present HQ address
from 123-8, Gamjeon-dong, Sasang-gu, Busan, Korea 08/06/2004 Increased capital to 140,000,000
KRW from 70,000,000 KRW 06/25/2008 Changed company name to the
present name 11/2008 Awarded US$ 5 Million Export Top
Prize |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Yang Ki-Sung |
Male |
Korean |
01/04/1999 |
|
Director |
M/S. |
Lee Mi-Sook |
Female |
Korean |
03/30/2002 |
|
Auditor |
Mr. |
Lee Sang-Cheol |
Male |
Korean |
03/30/2008 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
7,509,000,000 |
4,784,000,000 |
1,199,000,000 |
|
2008 |
9,299,000,000 |
5,967,000,000 |
1,095,000,000 |
|
2007 |
|
|
|
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2006 |
|
|
|
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2005 |
|
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2004 |
|
|
|
|
2003 |
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|
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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
140,000,000 |
|
Total Issued Shares |
14,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
4,784,000,000 |
5,967,000,000 |
|
Current Assets |
|
880,000,000 |
3,243,000,000 |
|
-Quick Assets |
|
835,000,000 |
3,189,000,000 |
|
-Inventories |
|
44,000,000 |
54,000,000 |
|
Fixed Assets |
|
3,904,000,000 |
2,724,000,000 |
|
-Investment |
|
33,000,000 |
8,000,000 |
|
-Tangibles |
|
3,762,000,000 |
2,607,000,000 |
|
-Intangibles |
|
- |
- |
|
Total Liabilities |
|
1,455,000,000 |
3,838,000,000 |
|
Current Liabilities |
|
1,405,000,000 |
3,805,000,000 |
|
Fixed Liabilities |
|
51,000,000 |
33,000,000 |
|
Capital Stock |
|
140,000,000 |
140,000,000 |
|
Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
3,189,000,000 |
1,989,000,000 |
|
Capital Adjustment |
|
- |
- |
|
Total Equity |
|
3,329,000,000 |
2,129,000,000 |
|
Liab. & Shareholder’s Equity |
|
4,784,000,000 |
5,967,000,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
7,509,000,000 |
9,299,000,000 |
|
Cost of Sold Goods |
|
4,820,000,000 |
7,042,000,000 |
|
Gross Profit |
|
2,689,000,000 |
2,257,000,000 |
|
Selling & Admin. Expenses |
|
1,301,000,000 |
1,122,000,000 |
|
Operating Income |
|
1,388,000,000 |
1,136,000,000 |
|
Non-Operating Income |
|
285,000,000 |
234,000,000 |
|
Non-Operating Expenses |
|
244,000,000 |
196,000,000 |
|
Income Before Taxes |
|
1,429,000,000 |
1,175,000,000 |
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Income Taxes Expenses |
|
230,000,000 |
80,000,000 |
|
Net Income |
|
1,199,000,000 |
1,095,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Flange, Forging Flange, Girth Flange, Tubesheet, Nozzle, Forged
Fitting |
Trade Partners & Competitors
|
Competitors |
METAL KOREA CO., LTD. 801, JINYEONG-RI, JINYEONG-EUP, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-51-919-6954 FAX:+82-51-919-6957 HAN SHIN METAL CO. 651-58, EOMGUNG-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-305-2240 FAX:+82-51-305-2243 HANDOK METAL CO. 416-1, SINPYEONG 2-DONG, SAHA-GU, BUSAN,
KOREA TEL:+82-51-206-1968 FAX:+82-51-202-0030 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
|
|
Overseas Office |
DUGWOO(M) SDN BHD LOT 9008, JALAN BESAR, 23100 PAKA, DUNGUN,
TERENGGANU DARUL IMAN, MALAYSIA TEL:09-828-6060 FAX:09-828-6061 |
Sales by Region
(Activity &
Markets)
The Subject exports
to Malaysia.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
|
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.