MIRA INFORM REPORT

 

 

Report Date :

26.12.2011

 

IDENTIFICATION DETAILS

 

Name :

VB KOREA CO., LTD.

 

 

Registered Office :

564-37, Yeonnam-dong, Mapo-gu, Seoul, Korea 121-869

 

 

Country :

South Korea

 

 

Date of Incorporation :

19.07.2005

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Other Prepared Food

 

 

No. of Employees :

5

 

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

VB KOREA CO., LTD.

(Korean Company Name : “(주)브이비코리아”)

Registered Address

564-37, Yeonnam-dong, Mapo-gu, Seoul, Korea

Zip Code

121-869

Tel

+82-2-334-3874

Fax

+82-2-334-3875

E-mail

info@comorebi.co.kr

Website

www.vbkorea.co.kr;www.comorebi.co.kr

Trading Address

564-37, Yeonnam-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-334-3874

Fax

+82-2-334-3875

Type

Export/Import

Industry

Wholesale of Other Prepared Food

  Main Business

Food & Drink, Cloth, Machine, Infrared Thickness, Moisture Meters, Cosmetics

  Sub Business

Wood Frame House, Spa Facility

Established (mm/dd/yyyy)

07/19/2005

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Coffee and tea(50201700)

Sell

Cosmetics(53131619)

 

 

CEO’s

 

Name

Kim Joon-Young

Address

Suite 503-903, 6, Juyeop-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

09/15/1971

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

261,810,000

Employees

5

Formation

Co., Ltd by shares

Foreign Direct Investment Corporation

Bank Details

N/A

Corporate Registered No.

110111-3271618

Business Registered No.

109-81-***** (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

N/A

Company History

07/19/2005 Incorporated as the present name

07/27/2005 Increased capital to 100,000,000 KRW from 50,000,000 KRW

09/11/2006 Designated as a Foreign Direct Investment Corporation by Japan

06/30/2010 Moved to the present HQ address from 197-39, Donggyo-dong, Mapo-gu, Seoul, Korea

12/24/2010 Increased the authorized shares to 1,000,000 shares from 40,000 shares

08/11/2011 Increased capital to 261,810,000 KRW from 250,000,000 KRW

09/01/2011 Moved to the prese4nt HQ address from 481-18, Seogyo-dong, Mapo-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Joon-Young

Male

Korean

02/22/2008

Director

Mr.

Seo Jung-Min

Male

Korean

07/19/2008

Auditor

Mr.

Choi Yong-Jin

Male

Korean

02/22/2008

 

 

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)

5,000,000,000

Paid-Up Capital(KRW)

261,810,000

Total Issued Shares

52,362

 

Products, Technologies, Services Description

 

Main Products & Services

Food & Drink, Cloth, Machine, Infrared Thickness, Moisture Meters, Cosmetics

 

 

Trade Partners & Competitors

 

Suppliers

KUBARO INDUSTRIES LTD.(JAPAN)

Competitors

GOLDEN BELL INTERNATIONAL CO., LTD.

RM. 202, SEONGSAN BLDG., 33-3, OGEUM-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-401-1295  FAX:+82-2-401-1296

 

YUGINONGSAN CO., LTD.

47-14, GARAKBON-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-3426-6204  FAX:+82-2-402-0660

 

R & G CORPORATION

309-3, GUNGNAE-DONG, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA

TEL:+82-31-711-1232  FAX:+82-31-726-0202

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Japan and USA.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

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

--

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