MIRA INFORM REPORT

 

 

Report Date :

13.01.2011

 

IDENTIFICATION DETAILS

 

Name :

WELL INTERNATIONAL CO., LTD.

 

 

Registered Office :

Rm.510, Central Bldg. 762-4, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea 412-220

 

 

Country :

South Korea

 

 

Date of Incorporation :

10.12.2004

 

 

Com. Reg. No.:

128-81-99324

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesales of Cosmetics, Perfume, Clothes

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

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

 

Company Name

WELL INTERNATIONAL CO., LTD.

(Korean Company Name : “(주)웰인터내셔날”)

Registered Address

762-4, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

Building

Rm.510, Central Bldg.

Zip Code

412-220

Tel

+82-31-978-1175

Fax

+82-31-978-1185

E-mail

admin@emanikorea.com;ynlee0001@naver.com;wellooo@naver.com

Website

www.emanikorea.com;www.biocotton.co.kr

Trading Address

Rm.510, Central Bldg., 762-4, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-978-1175

Fax

+82-31-978-1185

Type

Import/Export

Industry

Wholesales of Cosmetics, Perfume, Clothes

  Main Business

Pad for Babies, Cosmetics, Cotton, Agricultural Products

  Sub Business

 

Established (mm/dd/yyyy)

12/10/2004

 

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

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cosmetics(53131619)

 

 

CEO’s

 

Name

Kim Sun-An

Address

Suite 103-701, 80, Todang-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

03/17/1967

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

5

Formation

Co., Ltd by shares

Bank Details

Industrial Bank of Korea(A/C No.: 290-041190-04-013)

Nonghyup Bank(A/C No. : 520-17-002081)

Corporate Registered No.

281111-0088573

Business Registered No.

128-81-99324

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

12/10/2004 Incorporated as the present name

05/22/2007 Moved to the present HQ address from 298, Todang-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Kim Sun-An

Male

Korean

12/10/2004

Auditor

M/S.

Lee Yu-Nae

Female

Korean

12/10/2004

 

 

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)

400,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

-Face

Liquid Highlighters

Liquid Foundations

FLEX Mineral Pressed Foundation

FLEX Mineral Pressed Bronzers

Crushed Mineral Foundations

Cheek Colors

FLEX Mineral Serum & Primer

 

-Eyes

Brow Fillers

Crushed Color Dusts

Convertible Eye Shadows

Duo Eye Shadows

Eye Transformer

MAGIC SEALER

Matte Powders

Pressed Eye Colors

Special FX Glitter Sparkles

 

-Lips

Lipsticks

Wet Gloss Tubes

 

-Brushes

Eyes Face Lips

 

Brand Name: EMANI , Bloom, Bel Nature

 

 

Trade Partners & Competitors

 

Suppliers

COSMETIC FACTORY(USA)

Customers

Domestic major department stores including Lotte, Hyundai and Galleria.

Competitors

BEE LINE

627-101, GUSAN-DONG, ILSANSEO-GU, GOYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-923-9245~6  FAX:+82-31-923-9247

 

SOMANG COSMETICS CO., LTD.

116B-7L, NAMDONG INDUSTRIAL COMPLEX, 687-14, GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA

TEL:+82-32-818-1004  FAX:+82-32-818-1005

 

EYESOME CO., LTD.

441-19, BANJE-RI, WONGOK-MYEON, ANSEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-651-7007  FAX:+82-31-654-7711

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports from USA and Europe including France.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.16

UK Pound

1

Rs.70.64

Euro

1

Rs.58.68

 

 

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.