MIRA INFORM REPORT

 

 

Report Date :           

14.06.2011

 

IDENTIFICATION DETAILS

 

Name :

WONIL T.M.C.

 

 

Registered Office :

1080, Nowon-dong 3-ga, Buk-gu, Daegu, Korea, Zip Code 702-083

 

 

Country :

South Korea

 

 

Year of Establishment :

2011

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Textile Machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

Nb

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

Company Name

WONIL T.M.C.

(Korean Company Name : “원일TMC”)

Registered Address

1080, Nowon-dong 3-ga, Buk-gu, Daegu, Korea

Zip Code

702-083

Tel

+82-53-354-3629

Fax

+82-53-354-3628

Trading Address

1080, Nowon-dong 3-ga, Buk-gu, Daegu, Korea

Tel

+82-53-354-3629

Fax

+82-53-354-3628

Type

Export/Import

Industry

Wholesales of Textile Machinery

  Main Business

Machine

Established (mm/dd/yyyy)

2011

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Textile processing machinery and accessories(23121500)

 

 

CEO’s

 

Name

Park Myung-Ryeol

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

N/A

Formation

Sole Proprietorship

Bank Details

Industrial Bank of Korea

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

N/A. (The numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

It is known that the subject has been established in 2011.

 

It is known that the fax number, +82-53-354-3628, belongs to Mr. Park Myung-Ryeol, so we submit the report him as management and owner.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Park Myung-Ryeol

Male

Korean

2011

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

 

 

Financial Description

 

Authorized Capital(KRW)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

Products, Technologies, Services Description

 

Main Products & Services

Textile Machinery

 

Trade Partners & Competitors

 

Competitors

SUNSTAR PRECISION CO., LTD.

178-67, GAJWA 1-DONG, SEO-GU, INCHEON, KOREA

TEL:+82-32-580-5800  FAX:+82-32-571-4546

 

A. M. S. CORPORATION

RM. 708, HYUNDAI TOWER, 7-28, SINCHEON-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-3431-1692  FAX:+82-2-3431-1695

 

TAEWON S & G LTD.

478-3, ONCHEON 1-DONG, DONGNAE-GU, BUSAN, KOREA

TEL:+82-51-558-1911~4  FAX:+82-51-555-3561

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

----

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.87

UK Pound

1

Rs.72.83

Euro

1

Rs.64.37

 

 

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.