MIRA INFORM REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Name : |
NEXOLVE CO., LTD |
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Registered Office : |
543, Dogok 1-dong, Gangnam-gu, Seoul, Korea, 6th Fl., Dongsin Bldg., Zip Code 135-857 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
01.08.2006 |
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Com. Reg. No.: |
211-87-85046 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Sports and Athletic Goods |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company Name |
NEXOLVE CO., LTD. (Korean Company Name : “(주)넥솔브”) |
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Registered
Address |
543, Dogok 1-dong, Gangnam-gu, Seoul, Korea |
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Building |
6th Fl., Dongsin Bldg. |
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Zip Code |
135-857 |
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Tel |
+82-1577-6610 |
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Fax |
+82-2-3446-3915 |
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E-mail |
webmaster@
slendertone.co.kr;timpark@nexolve.co.kr |
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Website |
www.slendertone.co.kr |
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Trading Address |
6th Fl., Dongsin Bldg., 543, Dogok 1-dong, Gangnam-gu, Seoul, Korea |
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Tel |
82-2-571-9898 |
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Fax |
+82-2-3446-3915 |
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Type |
Export/Import |
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Industry |
Wholesale of Sports and Athletic Goods |
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Main Business |
Cosmetics,
Medical Devices, Health Equipments, Shoes |
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Sub Business |
Wholesale of Medical, Precision and Scientific Instruments
and Equipment |
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Established
(mm/dd/yyyy) |
08/01/2006 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Sport accessories(49221500) |
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Sell |
Cosmetics(53131619) |
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Sell |
Medical equipment and accessories and
supplies(42000000) |
CEO’s
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Name |
Lim Jung-Bin |
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Address |
Rm.106-1303, 13-1, Jeongja-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Date of Birth |
08/15/1959 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
350,000,000 |
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Employees |
24 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank-Yeoksam Corporate Finance
Branch (A/C No.: 140-008-592246) |
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Corporate Registered No. |
110111-3502633 |
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Business Registered No. |
211-87-85046 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
08/01/2006 Incorporated as the present name 03/22/2007 Moved to the present HQ address
from 505-5, Sinsa-dong, Gangnam-gu, Seoul, Korea 08/18/2008 Increased the authorized shares to 1,000,000 shares from
280,000 shares |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Lim Jung-Bin |
Male |
Korean |
03/22/2007 |
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Director |
M/S. |
Lee Keun-Hee |
Female |
Korean |
07/18/2008 |
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Director |
M/S. |
Shin Hye-Yong |
Female |
Korean |
07/18/2008 |
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Auditor |
Mr. |
Seo Yoon-Soo |
Male |
Korean |
07/18/2008 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
20,903,000,000 |
3,913,000,000 |
1,512,000,000 |
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2007 |
8,209,000,000 |
2,305,000,000 |
705,000,000 |
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2006 |
767,000,000 |
320,000,000 |
(-)100,000,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
5,000,000,000 |
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Paid-Up Capital(KRW) |
350,000,000 |
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Total Issues Shares |
70,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Total Assets |
3,913,000,000 |
2,305,000,000 |
320,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
1,446,000,000 |
1,350,000,000 |
70,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
2,467,000,000 |
955,000,000 |
250,000,000 |
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Liab. &
Shareholder’s Equity |
3,913,000,000 |
2,305,000,000 |
320,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Sales |
20,903,000,000 |
8,209,000,000 |
767,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Ordinary Income |
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Special Income |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
1,512,000,000 |
705,000,000 |
-
100,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Cosmetics Medical Devices Health Equipments Shoes Bags Brand Name : Slendertone Flex, Ameri Bag |
Trade Partners & Competitors
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Suppliers |
BIO MEDICAL RESEARCH(IRELAND) |
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Customers |
The Subject sells the products through
major internet shopping malls including CJ Mall, GS e-shop, Lotte I-Mall and
H mall, and home shopping companies including CJ Home shopping, Lotte Home
Shopping, Hyundai Home Shopping and NS Home shopping. And it sells the products through major
domestic department stores including Shinsegae, Lotte and Hyundai Department
Stores. |
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Competitors |
TAEWOONG MEDICAL CO., LTD. 1-5, GOMAK-RI, WOLGOT-MYEON, GIMPO-SI,
GYEONGGI-DO, KOREA TEL:+82-31-996-0641 FAX:+82-31-996-0646 EZRA CO., LTD. 8TH FL., MORNING TOWER, 736-41, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-562-8889 FAX:+82-2-562-8872 OREO HEALTH CARE CO., LTD. 5TH FL., KOREA BLDG., 1-4, GUNJA-DONG,
GWANGJIN-GU, SEOUL, KOREA TEL:+82-2-469-3950 FAX:+82-2-469-3951 |
Sales by Region
(Activity & Markets)
The Subject imports
from Ireland.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.68 |
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UK Pound |
1 |
Rs.73.05 |
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Euro |
1 |
Rs.64.29 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.