MIRA
INFORM REPORT
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Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
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Name : |
HYUNDAE STONE INDUSTRIES CO., LTD. |
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Registered Office : |
277-9, Jinae-dong, Gimhae-si,
Gyeongsangnam-do, Korea 621-220 |
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Country : |
South Korea |
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Date of Incorporation : |
01.06.2005 |
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Com. Reg. No.: |
615-81-41175 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales and Retails of Stone |
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
HYUNDAE STONE INDUSTRIES CO., LTD. (Korean Company Name : “(주)현대석재산업”) |
|
Registered Address |
277-9, Jinae-dong,
Gimhae-si, Gyeongsangnam-do, Korea |
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Zip Code |
621-220 |
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Tel |
+82-55-321-4334 |
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Fax |
+82-55-321-4334 |
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Trading Address |
277-9, Jinae-dong,
Gimhae-si, Gyeongsangnam-do, Korea |
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Tel |
+82-55-321-4334 |
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Fax |
+82-55-321-4334 |
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Type |
Export/Import |
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Industry |
Wholesales and Retails of Stone |
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Main Business |
Stone Materials, Brick Laying and
Stone Setting Works |
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Established (mm/dd/yyyy) |
01/06/2005 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Masonry and stonework and tile
setting(72102500) |
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Sell |
Stone(11111600) |
CEO’s
|
Name |
Choi Kang-Soo |
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Address |
Suite 106-802, 2264, Hwamyeong-dong,
Buk-gu, Busan, Korea |
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Date of Birth |
08/08/1967 |
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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) |
200,000,000 |
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Employees |
4 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
195511-0076450 |
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Business Registered No. |
615-81-41175 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
01/06/2005 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Choi Kang-Soo |
Male |
Korean |
01/06/2008 |
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Director |
Mr. |
Kwon Soon-Koo |
Male |
Korean |
01/06/2008 |
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Director |
Mr. |
Ahn Jung-Min |
Male |
Korean |
01/06/2008 |
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Auditor |
Mr. |
Kim Sung-Ho |
Male |
Korean |
07/18/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
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2007 |
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2006 |
527,000,000 |
362,000,000 |
16,000,000 |
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2005 |
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2004 |
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2003 |
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The latest & full
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) |
800,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
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Total Issues Shares |
20,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Stone Materials, Brick Laying and
Stone Setting Works |
Trade Partners & Competitors
|
Competitors |
KYURE STONE INDUSTRY CO., LTD. RM. 301, HANSEONG BLDG., 282-6, NEUNG-DONG,
GWANGJIN-GU, SEOUL, KOREA TEL:+82-2-3437-2511~3 FAX:+82-2-3437-2514 SPARTAN STONE CO., LTD. 212-20, NOWONDONG 3-GA, BUK-GU, DAEGU,
KOREA TEL:+82-53-351-1212 FAX:+82-53-351-1213 NOBEL STONE CO., LTD. 572-11, GUMUI-RI, JANGAN-MYEON,
HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-358-6450 FAX:+82-31-358-6451 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
|
1 |
Rs.72.42 |
|
Euro |
1 |
Rs.63.62 |
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 |
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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 |
|
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 |
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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 |
|
<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.