MIRA INFORM REPORT
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eport Date : |
23.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DAWTECH CO., LTD. |
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Registered Office : |
42-9, Geumbok-ri, Jeongnam-myeon, Hwaseong-si, Gyeonggi-do, Korea, Zip Code 445-964 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.06.2001 |
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Com. Reg. No.: |
124-81-85605 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Installed Tanks and Reservoirs |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 |
DAWTECH CO.,
LTD. (Korean Company Name : “(주)다우테크”) |
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Registered Address |
42-9, Geumbok-ri, Jeongnam-myeon,
Hwaseong-si, Gyeonggi-do, Korea |
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Zip Code |
445-964 |
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Tel |
+82-31-450-6770~2 |
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Fax |
+82-31-450-6774 |
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E-mail |
water1004@dawtech.co.kr |
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Website |
www.dawtech.co.kr |
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Trading Address |
42-9, Geumbok-ri, Jeongnam-myeon,
Hwaseong-si, Gyeonggi-do, Korea |
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Tel |
+82-31-450-6770~2 |
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Fax |
+82-31-450-6774 |
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Other Address-Uiwang Branch |
Rm.908, Daeyoung Golden Valley, 290-2, Gocheon-dong,
Uiwang-si, Gyeonggi-do, Korea |
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Type |
Export/Import |
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Industry |
Manufacture of Installed Tanks and Reservoirs |
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Main Business |
Bolted Tank |
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Established (mm/dd/yyyy) |
06/25/2001 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Storage tanks(24111803) |
CEO’s
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Name |
Gil Han-Suk |
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Address |
431-21, Yeonghwa-dong,
Jangan-gu, Suwon-si, Gyeonggi-do, Korea |
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Date of Birth |
08/28/1957 |
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Title |
Representative Director |
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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 |
6 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Uiwang Branch Kookmin Bank-Osan Branch |
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Corporate Registered No. |
134811-0061078 |
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Business Registered No. |
124-81-85605 |
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Permit & Licenses |
N/A |
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Shareholder Position |
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Company History |
06/25/2001 Incorporated as the present name 02/23/2005 Moved to the present HQ address
from 170-3, Chobu-ri, Mohyeon-myeon, Cheoin-gu, Yongin-si,
Gyeonggi-do, Korea 11/22/2006 Increased capital to 350,000,000
KRW from 200,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Representative Director |
Mr. |
Gil Han-Suk |
Male |
Korean |
06/25/2004 |
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Auditor |
Mr. |
Park Byung-Kon |
Male |
Korean |
01/07/2008 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2,175,000,000 |
2,987,000,000 |
28,000,000 |
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2009 |
6,512,000,000 |
2,652,000,000 |
163,000,000 |
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2008 |
4,607,000,000 |
2,522,000,000 |
64,000,000 |
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2007 |
2,862,000,000 |
2,744,000,000 |
64,000,000 |
Financial Description
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Authorized Capital(KRW) |
1,000,000,000 |
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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 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
2,652,000,000 |
2,522,000,000 |
2,744,000,000 |
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Current Assets |
2,135,000,000 |
2,005,000,000 |
1,950,000,000 |
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-Quick Assets |
2,130,000,000 |
1,633,000,000 |
1,586,000,000 |
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-Inventories |
5,000,000 |
372,000,000 |
364,000,000 |
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Fixed Assets |
517,000,000 |
516,000,000 |
794,000,000 |
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-Investment |
- |
- |
20,000,000 |
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-Tangibles |
209,000,000 |
200,000,000 |
208,000,000 |
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-Intangibles |
2,000,000 |
2,000,000 |
2,000,000 |
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-Others |
306,000,000 |
314,000,000 |
564,000,000 |
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Total Liabilities |
1,609,000,000 |
1,642,000,000 |
1,918,000,000 |
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Current Liabilities |
914,000,000 |
754,000,000 |
1,148,000,000 |
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Fixed Liabilities |
695,000,000 |
888,000,000 |
770,000,000 |
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Capital Stock |
350,000,000 |
350,000,000 |
350,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
694,000,000 |
531,000,000 |
478,000,000 |
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Capital Adjustment |
-1,000,000 |
-1,000,000 |
-1,000,000 |
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Total Equity |
1,043,000,000 |
880,000,000 |
827,000,000 |
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Liab. &
Shareholder’s Equity |
2,652,000,000 |
2,522,000,000 |
2,744,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
6,512,000,000 |
4,607,000,000 |
2,862,000,000 |
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Cost of Sold Goods |
6,011,000,000 |
4,101,000,000 |
2,352,000,000 |
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Gross Profit |
501,000,000 |
505,000,000 |
510,000,000 |
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Selling & Admin. Expenses |
273,000,000 |
339,000,000 |
389,000,000 |
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Operating Income |
228,000,000 |
167,000,000 |
121,000,000 |
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Non-Operating Income |
96,000,000 |
85,000,000 |
48,000,000 |
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Non-Operating Expenses |
120,000,000 |
165,000,000 |
86,000,000 |
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Income Before Taxes |
204,000,000 |
87,000,000 |
83,000,000 |
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Income Taxes Expenses |
40,000,000 |
23,000,000 |
19,000,000 |
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Net Income |
163,000,000 |
64,000,000 |
64,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Bolted Tank |
Trade Partners & Competitors
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Competitors |
MATERIAL TECHNOLOGY SYSTEMS CO., LTD. 844-11, SONGMA-RI, DAEGOT-MYEON, GIMPO-SI,
GYEONGGI-DO, KOREA TEL:+82-31-997-6973 FAX:+82-31-997-6974 HANTECH LTD. SAMSUNG FINE CHEMICALS CO., LTD., 190,
YEOCHEON-DONG, NAM-GU, ULSAN, KOREA TEL:+82-52-270-3811~5 FAX:+82-52-270-3801~2 SOOSUNG HEAVY INDUSTRY CO., LTD. RM. 402, SUSEONG BLDG., 393-18,
HAPJEONG-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-313-3169 FAX:+82-2-322-3148 |
Sales by Region
(Activity & Markets)
Not Available.
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.44.82 |
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UK Pound |
1 |
Rs.72.84 |
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Euro |
1 |
Rs.64.58 |
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.