MIRA INFORM
REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
DAVIS DIAMOND CO. LTD. |
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Formerly Known As : |
SION DIAMOND CO., LTD. |
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Registered Office : |
127, Bongik-dong, Jongno-gu, Seoul, Korea, 6th Fl., Geumgang Bldg., Zip Code 110-390 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
21.02.2002 |
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Com. Reg. No.: |
101-81-80077 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Watches and Jewelry |
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 |
DAVIS DIAMOND CO. LTD. (Korean Company Name : “(주)다비스다이아몬드”) |
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Registered Address |
127, Bongik-dong, Jongno-gu, Seoul, Korea |
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Building |
6th Fl., Geumgang Bldg. |
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Zip Code |
110-390 |
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Tel |
+82-2-747-1802 |
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Fax |
+82-2-3676-8837 |
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E-mail |
contact@davis.co.kr;davis747@hanmail.net |
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Website |
www.davisdia.com |
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Trading Address |
6th
Fl., Geumgang Bldg., 127, Bongik-dong, Jongno-gu, Seoul, Korea |
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Tel |
+82-2-747-1802 |
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Fax |
+82-2-3676-8837 |
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Other Address-Jongro Btanch |
Rm.101, Sungcahng
Bladg., 97-1, Bongik-dong, Jongno-gu, Seoul, Korea |
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Type |
Import |
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Industry |
Wholesale of Watches and Jewelry |
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Main Business |
Diamond |
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Established
(mm/dd/yyyy) |
02/21/2002 |
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 |
Diamond gemstones(54121501) |
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Sell |
Fine jewelry necklaces(54101502) |
CEO’s
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Name |
Hong Yeun-Ho |
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Address |
Suite 1001-1002, 728, Naebalsan-dong,
Gangseo-gu, Seoul 157-280 Korea |
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Date of Birth |
07/24/1962 |
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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) |
300,000,000 |
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Employees |
13 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Jongro Branch |
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Corporate Registered No. |
110111-2451526 |
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Business Registered No. |
101-81-80077 |
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Permit & Licenses |
Int’l Trade No.: 45012398 |
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Shareholder Position |
N/A |
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Company History |
02/21/2002 Incorporated as SION DIAMOND
CO., LTD. 02/22/2002 Changed company name to the
present name 11/18/2006 Increased capital to
300,000,000 KRW from 100,000,000 KRW 06/04/2009 Moved to the present HQ address
from Rm. 401, Seongsang Bldg., 97-1, Bongik-dong, Jongno-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Hong Yeun-Ho |
Male |
Korean |
03/18/2002 |
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Director |
M/s. |
Kim Young-Mi |
Female |
Korean |
03/28/2005 |
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Director |
Mr. |
Chang Ki-Ho |
Male |
Korean |
11/17/2006 |
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Auditor |
M/s. |
Kim Myung-Soon |
Female |
Korean |
03/28/2005 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
5,644,000,000 |
3,624,000,000 |
-311,000,000 |
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2007 |
3,705,000,000 |
2,279,000,000 |
57,000,000 |
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2006 |
2,661,000,000 |
1,995,000,000 |
51,000,000 |
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2005 |
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2004 |
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2003 |
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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) |
400,000,000 |
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Paid-Up Capital(KRW) |
300,000,000 |
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Total Issues Shares |
60,000 |
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 |
3,624,000,000 |
2,279,000,000 |
1,995,000,000 |
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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 |
3,395,000,000 |
1,739,000,000 |
1,511,000,000 |
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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 |
229,000,000 |
540,000,000 |
484,000,000 |
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Liab. &
Shareholder’s Equity |
3,624,000,000 |
2,279,000,000 |
1,995,000,000 |
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 |
5,644,000,000 |
3,705,000,000 |
2,661,000,000 |
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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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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
-311,000,000 |
57,000,000 |
51,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Diamond, Jewelry |
Trade Partners & Competitors
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Competitors |
GP DIAMONDS LTD. 2ND FL., HANMI JEWELRY COMPLEX, 64-1,
MYO-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-766-4880 FAX:+82-2-745-4880 GOLDENDEW CO.,
LTD.(110111-0319445) 1ST FL., HWADONG BLDG., 1466-14, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3415-5700 FAX:+82-2-3471-1455 GEMOPIA JEWELRY CO., LTD. E-201, BUNDANG TECHNO PARK, 151, YATAP-DONG,
BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA TEL:+82-31-708-2005 FAX:+82-31-707-7534 |
Sales by Region
(Activity &
Markets)
The subject imports
Diamond from the companies in India. For 2005, 2006 and 2007, the subject has
been ranked as 3rd importer of Diamond and 1st Wholesaler
in Korea.
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.44.94 |
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UK Pound |
1 |
Rs.71.89 |
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Euro |
1 |
Rs.64.09 |
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.