MIRA INFORM
REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
DIM-NET CO |
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Registered Office : |
127, Wanggil-dong, Seo-gu, Incheon, Korea, Zip Code 404-290 |
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Country : |
South koura |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.09.1998 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of Other Machine-Tools for Working |
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
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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 |
DIM-NET CO. (Korean Company
Name : “딤넷”) |
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Registered Address |
127, Wanggil-dong, Seo-gu, Incheon, Korea |
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Zip Code |
404-290 |
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Tel |
+82-32-565-9105~7 |
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Fax |
+82-32-565-9108 |
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E-mail |
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Website |
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Trading Address |
127, Wanggil-dong, Seo-gu, Incheon, Korea |
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Tel |
+82-32-565-9105~7 |
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Fax |
+82-32-565-9108 |
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Type |
Export/Import |
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Industry |
Manufacture of Other Machine-Tools for Working |
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Main Business |
Machine for Diamond Cutting Tool, Cold Press, Sintering Machine,
Brazing Machine, Laser Welding Machine, Grinding Machine, Polishing Machine,
Tension Machine |
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Established (mm/dd/yyyy) |
09/10/1998 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Cutting tools(23153300) |
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Sell |
Machine end mills(23172005) |
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Sell |
Vacuum Sintering Machine |
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Sell |
Automatic Cold Press |
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Sell |
Automatic Brazing Machine |
CEO’s
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Name |
Lee Sung-Mok |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
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Employees |
8 |
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Formation |
Sole Proprietorship |
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Bank Details |
Citibank, Korea-Shinhyun Dong Branch Industrial Bank of Korea |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
121-02-46*** |
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Permit & Licenses |
Int’l Trade No.: 14069664 |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
09/10/1998 Established as the present name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Lee Sung-Mok |
Male |
Korean |
09/10/1998 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
1,635,000,000 |
846,000,000 |
73,230,000 |
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2008 |
1,207,000,000 |
1,129,000,000 |
59,710,000 |
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2007 |
869,000,000 |
750,000,000 |
46,980,000 |
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2006 |
180,000,000 |
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2005 |
145,000,000 |
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2004 |
97,000,000 |
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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) |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issues Shares |
Not Applicable to the Sole Proprietorship |
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 |
846,000,000 |
1,129,000,000 |
750,000,000 |
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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 |
643,000,000 |
855,000,000 |
698,000,000 |
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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 |
203,000,000 |
274,000,000 |
52,000,000 |
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Liab. &
Shareholder’s Equity |
846,000,000 |
1,129,000,000 |
750,000,000 |
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 |
1,635,000,000 |
1,207,000,000 |
869,000,000 |
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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 |
73,000,000 |
60,000,000 |
47,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Machine for Diamond Cutting Tool, Cold Press, Sintering Machine,
Brazing Machine, Laser Welding Machine, Grinding Machine, Polishing Machine,
Tension Machine |
Trade Partners & Competitors
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Competitors |
JINMYUNG INDUSTRY CO., LTD. 321-2, DANGJEONG-DONG, GUNPO-SI,
GYEONGGI-DO, KOREA TEL:+82-31-455-0441~3 FAX:+82-31-455-0444 SE WOONG CO. 549, CHASAN-RI, HWADO-EUP, NAMYANGJU-SI,
GYEONGGI-DO, KOREA TEL:+82-31-593-6014 FAX:+82-31-593-6015 PACK CHEON MACHINERY CO., LTD. 427-17, CHEONGCHEON 2-DONG, BUPYEONG-GU,
INCHEON, KOREA TEL:+82-32-517-8014 FAX:+82-32-517-8024 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Australia, Canada, China, India, Taiwan, Japan, Russia
and USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
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.