MIRA INFORM REPORT

 

 

Report Date :           

27.06.2011

 

IDENTIFICATION DETAILS

 

Name :

DUK-IN CORPORATION

 

 

Registered Office :

42-98, Songgyo-ri, Seosin-myeon, Hwaseong-si, Gyeonggi-do, Korea, 3-8, Hwanam Industrial Complex, Zip Code 445-883

 

 

Country :

South Korea

 

 

Date of Incorporation :

23.12.2010

 

 

Com. Reg. No.:

Co., Ltd by Shares

 

 

Legal Form :

134-09-60279

 

 

Line of Business :

Manufacture of Pharmaceutical Goods Other Than Medicaments

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Basic

 

Company Name

DUK-IN CORPORATION

(Korean Company Name : “()덕인”)

Registered Address

42-98, Songgyo-ri, Seosin-myeon, Hwaseong-si, Gyeonggi-do, Korea

Building

3-8, Hwanam Industrial Complex

Zip Code

445-883

Tel

+82-31-357-5701

Fax

+82-31-357-5706

E-mail

dukin@dukin.com ; john@dukin.com

Website

www.dukin.com

Trading Address

4FL., Hwanhee Bldg., 741, Banpo-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-737-2311~2

Fax

+82-2-739-0891

Type

Export/Import

Industry

Manufacture of Pharmaceutical Goods Other Than Medicaments

  Main Business

Cast Bandage, P-splint, Lite`s, S-splint Roll

Established (mm/dd/yyyy)

12/23/2010

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Casting and splinting supplies(42241500)

Sell

Casting equipment and parts and accessories(42241600)

Sell

Paste bandages(42311523)

Sell

Paste bandages(42311523)

Buy

Synthetic fabrics(11161800)

Buy

Glass fabric or cloth(11162105)

Buy

Gauze bandages(42311511)

Buy

Gypsum(11111601)

 

 

CEO’s

 

Name

Ahn Young-Won(Tony)

Address

Suite 106-403, 300, Seohyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

12/17/1954

Title

President & CEO

Sex

Male

Nationality

Korean

 


Profiles

 

Capital (KRW)

100,000,000

Employees

18

Formation

Co., Ltd by Shares

Bank Details

Shinhan Bank-Kwanghwamun Branch

Corporate Registered No.

134811-0207846

Business Registered No.

134-09-60279

Permit & Licenses

05/09/2003 CE Mark

06/16/2003 ISO 9001

01/24/2008 CE Mark by SGS

01/30/2010 ISO 14001 by URS

 

Int’l Trade No.: 484705

Shareholder Position

N/A

Company History

05/01/1977 Established as DUK-IN CORPORATION(“덕인양행”, Sole Proprietorship)

03/19/2009 Designated as a Venture Business

12/23/2010 Incorporated as the present name from DUK-IN CORPORATION(“덕인양행”, Sole Proprietorship)

 

(*)7FL., Annex Bldg., Ohyang Susan Bldg., 76-3, Taepyeongno 1-ga, Jung-gu, Seoul, Korea was the office of the subject company and moved to the present trading address.

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Ahn Young-Won(Tony)

Male

Korean

12/23/2010

Director

Mr.

Oh Se-Chan

Male

Korean

12/23/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

2,580,000,000

 

 

2008

1,870,000,000

 

 

2007

1,923,000,000

 

 

2006

1,989,000,000

4,877,000,000

5,655,000,000

2005

1,816,000,000

1,609,000,000

179,000,000

2004

1,858,000,000

1,803,000,000

180,000,000

 

Financial Description

 

Authorized Capital(KRW)

400,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Cast Bandage, P-splint, Lite`s, S-splint Roll

 

Brand Name : Duk-In, Imoove, Raylife, Icoone

 

 

Trade Partners & Competitors

 

Competitors

BONA MEDICAL SUPPLY CO., LTD.

787, JUNG-RI, DONGTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-377-8091  FAX:+82-31-377-8095

 

SUNG SIM MEDICAL SUPPLY CO., LTD.

94-97, YEONGDEUNGPODONG 7-GA, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-2633-0019  FAX:+82-2-2677-2286

 

PENMIX LTD.

297-5, GUNSEO-RI, JIKSAN-EUP, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-580-5900  FAX:+82-41-580-5906

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Taiwan, India, Iran, Syria 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

UK Pound

1

Rs.71.89

Euro

1

Rs.64.09

 

 

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

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

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

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.