MIRA INFORM REPORT

 

 

Report Date :           

08.03.2011

 

IDENTIFICATION DETAILS

 

Name :

CO & CO LTD.

 

 

Registered Office :

65-3, Sikgeum-ri, Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea, Zip Code 449-824

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

07.12.2005

 

 

Com. Reg. No.:

124-86-40001

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesaler of Materials for Recycling and Other Specialized Goods

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

CO & CO LTD.

(Korean Company Name : “(주)코앤코”)

Registered Address

65-3, Sikgeum-ri, Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea

Zip Code

449-824

Tel

+82-31-337-3208~10

Fax

+82-31-337-3207

E-mail

film@conco.co.kr

Website

www.conco.co.kr

Trading Address

65-3, Sikgeum-ri, Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea

Tel

+82-31-337-3208~10

Fax

+82-31-337-3207

Other Address

3-5, Chugye-ri, Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea

Type

Export

Industry

Wholesale of Materials for Recycling and Other Specialized Goods n.e.c.

  Main Business

Solar Window Film ,PET Film

Established (mm/dd/yyyy)

12/07/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Films(13111200)

Sell

Window film(30141511)

Sell

Polyethylene films(13111201)

 

 

CEO’s

 

Name

Park Oh-Kyun

Address

Suite 103-1702, 1162, Bojeong-dong, Giheung-gu, Yongin-si, Gyeonggi-do, Korea

Date of Birth

President & CEO

Title

12/15/1961

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

3

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea-Youngtong Branch

Corporate Registered No.

135811-0121061

Business Registered No.

124-86-40001

Permit & Licenses

Int’l Trade No.: 30428292

Shareholder Position

Name

Shares

%

PARK OH-KYUN

14,400

72.00

PARK B-JUNG

3,600

18.00

SONG KYUNG-SOON

2,000

10.00

TOTAL

20,000

100.00

Company History

12/07/2005 Incorporated as the present name

01/27/2010 Moved to the present HQ address from Rm.824, Family Tower, 958-2, Yeongtong-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do, Korea

12/04/2010 Increased capital to 100,00,000 KRW from 50,00,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Oh-Kyun

Male

Korean

11/27/2008

Director

M/S.

Song Kyung-Soon

Female

Korean

12/03/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2009

2,017,704,000

500,407,000

37,666,000

2008

824,768,000

297,059,000

24,029,000

2007

199,000,000

145,000,000

-9,000,000

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issues Shares

20,000

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Total Assets

500,407,000

297,059,000

145,000,000

Current Assets

443,267,000

240,015,000

138,000,000

-Quick Assets

-

-

-

-Inventories

-

-

-

Fixed Assets

57,140,000

57,044,000

7,000,000

-Investment

-

-

-

-Tangibles

-

-

-

-Intangibles

-

-

-

Total Liabilities

418,904,000

253,221,000

125,000,000

Current Liabilities

311,905,000

153,221,000

125,000,000

Fixed Liabilities

106,999,000

100,000,000

-

Capital Stock

50,000,000

50,000,000

50,000,000

Capital Surplus

-

-

-

Profit Surplus

31,503,000

-6,162,000

-30,000,000

Capital Adjustment

-

-

-

Total Equity

81,503,000

43,838,000

20,000,000

Liab. & Shareholder’s Equity

500,407,000

297,059,000

145,000,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Sales

2,017,704,000

824,768,000

199,000,000

Cost of Sold Goods

1,773,023,000

607,060,000

94,000,000

Gross Profit

244,681,000

217,708,000

105,000,000

Selling & Admin. Expenses

234,293,000

194,625,000

116,000,000

Operating Income

10,388,000

23,083,000

-11,000,000

Non-Operating Income

106,999,000

100,000,000

-

Non-Operating Expenses

30,611,000

18,111,000

1,000,000

Ordinary Income

41,371,000

24,029,000

-9,000,000

Special Income

-

-

-

Income Before Taxes

41,371,000

24,029,000

-9,000,000

Income Taxes Expenses

3,705,000

-

-

Net Income

37,666,000

24,029,000

-9,000,000

 

 

Cash Flows

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Cash Flows from Operating

 

 

 

-Net Income

 

 

 

-Exp. without Cash Outflow

 

 

 

-Revenue without Cash Inflows

 

 

 

-Changes in Asset/ & Liability

 

 

 

Cash Flows from Investing

 

 

 

-Cash Inflow from Investing

 

 

 

-Cash Outflows for Investing

 

 

 

Cash Flows from Financing

 

 

 

-Cash Inflows from Financing

 

 

 

-Cash Outflows from Financing

 

 

 

Increase/Decrease in Cash

106,999,000

100,000,000

-

Cash at the Beginning of Year

 

 

 

Cash at the End of Year

30,611,000

18,111,000

1,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Solar Window Film ,PET Film

 

 

Trade Partners & Competitors

 

Competitors

HWASEUNG INDUSTRIES CO., LTD.

6TH FL., JANGCHEON BLDG., 1287-21, YEONSAN 5-DONG, YEONJE-GU, BUSAN, KOREA

TEL:+82-51-311-0081  FAX:+82-51-312-2465

 

SKC HAAS DISPLAY FILMS CO., LTD.

460, CHEONHEUNG-RI, SEONGGEO-EUP, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-550-9999  FAX:+82-41-622-9999

 

TORAY ADVANCED MATERIALS KOREA INC.

93-1, IMSU-DONG, GUMI-SI, GYEONGSANGBUK-DO, KOREA

TEL:+82-54-479-6114  FAX:+82-54-479-6371

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Brazil and Singapore.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.13

UK Pound

1

Rs.73.36

Euro

1

Rs.60.06

 

 

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

 

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.