MIRA INFORM REPORT
|
Report Date : |
21.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
FASHION KOREA LTD. |
|
|
|
|
Registered Office : |
614-1, Junggok 1-dong, Gwangjin-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
27.10.1975 |
|
|
|
|
Com. Reg. No.: |
207-81-08242 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Leather Products |
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) |
|
|
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 |
FASHION KOREA LTD. (Korean Company Name : “한국팻숀(주)”) |
|
Registered Address |
614-1, Junggok 1-dong,
Gwangjin-gu, |
|
Zip Code |
143-912 |
|
Tel |
+82-2-467-7701 |
|
Fax |
+82-2-466-6811 |
|
Trading Address |
614-1, Junggok 1-dong,
Gwangjin-gu, |
|
Tel |
+82-2-467-7701 |
|
Fax |
+82-2-466-6811 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Leather Products |
|
Established (mm/dd/yyyy) |
10/27/1975 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Leathers(11162300) |
CEO’s
|
Name |
Park Kwang-Sik |
|
Address |
|
|
Date of Birth |
04/03/1944 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
1,100,000,000 |
|
Employees |
22 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Shinhan Bank |
|
Corporate Registered No. |
110111-0187040 |
|
Business Registered No. |
207-81-08242 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
10/27/1975 Incorporated as the present name 01/01/1997 Moved to the present HQ address from
8-13, Neung-dong, Gwangjin-gu, 09/14/1999 Increased capital to 1,100,000,00 KRW from 700,000,000 KRW 10/01/2003 The Subject has been liquidated and closed
according to the National Tax Services’ Record. 12/023/2007 Disorganized by the Commercial
Law(2-1, The Article 520) 12/03/2010 The Subject is considered as
closed legally by the Commercial Law(2-4, The Article 520) |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Kwang-Sik |
Male |
Korean |
11/30/1992 |
|
Director |
Mr. |
Park Young-Sik |
Male |
Korean |
11/30/1992 |
|
Director |
M/S. |
Sungwoo Jung-Ja |
Female |
Korean |
11/30/1992 |
|
Auditor |
M/S. |
Kim Hye-Sook |
Female |
Korean |
03/28/1994 |
Financials
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
1,100,000,000 |
|
Total Issues Shares |
220,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Leather Products |
Trade Partners & Competitors
|
Competitors |
PIWON CO., LTD. 542, DONGDUCHEON-DONG, DONGDUCHEON-SI, TEL:+82-31-867-8670 FAX:+82-31-866-8670 BUMYANG LEATHER TECH CO., LTD. 27-5, CHOSEONG-RI, CHEONGSAN-MYEON,
YEONCHEON-GUN, TEL:+82-31-835-6177 FAX:+82-31-835-6252 DSI COMPANY LTD. 617-1, SEONGGOK-DONG, DANWON-GU, ANSAN-SI, TEL:+82-31-491-9421 FAX:+82-31-491-0387 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.09 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.