MIRA INFORM REPORT

 

 

Report Date :           

29.03.2011

 

IDENTIFICATION DETAILS

 

Name :

WEBSTER INTERNATIONAL CORPORATION

 

 

Registered Office :

733-2, Dongpae-ri, Gyoha-eup, Paju-si, Gyeonggi-do, Korea, Zip Code 413-833

 

 

Country :

South Korea

 

 

Date of Incorporation :

07.03.1996

 

 

Com. Reg. No.:

104-81-38786

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Curtains and Bedding

 

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

WEBSTER INTERNATIONAL CORPORATION

(Korean Company Name : “()웹스터인터내셔널”)

Registered Address

733-2, Dongpae-ri, Gyoha-eup, Paju-si, Gyeonggi-do, Korea

Zip Code

413-833

Tel

+82-31-943-1827

E-mail

webmaster@nativecotton.com

Website

www.nativecotton.com

Trading Address

231-5, Seongsan-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-333-6295

Fax

+82-2-332-1226

Other Address-Branch

1FL., 1180-2, Jeongbalsan-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Type

Export

Industry

Wholesale of Curtains and Bedding

  Main Business

Bedding, Polyester Woven Fabrics, Mixed Fabrics, Span Fabrics, Organic Products

  Sub Business

Wholesale of Textiles

Established (mm/dd/yyyy)

03/07/1996

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Synthetic fabrics(11161800)

Sell

Bedclothes(52121500)

Sell

Mattress pads(52121506)

Sell

Pillows(52121505)

Sell

Comforters(52121502)

 

 

CEO’s

 

Name

Kim Yong-Soo

Address

83-3, Sannam-ri, Gyoha-eup, Paju-si, Gyeonggi-do, Korea

Date of Birth

03/14/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 


Profiles

 

Capital (KRW)

50,000,000

Employees

12

Formation

Co., Ltd by Shares

Bank Details

SC First Bank of Korea-Myungdong Branch

(A/C No.: 109-10-055937)

 

Kookmin Bank (A/C No.: 445301-04-035321)

Corporate Registered No.

110111-1248453

Business Registered No.

104-81-38786

Permit & Licenses

Int’l Trade No.: 11321266

Shareholder Position

N/A

Company History

03/07/1996 Incorporated as the present name

11/01/2006 Moved to the present HQ address from 750-1, Janghang-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Yong-Soo

Male

Korean

03/07/2005

Director

Mr.

Choi Eun-Sun

Male

Korean

03/07/2005

Director

M/S.

Lee Sung-Hee

Female

Korean

03/07/2005

Auditor

Mr.

Kim You-Jin

Male

Korean

03/31/2004

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

2005

 

 

 

2004

4,732,000,000

 

 

2003

2,813,000,000

 

 

The latest & full 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)

200,00,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

5,000

Products, Technologies, Services Description

 

Main Products & Services

Bedding, Polyester Woven Fabrics, Mixed Fabrics, Span Fabrics, Organic Products

 

Brand Name : Native Cotton

 

 

Trade Partners & Competitors

 

Competitors

PACIFIC INDUSTRIAL CO., LTD.

INDUSTRIAL COMPLEX , 939-2, TAEGOK-RI, BUK-MYEON, JEONGEUP-SI, JEOLLABUK-DO, KOREA

TEL:+82-63-536-1931  FAX:+82-63-536-1935

 

DONAHOME CO.

1ST FL., CHEONGRIM BLDG., 68-16, NONHYEON 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-541-6095  FAX:+82-2-541-6790

 

HAPPYLON INC.

164, GOCHEON-DONG, UIWANG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-452-4480  FAX:+82-31-454-6213

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Germany and USA.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.71.64

Euro

1

Rs.62.96

 

 

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.