MIRA INFORM REPORT

 

 

Report Date :           

09.09.2011

 

IDENTIFICATION DETAILS

 

Name :

YK FASHION CO., LTD.

 

 

Formerly Known As :

YK FASHION CO

 

 

Registered Office :

190-1, Sangdaewon-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Rm.811, SKn Techno Park, Zip code 462-807

 

 

Country :

South korea

 

 

Date of Incorporation :

19.07.2005

 

 

Com. Reg. No.:

214-87-74757

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Wear Accessories and Other Clothing Accessories

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

 

Basic

 

Company Name

YK FASHION CO., LTD.

(Korean Company Name : “(주)와이케이패션”)

Registered Address

190-1, Sangdaewon-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Building

Rm.811, SKn Techno Park

Zip Code

462-807

Tel

+82-31-776-3393

Fax

+82-31-776-3395

E-mail

yk8500@daum.net

Trading Address

Rm.811, SKn Techno Park, 190-1, Sangdaewon-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-776-3393

Fax

+82-31-776-3395

Type

Export/Import

Industry

Wholesale of Wear Accessories and Other Clothing Accessories n. e. c.

  Main Business

Scarf, Muffler

Established (mm/dd/yyyy)

07/19/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Ties or scarves or mufflers(53102502)

Sell

Clothing accessories(53102500)

Sell

Silk fabrics(11161500)

 

 

CEO’s

 

Name

Park Young-Kyu

Address

Suite 112-1303, 700-1, Pungdeokcheon-dong, Suji-gu, Yongin-si, Gyeonggi-do, Korea

Date of Birth

10/26/1965

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

150,000,000

Employees

4

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea

Corporate Registered No.

110111-3271569

Business Registered No.

214-87-74757

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

PARK YOUNG-KYU

30,000

100.0

TOTAL

30,000

100.0

Company History

01/2005 Established as YK FASHION CO.(Sole proprietorship)

07/19/2005 Changed company name to the present name

02/07/2007 Moved to the present HQ address from 1635-6, Seocho-dong, Seocho-gu, Seoul, Korea

06/10/2010 Increased the authorized shares to 80,000 shares from 40,000 shares

06/15/2010 Increased capital to 150,000,000 KRW from 50,000,000 KRW

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Park Young-Kyu

Male

Korean

10/16/2009

Auditor

M/S.

Han Jung-Hee

Female

Korean

10/16/2009

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

698,000,000

 

40,000,000

2008

440,000,000

 

19,000,000

2007

416,000,000

 

13,000,000

2006

 

 

 

2005

 

 

 

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)

400,000,000

Paid-Up Capital(KRW)

150,000,000

Total Issues Shares

30,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Scarf, Muffler, Umbrella

 

 

Trade Partners & Competitors

 

Customers

Domestic Major Department Stores including Shinsegae

Competitors

YOUNG DO VELVET CO., LTD.

B-1108, BUSINESS CENTER, WOOLIM BLUE9, 240-21, YEOMCHANG-DONG, GANGSEO-GU, SEOUL, KOREA

TEL:+82-2-2263-2763  FAX:+82-2-2263-2766

 

SUNGBOO TRADING CO., LTD.

128-2, NOKBEON-DONG, EUNPYEONG-GU, SEOUL, KOREA

TEL:+82-2-354-0717  FAX:+82-2-354-7233

 

KOREA NECKWEAR CORPORATION.

RM. 803, SOAM BLDG., 1116-6, HWAGOK 6-DONG, GANGSEO-GU, SEOUL, KOREA

TEL:+82-2-454-6875  FAX:+82-2-454-6662

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.18

UK Pound

1

Rs.73.65

Euro

1

Rs.64.95

 

 

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%)

 

 

 

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