MIRA INFORM REPORT

 

 

Report Date :

03.04.2012

 

IDENTIFICATION DETAILS

 

Name :

BEST WHASUNG CO., LTD.

 

 

Registered Office :

995-1, Gyoha-dong, Paju-si, Gyeonggi-do, Korea 413-070

 

 

Country :

South Korea

 

 

Date of Incorporation :

16.11.1973

 

 

Com. Reg. No.:

128-81-10241

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Brushes and Brooms

 

 

No. of Employees :

25

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 Information

 

Company Name

BEST WHASUNG CO., LTD.

(Korean Company Name : “()베스트화성”)

Registered Address

995-1, Gyoha-dong, Paju-si, Gyeonggi-do, Korea

Zip Code

413-070

Tel

+82-31-943-1602

Fax

+82-31-943-1605

Trading Address

995-1, Gyoha-dong, Paju-si, Gyeonggi-do, Korea

Tel

+82-31-943-1602

Fax

+82-31-943-1605

Type

Export/Import

Industry

Manufacture of Brushes and Brooms

  Main Business

Toothbrush

Established (mm/dd/yyyy)

11/16/1973

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Toothbrushes(53131503)

 

 

CEO’s

 

Name

Kwon Young-Jun

Address

4-7, yadang-ri, Gyoha-Myeon, Paju-si, Gyeonggi-do, Korea

Date of Birth

08/01/1940

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

300,000,000

Employees

25

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-0155352

Business Registered No.

128-81-10241

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

11/16/1973 Incorporated as ASUNG Enterprise Co., Ltd.

11/01/1994 Changed company name to the present name

06/03/2006 Designated as a Venture Business

 

 

Tel:+82-31-266-5165 Fax:+82-31-266-5164 are belonged to a company called as Wooshin Trading & Consulting Co.,  at 602-401 6cha LG Village, 731 Sungdong-Maul, Sungbok-dong, Suji-Gu Yongin-Si, Gyeonggi-do, Korea.

However, we submit the report based as the company name, and during the investigation, we could not find any relations between both companies in terms of management and investors.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kwon Young-Jun

Male

Korean

01/15/1998

Director

Mr.

Kim Young-Jae

Male

Korean

01/15/1998

Director

Mr.

Kwon Sung-Hwan

Male

Korean

02/13/2004

Auditor

Mr.

Kwon Sung-Wook

Male

Korean

02/13/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

2,854,960,407

6,709,547,051

(-)610,358,527

2005

2,854,960,407

7,230,168,179

396,236,939

The 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)

1,200,000,000

Paid-Up Capital(KRW)

300,000,000

Total Issued Shares

60,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Toothbrush

 


Trade Partners & Competitors

 

Competitors

ELCOS CO., LTD.

949-2, GUJANG-RI, PALTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-354-1700  FAX:+82-31-354-1122

 

EUN CHANG CO., LTD.

64, UMYEON-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-3281-2700  FAX:+82-2-3281-4900

 

BAOSHENG CORPORATION

RM. 1609, GEUMGANG VENTURETEL, 1108, BISAN-DONG, DONGAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-389-1900  FAX:+82-31-389-1906

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.80

Euro

1

Rs.68.34

 

 

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.