MIRA INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
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Name : |
WANG SUNG PLA MOLD CO., LTD. |
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Registered Office : |
748-7, Seonggok-dong, Danwon-gu, Ansan-si, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.06.2001 |
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Com. Reg. No.: |
134-81-70114 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
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No. of Employees
: |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company
Name |
WANG SUNG PLA
MOLD CO., LTD. (Korean Company
Name : “(주)왕성프라몰드”) |
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Registered Address |
748-7, Seonggok-dong, Danwon-gu, Ansan-si,
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Building |
4Ba-506, Sihwa Industrial Complex |
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Zip Code |
425-110 |
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Tel |
+82-31-497-3008 |
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Fax |
+82-31-497-3088 |
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E-mail |
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Trading Address |
4Ba-506, Sihwa Industrial Complex, 748-7,
Seonggok-dong, Danwon-gu, Ansan-si, |
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Tel |
+82-31-497-3008 |
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Fax |
+82-31-497-3088 |
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Type |
Export |
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Industry |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
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Main Business |
Cellular Phone Case |
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Established (mm/dd/yyyy) |
06/26/2001 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Personal communications device accessories
or parts(43191600) |
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Sell |
Mobile phone face plates(43191601) |
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Name |
Wang Mi-Jin |
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Address |
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Date of Birth |
04/26/1961 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
450,000,000 |
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Employees |
12 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Industrial Bank of Korea-Banwol Industrial
Complex Branch |
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Corporate Registered No. |
135011-0114541 |
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Business Registered No. |
134-81-70114 |
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Permit & Licenses |
Int’l Trade No.: 31011444 |
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Shareholder Position |
N/A |
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Company History |
06/26/2001 Incorporated as the present name 09/01/2010 Designated as a Venture Business 12/23/2010 Increased the authorized shares to 1,000,000 shares from
40,000 shares 07/20/2011 Increased capital to 450,000,000 KRW from 300,000,000 KRW 07/31/2011 Designated as an INNO-BIZ Company |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Wang Mi-Jin |
Male |
Korean |
03/15/2004 |
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Director |
M/S. |
Park Sang-Sook |
Female |
Korean |
03/15/2004 |
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Director |
Mr. |
Kim Woon-Bin |
Male |
Korean |
03/15/2004 |
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Auditor |
M/S. |
Park Kyung-Ok |
Female |
Korean |
03/15/2004 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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4,795,000,000 |
7,869,000,000 |
322,000,000 |
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2010 |
4,142,000,000 |
6,416,000,000 |
344,000,000 |
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2009 |
2,612,000,000 |
3,941,000,000 |
102,000,000 |
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2008 |
1,697,640,000 |
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19,220,000 |
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2007 |
1,529,860,000 |
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6,200,000 |
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Authorized Capital(KRW) |
5,000,000,000 |
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Paid-Up Capital(KRW) |
450,000,000 |
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Total Issued Shares |
90,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
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Total Assets |
7,869,000,000 |
6,416,000,000 |
3,941,000,000 |
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Current Assets |
1,637,000,000 |
861,000,000 |
951,000,000 |
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-Quick Assets |
- |
- |
- |
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-Inventories |
- |
- |
- |
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Fixed Assets |
6,232,000,000 |
5,555,000,000 |
2,990,000,000 |
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-Investment |
- |
- |
- |
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-Tangibles |
- |
- |
- |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
- |
- |
- |
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Current Liabilities |
2,159,000,000 |
1,110,000,000 |
1,243,000,000 |
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Fixed Liabilities |
4,372,000,000 |
4,437,000,000 |
1,783,000,000 |
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Capital Stock |
450,000,000 |
300,000,000 |
200,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
- |
- |
- |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
1,339,000,000 |
868,000,000 |
914,000,000 |
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Liab. & Shareholder’s Equity |
7,869,000,000 |
6,416,000,000 |
3,941,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
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Sales |
4,795,000,000 |
4,142,000,000 |
2,612,000,000 |
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Cost of Sold Goods |
3,483,000,000 |
3,356,000,000 |
2,042,000,000 |
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Gross Profit |
1,312,000,000 |
786,000,000 |
570,000,000 |
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Selling & Admin. Expenses |
708,000,000 |
632,000,000 |
385,000,000 |
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Operating Income |
604,000,000 |
154,000,000 |
185,000,000 |
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Non-Operating Income |
11,000,000 |
431,000,000 |
2,000,000 |
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Non-Operating Expenses |
294,000,000 |
176,000,000 |
72,000,000 |
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Income Before Taxes |
322,000,000 |
408,000,000 |
115,000,000 |
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Income Taxes Expenses |
- |
64,000,000 |
13,000,000 |
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Net Income |
322,000,000 |
344,000,000 |
102,000,000 |
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Main Products & Services |
Cellular Phone Case |
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Competitors |
CRETA HIGH
TECH CO., LTD. 388-17, JANGJI-DONG,
GWANGJU-SI, TEL:+82-31-769-9908 FAX:+82-31-769-9920 PEOPLE &
TELECOMMUNICATION INC. RM. 1111,
DAERUNG BLDG., 2, MULLAEDONG 5-GA, YEONGDEUNGPO-GU, TEL:+82-2-538-3003 FAX:+82-2-538-3573 INTOPS CO.,
LTD. 205-13, TEL:+82-31-441-4181 FAX:+82-31-448-4194 WOOJEON
CORP. 567-1,
DEOKSEONG-RI, IDONG-MYEON, CHEOIN-GU, YONGIN-SI, TEL:+82-31-334-8877 FAX:+82-31-334-0064 |
(Activity &
Markets)
The Subject exports
to
Not Available.
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.79 |
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1 |
Rs.85.17 |
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Euro |
1 |
Rs.69.53 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.