MIRA INFORM REPORT

 

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Name :

DECO IND CO., LTD.

 

 

Registered Office :

215-18, Yeongdeung-dong, Iksan-si, Jeonbuk, Korea 570-979

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

18.08.1986

 

 

Com. Reg. No.:

403-81-03393

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Export, Import Manufacture of Precious Metals and Related Articles

 

 

No. of Employees :

38

 

 

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 :

Usually correct

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

(31.12.2011)

Current Rating

(31.03.2012)

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

DECO IND CO., LTD.

(Korean Company Name : “(주)데코산업”)

Registered Address

215-18, Yeongdeung-dong, Iksan-si, Jeonbuk, Korea

Zip Code

570-979

Tel

+82-63-833-8435

Fax

+82-63-835-1369

E-mail

tycheme@yahoo.co.kr

Trading Address

215-18, Yeongdeung-dong, Iksan-si, Jeonbuk, Korea

Tel

+82-63-833-8435

Fax

+82-63-835-1369

Other Address

38-3, Jongno 3-ga, Jongno-gu, Seoul, Korea

Type

Export/Import

Industry

Manufacture of Precious Metals and Related Articles

  Main Business

Necklace, Ring, Earrings

Established (mm/dd/yyyy)

08/18/1986

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Earrings(54101604)

Sell

Fine jewelry necklaces(54101502)

Sell

Fine jewelry rings(54101503)

Sell

Imitation jewelry(54101600)

 

 

CEO’s

 

Name

Kim Eung-Yeol

Address

Suyite G-605, 467-29, Dogok-dong, Gangnam-gu, Seoul, Korea

Date of Birth

01/18/1946

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

38

Formation

Co., Ltd by Shares

Bank Details

Korea Exchange Bank-Iksan Branch

Corporate Registered No.

214911-0002825

Business Registered No.

403-81-03393

Permit & Licenses

Int’l Trade No.: 876502

Shareholder Position

N/A

Company History

01/1981 Established as DECO IND. Co.(Sole Proprietorship)

08/18/1986 Incorporated as the present name

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Eung-Yeol

Male

Korean

03/07/2008

Director

Mr.

Lee Kwan-Young

Male

Korean

03/07/2008

Auditor

Mr.

Kim Ki-Sung

Male

Korean

03/07/2008

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

18,883,000,000

2,268,000,000

-81,000,000

2010

17,196,000,000

2,558,000,000

26,000,000

2009

12,311,000,000

2,169,000,000

149,000,000

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issued Shares

10,000

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Total Assets

2,268,000,000

2,558,000,000

2,169,000,000

Current Assets

2,022,000,000

2,184,000,000

1,793,000,000

-Quick Assets

-

-

-

-Inventories

-

-

-

Fixed Assets

246,000,000

374,000,000

376,000,000

-Investment

-

-

-

-Tangibles

-

-

-

-Intangibles

-

-

-

Total Liabilities

-

-

-

Current Liabilities

530,000,000

739,000,000

368,000,000

Fixed Liabilities

-

-

8,000,000

Capital Stock

100,000,000

100,000,000

100,000,000

Capital Surplus

-

-

-

Profit Surplus

-

-

-

Capital Adjustment

-

-

-

Total Equity

1,737,000,000

1,819,000,000

1,793,000,000

Liab. & Shareholder’s Equity

2,268,000,000

2,558,000,000

2,169,000,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Sales

18,883,000,000

17,196,000,000

12,311,000,000

Cost of Sold Goods

18,242,000,000

16,425,000,000

11,434,000,000

Gross Profit

641,000,000

771,000,000

877,000,000

Selling & Admin. Expenses

664,000,000

655,000,000

562,000,000

Operating Income

-23,000,000

116,000,000

315,000,000

Non-Operating Income

241,000,000

256,000,000

140,000,000

Non-Operating Expenses

299,000,000

338,000,000

306,000,000

Income Before Taxes

-81,000,000

34,000,000

149,000,000

Income Taxes Expenses

-

8,000,000

-

Net Income

-81,000,000

26,000,000

149,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Necklace, Ring, Earrings

 

 

Trade Partners & Competitors

 

Competitors

ECHO TEK

110, GUMI-DONG, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA

TEL:+82-31-717-6324  FAX:+82-31-717-6341

 

SELENE CO., LTD.

2ND FL., YUSEONG BLDG., 409, SEONGNAE 3-DONG, GANGDONG-GU, SEOUL, KOREA

TEL:+82-2-3431-3497~8  FAX:+82-2-3431-3426

 

VANICH KOREA CO., LTD.

2ND FL., YOUNG BLDG., 4-21, NONHYEON 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-541-5603  FAX:+82-2-541-5609

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.