MIRA INFORM REPORT

 

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Name :

KOWON TRADING CORP.

 

 

Registered Office :

Rm. 613, Jeokseon Hyundai Bldg., 80, Jeokseon-dong, Jongno-gu, Seoul, Korea

 

 

Country :

South Korea 

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

22.09.1989

 

 

Com. Reg. No.:

102-81-25529

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Basic Metals

 

 

No. of Employees :

5

 

 

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 – 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

KOWON TRADING CORP.

(Korean Company Name : “(주)고원트레이딩”)

Registered Address

80, Jeokseon-dong, Jongno-gu, Seoul, Korea

Building

Rm. 613, Jeokseon Hyundai Bldg.

Zip Code

110-756

Tel

+82-2-720-2307

Fax

+82-2-736-5164

E-mail

kowon@kornet.net

Trading Address

Rm. 613, Jeokseon Hyundai Bldg., 80, Jeokseon-dong, Jongno-gu, Seoul, Korea

Tel

+82-2-720-2307

Fax

+82-2-736-5164

Type

Export/Import

Industry

Wholesale of Basic Metals

  Main Business

Steel Strip, Cold rolled Steel Strip in Coil, Blade, Tile, Construction Materials

  Sub Business

Wholesale of Other Construction Materials n.e.c., General Merchandises

Established (mm/dd/yyyy)

09/22/1989

 

 

Detailed Products

 

 

Detailed Products (UNSPSC)

Sell

Knife blades(27111501)

Sell

Coil(30101900)

 

 

CEO’s

 

Name

Koh Hwa-Keun

Address

Suite 101-212, 9, Sajik-dong, Jongno-gu, Seoul, Korea

Date of Birth

02/05/1956

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

5

Formation

Co., Ltd by shares

Bank Details

Korea Exchange Bank-Gwanghwamun Branch

Corporate Registered No.

110111-0649818

Business Registered No.

102-81-25529

Permit & Licenses

Int’l Trade No.: 436825

Shareholder Position

N/A

Company History

09/22/1989 Incorporated as the present name

04/20/1998 Moved to the present HQ address from 68, Gyeonji-dong, Jongno-gu, Seoul, Korea

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Koh Hwa-Keun

Male

Korean

07/24/1995

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

 

 

 

2008

6,204,000,000

1,608,000,000

55,000,000

2007

 

 

 

2006

 

 

 

2005

2,400,000,000

 

 

2004

4,100,000,000

 

 

2003

4,000,000,000

 

 

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)

100,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

 

 

   1,608,000,000

Current Assets

 

 

   1,586,000,000

-Quick Assets

 

 

   1,350,000,000

-Inventories

 

 

     236,000,000

Fixed Assets

 

 

       22,000,000

-Investment

 

 

         4,000,000

-Tangibles

 

 

                    

-Intangibles

 

 

 

Total Liabilities

 

 

   1,083,000,000

Current Liabilities

 

 

   1,075,000,000

Fixed Liabilities

 

 

         8,000,000

Capital Stock

 

 

       50,000,000

Capital Surplus

 

 

-

Profit Surplus

 

 

     475,000,000

Capital Adjustment

 

 

 

Total Equity

 

 

     525,000,000

Liab. & Shareholder’s Equity

 

 

   1,608,000,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

 

 

6,204,000,000

Cost of Sold Goods

 

 

5,427,000,000

Gross Profit

 

 

777,000,000

Selling & Admin. Expenses

 

 

516,000,000

Operating Income

 

 

261,000,000

Non-Operating Income

 

 

85,000,000

Non-Operating Expenses

 

 

283,000,000

Income Before Taxes

 

 

63,000,000

Income Taxes Expenses

 

 

8,000,000

Net Income

 

 

55,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Steel Strip, Cold rolled Steel Strip in Coil, Blade, Tile, Construction Materials

 

 

Trade Partners & Competitors

 

Competitors

AHWON CORPORATION

101-1402, IMGWANG GEUDAEGA OFFICETEL, 8, MULLAEDONG 6-GA, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-6275-7572  FAX:+82-2-6274-7572

 

AHNJIN TRADING CORPORATION

RM. 807, SIDAE PLAZA BLDG., 115-1, JUYEOP-DONG, ILSANSEO-GU, GOYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-917-0178  FAX:+82-31-913-0305

 

YOUDUK INDUSTRY CO., LTD.

1064-5, EOBANG-DONG, GIMHAE-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-327-4491  FAX:+82-55-327-4497

 

 

Sales by Region (Activity & Markets)

 

The Subject deals with the companies in China, Taiwan, Germany, India and Middle East.

 

 

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.