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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
BU KANG TEXTILES CO. |
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Registered Office : |
A-1004, Gabeul Great Valley, 60-5, Gasan-dong, Geumcheon-gu, Seoul,
Korea Zip Code 153-709 |
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Country : |
South Korea |
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Date of Incorporation : |
20.10.1997 |
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Com. Reg. No.: |
133-01-92618 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Weaving of Man-Made Fiber Fabrics |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
|
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 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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Company
Name |
BU KANG TEXTILES
CO. (Korean Company Name : “부강텍스타일”) |
|
Registered Address |
A-1004, Gabeul Great Valley, 60-5,
Gasan-dong, Geumcheon-gu, Seoul, Korea |
|
Zip Code |
153-709 |
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Tel |
+82-2-2106-8888 |
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Fax |
+82-2-2106-8889 |
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Trading Address |
A-1004, Gabeul Great Valley, 60-5, Gasan-dong,
Geumcheon-gu, Seoul, Korea |
|
Tel |
+82-2-2106-8888 |
|
Fax |
+82-2-2106-8889 |
|
Type |
Export/Import |
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Industry |
Weaving of Man-Made Fiber Fabrics |
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Main Business |
Silk Fabrics, Polyester Fabrics, Knit Fabrics, Woven Fabrics, Necktie,
Scarf, Textiles Accessories Design |
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Established (mm/dd/yyyy) |
10/20/1997 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Ties or scarves or mufflers(53102502) |
|
Sell |
Clothing accessories(53102500) |
|
Sell |
Fur dressing or dyeing services(73141709) |
|
Buy |
Synthetic fabrics(11161800) |
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Name |
Keum Jung-Hwa |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
4 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Industrial Bank of Korea-Seogyo Dong Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
133-01-92618 |
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Permit & Licenses |
Int’l Trade No.: 11467821 |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
10/20/1997 Established 10/24/2001 Changed company name to the
present name |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Keum Jung-Hwa |
Male |
Korean |
10/20/1997 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,500,000,0000 |
|
|
|
|
2010 |
800,000,000 |
|
|
|
2009 |
1,200,000,000 |
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|
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2008 |
1,500,000,000 |
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The full financials
are not available, and the Subject Company does not have any obligations to
release its financials to the public.
|
Main Products & Services |
Silk Fabrics, Polyester Fabrics, Knit Fabrics, Woven Fabrics, Necktie,
Scarf, Textiles Accessories Design |
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Competitors |
DO BEST CO., LTD. 105-112, GONGDEOK-DONG, MAPO-GU, SEOUL,
KOREA TEL:+82-2-3271-3800 FAX:+82-2-3271-3899 DREAM SEEKERS INC. RM. 2410, MASTERS TOWER BLDG., 553,
DOHWA-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-3275-5111~2 FAX:+82-2-3275-5113 HANWOO CORPORATION 4TH FL., 322-21, HAENGDANG 2-DONG,
SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-2299-9100~8 FAX:+82-2-2299-9109 |
(Activity & Markets)
The Subject deals
with the companies in China, Hong Kong, India, Norway and USA. It exports to
USA, Europe and Japan.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.