MIRA INFORM REPORT

 

 

Report Date :

13.08.2012

 

IDENTIFICATION DETAILS

 

Name :

E&F CO., LTD.

 

 

Formerly Known As :

E&F Collection Co., Ltd.

 

 

Registered Office :

616-5, Sarihyeon-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea, Zip Code 410-530

 

 

Country :

South Korea

 

 

Date of Incorporation :

07.05.1999

 

 

Com. Reg. No.:

109-81-57473

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Handbags and Purses

 

 

No. of Employees :

27

 

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 – 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

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


Basic

 

Company Name

E&F CO., LTD.

(Korean Company Name : “()이앤에프”)

Registered Address

616-5, Sarihyeon-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Zip Code

410-530

Tel

+82-31-962-4700

Fax

+82-31-963-4318

E-mail

bogusbike@hanmail.net

Website

www.enochworld.com

Trading Address

616-5, Sarihyeon-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-964-7788

Fax

+82-31-963-4318

Other Address-Baekseok-dong Branch

Rm.925, 1141-1, Baekseok-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Type

Export/Import

Industry

Manufacture of Handbags and Purses

  Main Business

Handbags, Wallets, Belts

Established (mm/dd/yyyy)

05/07/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Handbags or purses(53121601)

Sell

Belts or suspenders(53102501)

 

 

CEO’s

 

Name

Jung Sung-Ho

Address

Suite 105-102, 1127-1, Pung-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

01/04/1956

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

70,000,000

Employees

27

Formation

Co., Ltd by Shares

Bank Details

Korea Exchange Bank-Eungam Dong Branch

Corporate Registered No.

110111-1693616

Business Registered No.

109-81-57473

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

05/07/1999 Incorporated as E&F Collection Co., Ltd.

04/12/2007 Moved to the present HQ address registration from 1141-1, Baekseok-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

02/23/2011 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Jung Sung-Ho

Male

Korean

11/12/2010

Director

Mr.

Jung In-Ho

Male

Korean

03/16/2009

Director

M/S.

Jung Hyun-Ah

Female

Korean

03/16/2009

Auditor

M/S.

Oh Ok-Choon

Female

Korean

05/07/1999

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2008

5,290,000,000

 

 

2007

5,239,000,000

 

 

2006

 

 

 

2005

 

 

 

2004

5,156,000,000

1,477,000,000

202,000,000

2003

4,416,000,000

1,387,000,000

194,000,000

 

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)

250,000,000

Paid-Up Capital(KRW)

70,000,000

Total Issues Shares

14,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Handbags, Belts, Bags

 

Brand Name : ENOCH, Guy Laroche

 

Trade Partners & Competitors

 

Competitors

SHINWON CORPORATION

SINWON BLDG., 532, DOHWA-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-3274-5000  FAX:+82-2-3274-5611

 

SUNGJOO D & D INC.

5TH FL., MCM HAUS, 78-12, CHEONGDAM-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-2194-6700  FAX:+82-2-2269-7742

 

SSAMZIE CO., LTD.

177-14, BANGI 2-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-422-8111  FAX:+82-2-422-8351

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.45

Euro

1

Rs.68.43

 

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

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.