MIRA INFORM REPORT

 

 

Report Date :

14.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DANA KOREA CO., LTD.

 

 

Registered Office :

353-1, Seogyo-dong, Mapo-gu, Seoul, Rm. 1703, Seogyo Tower Officetel, 121-760

 

 

Country :

South Korea

 

 

Date of Incorporation :

22.10.2002

 

 

Com. Reg. No.:

105-86-45757

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Synthetic Rubber and Plastics Materials

 

 

No. of Employees :

7

 

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 :

No complaints

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

(30.06.2011)

Current Rating

(30.09.2011)

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

DANA KOREA CO., LTD.

(Korean Company Name : “다나코레아(주)”)

Registered Address

353-1, Seogyo-dong, Mapo-gu, Seoul, Korea

Building

Rm. 1703, Seogyo Tower Officetel

Zip Code

121-760

Tel

+82-2-3143-4070

Fax

+82-2-3143-4233

E-mail

sales@danakorea.com;katawata2000@yahoo.co.kr

Website

www.danakorea.com

Trading Address

Rm. 1703, Seogyo Tower Officetel, 353-1, Seogyo-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-3143-4070

Fax

+82-2-3143-4233

Type

Export/Import

Industry

Wholesale of Basic Metals

  Main Business

PVC Film Laminated Metal Sheet, Pre-painted Metal Sheet, Filter, Electronic Component Parts, Plastic Resin

  Sub Business

Wholesale of Synthetic Rubber and Plastics Materials

Established (mm/dd/yyyy)

10/22/2002

Mr. Kim Yong-Chan, president & CEO, owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Filters(40161500)

Sell

Electronic Components and Supplies(32000000)

Sell

Plate(30102200)

Sell

Iron plate(30102203)

 

 

CEO’s

 

Name

Kim Yong-Chan

Address

Rm.134-301, 901, Mok-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

07/16/1962

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

400,000,000

Employees

7

Formation

Co., Ltd by shares

Bank Details

Korea Exchange Bank-Yeonnam Dong Branch

Corporate Registered No.

110111-2635831

Business Registered No.

105-86-45757

Permit & Licenses

Int’l Trade No.: 45054266

Shareholder Position

N/A

Company History

04/01/2000 Established as DANA KOREA CO.(Sole Proprietorship)

10/22/2002 Incorporated as the present name

01/02/2008 Increased the authorized shares to 500,000 shares from 40,000 shares

01/03/2008 Increased capital to 300,000,000 KRW from 50,000,000 KRW

12/29/2010 Increased capital to 400,000,000 KRW from 300,000,000 KRW

11/19/2011 Increased the authorized shares to 5,000,000 shares from 500,000 shares

01/02/2012 Split off the par value nto 500 KRW from 5,000 KRW

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Yong-Chan

Male

Korean

10/22/2002

Director

Mr.

Park Jong-Cheon

Male

Korean

10/22/2002

Auditor

M/S.

Yang Jung-Ah

Female

Korean

03/14/2005

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

32,600,000,000

 

 

2009

23,366,000,000

 

487,000,000

2008

16,319,320,000

 

339,230,000

2007

7,231,400,000

 

71,010,000

2006

6,078,180,000

681,000,000

71,740,000

2005

4,322,000,000

582,000,000

21,450,000

2004

2,491,000,000

 

11,100,000

The 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)

2,500,000,000

Paid-Up Capital(KRW)

300,000,000

Total Issues Shares

60,000

 

Products, Technologies, Services Description

 

Main Products & Services

PVC Film Laminated Metal Sheet

Pre-painted Metal Sheet

Electronic Component Parts

Plastic Resin

Filter

 

 

Trade Partners & Competitors

 

Competitors

TAE WOONG CO., LTD.

1462-1, SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-329-5000  FAX:+82-51-329-5001

 

ROAD INTERNATIONAL CO., LTD.

RM. 823, SUSEO HYUNDAI VENTURE VILLE, 713, SUSEO-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-563-6161  FAX :+82-2-563-6162

 

GUM SUNG INDUSTRIAL CO., LTD.

649-1, NAKSAN-RI, WAEGWAN-EUP, CHILGOK-GUN, GYEONGSANGBUK-DO, KOREA

TEL:+82-53-592-4040  FAX:+82-53-592-2332

 

 

Sales by Region (Activity & Markets)

 

The Subject exports to Middle East, Pakistan, Hong Kong, Indonesia, Singapore, Vietnam, India and China.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.31

UK Pound

1

Rs.77.84

Euro

1

Rs.65.35

 

 

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.