MIRA INFORM REPORT

 

 

Report Date :           

28.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DONGIL TRADING CO., LTD.

 

 

Registered Office :

5, Geumwol-ri, Damyang-eup, Damyang-gun, Jeollanam-do, Korea, Zip Code 517-803

 

 

Country :

South Korea

 

 

Date of Incorporation :

01.07.2004

 

 

Com. Reg. No.:

409-81-81650

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesales of Construction Materials

 

 

No. of Employees :

14

 

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 30th, 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

DONGIL TRADING CO., LTD.

(Korean Company Name : “동일교역(주)”)

Registered Address

5, Geumwol-ri, Damyang-eup, Damyang-gun, Jeollanam-do, Korea

Zip Code

517-803

Tel

+82-61-382-0681

Fax

+82-61-383-6248

E-mail

webmaster@dongil-stone.co.kr;dongil1995@hanmail.net

Website

www.dongil-stone.co.kr

Trading Address

Rm.201, Youngshin Bldg., 268, Yangjae-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-576-5234

Fax

+82-2-576-5265

Other Address

417-9, Nongseong-dong, Seo-gu, Gwangju, Korea

Tel

+82-62-361-6243

Fax

+82-62-361-6240

Type

Export/Import

Industry

Wholesales of Construction Materials

  Main Business

Wood Panel, Sand Stone, Marble, Granite

Established (mm/dd/yyyy)

07/01/2004

The Subject owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Masonry and stonework and tile setting(72102500)

Sell

Stone(11111600)

Sell

Granite(11111604)

 

 

CEO’s

 

Name

Jang Cheol

Address

Suite 104-302, 1011, Unam-dong, Buk-gu, Gwangju, Korea

Date of Birth

05/18/1967

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

500,000,000

Employees

14

Formation

Co., Ltd by shares

Bank Details

Woori Bank- You-Dong Branch

Corporate Registered No.

204311-0014824

Business Registered No.

409-81-81650

Permit & Licenses

Int’l Trade No.: 15016975

Shareholder Position

N/A

Company History

07/01/2004 Incorporated as the present name

05/03/2005 Increased capital to 200,000,000 KRW from 100,000,000 KRW

04/19/2007 Increased capital to 400,000,00 KRW from 200,000,000 KRW

11/22/2010 Increased the authorized shares to 200,000 shares from 40,000 shares

11/23/2010 Increased capital to 500,000,000 KRW from 400,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Jang Cheol

Male

Korean

07/01/2007

Director

Mr.

Kim Je-Phil

Male

Korean

11/07/2006

Director

M/S.

Sohn Ji-Sook

Female

Korean

05/22/2008

Auditor

Mr.

Kang Seok-Ki

Male

Korean

03/30/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

3,835,000,000

1,384,000,000

97,000,000

2005

2,267,000,000

740,000,000

68,000,000

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)

2,000,000,000

Paid-Up Capital(KRW)

500,000,000

Total Issued Shares

50,000

 

Products, Technologies, Services Description

 

Main Products & Services

Wood Panel, Sand Stone, Marble, Granite

 

 

Trade Partners & Competitors

 

Competitors

ROLLING STONE CO., LTD.

131-3, GAMIL-DONG, HANAM-SI, GYEONGGI-DO, KOREA

TEL:+82-70-7096-1000  FAX:+82-31-903-1495

 

SAMJIN STONE & CONSTRUCTION CO., LTD.

3713-1, HWABUK 2-DONG, JEJU-SI, JEJU-DO, KOREA

TEL:+82-64-756-2821  FAX:+82-64-755-3151

 

JD STONE CO., LTD.

979-51, GUPYEONG-RI, NANGSAN-MYEON, IKSAN-SI, JEOLLABUK-DO, KOREA

TEL:+82-63-858-8474  FAX:+82-63-858-8473

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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.