MIRA INFORM REPORT

 

 

Report Date :

07.01.2012

 

IDENTIFICATION DETAILS

 

Name :

DAEWOO TEXTILE CO., LTD.

 

 

Registered Office :

409-1, Susan-ri, Seolseong-myeon, Icheon-si, Gyeonggi-do, Korea 467-882

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.03.2000

 

 

Com. Reg. No.:

126-07-78911

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Manufacture of Twisted Threads and Processing of Threads

 

 

No. of Employees :

8

 

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 :

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 Information

 

Company Name

DAEWOO TEXTILE CO., LTD.

(Korean Company Name : “다우섬유”)

Registered Address

409-1, Susan-ri, Seolseong-myeon, Icheon-si, Gyeonggi-do, Korea

Zip Code

467-882

Tel

+82-31-643-0202

Fax

+82-31-643-0203

E-mail

jbyoo@dawootextile.co.kr;dawootextile@naver.com

Website

www.dawootextile.co.kr

Trading Address

409-1, Susan-ri, Seolseong-myeon, Icheon-si, Gyeonggi-do, Korea

Tel

+82-31-643-0202

Fax

+82-31-643-0203

Type

Export

Industry

Manufacture of Twisted Threads and Processing of Threads

  Main Business

Polypropylene Yarns

Established (mm/dd/yyyy)

03/01/2000

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Yarns(11151700)

Sell

Polyethylene(13111016)

 

 

CEO’s

 

Name

Yoo Jum-Bong

Date of Birth

04/12/1952

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

8

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

126-07-78911

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

03/01/2000 Established as the present name

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Yoo Jum-Bong

Male

Korean

03/01/2000

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

6,006,000,000

3,289,000,000

203,000,000

2009

5,581,662,000

3,950,579,000

195,748,000

2008

6,232,799,000

3,933,032,000

226,354,000

 

 

Financial Description

 

Authorized Capital(KRW)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issued Shares

Not Applicable to the Sole Proprietorship

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

3,289,000,000

3,950,579,000

3,933,032,000

Current Assets

1,412,000,000

1,943,238,000

1,772,567,000

-Quick Assets

-

-

-

-Inventories

-

-

-

Fixed Assets

1,877,000,000

2,007,341,000

2,160,465,000

-Investment

-

-

-

-Tangibles

-

-

-

-Intangibles

-

-

-

Total Liabilities

1,799,000,000

2,752,624,000

2,766,678,000

Current Liabilities

99,000,000

78,702,000

92,755,000

Fixed Liabilities

1,700,000,000

2,673,922,000

2,673,923,000

Capital Stock

-

-

-

Capital Surplus

-

-

-

Profit Surplus

-

-

-

Capital Adjustment

-

-

-

Total Equity

1,490,000,000

1,197,955,000

1,166,354,000

Liab. & Shareholder’s Equity

3,289,000,000

3,950,579,000

3,933,032,000

 

Income Statement

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

6,006,000,000

5,581,662,000

6,232,799,000

Cost of Sold Goods

5,499,000,000

5,085,227,000

5,690,970,000

Gross Profit

507,000,000

496,435,000

541,829,000

Selling & Admin. Expenses

168,000,000

140,434,000

174,179,000

Operating Income

339,000,000

356,001,000

367,650,000

Non-Operating Income

1,700,000,000

2,673,922,000

2,673,923,000

Non-Operating Expenses

136,000,000

160,253,000

141,296,000

Income Before Taxes

203,000,000

195,748,000

226,354,000

Income Taxes Expenses

-

-

-

Net Income

203,000,000

195,748,000

226,354,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Polypropylene Yarns

 

 

Trade Partners & Competitors

 

Competitors

DUEOL ENTERPRISE LTD.

RM. 1017, KRANTZ TECHNO, 5442-1, SANGDAEWON 2-DONG, JUNGWON-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA

TEL:+82-31-777-8777  FAX:+82-31-777-8776

 

EIN TEXTILE CO., LTD.

384, YONGBONG-RI, CHOJEON-MYEON, SEONGJU-GUN, GYEONGSANGBUK-DO, KOREA

TEL:+82-54-933-4341  FAX:+82-54-933-4340

 

SAMHEUNG CO., LTD.

557-12, DONGGYO-DONG, POCHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-31-541-1601  FAX:+82-31-541-8260

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Taiwan, India, Japan and South America.

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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.