MIRA INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JOONGWON TEXCON CO., LTD. |
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Registered Office : |
306, Chungmuro 4-ga, Jung-gu, Seoul, Korea, Rm. 402, Namsan Central Xi, Zip Code 100-014 |
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Country : |
South korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.07.1997 |
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Com. Reg. No.: |
Co., Ltd by Shares |
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Legal Form : |
101-81-43766 |
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Line of Business : |
Wholesale of Dyes, Pigments and Related Products |
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No. of Employees
: |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company Name |
JOONGWON TEXCON
CO., LTD. (Korean Company Name : “(주)중원텍스콘”) |
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Registered Address |
306, Chungmuro 4-ga, Jung-gu, Seoul, Korea |
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Building |
Rm. 402, Namsan Central Xi |
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Zip Code |
100-014 |
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Tel |
+82-2-2274-0025 |
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Fax |
+82-2-2274-0098 |
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E-mail |
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Website |
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Trading Address |
Rm. 402, Namsan Central Xi, 306, Chungmuro
4-ga, Jung-gu, Seoul, Korea |
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Tel |
+82-2-2274-0025 |
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Fax |
+82-2-2274-0098 |
|
Type |
Export/Import |
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Industry |
Wholesale of Dyes, Pigments and Related Products |
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Main Business |
Dyestuffs, Caviar Beads, Polyester Glitters, Transfer Foil,
Interlinings, Polyester Bags |
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Sub
Business |
Wholesale of Wear Accessories and Imitative Ornamental Articles |
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Established (mm/dd/yyyy) |
07/15/1997 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Miscellaneous sewing supplies(53141600) |
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Sell |
Art fabric and fabric decoration materials
and supplies(60121900) |
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Sell |
Foil(30102000) |
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Sell |
Buttons(53141505) |
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Sell |
Inks(12171703) |
CEO’s
|
Name |
Sa Bong-Hwan |
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Address |
53-16, Gugi-dong,
Jongno-gu, Seoul, Korea |
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Date of Birth |
02/05/1960 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Kookmin Bank-Chungmuro Branch |
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Corporate Registered No. |
110111-1440471 |
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Business Registered No. |
101-81-43766 |
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Permit & Licenses |
Int’l Trade No.: 11445371 |
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Shareholder Position |
N/A |
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Company History |
07/15/1997 Incorporated as the present name 12/08/1998 Increased capital to 100,000,000
KRW from 50,000,000 KRW 07/19/2011 Moved to the present HQ address
from 20-43, Chungmuro 5-ga, Jung-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Sa Bong-Hwan |
Male |
Korean |
07/27/2011 |
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Director |
M/S. |
Kim Hyun-Sook |
Female |
Korean |
07/27/2011 |
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Auditor |
Mr. |
Sa Seung-Hwan |
Male |
Korean |
07/27/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
5,343,000,000 |
1,133,000,000 |
83,000,000 |
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2008 |
4,578,000,000 |
721,000,000 |
41,000,000 |
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2007 |
3,726,000,000 |
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2006 |
2,957,000,000 |
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2005 |
2,900,000,000 |
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2004 |
4,500,000,000 |
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2003 |
3,857,000,000 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
100,000,000 |
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Total Issued Shares |
10,000 |
Balance Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
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1,133,000,000 |
721,000,000 |
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Current Assets |
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1,019,000,000 |
706,000,000 |
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-Quick Assets |
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1,019,000,000 |
706,000,000 |
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-Inventories |
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Fixed Assets |
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114,000,000 |
15,000,000 |
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-Investment |
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- |
- |
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-Tangibles |
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- |
- |
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-Intangibles |
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- |
- |
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Total Liabilities |
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757,000,000 |
428,000,000 |
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Current Liabilities |
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725,000,000 |
415,000,000 |
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Fixed Liabilities |
|
32,000,000 |
13,000,000 |
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Capital Stock |
|
100,000,000 |
100,000,000 |
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Capital Surplus |
|
- |
- |
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Profit Surplus |
|
276,000,000 |
193,000,000 |
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Capital Adjustment |
|
- |
- |
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Total Equity |
|
376,000,000 |
293,000,000 |
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Liab. & Shareholder’s Equity |
|
1,133,000,000 |
721,000,000 |
Income Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
5,343,000,000 |
4,578,000,000 |
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Cost of Sold Goods |
|
4,501,000,000 |
4,024,000,000 |
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Gross Profit |
|
842,000,000 |
554,000,000 |
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Selling & Admin. Expenses |
|
728,000,000 |
589,000,000 |
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Operating Income |
|
114,000,000 |
-35,000,000 |
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Non-Operating Income |
|
96,000,000 |
145,000,000 |
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Non-Operating Expenses |
|
115,000,000 |
60,000,000 |
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Income Before Taxes |
|
95,000,000 |
50,000,000 |
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Income Taxes Expenses |
|
12,000,000 |
9,000,000 |
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Net Income |
|
83,000,000 |
41,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Dyestuffs, Caviar Beads, Polyester Glitters, Transfer Foil,
Interlinings, Polyester Bags |
Trade Partners & Competitors
|
Competitors |
ASIA STABILIZERS CO., LTD. 542-7, SEGYO-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-650-2000 FAX:+82-31-651-4602 WOO SHIN CHEMICAL CO., LTD. POSEUNG NATIONAL INDUSTRIAL COMPLEX,
679-20, NAEGI-RI, POSEUNG-EUP, PYEONGTAEK-SI, GYEONGGI-DO, KOREA TEL:+82-31-686-6103 FAX:+82-31-686-6109 KMC CO., LTD. 1122-30, SOJU-DONG, YANGSAN-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-364-4150 FAX:+82-55-364-4147 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Overseas
Office |
QINGDAO
OFFICE RM1120
SEJUNG ARIAN, 151 ZHENGYANG-ROAD, CHENGYANG-QU, QINGDAO, SHANDONG, CHINA TEL:0532-6696-0110 QINGDAO
FACTORY BLDG #56,
BALIYIGONGYEYUANYIYUAN, TONGJIBANSHICHU, JIMO, SHANDONG, CHINA TEL:0532-8859-1629,
133-2639-5206 YIWU OFFICE 9 DONG 1HAO,
3QU JIANGDONGXIAWAN, YIWU, ZHEJIANG, CHINA TEL:0579-8593-8062 VIETNAM
OFFICE 2/77 PHAN
THUC DUYEN ST., WARD 4, TAN BINH DIST, TP HCM TEL:8-3811-1567 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in China, Italy, Netherlands, Vietnam and Turkey.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
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UK Pound |
1 |
Rs.79.09 |
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Euro |
1 |
Rs.65.32 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.