MIRA INFORM REPORT

 

 

Report Date :

18.01.2012

 

IDENTIFICATION DETAILS

 

Name :

HANSWILL CO., LTD.

 

 

Registered Office :

Rm. 401, Daeyeong Bldg. Annex 4-1, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea 135-811

 

 

Country :

South Korea

 

 

Date of Incorporation :

21.09.2000

 

 

Com. Reg. No.:

105-86-17101

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Spinning of Man-Made Fibers

 

 

No. of Employees :

4

 

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 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

HANSWILL CO., LTD.

(Korean Company Name : “(주)한스윌”)

Registered Address

4-1, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea

Building

Rm. 401, Daeyeong Bldg. Annex

Zip Code

135-811

Tel

+82-2-719-3075~6

Fax

+82-2-719-2516

E-mail

hanswill@hanafos.com

Trading Address

Rm. 401, Daeyeong Bldg. Annex, 4-1, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-719-3075~6

Fax

+82-2-719-2516

Type

Export/Import

Industry

Spinning of Man-Made Fibers

  Main Business

Polyester Yarns, Spandex Yarns, Suede Fabrics

  Sub Business

 

Established (mm/dd/yyyy)

09/21/2000

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Yarns(11151700)

Sell

Synthetic yarn(11151709)

 

 

CEO’s

 

Name

Han Chang-Hee

Address

Suite 8-603, 506, Daechi-dong, Gangnam-gu, Seoul, Korea

Date of Birth

05/28/1967

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

4

Formation

Co., Ltd by shares

Bank Details

Shinhan Bank-Mapo Corporate Branch

Corporate Registered No.

110111-2073445

Business Registered No.

105-86-17101

Permit & Licenses

Int’l Trade No.: 11831925

Shareholder Position

N/A

Company History

09/21/2000 Incorporated as the present name

11/17/2003 Moved to 3rd Fl., Seongchon Bldg., 105-155, Gongdeok-dong, Mapo-gu, Seoul, Korea from 105-163, Gongdeok-dong, Mapo-gu, Seoul, Korea

10/03/2004 Increased the authorized shares to 200,000 shares from 40,000 shares

10/19/2004 Increased capital to 200,000,000 KRW from 50,000,000 KRW

09/07/2011 Increased capital to 400,000,000 KRW from 200,000,000 KRW

10/25/2011 Moved to the present HQ address from 3rd Fl., Seongchon Bldg., 105-155, Gongdeok-dong, Mapo-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Han Chang-Hee

Male

Korean

07/10/2003

Director

Mr.

Kim Jung-Soo

Male

Korean

09/21/2003

Auditor

Mr.

Han Taik-Hyun

Male

Korean

10/03/2004

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

17,271,000,000

 

 

2007

19,468,000,000

 

 

2006

21,086,000,000

 

139,600,000

2005

19,542,000,000

 

127,300,000

2004

16,915,000,000

 

 

2003

11,320,000,000

 

 

The latest 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)

1,000,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issued Shares

40,000

 

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Polyester Yarns, Spandex Yarns, Suede Fabrics

 

 

Trade Partners & Competitors

 

Competitors

N & T GLOBAL INC.

RM. 2109, RENAISSNACE TOWER BLDG., 456, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-704-6401  FAX:+82-2-704-6403

 

GLOBAL KOREA TRADING CO., LTD.

RM. 304, SEOKTOP OFFICETEL, 1588-7, SEOCHO 3-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-3472-3751  FAX:+82-2-3472-3752

 

GATE TRADING CO., LTD.

RM. 302-1, SEONGU BLDG., YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-556-3153  FAX:+82-2-555-7633

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Asia, Middle East and Europe.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.06

UK Pound

1

Rs.78.48

Euro

1

Rs.64.99

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.