MIRA INFORM REPORT

 

 

Report Date :           

27.01.2012

 

IDENTIFICATION DETAILS

                                                   

Name :

SHINE ART CO., LTD.

 

 

Registered Office :

131-8, Junggok 2-dong, Gwangjin-gu, Seoul, Korea, 2nd Fl., JS Bldg., Zip Code 143-891

 

 

Country :

South Korea

 

 

Date of Incorporation :

11.07.2003

 

 

Com. Reg. No.:

206-81-82953

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Other Clothing Accessories

 

 

No. of Employees :

18

 

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 :

Small Company 

 

 

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 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

SHINE ART CO., LTD.

(Korean Company Name : “샤인아트산업(주)”)

Registered Address

131-8, Junggok 2-dong, Gwangjin-gu, Seoul, Korea

Building

2nd Fl., JS Bldg.

Zip Code

143-891

Tel

+82-2-3437-0465

Fax

+82-2-3437-0491

E-mail

info@shine-art.com

Website

www.shine-art.com;www.pellosa.com

Trading Address

2nd Fl., JS Bldg., 131-8, Junggok 2-dong, Gwangjin-gu, Seoul, Korea

Tel

+82-2-3437-0465

Fax

+82-2-3437-0491

Type

Export/Import

Industry

Manufacture of Other Clothing Accessories n. e. c.

  Main Business

Rhine Stone, Machine Cut Stone, Octagon, Nailhead, Motif, Epoxy, Spangle

Established (mm/dd/yyyy)

07/11/2003

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Textile working machinery and equipment and accessories(23121600)

Sell

Sewing fasteners(53141500)

 

 

CEO’s

 

Name

Lee Yong-Ki

Address

Suite 2-101, 784, Majang-dong, Seongdong-gu, Seoul, Korea

Date of Birth

10/04/1968

Title

Representative Director

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

200,000,000

Employees

18

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-2820391

Business Registered No.

206-81-82953

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

1999 Established as KNT CORP.(Sole Proprietorship)

07/11/2003 Incorporated as the present name

09/03/2010 Increased capital to 200,000,000 KRW from 50,000,000 KRW

04/06/2011 Moved to the present HQ address from 4th Fl., JS Bldg., 131-8, Junggok 2-dong, Gwangjin-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Lee Yong-Ki

Male

Korean

03/31/2006

Auditor

M/S.

Lee Mi-Young

Female

Korean

03/31/2006

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

2,705,000,000

 

 

2007

3,405,000,000

 

 

2006

3,000,000,000

 

 

2005

3,000,000,000

 

 

2004

3,000,000,000

 

 

2003

3,000,000,000

 

 

 

The full & 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)

200,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issued Shares

40,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Rhine Stone, Machine Cut Stone, Octagon, Nailhead, Motif, Epoxy, Spangle

 

Trade Partners & Competitors

 

Competitors

INTERIDGE CO., LTD.

1207, GYOHANG-RI, JUMUNJIN-EUP, GANGNEUNG-SI, GANGWON-DO, KOREA

TEL:+82-33-662-8822  FAX:+82-33-662-8821

 

NEUWEI CO., LTD.

555-30, BAEKSEOK-DONG, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-552-4105~6  FAX:+82-41-552-4189

 

WOOJU NAIL HEAD INC.

RM. 502, SAMYUNG BLDG., 135, IHWA-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-744-7623~4  FAX:+82-2-744-7690

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Overseas Office

600 E, WASHINGTON BLDD., STE #F2, LOS ANGELES, CA, 90015, USA

TEL:+1-213-765-0910  FAX:+1-213-765-0970

 

CHINA FACTORY

DI 1, GONGYEQU, DI 3 JINGJIHEZUOSHE, CHENTIANCUN, XINGUANGCONGLU, BAIYUNQU, GUANGZHOUSHI, GUANGDONGSHENG, CHINA

 

CHINA SHOP

NO. B2152/B2153, 2F, CHINA TEXTILE, XINGANGXI STREET, HAIZHU DISTRICT, GUANGZHOU CITY, CHINA

TEL:+86-20-8910-5253  FAX:+86-20-8926-2422

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China.

 

 

Court Action

 

Not Available.

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.77.74

Euro

1

Rs.65.09

 

 

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.