MIRA INFORM REPORT
|
Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
DONGHA STONE CO., LTD. |
|
|
|
|
Registered Office : |
14-1, Naesan-ri, Daeso-myeon, Eumseong-gun,
Chungcheongbuk-do, Korea 369-821 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.09.1984 |
|
|
|
|
Com. Reg. No.: |
203-81-42379 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Stone, Construction
Materials |
|
|
|
|
No. of Employees
: |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
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 |
DONGHA STONE CO.,
LTD. (Korean Company Name
: “(주)동아석재”) |
|
Registered Address |
14-1, Naesan-ri, Daeso-myeon,
Eumseong-gun, Chungcheongbuk-do, Korea |
|
Zip Code |
369-821 |
|
Tel |
+82-43-877-7850 |
|
Fax |
+82-43-877-7851 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm. 209, Seongsu-dong Woolim e-Biz Center,
280-21, 3-dong, Seongsu-dong 2-ga, Seongdong-gu, Seoul, Korea |
|
Tel |
+82-2-2024-2600 |
|
Fax |
+82-2-2024-2605 |
|
Other Address-Branch |
Rm.209, 280-21, Seongsu-dong 2-ga,
Seongdong-gu, Seoul, Korea |
|
Other Address-Branch |
681, Sampyeong-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Stone, Construction
Materials, |
|
Main Business |
Stone, Construction Materials, Brick Laying and
Stone Setting Works |
|
Established (mm/dd/yyyy) |
09/25/1984 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Stone(11111600) |
|
Sell |
Masonry and stonework and tile
setting(72102500) |
CEO’s
|
Name |
Nam Seong-Hui |
|
Address |
111-37, Nonhyeon-dong, Gangnam-gu, Seoul, Korea |
|
Date of Birth |
01/05/1941 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
200,000,000 |
||||||||||||||||||||||||||||||
|
Employees |
14 |
||||||||||||||||||||||||||||||
|
Formation |
Co., Ltd by Shares |
||||||||||||||||||||||||||||||
|
Bank Details |
Woori Bank-Jangchung Dong Branch |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0382096 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
203-81-42379 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
11/11/1997 ISO 9001 Int’l Trade No.: 45125685 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
12/18/1982 Established as DONGHA STONE INDUSTRY CO.(Sole Proprietorship) 09/25/1984 Incorporated as the present name 07/26/2006 Moved to the present HQ address
from 1361-12, Gwanseol-dong, Wonju-si, Gangwon-do, Korea |
||||||||||||||||||||||||||||||
|
|
|
The
premises(198.0m2) at 531-7, Hupyeong-ri, Haseong-myeon, Gimpo-si, Gyeonggi-do,
Korea have been owned by Mr. Park Soo-Kwang(DOB : 01/29/1959) since 05/28/2010.
It has been pledged as a collateral amounting 260,000,000 KRW under Namdong
Industrial Complex Branch of Korea Exchange Bank(110111-0672538, address : 181,
Euljiro 2-ga, Jung-gu, Seoul, Korea)
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Nam Seong-Hui |
Male |
Korean |
09/25/1999 |
|
Director |
Mr. |
Nam Jae-Kwang |
Male |
Korean |
03/22/2006 |
|
Auditor |
M/S. |
Choi Mi-Young |
Female |
Korean |
03/22/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
6,940,040,005 |
10,164,264,013 |
148,834,429 |
|
|
2009 |
10,372,636,226 |
10,144,337,512 |
173,859,267 |
|
2008 |
9,241,748,546 |
10,593,362,686 |
224,520,439 |
|
2007 |
17,017,885,795 |
9,626,883,228 |
515,020,217 |
|
2006 |
10,610,681,902 |
11,313,781,050 |
5,266,241,969 |
Financial Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
10,164,264,013 |
10,144,337,512 |
10,593,362,686 |
|
Current Assets |
6,398,327,629 |
7,223,609,326 |
7,826,261,520 |
|
-Quick Assets |
6,241,952,480 |
7,058,840,109 |
7,675,451,151 |
|
-Inventories |
156,375,149 |
164,769,217 |
150,810,369 |
|
Fixed Assets |
3,765,936,384 |
2,920,728,186 |
2,767,101,166 |
|
-Investment |
775,600,546 |
513,145,502 |
317,645,502 |
|
-Tangibles |
2,937,709,705 |
2,355,670,404 |
2,397,543,384 |
|
-Intangibles |
52,626,133 |
51,912,280 |
51,912,280 |
|
Total Liabilities |
699,063,291 |
798,119,003 |
1,421,003,444 |
|
Current Liabilities |
399,063,291 |
688,119,003 |
1,271,003,444 |
|
Fixed Liabilities |
300,000,000 |
110,000,000 |
150,000,000 |
|
Capital Stock |
200,000,000 |
200,000,000 |
200,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
9,261,514,809 |
9,112,680,380 |
8,938,821,113 |
|
Capital Adjustment |
3,685,913 |
33,538,129 |
33,538,129 |
|
Total Equity |
9,465,200,722 |
9,346,218,509 |
9,172,359,242 |
|
Liab. & Shareholder’s Equity |
10,164,264,013 |
10,144,337,512 |
10,593,362,686 |
|
Current Liabilities |
399,063,291 |
688,119,003 |
1,271,003,444 |
|
Trade Payables |
4,126,087 |
137,374,568 |
466,661,973 |
|
Account Payables |
356,359,464 |
488,758,245 |
621,624,980 |
|
Advance Receipts |
|
|
123,008,221 |
|
Withholdings |
37,027,490 |
35,009,420 |
56,980,920 |
|
Accrued Income Tax |
1,550,250 |
26,976,770 |
2,727,350 |
|
Fixed Liabilities |
300,000,000 |
110,000,000 |
150,000,000 |
|
Leasehold Deposit Received |
300,000,000 |
110,000,000 |
150,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
6,940,040,005 |
10,372,636,226 |
9,241,748,546 |
|
Cost of Sold Goods |
6,052,230,927 |
9,486,047,361 |
8,275,869,704 |
|
Gross Profit |
887,809,078 |
886,588,865 |
965,878,842 |
|
Selling & Admin. Expenses |
1,044,136,340 |
1,072,672,099 |
1,087,716,295 |
|
Operating Income |
-156,327,262 |
-186,083,234 |
-121,837,453 |
|
Non-Operating Income |
323,386,187 |
451,760,698 |
386,877,075 |
|
Non-Operating Expenses |
1,171,676 |
35,115,837 |
10,518,323 |
|
Income Before Taxes |
165,887,249 |
230,561,627 |
254,521,299 |
|
Income Taxes Expenses |
17,052,820 |
56,702,360 |
30,000,860 |
|
Net Income |
148,834,429 |
173,859,267 |
224,520,439 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
598,649,184 |
260,368,761 |
-162,176,693 |
|
-Net Income |
148,834,429 |
173,859,267 |
224,520,439 |
|
-Exp. without Cash Outflow |
88,485,582 |
79,924,850 |
71,609,670 |
|
-Sale
without Cash Inflows |
-108,183,856 |
-248,012,268 |
-38,423,612 |
|
-Changes in
Asset/ & Liability |
469,513,029 |
254,596,912 |
-419,883,190 |
|
Cash Flows
from Investing |
-833,534,969 |
187,109,326 |
-302,729,858 |
|
-Cash Inflow
from Investing |
323,115,411 |
2,337,823,676 |
3,488,315,622 |
|
-Cash
Outflows for Investing |
-1,156,650,380 |
-2,150,714,350 |
-3,791,045,480 |
|
Cash Flows
from Financing |
- |
- |
- |
|
-Cash
Inflows from Financing |
- |
- |
- |
|
-Cash
Outflows from Financing |
- |
- |
- |
|
Increase/Decrease
in Cash |
-234,885,785 |
447,478,087 |
-464,906,551 |
|
Cash at the
Beginning of Year |
711,797,268 |
264,319,181 |
729,225,732 |
|
Cash at the End of Year |
476,911,483 |
711,797,268 |
264,319,181 |
Products, Technologies, Services Description
|
Main Products & Services |
Stone, Construction Materials, Brick Laying and
Stone Setting Works |
Trade Partners & Competitors
|
Competitors |
ILSHIN STONE
CO., LTD. 6TH FL.,
SEOGYEONG BLDG., 539-3, SEONGNAE 1-DONG, GANGDONG-GU, SEOUL, KOREA TEL:+82-2-487-9009
FAX:+82-2-477-5278 ROLLING
STONE CO., LTD. 131-3,
GAMIL-DONG, HANAM-SI, GYEONGGI-DO, KOREA TEL:+82-70-7096-1000 FAX:+82-31-903-1495 DOOEUN
MARBLE & STONE CO., LTD. RM. 607,
SESIN COMPLEX, 66-2, UMYEON-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-572-3858 FAX:+82-2-572-4177 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Cooperative Enterprise |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
|
UK Pound |
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.