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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
HIGHWOOD & OCTOBER CORPORATION |
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Registered Office : |
650-131, Seongnam-dong, Seo-gu, Incheon, Korea, Rm. 201, Samwon
Timber Bldg., Zip Code 404-220 |
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Country : |
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Date of Incorporation : |
14.02.2008 |
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Com. Reg. No.: |
121-81-89596 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Wood and Builders' Joinery Wood |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company
Name |
HIGHWOOD & OCTOBER CORPORATION (Korean Company Name : “(주)하이우드엔옥토버상사”) |
|
Registered Address |
650-131, Seongnam-dong, Seo-gu, |
|
Building |
Rm. 201, Samwon Timber Bldg. |
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Zip Code |
404-220 |
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Tel |
+82-32-579-0885 |
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Fax |
+82-32-579-0886 |
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E-mail |
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Website |
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Trading Address |
Rm. 201, Samwon Timber Bldg., 650-131,
Seongnam-dong, Seo-gu, |
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Tel |
+82-32-579-0885 |
|
Fax |
+82-32-579-0886 |
|
Type |
Import |
|
Industry |
Wholesale of Wood and Builders' Joinery Wood |
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Main
Business |
Lumber, Preserved Wood, Rectangular Timber |
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Sub
Business |
Manufacture of Other Wood Furniture |
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Established (mm/dd/yyyy) |
02/14/2008 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plywood(11121609) |
|
Sell |
Wood(11121600) |
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Name |
Na Jae-Ho(Mobile : +82-10-6276-4000) |
|
Address |
Suite 127-1301, 302-1, Sinhyeon-dong,
Seo-gu, |
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Date of Birth |
11/20/1973 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
100,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
1201110-456493 |
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Business Registered No. |
121-81-89596 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
02/14/2008 Incorporated as the present name 05/27/2010 Moved to the present HQ address
from Rm.320, 05/23/2011 Increased the authorized shares
to 80,000 shares from 40,000 shares 05/24/2011 Increased capital to 100,000,000
KRW from 50,000,000 KRW |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Na Jae-Ho |
Male |
Korean |
02/14/2008 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2008 |
1,407,000,000 |
446,000,000 |
53,000,000 |
The latest & full
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
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Total Issued Shares |
20,000 |
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Main Products & Services |
Lumber Products, Construction Materials |
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Competitors |
KWANG WON LUMBER CO., LTD. 162-7L, NAMDONG INDUSTRIAL COMPLEX, 736-4,
GOJAN-DONG, NAMDONG-GU, TEL:+82-32-811-7100 FAX:+82-32-811-0470 DK KOREA LTD. RM.
310, JEONGSEOK BLDG. ANNEX, 7-241, SINHEUNGDONG 3-GA, JUNG-GU, TEL:+82-32-886-8933 FAX:+82-32-885-8933 SAMSUNG WOOD CO., LTD. 698-4, BULLO-DONG, SEO-GU, TEL:+82-32-562-6333 FAX:+82-32-562-9162 |
(Activity & Markets)
The Subject imports
from
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.83 |
|
|
1 |
Rs.87.41 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.