MIRA INFORM REPORT

 

 

Report Date :

23.07.2012

 

IDENTIFICATION DETAILS

 

Name :

COSMOIN CO., LTD.

 

 

Registered Office :

Rm. 411, Suntech City 1 513-15, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea 462-120

 

 

Country :

South Korea

 

 

Date of Incorporation :

21.01.2008

 

 

Com. Reg. No.:

129-86-17451

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of General Electric Lighting Fixture

 

 

No. of Employees :

7

 

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 :

Slow

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)

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

COSMOIN CO., LTD.

(Korean Company Name : “(주)코스모인”)

Registered Address

513-15, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Building

Rm. 411, Suntech City 1

Zip Code

462-120

Tel

+82-31-781-5861

Fax

+82-31-781-5862

E-mail

master@cosmoin.com

Website

www.cosmoin.com

Trading Address

Rm. 411, Suntech City 1, 513-15, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-781-5861

Fax

+82-31-781-5862

Type

Export

Industry

Manufacture of General Electric Lighting Fixture

  Main Business

LED Light

Established (mm/dd/yyyy)

01/21/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Light emitting diodes LEDs(32111503)

 

 

CEO’s

 

Name

Choi Sung-Kyu

Address

Suite 201, 139, Bundang-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

11/09/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

1,193,877,500

Employees

7

Formation

Co., Ltd by Shares

Venture Business

Bank Details

Woori Bank

Corporate Registered No.

1311110-202653

Business Registered No.

129-86-17451

Permit & Licenses

Int’l Trade No.: 30662469

Shareholder Position

Name

Shares

%

CHOI SUNG-KYU

978,980

41.00

MNTECH CO., LTD.(110111-2577885)

962,755

40.32

HUR YOUNG-HEE

166,632

6.98

YOU SHIM

119,388

5.00

PARK MI-SUN

84,575

3.54

HONG MI-SOOK

75,425

3.16

TOTAL

2,387,755

100.00

Company History

01/21/2008 Incorporated as the present name

01/30/2008 Increased the authorized shares to 10,000,000 shares from 800,000 shares

03/31/2009 Designated as a Venture Business

07/01/2010 Moved to the present HQ address from 151, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

10/23/2010 Increased capital to 1,193,877,500 KRW from 943,877,500 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Choi Sung-Kyu

Male

Korean

03/07/2011

Director

M/S.

Park Mi-Sun

Female

Korean

03/07/2011

Outside Director

Mr.

Choi Jae-Kyun

Male

Korean

03/31/2010

Auditor

Mr.

Jung Dong-Ki

Male

Korean

03/07/2011

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

1,602,320,000

 

-398,610,000

2009

909,030,000

 

9,240,000

2008

257,570,000

358,000,000

-161,470,000

The 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)

5,000,000,000

Paid-Up Capital(KRW)

1,193,877,500

Total Issued Shares

2,387,755(Common : 1,500,000 / Preferable : 887,755)

 

 

Products, Technologies, Services Description

 

Main Products & Services

COH (Chip On Heat-sink) LED Module (world first)

Plain LED lighting apparatus for lighting lamp

LED array bar for signboard

LED array bar and LED floodlight for landscape lighting

LED lighting apparatus and LED lamp for interior

LED street light, LED crosswalk light and LED tunnel lamp

 

 

Trade Partners & Competitors

 

Competitors

TOP ELECTRONICS CO., LTD.

3RD FL., 1-DONG, STANDARD FACTORY, 191-17, YEONGDEUNG-DONG, IKSAN-SI, JEOLLABUK-DO, KOREA

TEL:+82-63-836-1368  FAX:+82-63-836-1369

 

KOREA SEMICONDUCTOR CO., LTD.

16TH FL., GATBEOL TOWER, 7-50, SONGDO-DONG, YEONSU-GU, INCHEON, KOREA

TEL:+82-32-851-1027  FAX:+82-32-851-1025

 

MI-KWANG ELECTRONICS CO., LTD.

RM. 1401, VENTURE CENTER, WORLD MERIDIAN 1-CHA, 60-24, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA

TEL:+82-2-2113-7700  FAX:+82-2-2113-7707

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

MNTECH CO., LTD.(110111-2577885)

 

MIRAE EQUITY PARTNERS CO., LTD.(110111-3881988)

MD HOLDINGS

BOMYUNG B&M CO., LTD.(110111-1678478)

SUPISTECH CO., LTD.(KOREA)

N PLUS CO., LTD.(KOREA)

KWANGYOUNG KWANGJEON CO., LTD.(KOREA)

MIRAE OPTICAL KIYEON CO., LTD.(134611-0033667)

GTS INTERNATIONAL

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.57

Euro

1

Rs.67.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.