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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
HWANGDUCK ENGINEERING CO., LTD. |
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Formerly Known As : |
HWANGDUCK ENGINEERING CO. |
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Registered Office : |
805, Hannam-dong, Yongsan-gu, Seoul, Korea, 101-107, Business Center,
Hyundai Hyperion, Zip Code 140-910 |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
10.12.1997 |
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Com. Reg. No.: |
211-86-26977 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Electric Lamps and Lighting Equipment |
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No. of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name |
HWANGDUCK
ENGINEERING CO., LTD. (Korean Company
Name : “(주)황덕기술단”) |
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Registered Address |
805, Hannam-dong, Yongsan-gu, |
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Building |
101-107, |
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Zip Code |
140-910 |
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Tel |
+82-2-794-0801 |
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Fax |
+82-2-794-0802 |
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E-mail |
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Website |
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Trading Address |
101-107, |
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Tel |
+82-2-794-0801 |
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Fax |
+82-2-794-0802 |
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Other Address |
1234-9, Jeongwang-dong,
Siheung-si, |
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Type |
Import |
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Industry |
Wholesale of Electric Lamps and Lighting Equipment |
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Main Business |
Architectural Lighting |
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Established (mm/dd/yyyy) |
12/10/1997 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Electrical systems and Lighting and
components and accessories and supplies(39000000) |
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Sell |
Office furniture(56101700) |
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Name |
Park Suk-Ki |
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Address |
|
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Date of Birth |
08/11/1965 |
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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) |
50,000,000 |
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Employees |
13 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Nonhyun Station
Branch |
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Corporate Registered No. |
110111-1493032 |
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Business Registered No. |
211-86-26977 |
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Permit & Licenses |
Int’l Trade No.: 11483858 |
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Shareholder Position |
N/A |
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Company History |
04/1996 Established as HWANGDUCK ENGINEERING CO. (Sole Proprietorship) 12/10/1997 Incorporated as the present name 03/22/2011 Moved to the present HQ address
from 208-18, Buam-dong, Jongno-gu, |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Park Suk-Ki |
Male |
Korean |
03/31/2006 |
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Auditor |
M/S. |
Lee Yoon-Hee |
Female |
Korean |
12/10/1997 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2010 |
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2009 |
5,388,000,000 |
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2008 |
4,663,000,000 |
3,879,000,000 |
91,000,000 |
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2007 |
2,998,000,000 |
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2006 |
2,747,000,000 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issued Shares |
10,000 |
Balance
Sheet
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|||
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
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3,879,000,000 |
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Current Assets |
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2,850,000,000 |
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-Quick Assets |
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1,980,000,000 |
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-Inventories |
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870,000,000 |
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Fixed Assets |
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1,029,000,000 |
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-Investment |
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763,000,000 |
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-Tangibles |
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70,000,000 |
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-Intangibles |
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196,000,000 |
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Total Liabilities |
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2,599,000,000 |
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Current Liabilities |
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1,629,000,000 |
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Fixed Liabilities |
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970,000,000 |
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Capital Stock |
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50,000,000 |
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Capital Surplus |
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- |
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Profit Surplus |
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1,230,000,000 |
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Capital
Adjustment |
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- |
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Total Equity |
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1,280,000,000 |
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Liab. &
Shareholder’s Equity |
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|
3,879,000,000 |
Income
Statement
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|||
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
|
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4,663,000,000 |
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Cost of Sold Goods |
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3,040,000,000 |
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Gross Profit |
|
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1,622,000,000 |
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Selling & Admin. Expenses |
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1,370,000,000 |
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Operating Income |
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252,000,000 |
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Non-Operating Income |
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39,000,000 |
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Non-Operating Expenses |
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|
169,000,000 |
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Income Before Taxes |
|
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122,000,000 |
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Income Taxes Expenses |
|
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31,000,000 |
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Net Income |
|
|
91,000,000 |
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Main Products & Services |
Architectural Lighting |
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Competitors |
ILSUNG
MOOLSAN CO., LTD. 153-1,
WOLRANG-RI, EUMBONG-MYEON, ASAN-SI, TEL:+82-41-544-1997 FAX:+82-41-544-0107 M.S.
LIGHTING CO., LTD. 184-1,
DONGHWA-RI, BONGDAM-EUP, HWASEONG-SI, TEL:+82-31-222-0782~4 FAX:+82-31-223-6765 WOOSUNG
ELECTRIC CO., LTD. 416-2,
UNAM-RI, EUNHYEON-MYEON, YANGJU-SI, TEL:+82-31-868-6411 FAX:+82-31-868-6415 |
(Activity & Markets)
The Subject imports
from
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.87.37 |
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Euro |
1 |
Rs.69.95 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.