MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DONGWON M.F. LTD.

 

 

Registered Office :

216-4, Nonhyeon 2-dong, Gangnam-gu, Seou  Korea, Rm. 301, Boeun Bldg. Zip Code 135-829

 

 

Country :

South Korea

 

 

Date of Incorporation :

13.08.1999

 

 

Com. Reg. No.:

211-86-55491

 

 

Legal Form :

Industrial Bank of Korea

 

 

Line of Business :

Wholesaler of Other Construction Materials

 

 

No. of Employees :

06

 

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 :

Unknown

 

 

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

 

Company Name

DONGWON M.F. LTD.

(Korean Company Name : “동원엠에프”)

Registered Address

216-4, Nonhyeon 2-dong, Gangnam-gu, Seou  Korea

Building

Rm. 301, Boeun Bldg.

Zip Code

135-829

Tel

+82-2-511-7564

Fax

+82-2-511-7566

E-mail

dongwonmf@netsgo.com

Trading Address

Rm. 301, Boeun Bldg., 216-4, Nonhyeon 2-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-511-7564

Fax

+82-2-511-7566

Type

Import

Industry

Wholesale of Other Construction Materials n.e.c.

  Main Business

Artificial Marble

  Sub Business

Brick Laying and Stone Setting Works

Established (mm/dd/yyyy)

08/13/1999

The Subject occupies the premises of registered address by leasing.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Stone

Sell

Artificial Marble

Sell

Construction Materials

 

 

CEO’s

 

Name

Lim Kwang-Myung

Address

869, Dogok-dong, Gangnam-gu, Seoul, Korea

Date of Birth

03/10/1955

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

250,000,000

Employees

6

Formation

Industrial Bank of Korea

Samsung Station Branch

Bank Details

Industrial Bank of Korea

Corporate Registered No.

110111-1752446

Business Registered No.

211-86-55491

Permit & Licenses

Int’l Trade No.: 11370107

Shareholder Position

Name

Share

%

LIM KWANG-MYUNG

30,500

61.00

JEONG HEI-SEUNG

6,500

13.00

LIM KWANG-OK

6,500

13.00

OTHERS

11,500

23.00

TOTAL

50,000

100.00

Company History

08/13/1999 Incorporated as the present name

11/10/2004 Increased capital to 250,000,000 KRW from 100,000,000 KRW

12/31/2007 The Subject has been closed according to the National Tax Services

 

 

 

DONGWON TRADING CO.("동원교역")

Representative : Choi Seung-Kwan

Rm. 1602, Geumho Palace Bldg., 327-2, Changsin 1-dong, Jongno-gu, Seoul, Korea

TEL:+82-2-3673-3295  FAX:+82-31-399-3297

Industry : Main Business Field  Wholesale of Other Chemical Materials and Chemical Products

Main Business : Strontium Carbonate, Barium Carbonate, Barium Chloride, Strontium Chloride, Soda Ash, Wollastonite, Cement

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lim Kwang-Myung

Male

Korean

08/13/1999

Director

Mr.

Koo Bon-Keun

Male

Korean

04/09/2003

Director

Mr.

Lim Kwang-Joon

Male

Korean

04/09/2003

Auditor

M/S.

Kim Hei-Ran

Female

Korean

04/09/2003

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2007

 

 

 

2006

 

 

 

2005

 

 

 

2004

3,800,000,000

 

 

2003

4,482,000,000

1,420,000,000

109,000,000

 

Financial Description

 

Authorized Capital(KRW)

400,000,000

Paid-Up Capital(KRW)

250,000,000

Total Issued Shares

50,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Marbles & Stones

 

Trade Partners & Competitors

 

Competitors

JUNGSUN MARBLE CO., LTD.

11, YUCHEON-RI, BUK-MYEON, JEONGSEON-GUN, GANGWON-DO, KOREA

TEL:+82-33-562-4600  FAX:+82-33-562-4610

 

ROLLING STONE CO., LTD.

131-3, GAMIL-DONG, HANAM-SI, GYEONGGI-DO, KOREA

TEL:+82-70-7096-1000  FAX:+82-31-903-1495

 

HAN KUK B.M. LTD.

1ST FL., IMAE BLDG., 202-5, GUUI 3-DONG, GWANGJIN-GU, SEOUL, KOREA

TEL:+82-2-454-9361  FAX:+82-2-454-9365

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

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%)

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.