MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DUKSAN CORPORATION

 

 

Registered Office :

Rm.1522, Hanilofficetel 815, Munhyeon-dong, Nam-gu, Busan, Korea 608-792

 

 

Country :

South Korea

 

 

Date of Incorporation :

May 1985

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales and Distribution of Chemicals & Minerals

 

 

No. of Employees :

1

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 Information

 

Company Name

DUKSAN CORPORATION

(Korean Company Name : “덕산무역상사”)

Registered Address

815, Munhyeon-dong, Nam-gu, Busan, Korea

Building

Rm.1522, Hanilofficetel

Zip Code

608-792

Tel

+82-51-647-2370

Fax

+82-51-647-2373

E-mail

duksanco@kornet.net

Trading Address

Rm.1522, Hanilofficetel, 815, Munhyeon-dong, Nam-gu, Busan, Korea

Tel

+82-51-647-2370

Fax

+82-51-647-2373

Type

Import

Industry

Wholesales and Distribution of Chemicals & Minerals

  Main Business

Antioxidant, Barium Carbonate (ppt), Castor Oil, Dead Burned Dolomite, Dead Burned Magnesia Clinker, Fatliquoring Agent, Fused Alumina Zirconia, Fused Magnesia, Fused Magnesite, Leather Tanning M/c, Magnesium Hydroxide, Magnesium Oxide, Silicon Carbide, Super Plasticizer For Concrete Additives, Synthetic Tanning Agent, Talc Powder

Established (mm/dd/yyyy)

05/1985

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Inorganic oxides(12352303)

Sell

Chemistry reagents or solutions(41116105)

 

 

CEO’s

 

Name

Jung Tae-Yoon

Date of Birth

05/25/1953

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

N/A. (The numbers are kept by the National Tax Service confidentially.)

Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

05/1985 Established as the present name

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Jung Tae-Yoon

Male

Korean

05/1985

 

 

Financials

 

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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issued Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Antioxidant, Barium Carbonate (ppt), Castor Oil, Dead Burned Dolomite, Dead Burned Magnesia Clinker, Fatliquoring Agent, Fused Alumina Zirconia, Fused Magnesia, Fused Magnesite, Leather Tanning M/c, Magnesium Hydroxide, Magnesium Oxide, Silicon Carbide, Super Plasticizer For Concrete Additives, Synthetic Tanning Agent, Talc Powder

 

Trade Partners & Competitors

 

Competitors

JMC CORPORATION

125, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA

TEL:+82-52-231-5741  FAX:+82-52-238-9210

 

KOC CO., LTD.

749-4, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA

TEL:+82-52-238-5885  FAX:+82-52-238-5886

 

KWANGJIN CHEMICAL CO., LTD.

1DA-306, SIHWA INDUSTRIAL COMPLEX, 1245-5, JEONGWANG 3-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-498-4555  FAX:+82-31-498-4557

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

DUKSAN MINCHEM CO., LTD.(180111-0617077)

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports From United Kingdom, Hong Kong, India, China, Italian Republic and Kingdom Of Belgium.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

 

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.