MIRA INFORM REPORT

 

 

Report Date :           

29.03.2012

 

IDENTIFICATION DETAILS

 

Name :

D.I.C KOREA

 

 

Registered Office :

650-131, Seongnam 2-dong, Seo-gu, Incheon, Korea, Rm. 302, Samwon Timber Bldg., Zip Code 404-220

 

 

Country :

South Korea

 

 

Date of Incorporation :

01.06.2005

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Sale of Used Motor Vehicles

 

 

No. of Employees :

01

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

D.I.C KOREA

(Korean Company Name : “디아이씨코리아”)

Registered Address

650-131, Seongnam 2-dong, Seo-gu, Incheon, Korea

Building

Rm. 302, Samwon Timber Bldg.

Zip Code

404-220

Tel

+82-32-577-5166~7

Fax

+82-32-551-7897

E-mail

dickorea1@yahoo.com

Trading Address

Rm. 302, Samwon Timber Bldg., 650-131, Seongnam 2-dong, Seo-gu, Incheon, Korea

Tel

+82-32-542-7745

Fax

+82-32-551-7897

Type

Export/Import

Industry

Sale of Used Motor Vehicles

  Main Business

Used Car, Auto Parts, Fan Motor

  Sub Business

Wholesale of Electrical Machinery and Related Materials

Established (mm/dd/yyyy)

06/01/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Capacitors(32121500)

 

 

CEO’s

 

Name

Avid Hussein Virk(Mobile : +82-10-3406-5166)

Title

Owner

Sex

Male

Nationality

-

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

Woori Bank

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

122-12-***** (The full 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

06/01/2005 Established as the present name

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Avid Hussein Virk

Male

-

06/01/2005

 

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

Combine Machine

Old Main Frame Computers

Old Personal Computers

Circuit Boards

Power Supplies

Cables

Hard Drives

Floppy Drives

CD ROM Drives

Tape Drives

Monitors

Keyboards

Spare Parts of Showcase Refrigerator like Condenser, Evaporator, Fan Motor, Glass Door, PVC Sticker

Used Cars

 

Trade Partners & Competitors

 

Competitors

DAESEUNG INTERNATIONAL CO., LTD.

3RD FL., JEONG-WON BLDG., 1566-8, SEOCHO 3-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-582-1907  FAX:+82-2-582-2388

 

PARK SUN MOK

109-11, PALYONG-DONG, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-295-2623  FAX:+82-55-293-2623

 

SEUNGLIM ELECTRIC & MACHINERY CO., LTD.

41-3, WONMI 1-DONG, WONMI-GU, BUCHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-32-612-5501  FAX:+82-32-612-5502

 

T & C WORKS CO., LTD.

B1, JEONG VILLA, 277-52, HONGEUN 2-DONG, SEODAEMUN-GU, SEOUL, KOREA

TEL:+82-2-391-4174  FAX:+82-2-391-4175

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Pakistan, Saudi Arabia and Egypt.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.92

UK Pound

1

Rs.81.21

Euro

1

Rs.67.85

 

 

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.