MIRA INFORM REPORT

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Name :

DA CO., LTD.

 

 

Registered Office :

2FL., Daegyeong Bldg. 493-1, Gongneung 1-dong, Nowon-gu, Seoul, Korea

139-806

 

 

Country :

South Korea

 

 

Date of Incorporation :

16.03.1999

 

 

Com. Reg. No.:

217-81-15717

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Leather Garments

 

 

No. of Employees :

4

 

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 Information

 

Company Name

DA CO., LTD.

(Korean Company Name : “()디에이무역”)

Registered Address

493-1, Gongneung 1-dong, Nowon-gu, Seoul, Korea

Building

2FL., Daegyeong Bldg.

Zip Code

139-806

Tel

+82-2-971-5209

Fax

+82-2-971-5245

Trading Address

2FL., Daegyeong Bldg., 493-1, Gongneung 1-dong, Nowon-gu, Seoul, Korea

Tel

+82-2-971-5209

Fax

+82-2-971-5245

Type

Export/Import

Industry

Manufacture of Leather Garments

  Main Business

Fur Clothing, Leather Clothing

Established (mm/dd/yyyy)

03/16/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Coats and jackets(53101800)

Sell

Dresses and skirts and saris and kimonos(53102000)

Sell

Slacks and trousers and shorts(53101500)

Buy

Animal hair(11131503)

Buy

Sheep leather(11162303)

Buy

Fabrics and leather materials(11160000)

Buy

Miscellaneous sewing supplies(53141600)

Buy

Threads(11151600)

Buy

Zippers(53141503)

Buy

Buttons(53141505)

Buy

Pig leather(11162306)

Sell

Cow leather(11162305)

 

 

CEO’s

 

Name

Song So-Won

Address

Suite 302-1201, 715, Gongneung-dong, Nowon-gu, Seoul, Korea

Date of Birth

01/13/1966

Title

President & CEO

Sex

Female

Nationality

Korean

 

Profiles

 

Capital (KRW)

62,0000,000

Employees

4

Formation

Co., Ltd by Shares

Bank Details

Kookmin Bank-Taeneung Station Branch

Corporate Registered No.

110111-1664542

Business Registered No.

217-81-15717

Permit & Licenses

Int’l Trade No.: 11378989

Shareholder Position

N/A

Company History

11/22/1996 Established as DA TRADE CO.(Sole Proprietorship)

03/16/1999 Incorporated as the present name

03/28/2005 Moved to the present HQ address from 596-27, Gongneung-dong, Nowon-gu, Seoul, Korea

03/26/2010 Increased capital to 62,0000,000 KRW from 50,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

M/S.

Song So-Won

Female

Korean

03/16/1999

Director

M/S.

Kim Kyung-Won

Female

Korean

02/22/2002

Director

Mr.

Nishimura Yuji

Male

Japanese

03/28/2005

Auditor

Mr.

Kim Sa-Sung

Male

Korean

03/16/1999

 

 

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)

200,000,000

Paid-Up Capital(KRW)

62,0000,000

Total Issued Shares

12,400

 

 

Products, Technologies, Services Description

 

Main Products & Services

Fur Clothing, Leather Clothing

 

Trade Partners & Competitors

 

Competitors

DAE GUN FUR CO., LTD.

2ND FL., DAEGEON BLDG., 487-8, SINSA-DONG, GWANAK-GU, SEOUL, KOREA

TEL:+82-2-867-1696  FAX:+82-2-867-5634

 

KM LEATECH CO., LTD.

123-11, NAMGYE-RI, GUNNAM-MYEON, YEONCHEON-GUN, GYEONGGI-DO, KOREA

TEL:+82-31-835-2380  FAX:+82-31-835-2382

 

SUNG KWANG LEATHER CO., LTD.

204-4 NONHYEON-DONG GANGNAM-GU SEOUL, KOREA

TEL:+82-2-2238-4244 FAX:+82-2-2231-8492

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Italy and Japan.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.34

UK Pound

1

Rs.86.11

Euro

1

Rs.69.07

 

 

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.