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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
LEE YARN TRADING CO., LTD. |
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|
|
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Formerly Known As : |
YOUNG WOO TRADING CO., LTD. |
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Registered Office : |
568-2, Hyoseong-dong, Gyeyang-gu, |
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Country : |
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|
|
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.07.2008 |
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Com. Reg. No.: |
122-86-01093 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacturer of Twisted Threads and Processing of Threads |
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|
|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
LEE YARN TRADING CO., LTD. (Korean Company Name : “이얀통상(주)”) |
|
Registered Address |
568-2,
Hyoseong-dong, Gyeyang-gu, |
|
Zip Code |
407-832 |
|
Tel |
+82-32-330-2406 |
|
Fax |
+82-32-330-2409 |
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E-mail |
|
|
Trading Address |
568-2,
Hyoseong-dong, Gyeyang-gu, |
|
Tel |
+82-32-330-2406 |
|
Fax |
+82-32-330-2409 |
|
Type |
Export |
|
Industry |
Manufacture of Twisted Threads and Processing of Threads |
|
Main Business |
PP Yarn, Nylon Yarn |
|
Established (mm/dd/yyyy) |
07/07/2008 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Synthetic yarn(11151709) |
|
Sell |
Threads(11151600) |
|
Sell |
Cotton yarn(11151702) |
|
Name |
Lee Young-Hwan |
|
Address |
Suite 207-1202, 124-23, Sangok-dong, Bupyeong-gu, |
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Date of Birth |
03/21/1967 |
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Title |
President & CEO |
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Sex |
Male |
|
Nationality |
Korean |
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Capital (KRW) |
150,000,000 |
|
Employees |
11 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
120111-0469777 |
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Business Registered No. |
122-86-01093 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
07/07/2008 Incorporated as
YOUNG WOO TRADING CO., LTD. 04/08/2010 Increased capital to
150,000,000 KRW from 50,000,000 KRW 07/06/2010 Changed company name
to the present name 07/06/2010 Moved to the present
HQ address from 419-5, Cheongcheon-dong, Bupyeong-gu,
|
|
|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Young-Hwan |
Male |
Korean |
07/07/2011 |
|
Director |
M/S. |
Yoon Sun-Mi |
Female |
Korean |
07/07/2011 |
|
Auditor |
M/S. |
Lee Chun-Ja |
Female |
Korean |
03/29/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2010 |
2,766,404,000 |
3,304,482,000 |
15,606,000 |
|
2009 |
2,303,278,000 |
998,778,000 |
43,427,000 |
|
2008 |
690,632,000 |
729,306,000 |
-3,757,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
150,000,000 |
|
Total Issued Shares |
30,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
3,304,482,000 |
998,778,000 |
729,306,000 |
|
Current Assets |
1,070,791,000 |
898,790,000 |
657,958,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
2,233,691,000 |
99,988,000 |
71,348,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
3,099,205,000 |
909,107,000 |
683,063,000 |
|
Current Liabilities |
773,805,000 |
909,107,000 |
683,063,000 |
|
Fixed Liabilities |
2,325,400,000 |
- |
- |
|
Capital Stock |
150,000,000 |
50,000,000 |
50,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
55,227,000 |
39,671,000 |
-
3,757,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
205,227,000 |
89,671,000 |
46,243,000 |
|
Liab. & Shareholder’s Equity |
3,304,482,000 |
998,778,000 |
729,306,000 |
Income Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
2,766,404,000 |
2,303,278,000 |
690,632,000 |
|
Cost of Sold Goods |
2,325,073,000 |
1,992,681,000 |
658,055,000 |
|
Gross Profit |
441,331,000 |
310,597,000 |
32,577,000 |
|
Selling & Admin. Expenses |
376,375,000 |
257,808,000 |
39,274,000 |
|
Operating Income |
64,956,000 |
52,789,000 |
-6,697,000 |
|
Non-Operating Income |
2,325,400,000 |
- |
- |
|
Non-Operating Expenses |
49,388,000 |
5,313,000 |
- |
|
Income Before Taxes |
17,341,000 |
47,679,000 |
-3,757,000 |
|
Income Taxes Expenses |
1,735,000 |
4,252,000 |
- |
|
Net Income |
15,606,000 |
43,427,000 |
-3,757,000 |
|
Main Products & Services |
PP Yarn, Nylon Yarn |
|
Competitors |
N & T GLOBAL INC. RM. 2109, RENAISSNACE TOWER BLDG., 456,
GONGDEOK-DONG, MAPO-GU, TEL:+82-2-704-6401 FAX:+82-2-704-6403 GLOBAL RM. 304, SEOKTOP OFFICETEL, 1588-7, SEOCHO
3-DONG, SEOCHO-GU, TEL:+82-2-3472-3751 FAX:+82-2-3472-3752 GATE TRADING CO., LTD. RM. 302-1, SEONGU BLDG., YEOKSAM 1-DONG,
GANGNAM-GU, TEL:+82-2-556-3153 FAX:+82-2-555-7633 |
(Activity &
Markets)
The Subject exports
to
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.29 |
|
|
1 |
Rs.88.26 |
|
Euro |
1 |
Rs.70.82 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.