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Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
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Name : |
DONGWOO OPTRON CO., LTD. |
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Registered Office : |
611-5, Maesan-ri, Opo-eup, Gwangju-si, Gyeonggi-do, Korea
464-893 |
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Country : |
South Korea |
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Date of Incorporation : |
29.04.1999 |
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Com. Reg. No.: |
215-81-77279 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Optical Lens and Elements |
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No. of Employees : |
37 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four
decades has demonstrated incredible growth and global integration to become a
high-tech industrialized economy. In the 1960s, GDP per capita was comparable
with levels in the poorer countries of Africa and Asia. In 2004, South Korea
joined the trillion dollar club of world economies, and currently is among the
world's 20 largest economies. Initially, a system of close government and
business ties, including directed credit and import restrictions, made this
success possible. The government promoted the import of raw materials and
technology at the expense of consumer goods, and encouraged savings and
investment over consumption. The Asian financial crisis of 1997-98 exposed
longstanding weaknesses in South Korea''s development model including high debt/equity
ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998,
and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms
following the crisis, including greater openness to foreign investment and
imports. Growth moderated to about 4% annually between 2003 and 2007. With the
global economic downturn in late 2008, South Korean GDP growth slowed to 0.3%
in 2009. In the third quarter of 2009, the economy began to recover, in large
part due to export growth, low interest rates, and an expansionary fiscal
policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade
Agreement was ratified by both governments and is projected to go into effect
in early 2012. The South Korean economy''s long term challenges include a
rapidly aging population, inflexible labor market, and heavy reliance on
exports - which comprise half of GDP.
Source : CIA
|
Company Name |
DONGWOO OPTRON
CO., LTD. (Korean Company
Name : “동우옵트론(주)”) |
|
Registered Address |
611-5, Maesan-ri, Opo-eup, Gwangju-si,
Gyeonggi-do, Korea |
|
Zip Code |
464-893 |
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Tel |
+82-31-765-0300 |
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Fax |
+82-31-765-0222 |
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E-mail |
dos@optron.co.kr |
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Website |
www.optron.co.kr |
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Trading Address |
611-5, Maesan-ri, Opo-eup, Gwangju-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-765-0300 |
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Fax |
+82-31-765-0222 |
|
Type |
Export/Import |
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Industry |
Manufacture of Optical Lens and Elements |
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Main Business |
CCD Cameras, Monochromator, Spectroscopy System, Gas Analyzer, PL
System, Laser, State |
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Sub
Business |
Manufacture of Other Optical Instruments and Photographic Equipment |
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Established (mm/dd/yyyy) |
04/29/1999 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Electronic and communication measuring and
testing instruments(41113700) |
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Sell |
Spectroscopes(60104810) |
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Name |
Kim Young-Joon |
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Address |
Suite 134-1703, 152, Naejeong-ro 165beon-gil,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Date of Birth |
12/17/1955 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
700,000,000 |
|
Employees |
37 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Korea Exchange Bank-Garak Branch |
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Corporate Registered No. |
1101111-689805 |
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Business Registered No. |
215-81-77279 |
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Permit & Licenses |
Int’l Trade No.: 11103282 |
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Shareholder Position |
N/A |
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Company History |
10/01/1989 Established as DONGWOO Total
Trading Co.(Sole Proprietorship) 05/10/1999 Incorporated as the present name 12/16/2004 Increased the authorized shares
to 240,000 shares from 80,000 shares 12/17/2004 Increased capital to 700,000,000
KRW from 300,000,000 KRW |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Young-Joon |
Male |
Korean |
04/29/1999 |
|
Director |
M/S. |
Kim Young-Mi |
Female |
Korean |
04/29/2002 |
|
Director |
M/S. |
Kim Kyung-Sun |
Female |
Korean |
04/29/2002 |
|
Auditor |
Mr. |
Jeon Yong-Sun |
Male |
Korean |
04/29/2002 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2010 |
9,669,000,000 |
8,039,000,000 |
355,000,000 |
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2009 |
6,960,000,000 |
8,333,000,000 |
251,000,000 |
|
2008 |
7,609,000,000 |
5,215,000,000 |
42,000,000 |
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2007 |
6,900,000,000 |
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2006 |
5,900,000,000 |
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The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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Authorized Capital(KRW) |
1,200,000,000 |
|
Paid-Up Capital(KRW) |
700,000,000 |
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Total Issues Shares |
140,000 |
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Main Products & Services |
CCD Cameras, Monochromator, Spectroscopy System, Gas Analyzer, PL
System, Laser, State |
|
Suppliers |
Dsuniphase |
|
Competitors |
CHOONGWAE MEDICAL CORPORATION 3RD FI., SINDAEBANG 1-DONG, DONGJAK-GU,
SEOUL, KOREA TEL:+82-2-2109-7700 FAX:+82-2-2109-7800 DAEIL LABORATORY SERVICES CO., LTD. RM. 1109, KOLON DIGITAL TOWER VILLANT
2-CHA, 222-8,GURO 3-DONG, GURO-GU, SEOUL, KOREA TEL:+82-2-2081-1500 FAX:+82-2-2081-1515 FISHER SCIENTIFIC KOREA LTD. 13TH FL., SAMBU BLDG., 676, YEOKSAM 1-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-527-0300 FAX:+82-2-527-0311 |
(Activity &
Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
|
|
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.45 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.