|
Report Date : |
02.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DAWTECH CO., LTD. |
|
|
|
|
Registered Office : |
42-9, Geumbok-ri, Jeongnam-myeon, Hwaseong-si,
Gyeonggi-do, Korea 445-964 |
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|
|
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Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2009 |
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|
|
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Date of Incorporation : |
25.06.2001 |
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|
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Com. Reg. No.: |
124-81-85605 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
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Line of Business : |
Manufacture of Installed Tanks and Reservoirs |
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|
|
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No. of Employees : |
6 |
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 |
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Payment Behaviour : |
Unknown |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
DAWTECH CO.,
LTD. (Korean Company
Name : “(주)다우테크”) |
|
Registered Address |
42-9, Geumbok-ri, Jeongnam-myeon,
Hwaseong-si, Gyeonggi-do, Korea |
|
Zip Code |
445-964 |
|
Tel |
+82-31-450-6770~2 |
|
Fax |
+82-31-450-6774 |
|
E-mail |
water1004@dawtech.co.kr |
|
Website |
www.dawtech.co.kr |
|
Trading Address |
42-9, Geumbok-ri, Jeongnam-myeon,
Hwaseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-450-6770~2 |
|
Fax |
+82-31-450-6774 |
|
Other Address-Uiwang Branch |
Rm.908, Daeyoung Golden Valley, 290-2, Gocheon-dong,
Uiwang-si, Gyeonggi-do, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Installed Tanks and Reservoirs |
|
Main Business |
Bolted Tank |
|
Established (mm/dd/yyyy) |
06/25/2001 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Storage tanks(24111803) |
|
Name |
Gil Han-Suk |
|
Address |
431-21, Yeonghwa-dong,
Jangan-gu, Suwon-si, Gyeonggi-do, Korea |
|
Date of Birth |
08/28/1957 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
350,000,000 |
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|
Employees |
6 |
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|
Formation |
Co., Ltd by Shares Venture Business |
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|
Bank Details |
Industrial Bank of Korea-Uiwang Branch Kookmin Bank-Osan Branch |
|||||||||||||||
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Corporate Registered No. |
134811-0061078 |
|||||||||||||||
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Business Registered No. |
124-81-85605 |
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Permit & Licenses |
N/A |
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Shareholder Position |
|
|||||||||||||||
|
Company History |
06/25/2001 Incorporated as the present name 02/23/2005 Moved to the present HQ address
from 170-3, Chobu-ri, Mohyeon-myeon, Cheoin-gu, Yongin-si,
Gyeonggi-do, Korea 11/14/2005 Designated as a Venture Business 11/22/2006 Increased capital to 350,000,000
KRW from 200,000,000 KRW 11/14/2011 Designated as a Venture Business
again |
|||||||||||||||
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|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Gil Han-Suk |
Male |
Korean |
06/25/2004 |
|
Auditor |
Mr. |
Park Byung-Kon |
Male |
Korean |
01/07/2008 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2010 |
2,175,000,000 |
2,987,000,000 |
28,000,000 |
|
2009 |
6,512,000,000 |
2,652,000,000 |
163,000,000 |
|
2008 |
4,607,000,000 |
2,522,000,000 |
64,000,000 |
|
2007 |
2,862,000,000 |
2,744,000,000 |
64,000,000 |
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) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
350,000,000 |
|
Total Issues Shares |
70,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
2,652,000,000 |
2,522,000,000 |
2,744,000,000 |
|
Current Assets |
2,135,000,000 |
2,005,000,000 |
1,950,000,000 |
|
-Quick Assets |
2,130,000,000 |
1,633,000,000 |
1,586,000,000 |
|
-Inventories |
5,000,000 |
372,000,000 |
364,000,000 |
|
Fixed Assets |
517,000,000 |
516,000,000 |
794,000,000 |
|
-Investment |
- |
- |
20,000,000 |
|
-Tangibles |
209,000,000 |
200,000,000 |
208,000,000 |
|
-Intangibles |
2,000,000 |
2,000,000 |
2,000,000 |
|
-Others |
306,000,000 |
314,000,000 |
564,000,000 |
|
Total Liabilities |
1,609,000,000 |
1,642,000,000 |
1,918,000,000 |
|
Current Liabilities |
914,000,000 |
754,000,000 |
1,148,000,000 |
|
Fixed Liabilities |
695,000,000 |
888,000,000 |
770,000,000 |
|
Capital Stock |
350,000,000 |
350,000,000 |
350,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
694,000,000 |
531,000,000 |
478,000,000 |
|
Capital Adjustment |
-1,000,000 |
-1,000,000 |
-1,000,000 |
|
Total Equity |
1,043,000,000 |
880,000,000 |
827,000,000 |
|
Liab. & Shareholder’s Equity |
2,652,000,000 |
2,522,000,000 |
2,744,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
6,512,000,000 |
4,607,000,000 |
2,862,000,000 |
|
Cost of Sold Goods |
6,011,000,000 |
4,101,000,000 |
2,352,000,000 |
|
Gross Profit |
501,000,000 |
505,000,000 |
510,000,000 |
|
Selling & Admin. Expenses |
273,000,000 |
339,000,000 |
389,000,000 |
|
Operating Income |
228,000,000 |
167,000,000 |
121,000,000 |
|
Non-Operating Income |
96,000,000 |
85,000,000 |
48,000,000 |
|
Non-Operating Expenses |
120,000,000 |
165,000,000 |
86,000,000 |
|
Income Before Taxes |
204,000,000 |
87,000,000 |
83,000,000 |
|
Income Taxes Expenses |
40,000,000 |
23,000,000 |
19,000,000 |
|
Net Income |
163,000,000 |
64,000,000 |
64,000,000 |
|
Main Products & Services |
Bolted Tank |
|
Customers |
YOJU GUN OFFICE GREEN BIO AGRICULTURAL CORP. ILHO INTERNATIONAL CO., LTD. DUCKIL PLUS CONSTRUCTION CO., LTD. |
|
Competitors |
MATERIAL TECHNOLOGY SYSTEMS CO., LTD. 844-11, SONGMA-RI, DAEGOT-MYEON, GIMPO-SI,
GYEONGGI-DO, KOREA TEL:+82-31-997-6973 FAX:+82-31-997-6974 HANTECH LTD. SAMSUNG FINE CHEMICALS CO., LTD., 190,
YEOCHEON-DONG, NAM-GU, ULSAN, KOREA TEL:+82-52-270-3811~5 FAX:+82-52-270-3801~2 SOOSUNG HEAVY INDUSTRY CO., LTD. RM. 402, SUSEONG BLDG., 393-18,
HAPJEONG-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-313-3169 FAX:+82-2-322-3148 |
(Activity & Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.83 |
|
|
1 |
Rs.89.22 |
|
Euro |
1 |
Rs.72.48 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.