|
Report Date : |
08.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Dae Han Canvas |
|
|
|
|
Registered Office : |
886-4, Sincheon-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
04.01.1994 |
|
|
|
|
Com. Reg. No.: |
622-13-*****(The full numbers are kept by the National Tax Service
confidentially.) |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacturer of All Other Textiles N.E.C. |
|
|
|
|
No. of Employees : |
35 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 is currently the world's 12th largest economy. 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. Korea's export focused economy was hit hard by the 2008 global
economic downturn, but quickly rebounded in subsequent years, reaching 6.3%
growth in 2010. The US-South Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The incoming administration in 2013, following
the December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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 |
DAE HAN CANVAS (Korean Company Name : “대한캔바스”) |
|
Registered Address |
886-4, Sincheon-ri, Hallim-myeon,
Gimhae-si, Gyeongsangnam-do, Korea |
|
Zip Code |
621-873 |
|
Tel |
+82-55-346-1990~2 |
|
Fax |
+82-55-346-0990 |
|
|
|
|
Trading Address |
886-4, Sincheon-ri, Hallim-myeon,
Gimhae-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-346-1990~2 |
|
Fax |
+82-55-346-0990 |
|
|
|
|
Type |
Export/Import |
|
Industry |
Manufacture of All Other Textiles n.e.c. |
|
Main Business |
Canvas, Filter Cloth |
|
|
|
|
Established (mm/dd/yyyy) |
04/01/1994 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Filters(40161500) |
|
Sell |
Sludge or sewage removal equipment(47101539) |
|
Name |
Jo Jeong-Gyo |
|
Address |
Suite 204-702, Bunpo-ro, Nam-gu, Busan,
Korea |
|
Date of Birth |
04/30/1952 |
|
Title |
President & CEO |
|
Sex |
Female |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
35 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Busan Bank-Bujeon Dong Branch |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
622-13-*****(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 |
Int’l Trade No.: 24019620 |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
04/01/1994 Established as the present name |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
M/S. |
Jo Jeong-Gyo |
Female |
Korean |
04/01/1994 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
376,920,000 |
|
2008 |
4,107,000,000 |
|
549,050,000 |
|
2007 |
|
|
|
|
2006 |
|
|
|
|
2005 |
|
|
|
|
2004 |
|
|
|
|
2003 |
|
|
|
The full &
latest financials are not available, and the Subject Company does not have any obligations
to release its financials to the public.
|
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 |
|
Main Products & Services |
Canvas, Filter Cloth |
|
Customers |
DAE HAN ENDLESS
FELT CO., LTD.(180111-0221290) HANSOL PAPER CO., LTD.(110111-0017867) DONGIL PAPER MFG CO., LTD.(130111-0026236) |
|
Competitors |
A TEC CO.,
LTD. 780,
BONGJEONG-RI, SEOKSEONG-MYEON, BUYEO-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-835-0270 FAX:+82-41-835-0271 KYUNGWHA
TRADING CO., LTD. RM. 1707,
SAMHEUNG BLDG., 705-9, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-538-0011~6 FAX:+82-2-538-0017~8 PACIFIC
INDUSTRIAL CO., LTD. INDUSTRIAL
COMPLEX Ⅲ, 939-2, TAEGOK-RI, BUK-MYEON, JEONGEUP-SI, JEOLLABUK-DO, KOREA TEL:+82-63-536-1931 FAX:+82-63-536-1935 |
|
Affiliates |
DAE HAN ENDLESS
FELT CO., LTD.(180111-0221290) |
Not Available.
Not Available.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.70.50 |
|
Euro |
1 |
Rs.83.81 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.