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Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
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Name : |
COCO DIAMOND co., Ltd. |
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Registered Office : |
136, Bongik-dong, Jongno-gu, Seoul |
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Country : |
South Korea |
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Date of Incorporation : |
30.03.2005 |
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Com. Reg. No.: |
101-86-13947 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales of Diamond, Gem Stones |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – 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 |
COCO DIAMOND CO., LTD. (Korean Company Name : “(주)코코다이아몬드”) |
|
Registered Address |
136, Bongik-dong, Jongno-gu, Seoul, Korea |
|
Building |
Rm.205, Daelim Bldg. |
|
Zip Code |
110-390 |
|
Tel |
+82-2-762-7940 |
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Fax |
+82-2-762-7941 |
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|
|
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Trading
Address |
Rm.205,
Daelim Bldg.,136, Bongik-dong, Jongno-gu, Seoul, Korea (New Address System : 25, Donhwamun-ro 6na-gil, Jongno-gu, Seoul,
Korea) |
|
Tel |
+82-2-762-7940 |
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Fax |
+82-2-762-7941 |
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|
|
|
Type |
Export/Import |
|
Industry |
Wholesales of Diamond |
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Main Business |
Diamond, Gem Stones |
|
|
|
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Established (mm/dd/yyyy) |
03/30/2005 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Diamond
gemstones(54121501) |
|
Name |
Seo Kwui-Taik |
|
Address |
Suite 406-1201, 694, Millak-dong,
Suyeong-gu, Busan, Korea |
|
Date of Birth |
07/08/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
5 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-3198325 |
|
Business Registered No. |
101-86-13947 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
03/30/2005 Incorporated as the present name 07/05/2010 Moved to the present HQ address
from Rm.302,
Tiffany Sangga, 153, Bongik-dong, Jongno-gu, Seoul, Korea |
|
|
|
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Seo Kwui-Taik |
Male |
Korean |
03/30/2008 |
|
Director |
Mr. |
Seo Yoon-Seok |
Male |
Korean |
03/30/2008 |
|
Auditor |
M/S. |
Kim Owi-Sook |
Female |
Korean |
03/30/2008 |
The 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) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Main Products & Services |
Diamond, Gem Stones |
|
Competitors |
GP DIAMONDS LTD. 2ND FL., HANMI JEWELRY COMPLEX, 64-1,
MYO-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-766-4880 FAX:+82-2-745-4880 SAMSHIN DIAMOND CO., LTD. SAMSIN BLDG., 598-6, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-540-3344 FAX:+82-2-540-2779 YEJI JEWELRY B1, YUNGGI BLDG., 614-3, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-515-9983 FAX:+82-2-515-9184 |
--
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
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.