MIRA INFORM REPORT

Report Date :

26.10.2013

IDENTIFICATION DETAILS

Name :	MONO HOME CO., LTD.

Registered Office :	517-2, Gwaebeop-dong, Sasang-gu, Busan

Country :	South Korea

Date of Incorporation :	12.06.2013

Legal Form :	Co., Ltd by Shares

Line of Business :	Wholesales and Retails of Furniture

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New company

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 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

South Korea

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

Basic

Company Name	MONO HOME CO., LTD. (Korean Company Name : “(주)모노홈”)
Registered Address	517-2, Gwaebeop-dong, Sasang-gu, Busan, Korea
Zip Code	617-808
Tel	+82-70-4655-7482
Fax	+82-51-246-7482
E-mail	youngoh007@hanmail.net;monohome7@naver.com
Website	www.monohome.co.kr
Trading Address	517-2, Gwaebeop-dong, Sasang-gu, Busan, Korea (New Address System : 1222, Nakdong-daero, Sasang-gu, Busan, Korea)
Tel	+82-70-4655-7482
Fax	+82-51-246-7482
Type	Export/Import
Industry	Wholesales and Retails of Furniture
Main Business	Furniture, Interior Items
Established (mm/dd/yyyy)	06/12/2013

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Sofas(56101502)
Sell	Furniture(56101500)
Sell	Desks(56101703)

CEO’s

Name	Kim Young-Oh
Address	7, Sinam-ro 177beon-gil, Busanjin-gu, Busan, Korea
Date of Birth	03/26/1969
Title	President & CEO
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	250,000,000
Employees	N/A
Formation	Co., Ltd by Shares
Bank Details	N/A
Corporate Registered No.	180111-0864602
Business Registered No.	N/A. (The 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	N/A
Shareholder Position	N/A
Company History	06/12/2013 Incorporated as the present name

Detailed Information

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
President & CEO	Mr.	Kim Young-Oh	Male	Korean	06/12/2013
Outside Director	M/S.	Park Jung-Sook	Female	Korean	06/12/2013
Outside Director	Mr.	Kim Haeng-Sub	Male	Korean	06/12/2013
Outside Director	Mr.	Lee Yong-Woong	Male	Korean	06/12/2013
Director	M/S.	Kim Eun-Jung	Female	Korean	06/12/2013

Financials

Year / Unit : KRW	Sales	Assets	Net Income
2013

Financial Description

Authorized Capital(KRW)	1,000,000,000
Paid-Up Capital(KRW)	250,000,000
Total Issued Shares	50,000

Products, Technologies, Services Description

Main Products & Services

Furniture, Interior Items

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

Affiliates

ART & CRAFT CO.(606-32-97793)

Sales by Region (Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.63
UK Pound	1	Rs.99.94
Euro	1	Rs.85.12

INFORMATION DETAILS

Report Prepared by :

PDT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.