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Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
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Name : |
DAVIS DIAMOND CO. LTD. |
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Registered Office : |
6th Fl., Geumgang Bldg. 35, Donhwamun-ro 6na-gil, Jongno-gu, |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
21.02.2002 |
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Com. Reg. No.: |
101-81-80077 |
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Legal Form : |
Co., Limited by Shares |
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Line of Business : |
Wholesale of Watches and Jewelry |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
|
Source
: CIA |
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Company
Name |
DAVIS DIAMOND CO. LTD. |
|
Registered Address |
35, Donhwamun-ro 6na-gil, Jongno-gu, |
|
Building |
6th Fl., Geumgang Bldg. |
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Zip Code |
110-390 |
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Tel |
+82-2-747-1802 |
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Fax |
+82-2-747-1807 |
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E-mail |
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Website |
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Trading Address |
6th Fl., Geumgang Bldg., 35, Donhwamun-ro
6na-gil, Jongno-gu, (Old Address System : 6th Fl., Geumgang Bldg.,
127, Bongik-dong, Jongno-gu, |
|
Tel |
+82-2-747-1802 |
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Fax |
+82-2-3676-8837 |
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|
|
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Other Address-Jongro Branch |
Rm.101, Sungcahng Bladg., 97-1, Bongik-dong,
Jongno-gu, |
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Tel |
+82-2-747-1805 |
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Type |
Import |
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Industry |
Wholesale of Watches and Jewelry |
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Main Business |
Diamond |
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|
|
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Established (mm/dd/yyyy) |
02/21/2002 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Diamond gemstones(54121501) |
|
Sell |
Fine jewelry necklaces(54101502) |
|
Name |
Hong Yeun-Ho |
|
Address |
Suite 1001-1002, 728, Naebalsan-dong,
Gangseo-gu, |
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Date of Birth |
07/24/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
300,000,000 |
|
Employees |
17 |
|
Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Jongro Branch SC First Bank of Korea-Jongro 5 Ga Branch |
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Corporate Registered No. |
110111-2451526 |
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Business Registered No. |
101-81-80077 |
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Permit & Licenses |
Int’l Trade No.: 45012398 |
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Shareholder Position |
N/A |
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Company History |
02/21/2002 Incorporated as SION DIAMOND
CO., LTD. 02/22/2002 Changed company name to the
present name 11/18/2006 Increased capital to
300,000,000 KRW from 100,000,000 KRW 06/04/2009 Moved to the present HQ address
from Rm. 401, Seongsang Bldg., 97-1, Bongik-dong, Jongno-gu, |
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|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Hong Yeun-Ho |
Male |
Korean |
03/18/2002 |
|
Director |
M/S. |
Kim Young-Mi |
Female |
Korean |
03/28/2005 |
|
Director |
Mr. |
Chang Ki-Ho |
Male |
Korean |
11/17/2006 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
|
|
|
|
2011 |
|
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|
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2010 |
|
|
|
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2009 |
|
|
|
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2008 |
5,644,000,000 |
3,624,000,000 |
-311,000,000 |
|
2007 |
3,705,000,000 |
2,279,000,000 |
57,000,000 |
|
2006 |
2,661,000,000 |
1,995,000,000 |
51,000,000 |
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) |
400,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issues Shares |
60,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Total Assets |
3,624,000,000 |
2,279,000,000 |
1,995,000,000 |
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Current Assets |
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|
-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
3,395,000,000 |
1,739,000,000 |
1,511,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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|
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Capital Adjustment |
|
|
|
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Total Equity |
229,000,000 |
540,000,000 |
484,000,000 |
|
Liab. & Shareholder’s Equity |
3,624,000,000 |
2,279,000,000 |
1,995,000,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Sales |
5,644,000,000 |
3,705,000,000 |
2,661,000,000 |
|
Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
-311,000,000 |
57,000,000 |
51,000,000 |
|
Main Products & Services |
Diamond, Jewelry |
|
Competitors |
GP DIAMONDS LTD. 2ND FL., HANMI JEWELRY COMPLEX, 64-1,
MYO-DONG, JONGNO-GU, TEL:+82-2-766-4880 FAX:+82-2-745-4880 GOLDENDEW CO.,
LTD.(110111-0319445) 1ST FL., HWADONG BLDG., 1466-14, SEOCHO
3-DONG, SEOCHO-GU, TEL:+82-2-3415-5700 FAX:+82-2-3471-1455 GEMOPIA JEWELRY CO., LTD. E-201, TEL:+82-31-708-2005 FAX:+82-31-707-7534 |
---------
The subject imports
Diamond from the companies in
Not Available.
----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
|
1 |
Rs.100.24 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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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 |
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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.