MIRA INFORM REPORT
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Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
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Name : |
DONG LIN CO., LTD. |
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Registered Office : |
20, Sangnam-gil, Cheongnyang-myeon, Ulju-gun, |
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Country : |
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Date of Incorporation : |
19.05.2003 |
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Com. Reg. No.: |
610-81-66318 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Export/Import of Aluminum
Foundries, Carbon Graphite and Heating, Air Conditioning and Plumbing Related
Works |
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No. of Employees : |
7 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Source
: CIA |
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Company
Name |
DONG LIN CO., LTD. (Korean Company Name : “(주)동린”) |
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Registered Address |
20, Sangnam-gil, Cheongnyang-myeon,
Ulju-gun, Ulsan, Korea |
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Building |
Rm. 203 |
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Zip Code |
689-864 |
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Tel |
+82-52-237-0151 |
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Fax |
+82-52-237-0153 |
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Website |
www.donglin.co.kr |
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Trading Address |
Rm. 203, 20, Sangnam-gil, Cheongnyang-myeon,
Ulju-gun, Ulsan, Korea (Old Address System : Rm. 203, 875-18,
Sangnam-ri, Cheongnyang-myeon, Ulju-gun, Ulsan, Korea) |
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Tel |
+82-52-237-0151 |
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Fax |
+82-52-237-0153 |
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Type |
Export/Import |
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Industry |
Aluminum Foundries |
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Main
Business |
Carbon Graphite |
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Sub
Business |
Heating, Air Conditioning and Plumbing Related Works |
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Established (mm/dd/yyyy) |
05/19/2003 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Motor brushes(26101801) |
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Sell |
Slip rings(39121016) |
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Sell |
Bearings(31171500) |
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Name |
Kim Young-Kuk |
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Address |
135, Gosan-ri, Onyang-eup, Ulju-gun, Ulsan,
Korea |
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Date of Birth |
10/03/1960 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
250,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Busan Bank-Samsan Dong Branch |
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Corporate Registered No. |
230111-0095892 |
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Business Registered No. |
610-81-66318 |
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Permit & Licenses |
05/2006 ISO 9001 Int’l Trade No.: 12085556 |
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Shareholder Position |
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Company History |
10/1989 Established as DONG LIN
CO.(Sole Proprietorship) 06/1992 Changed company name to DONG LIN SILUP CO. 05/19/2003 Incorporated as the present name 02/12/2004 Increased the authorized shares to 100,000 shares from
20,000 shares 02/13/2004 Increased capital to 250,000,000 KRW from 50,000,000 KRW 10/30/2013 Moved to the present HQ address from 37 Block, Sangnam-ri,
Cheongnyang-myeon, Ulju-gun, Ulsan, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Young-Kuk |
Male |
Korean |
03/02/2009 |
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Director |
M/S. |
Kang Mi-Hwa |
Female |
Korean |
03/02/2009 |
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Auditor |
M/S. |
Le Sang-Mi |
Female |
Korean |
01/06/2012 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2012 |
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2011 |
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2010 |
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2009 |
736,000,000 |
566,000,000 |
1,000,000 |
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2008 |
1,322,000,000 |
1,018,000,000 |
34,000,000 |
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial
Description
|
Authorized Capital(KRW) |
1,000,000,000 |
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Paid-Up Capital(KRW) |
250,000,000 |
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Total Issued Shares |
25,000 |
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Main Products & Services |
Carbon Graphite |
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Customers |
|
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Competitors |
MORGAN KOREA CO., LTD. 1-14, BUK-RI, NONGONG-EUP, DALSEONG-GUN,
DAEGU, KOREA TEL:+82-53-615-1061 FAX:+82-53-615-1063 TOKAI CARBON KOREA CO., LTD. ANSEONG INDUSTRIAL COMPLEX 2, 271-2,
GYEREUK-RI, MIYANG-MYEON, ANSEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-677-0277~8 FAX:+82-31-677-0276 SEUNGLIM CARBON METAL LTD. 5B-17, BANWOL INDUSTRIAL COMPLEX, 737-2,
WONSI-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-491-2722~5 FAX:+82-31-491-0585 |
The Subject deals with
the companies in USA and China.
Not Available.
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
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|
1 |
Rs.103.38 |
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Euro |
1 |
Rs.85.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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.