MIRA INFORM REPORT

 

 

Report Date :

25.07.2014

 

IDENTIFICATION DETAILS

 

Name :

E LAND RETAIL, LTD.

 

 

Formerly Known As :

NEW CORE CO., LTD

 

 

Registered Office :

51, Jamwon-ro, Seocho-gu, Seoul, Korea 137-908

 

 

Country :

 South Korea

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

22.12.1978

 

 

Com. Reg. No.:

114-81-01855

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

·         Retail sale in other non-specialized large stores

·         Department store operation services, retail sail large stores

 

 

No. of Employees

4,212

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

South Korea

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

 

 

 

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. South 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. South 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-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge 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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about half of GDP

 

Source : CIA

 

 

 

Basic Information

 

Basic

 

Company Name

E LAND RETAIL, LTD.

(Ex. Company Name : NEW CORE CO., LTD., “(주)뉴코아”)

(Korean Company Name : “(주)이랜드리테일”)

Registered Address

51, Jamwon-ro, Seocho-gu, Seoul, Korea

Building

 

Zip Code

137-908

Tel

+82-2-509-5000

Fax

+82-2-509-6123~4

E-mail

webmaster@newcore.co.kr

Website

www.newcore.co.kr

Trading Address

51, Jamwon-ro, Seocho-gu, Seoul, Korea

(Old Address System : 70-2, Jamwon-dong, Seocho-gu, Seoul, Korea)

Tel

+82-2-509-5000

Fax

+82-2-509-6123~4

Other Address

7FL., E Land Bldg., 19-8, Changjeon-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-323-0456

Fax

+82-2-2214-9795

Other Address-Pyungchon Branch

1039-3, Hogye-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-380-7777

Fax

 

Other Address-Ilsan Branch

797-2, Madu-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-900-5000

Fax

 

Other Address-Yatop Branch

357-1, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-780-3000

Fax

 

Other Address-Incheon Branch

1465-1, Guwol-dong, Namdong-gu, Incheon, Korea

Tel

+82-32-430-5000

Fax

 

Other Address-Pyeongtaek Branch

830, Bijeon 2-dong, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-650-6000

Fax

 

Other Address- Sanbon Branch

1231, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea

Tel

+82-31-390-5000

Fax

 

Other Address-Dong Suwon Branch

1114-1, Ingye-dong, Paldal-gu, Suwon-si, Gyeonggi-do, Korea

Tel

+82-31-231-6000

Fax

 

Other Address-Gwangmyeong Branch

38, Haan 1-dong, Gwangmyeong-si, Gyeonggi-do, Korea

Tel

+82-2-3397-2500

Fax

 

Other Address-Gwacheon Branch

1-19, Byeoryang-dong, Gwacheon-si, Gyeonggi-do, Korea

Tel

+82-2-509-5000

Fax

 

Other Address-Suncheon Branch

San 89-8, Jorye-dong, Suncheon-si, Jeollanam-do, Korea

Tel

+82-61-720-5800

Fax

 

Other Address-Ulsan Branch

1360-3, Dal-dong, Nam-gu, Ulsan, Korea

Tel

+82-52-228-5000

Fax

 

Other Address-Goejeong Branch

961-1, Goejeong 3-dong, Saha-gu, Busan, Korea

Tel

+82-51-209-5000

Fax

 

Other Address-Changwon Branch

30-1, Paryong-dong, Changwon-si, Gyeongsangnam-do, Korea

Tel

+82-55-270-7000

Fax

 

Other Address-Ulsan Seongnam Branch

249-1, Seongnam-dong, Jung-gu, Ulsan, Korea

Tel

+82-52-210-5000

Fax

 

Other Address-Ansan Branch

533, Gojan 2-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Tel

+82-31-8040-8500

Fax

 

Other Address-Pyungchon Branch

1039-3, Hogye-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-380-7777

Fax

 

Other Address-Ilsan Branch

797-2, Madu-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-900-5000

Fax

 

Other Address-Yatop Branch

357-1, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-780-3000

Fax

 

Other Address-Incheon Branch

1465-1, Guwol-dong, Namdong-gu, Incheon, Korea

Tel

+82-32-430-5000

Fax

 

Other Address-Pyeongtaek Branch

830, Bijeon 2-dong, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-650-6000

Fax

 

Other Address- Sanbon Branch

1231, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea

Tel

+82-31-390-5000

Fax

 

Other Address-Dong Suwon Branch

1114-1, Ingye-dong, Paldal-gu, Suwon-si, Gyeonggi-do, Korea

Tel

+82-31-231-6000

Fax

 

Other Address-Gwangmyeong Branch

38, Haan 1-dong, Gwangmyeong-si, Gyeonggi-do, Korea

Tel

+82-2-3397-2500

Fax

 

Type

Import/Export

Industry

Retail Sale in Other Non-Specialized Large Stores

  Main Business

Department Store Operation Services, Retail Sail Large Stores

  Sub Business

 

Established (mm/dd/yyyy)

12/22/1978

The Subject owns the premises of registered HQ address, Pyeongtaek Branch and Suncheon Branch.

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Distribution(80141700)

Sell

Domestic Appliances and Supplies and Consumer Electronic Products(52000000)

Sell

Hotels(90111501)

 

CEO’s

 

Name

Yoon Yeo-Young

Address

 

Date of Birth

01/12/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

163,745,905,000

Employees

4,212

Formation

Co., Ltd by shares

A Company of E-LAND GROUP

Bank Details

Shinhan Bank

Kookmin Bank

Hana Bank

Woori Bank-Seoul Station Branch

SC First Bank of Korea-Shinbanpo Branch

Korea Exchange Bank-Shinchon Branch

Corporate Registered No.

110111-0243800

Business Registered No.

114-81-01855

Permit & Licenses

Int’l Trade No.: 45189917

Shareholder Position

Name

Shares

%

ELAND WORLD LTD.(110111-0365797)

24,424,054

74.58

OFFICE OF POSTAL SERVICE

2,695,000

8.23

MILITARY MUTUAL AID ASSOCIATION(114271-0001876)

1,925,000

5.88

TREASURY STOCK

352,555

1.08

OTHERS

3,352,572

10.24

TOTAL

32,749,181

100.00

Company History

12/22/1978 Incorporated as HANSHIN EDUCATION DEVELOPMENT CO., LTD.

01/1984 Changed company name to the present name

12/03/1999 Approved of the Corporate Clearing Procedure by Seoul District Court

12/30/2003 Approved of the Revised Corporate Clearing Plan by Seoul District Court

06/15/2004 Completed the Corporate Clearing Procedure

05/14/2008 The Subject and ELAND WORLD LTD(110111-0365797) has signed the agreement to transfer the shares of ELAND RETAIL LIMITED(120111-0402412) to SAMSUNG TESCO CO., LTD.(110111-1684037)

08/31/2009 Merged Distribution Business of E LAND WORLD CO., LTD., and changed company name to the present name

05/2010 Acquired Distribution Business from HWASUNG INDUSTRIAL CO., LTD.(170111-0001131)

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Date of Birth

President & CEO

Mr.

Yoon Yeo-Young

Male

Korean

1965.01.12

Executive Director

Mr.

Kim Yeon-Bae

Male

Korean

1960.09

Director

Mr.

Kim Il-Kyu

Male

Korean

1958.02.20

Director & CFO

Mr.

Kim Bo-Gerl

Male

Korean

1965.09.24

Vice President & Group CFO

Mr.

Kim Dong-Geon

Male

Korean

1962.03

Auditor & Group CSO

Mr.

Lee Kyu-Jin

Male

Korean

1964.03.05

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)03/2014

490,591,028,158

2,557,744,388,449

28,797,982,969

(*)2013

1,985,727,970,215

2,448,160,457,518

77,710,703,391

(*)2012

1,891,075,978,368

2,180,080,199,142

49,696,400,740

(*)2011

1,799,341,559,557

2,112,787,471,063

131,424,450,044

(*)2010

1,491,444,653,693

1,748,691,756,963

27,979,230,442

2009

932,497,282,696

1,282,178,566,007

31,336,087,894

2008

703,595,518,122

1,262,678,210,242

25,794,718,992

2007

730,352,722,854

934,709,048,822

-90,687,849,814

2006

739,045,661,802

1,031,015,762,482

8,075,106,034

2005

566,214,902,413

876,429,256,904

70,509,874,470

2004

407,862,877,754

986,261,890,640

94,984,691,880

2003

481,934,949,485

1,538,337,671,290

274,822,446,794

(*)Figures are based on the K-IFRS Accounting System.

 

Financial Description

 

Authorized Capital(KRW)

461,493,350,000

Paid-Up Capital(KRW)

163,745,905,000

Total Issues Shares

32,749,181 (Common: 25,047,851 / Preferable: 7,701,330)

 

Balance Sheet

Unit : Korean Won

01/01/2014~03/31/2014

As of 12/31/2013

As of 12/31/2012

Total Assets

2,557,744,388,449

2,448,160,457,518

2,180,080,199,142

Current Assets

506,210,926,639

482,395,778,439

514,697,539,596

Cash & Cash Equivalents

37,453,070,686

19,344,182,587

25,531,923,652

Current Financial Instruments

38,276,970,356

34,766,990,656

32,467,360,882

Marketable Financial Instruments

2,529,554,800

2,536,520,700

1,358,999,950

Trade Receivables & Other Receivables

137,944,876,069

140,294,463,361

172,715,288,813

Inventories

258,101,184,366

250,113,360,470

244,031,352,847

Other Current Assets

31,905,270,362

35,340,260,665

38,592,613,452

Non-Current Assets

2,051,533,461,810

1,965,764,679,079

1,665,382,659,546

Non-Current Financial Instruments

25,215,416,355

25,702,201,204

28,187,765,297

Non-Current Marketable Financial Instruments

2,590,057,000

2,590,057,000

1,805,560,000

Long-Term Trade Receivables & Other Receivables

170,104,962,189

171,062,120,383

138,430,093,060

Investment_Related Companies

305,172,850,439

305,172,850,439

204,387,270,004

Tangibles

1,462,430,040,506

1,377,960,564,786

1,208,866,658,625

Intangibles

7,292,109,668

7,397,115,383

8,241,824,082

Investment_Real Estates

25,622,578,648

25,683,262,635

25,992,142,042

Other Non-Current Assets

53,105,447,005

50,196,507,249

49,471,346,436

Total Liabilities

1,785,411,138,822

1,687,029,712,966

1,469,804,979,744

Current Liabilities

1,324,375,931,547

1,095,798,046,142

926,912,664,366

Trade Payables & Other Payables

366,480,356,406

389,854,273,034

386,939,047,985

Short-Term Borrowings

905,361,950,578

623,482,247,877

491,259,121,487

Accrued Income Tax

27,357,045,390

55,779,471,145

12,213,792,656

Current Portion of Provisions

9,333,550,914

8,474,168,193

8,137,204,550

Other Finance Liabilities

250,987,475

453,962,561

171,389,262

Other Current Liabilities

15,592,040,784

17,753,923,332

28,192,108,426

Non-Current Liabilities

461,035,207,275

591,231,666,824

542,892,315,378

Long-Term Trade Payables & Other Payables

25,849,655,334

26,257,247,743

25,823,147,000

Long-Term Borrowings

404,449,514,578

532,061,551,578

487,056,698,095

Deferred Income Tax Credit

3,462,256,661

6,428,646,096

6,306,807,555

Other Financial Debts

-

101,079,452

1,104,450,016

Other Non-Current Debts

27,273,780,702

26,383,141,955

22,601,212,712

Capital Stock

163,745,905,000

163,745,905,000

163,745,905,000

Capital Surplus

99,942,427,344

99,942,427,344

99,942,427,344

Profit Surplus

478,952,872,679

467,833,146,174

417,403,963,474

Others

29,692,044,604

29,609,266,034

29,182,923,580

Total Equity

772,333,249,627

761,130,744,552

710,275,219,398

Liab. & Shareholder’s Equity

2,557,744,388,449

2,448,160,457,518

2,180,080,199,142

 

Income Statement

Unit : Korean Won

01/01/2014~03/31/2014

As of 12/31/2013

As of 12/31/2012

Sales

490,591,028,158

1,985,727,970,215

1,891,075,978,368

Cost of Sold Goods

221,481,857,706

882,230,860,228

872,097,185,486

Gross Profit

269,109,170,452

1,103,497,109,987

1,018,978,792,882

Selling & Admin. Expenses

217,759,170,985

904,960,537,967

873,751,918,720

Operating Income

51,349,999,467

198,536,572,020

145,226,874,162

Other Income

3,132,668,169

14,755,813,141

18,428,852,403

Other Expenses

2,454,029,146

12,369,822,244

26,860,257,521

Finance Income

3,233,707,509

15,390,231,993

17,433,503,667

Finance Expenses

17,951,411,356

67,215,899,816

78,837,350,117

Income Before Taxes

37,310,934,643

149,096,895,094

75,391,622,594

Income Taxes Expenses

8,512,951,674

71,386,191,703

25,695,221,854

Net Income

28,797,982,969

77,710,703,391

49,696,400,740

 

Cash Flows

Unit : Korean Won

01/01/2014~03/31/2014

As of 12/31/2013

As of 12/31/2012

Operating Activities Cash Flows

-13,182,515,181

3,776,342,463

51,278,852,846

Cash Flows from Operating

40,036,359,571

13,121,061,963

178,230,782,280

Interests Received

1,307,200,628

2,125,583,203

4,248,737,548

Interests Paid

-17,196,257,816

-12,770,479,924

-78,718,265,584

Dividends Received

2,598,377,286

2,093,216,051

6,867,200,937

Income Taxes

-39,928,194,850

-793,038,830

-59,349,602,335

Cash Flows from Investing

-104,751,879,313

-88,755,586,756

-137,581,468,114

Cash Flows from Financing

136,043,775,537

125,066,095,872

42,170,297,088

Increase/Decrease in Cash

18,109,381,043

40,086,851,579

-44,132,318,180

Cash at the Beginning of Year

19,344,182,587

25,531,923,652

69,664,241,832

Cash at the End of Year

37,453,070,686

65,618,775,231

25,531,923,652

 

Products, Technologies, Services Description

 

Main Products & Services

Department Store Operation Services, Retail Sail Large Stores, Outlet Operation, Hotel Operation

 

Brand Name : Kim’s Club, NewCore Outlet, NC Department Store

Detailed Products Spec.

 

Technologies Acquired

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

SHINSEGAE CO., LTD.

52-5, CHUNGMURO 1-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-727-1234  FAX:+82-2-727-1189

 

SHINSEGAE MART CO., LTD.

7TH FL., KUKDONG BLDG., 60-1, CHUNGMURO 3-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-3468-1234  FAX:+82-2-3468-1049

 

COSTCO WHOLESALE KOREA INC.

COSTCO KOREA BLDG., 65, YANGPYEONGDONG 3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-2679-1234  FAX:+82-2-2630-2633

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

E-LAND CO., LTD.(110111-0536859)

NETISHION.COM CO., LTD.(110111-0409858)

DECO CO., LTD.(110111-0242985)

C&C MOKSAN CO., LTD.(110111-3894999)

GLOBAL SPORTS CO., LTD.(110111-2111386)

E-LAND WORLD CO., LTD.(110111-0365797)

E-LAND DEVELOPMENT CO., LTD.(110111-0841688)

LEAD CO., LTD.(110111-0723555)

E-LAND SYSTEMS CO., LTD.(110111-0747224)

FRANCIA CO., LTD.(120111-0101733)

LEADON CO., LTD.(110111-2999352)

WINE CASTLE CO., LTD.(134211-0080103)

E-SERBIZ CO., LTD.(110111-3656688)

FREMONT CO., LTD.(110111-3683251)

ELAND CHINA FASHION DESIGN CO., LTD.(110111-3814020)

E-LAND FOUNDATION(114222-0005912)

 

KIMS CLUB MART CO., LTD.(110111-0167498)

(98.68% held by the subject company)

 

E-LAND LEISURVICE CO., LTD.(144411-0000098)

(61.42% held by the subject company)

Overseas Office

 

Liaison Office

 

Overseas Branch

 

Joint Venture

 

Subsidiary

ELAND PARK LIMITED(144411-0000098)

(85.2% held by the subject company)

 

E-WORLD CO., LTD.(170111-0290867)

(76.2% held by the subject company)

 

WINE CASTLE LIMITED(134211-0080103)

(100.0% held by the subject company)

 

ELACANTO CO., LTD.(134211-0001183)

(100.0% held by the subject company)

 

MATNURI CO., LTD.(KOREA)

(90.0% held by the subject company)

 

KOWUN JOKYUNG CO., LTD.(KOREA)

(100.0% held by the subject company)

 

AEWOL INT'L CULTURE COMPLEX CO., LTD.(224111-0021514 )

(87.0% held by the subject company)

 

ELAND CRUISE CO., LTD.(110111-1005407)

(80.5% held by the subject company)

 

TOURMALL CO., LTD.(KOREA)

(100.0% held by the subject company)

 

DOM ARTHALL CO., LTD.(KOREA)

(100.0% held by the subject company)

 

YEJI SILUP CO., LTD.(115411-0000811)

(50.0% held by the subject company)

 

MICRONESIA RESORT, INC.(SAIPAN)

(99.7% held by the subject company)

 

PACIFIC RESORTS SAIPAN LTD.(SAIPAN)

(100.0% held by the subject company)

 

INTERPACIFIC RESORTS (SAIPAN) CORP

(100.0% held by the subject company)

 

CONSULTANT INTERNATIONAL(SAIPAN)

(100.0% held by the subject company)

 

SUWASO CORPORATION(SAIPAN)

(80.0% held by the subject company)

Corporate Ownership

ELAND WORLD LTD.(110111-0365797)

Major Shareholders

ELAND WORLD LTD.(110111-0365797)

Cooperative Enterprise

-Insured Company

DONGBU INSURANCE CO., LTD.(110111-0095285)

SAMSUNG LIFE INSURANCE CO., LTD.(110111-0005953)

 

Sales by Region (Activity & Markets)

 

Sales/ Unit :Mil KRW

2011

2010

2009

Export

　-

-

-

Domestic

 1,689,270

1,502,002

867,972

Others

110,071

98,948

64,525

Total

1,799,342

1,491,445

932,497

Not Available.

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (Thousand KRW)

Status

 

Supreme Court

The Subject Company

Sannaedeol Meat Products Co., Ltd.

Claim for Promisary Notes

 265,834

3rd Round Proceeding

 

Seoul High Court

The Subject Company

Ku Sa-Ju & Others(4)

Claim for Damages

 238,600

2nd Round Proceeding

 

Seoul Central District Court

The Subject Company

SAMSUNG CARD CO., LTD & Others(5)

Claim for Loan

500,000

1st Round Proceeding

 

Seoul Seobu District Court

The Subject Company

Labour Union & Others(12)

Claim for Damages

500,000

1st Round Proceeding

 

Seoul Central District Court

The Subject Company

Ye Jae-Ho

Claim for Damages

437,700

1st Round Proceeding

 

Seoul Central District Court

The Subject Company

Pentagon City

Claim for Agreed Amount

120,000

1st Round Proceeding

 

Seoul Central District Court

The Subject Company

Song Chi-Hoon

Auction

300,000

1st Round Proceeding

 

Supreme Court

New Town Construction Co., Ltd.

The Subject Company

Executing the Clearing Debts

1,278,710

3rd Round Proceeding

 

Daegu District Court

Daemin Chimjang Co., Ltd.

The Subject Company

Claim for Damages

619,419

1st Round Proceeding

 

Seoul High Court

Jung Jung-Ja

The Subject Company

Claim for Paid Amount

220,386

2nd Round Proceeding

 

Seoul High Court

New Town Construction Co., Ltd.

The Subject Company

Claim for Damages

23,327,466

2nd Round Proceeding

 

Seoul Central District Court

Burberry

The Subject Company

Infringement on the Trade Mark

200,000

1st Round Proceeding

 

Suwon District Court

HiCHEM co., Ltd.

The Subject Company

Refund of Inappropriate Amount

98,970

1st Round Proceeding

 

Seoul Central District Court

Representative of Gonjiam

The Subject Company

Claim for Repairing

101,000

1st Round Proceeding

 

Seoul Central District Court

O.N. CO., LTD.

The Subject Company

Refund on contractual money

4,000,000

1st Round Proceeding

 

Changwon District Court

Choi Gwui-Ja

The Subject Company

Transferring the buildings

489

1st Round Proceeding

 

Incheon District Court

HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893)

The Subject Company

Claim for Compensation

115,396

1st Round Proceeding

 

Changwon District Court

Jung Yeon-Ok & Others(1)

The Subject Company

Transferring the buildings

1,002

1st Round Proceeding

 

Seoul Central District Court

Hyundae Construction Machinery Co., Ltd.

The Subject Company

Claim for Loans

402,500

1st Round Proceeding

 

Seoul Central District Court

In Line Co., Ltd.

The Subject Company

Transferring the co-equity right

6,866,864

1st Round Proceeding

 

Incheon District Court

Daum Co., Ltd.

The Subject Company

Claim for Compensation

17,673

1st Round Proceeding

 

Seoul Central District Court

Edwin Co., Ltd.

The Subject Company

Claim for Collected Money

25,018

1st Round Proceeding

 

Seoul Central District Court

Kim Jae-Sung

The Subject Company

Claim for Damages

35,200

1st Round Proceeding

 

Seoul Central District Court

Sihopecs Co., Ltd. & Others(1)

The Subject Company

-

10,490

1st Round Proceeding

 

Suwon District Court

Ye Jae-Ho

The Subject Company

Provisional Disposition

-

1st Round Proceeding

There are cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 716,000,000 KRW and cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 12,302,000,000 KRW as of 12/31/2013.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.00

UK Pound

1

Rs.102.19

Euro

1

Rs.80.68

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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

 

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NB

 

New Business

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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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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