|
Report Date : |
10.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAEHEUNG STONE CO., LTD. |
|
|
|
|
Registered Office : |
985, Chungseo-ro,
Ungcheon-eup, Boryeong-si, Chungcheongnam-do, Korea 355-854 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
31.12.2009 |
|
|
|
|
Com. Reg. No.: |
313-81-23188 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture,
Wholesales and Retails of Stone |
|
|
|
|
No. of Employees |
07 |
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
|
Company Name |
DAEHEUNG STONE CO., LTD. (Korean Company Name : “(주)대흥석재”) |
|
Registered
Address |
985,
Chungseo-ro, Ungcheon-eup, Boryeong-si, Chungcheongnam-do, Korea |
|
Building |
|
|
Zip Code |
355-854 |
|
Tel |
+82-41-933-2629 |
|
Fax |
+82-41-933-3802 |
|
E-mail |
|
|
Website |
www.dhs-stone.com |
|
Trading Address |
985, Chungseo-ro, Ungcheon-eup, Boryeong-si, Chungcheongnam-do, Korea (Old Address System : 40, Daecheon-ri, Ungcheon-eup, Boryeong-si, Chungcheongnam-do, Korea) |
|
Tel |
+82-41-933-2629 |
|
Fax |
+82-41-933-3802 |
|
Other Address-Siheung Office |
2723, Suin-ro, Siheung-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-314-0520 |
|
Fax |
+82-31-314-0522 |
|
Other Address-Gwangyang
Office |
23, Hangman
10-ro, Gwangyang-si, Jeollanam-do, Korea |
|
Tel |
+82-61-792-2629 |
|
Fax |
+82-61-793-3802 |
|
Other Address-Pyeongtaek Office |
510, Poseungjangan-ro, Poseung-eup, Pyeongtaek-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-681-2629 |
|
Fax |
+82-31-681-2630 |
|
Other Address-Daegu Office |
1510, Gyeongbuk-daero,
Gasan-myeon, Chilgok-gun, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-971-2688 |
|
Fax |
+82-54-971-2788 |
|
Type |
Export/Import |
|
Industry |
Manufacture,
Wholesales and Retails of Stone |
|
Main Business |
Marbles, Granites,
Stone, Construction Materials |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
12/31/2009 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Marble(11111605) |
|
Sell |
Stone(11111600) |
|
Sell |
Granite(11111604) |
|
Sell |
Masonry and stonework and tile setting(72102500) |
CEO’s
|
Name |
Lim Sung-Ja |
|
Address |
Suite 101-903,
9, Sangjik-gil, Siheung-si, Gyeonggi-do, Korea |
|
Date of Birth |
09/15/1962 |
|
Title |
President & CEO |
|
Sex |
Female |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
7 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate
Registered No. |
164511-0017120 |
|
Business
Registered No. |
313-81-23188 |
|
Permit & Licenses |
N/A |
|
Shareholder
Position |
N/A |
|
Company
History |
12/31/2009
Incorporated as the present name |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President & CEO |
M/S. |
Lim Sung-Ja |
Female |
Korean |
02/14/2013 |
|
Director |
Mr. |
Shin Joon-Sub |
Male |
Korean |
02/14/2013 |
|
Director |
M/S. |
Kim Mi-Ja |
Female |
Korean |
02/14/2013 |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
2012 |
3,906,649,000 |
2,080,965,000 |
173,986,000 |
|
2011 |
1,236,067,000 |
272,712,000 |
38,000,000 |
|
2010 |
799,116,000 |
102,806,000 |
574,000 |
The latest
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) |
400,000,000 |
|
Paid-Up
Capital(KRW) |
100,000,000 |
|
Total Issued
Shares |
10,000 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Total Assets |
2,080,965,000 |
272,712,000 |
102,806,000 |
|
Current Assets |
2,010,579,000 |
221,066,000 |
75,934,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
70,386,000 |
51,646,000 |
26,872,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total
Liabilities |
1,772,194,000 |
134,138,000 |
2,232,000 |
|
Current
Liabilities |
2,194,000 |
9,138,000 |
2,232,000 |
|
Fixed
Liabilities |
1,770,000,000 |
125,000,000 |
- |
|
Capital Stock |
100,000,000 |
100,000,000 |
100,000,000 |
|
Capital
Surplus |
- |
- |
- |
|
Profit Surplus |
208,771,000 |
38,574,000 |
574,000 |
|
Capital
Adjustment |
- |
- |
- |
|
Total Equity |
308,771,000 |
138,574,000 |
100,574,000 |
|
Liab. &
Shareholder’s Equity |
2,080,965,000 |
272,712,000 |
102,806,000 |
|
Income Statement |
|||
|
Unit : Korean
Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Sales |
3,906,649,000 |
1,236,067,000 |
799,116,000 |
|
Cost of Sold
Goods |
3,112,579,000 |
1,000,692,000 |
665,533,000 |
|
Gross Profit |
794,070,000 |
235,375,000 |
133,583,000 |
|
Selling &
Admin. Expenses |
615,402,000 |
197,388,000 |
133,017,000 |
|
Operating
Income |
178,668,000 |
37,987,000 |
566,000 |
|
Non-Operating
Income |
114,000 |
13,000 |
8,000 |
|
Non-Operating
Expenses |
3,065,000 |
- |
- |
|
Income Before
Taxes |
175,717,000 |
38,000,000 |
574,000 |
|
Income Taxes
Expenses |
1,731,000 |
- |
- |
|
Net Income |
173,986,000 |
38,000,000 |
574,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Marbles,
Granites, Stone, Construction Materials |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
ILSHIN STONE
CO., LTD. 6TH FL.,
SEOGYEONG BLDG., 539-3, SEONGNAE 1-DONG, GANGDONG-GU, SEOUL, KOREA TEL:+82-2-487-9009
FAX:+82-2-477-5278 ROLLING STONE
CO., LTD. 131-3,
GAMIL-DONG, HANAM-SI, GYEONGGI-DO, KOREA TEL:+82-70-7096-1000 FAX:+82-31-903-1495 DOOEUN MARBLE
& STONE CO., LTD. RM. 607, SESIN
COMPLEX, 66-2, UMYEON-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-572-3858 FAX:+82-2-572-4177 |
Sales by Region
(Activity & Markets)
The Subject
imports from China.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
|
-- |
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.