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Report Date : |
01.11.2014 |
IDENTIFICATION DETAILS
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Name : |
GOLDUST CORPORATION CO., LTD. |
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Formerly Known As : |
YONG & K PROJECT CO., LTD. |
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Registered Office : |
1121, Cheonho-daero, Gangdong-gu, Seoul, Korea |
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Country : |
South
Korea |
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Date of Incorporation : |
07.05.2009 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Event Agent Services, Advertisement, Movie and Performance Producing |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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. 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 |
GOLDUST CORPORATION CO., LTD. (Korean Company Name : “(주)골드스트”) |
|
Registered Address |
1121, Cheonho-daero, Gangdong-gu, Seoul, Korea |
|
Building |
Rm.502, Ace Tower |
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Zip Code |
134-814 |
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Tel |
N/A |
|
Fax |
N/A |
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E-mail |
jane428@hanmail.net |
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Website |
|
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Trading Address |
Rm.502, Ace Tower, 1121, Cheonho-daero, Gangdong-gu, Seoul, Korea (Old Address System : Rm.502, Ace Tower, 454-1, Gil-dong, Gangdong-gu,
Seoul, Korea) |
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Tel |
N/A |
|
Fax |
N/A |
|
Type |
Export/Import |
|
Industry |
Event Agent Services, Advertisement, Movie and Performance Producing |
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Main Business |
Event Agent Services, Advertisement, Movie and Performance Producing,
Brokerage of Minerals, Non-Ferrous Metals, Gold Products |
|
Established (mm/dd/yyyy) |
05/07/2009 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Event Agent Services |
|
Sell |
Movie and Performance Producing |
|
Sell |
Minerals |
CEO’s
|
Name |
Kang Ji-Won(Jane)(Mobile : +82-10-8610-3820) |
|
Address |
Suite 9-801, 392-13, Song-u-ri, Sohol-eup,
Pocheon-si, Gyeonggi-do, Korea |
|
Date of Birth |
04/28/1966 |
|
Title |
Representative Director |
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Sex |
Female |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
N/A |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Shinhan Bank(A/C No.: 100-02-9401-890) |
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Corporate Registered No. |
110111-4090968 |
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Business Registered No. |
105-87-30*** (The full
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 |
05/07/2009 Incorporated as Yong & K
Project Co., Ltd. 11/19/2010 Changed company name to the
present name 11/19/2010 Moved to the present HQ address
from 396-7, Hapjeong-dong, Mapo-gu, Seoul, Korea |
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|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
M/S. |
Kang Ji-Won(Jane) |
Female |
Korean |
11/19/2010 |
The 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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Event Agent Services, Advertisement, Movie and Performance Producing,
Brokerage of Minerals, Non-Ferrous Metals, Gold Products |
Sales by Region
(Activity & Markets)
Not Available.
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
UK Pound |
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
SHG |
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 |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.