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Report Date : |
22.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAEWON CORP. |
|
|
|
|
Registered Office : |
88, Sinwon-ro, Yeongtong-gu, Suwon-si, |
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Country : |
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|
|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.02.2009 |
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Com. Reg. No.: |
135-86-01221 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Basic Metals like Hot Coil, Cold Rolled Coil, Steel Plate |
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|
|
|
No of Employees : |
4 |
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 : |
Slow but correct |
|
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
|
Company Name |
DAEWON CORP. (Korean Company Name : “(주)대원코프”) |
|
Registered Address |
88, Sinwon-ro, Yeongtong-gu, Suwon-si, |
|
Building |
Rm.103-1213, Digital Empire 2 |
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Zip Code |
443-734 |
|
Tel |
+82-31-695-6641~2 |
|
Fax |
+82-31-695-6640 |
|
E-mail |
m-youn@daewoncorp.co.kr;sophia@daewoncorp.co.kr;cwyoun824@naver.com |
|
Website |
www.daewoncorp.co.kr |
|
Trading Address |
Rm.103-1213, Digital Empire 2, 88, Sinwon-ro, Yeongtong-gu, Suwon-si, (Old Address System : Rm.103-1213, Digital Empire 2, 486, Sin-dong,
Yeongtong-gu ,Suwon-si, |
|
Tel |
+82-31-236-4395 |
|
Fax |
+82-31-236-4462 |
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Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Wholesale of Basic Metals |
|
Main Business |
Hot Coil, Cold Rolled Coil, Steel Plate |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
02/01/2009 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Iron plate(30102203) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Steel sheet(30102504) |
|
Sell |
Steel coil(30101904) |
|
Name |
Youn Kun-Won |
|
Address |
Suite 908-1902, 21-12, Dongtangongwon-ro, Hwaseong-si,
|
|
Date of Birth |
12/08/1972 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
|
Employees |
4 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
135811-0162049 |
|
Business Registered No. |
135-86-01221 |
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Permit & Licenses |
Int’l Trade No: 306420 |
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Shareholder Position |
N/A |
|
Company History |
01/29/2009 Incorporated as the present name
from GAT CORP.(Sole Proprietorship) 03/25/2009 Increased the authorized shares
to 200,000 shares from 40,000 shares 03/25/2009 Moved to the present HQ address
from Rm.
305, Pyeongeun Bldg., 944-2, Ingye-dong, Paldal-gu, Suwon-si, 03/26/2009 Increased capital to 200,000,000 KRW from 50,000,000 KRW 12/24/2011 Increased capital to 500,000,000 KRW from 300,000,000 KRW |
|
|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Youn Keun-Won |
Male |
Korean |
01/29/2009 |
|
Director |
M/S. |
Youn Keun-Ok |
Female |
Korean |
03/02/2009 |
|
Auditor |
Mr. |
Lee Young-Soo |
Male |
Korean |
03/02/2009 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
7,227,986,000 |
1,938,773,000 |
174,463,000 |
|
|
2012 |
4,183,492,000 |
2,623,739,000 |
-157,587,000 |
|
2011 |
7,555,748,000 |
2,033,985,000 |
13,256,000 |
|
Authorized Capital(KRW) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
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Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
1,938,773,000 |
2,623,739,000 |
2,033,985,000 |
|
Current Assets |
1,612,028,000 |
2,285,342,000 |
1,658,401,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
326,745,000 |
338,397,000 |
375,584,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
1,240,317,000 |
2,099,746,000 |
1,352,229,000 |
|
Current Liabilities |
271,317,000 |
2,099,746,000 |
42,229,000 |
|
Fixed Liabilities |
969,000,000 |
- |
1,310,000,000 |
|
Capital Stock |
500,000,000 |
500,000,000 |
500,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
198,456,000 |
23,993,000 |
181,756,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
698,456,000 |
523,993,000 |
681,756,000 |
|
Liab. & Shareholder’s Equity |
1,938,773,000 |
2,623,739,000 |
2,033,985,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
7,227,986,000 |
4,183,492,000 |
7,555,748,000 |
|
Cost of Sold Goods |
6,745,370,000 |
4,022,468,000 |
6,941,599,000 |
|
Gross Profit |
482,616,000 |
161,024,000 |
614,149,000 |
|
Selling & Admin. Expenses |
249,478,000 |
243,334,000 |
597,719,000 |
|
Operating Income |
233,138,000 |
-82,310,000 |
16,430,000 |
|
Non-Operating Income |
44,637,000 |
10,615,000 |
118,024,000 |
|
Non-Operating Expenses |
103,312,000 |
83,133,000 |
114,807,000 |
|
Income Before Taxes |
174,463,000 |
-154,828,000 |
19,647,000 |
|
Income Taxes Expenses |
- |
2,759,000 |
6,391,000 |
|
Net Income |
174,463,000 |
-157,587,000 |
13,256,000 |
|
Main Products & Services |
Cold Rolled Steel Sheet Electric Galvanized Steel Sheet Hot-Dip Galvanized Steel Sheet Hot Rolled Plate Deformed Bars H-Beam |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
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Competitors |
HAN YANG STEEL IND. CO., LTD. 472-2, JAKJEON 2-DONG, GYEYANG-GU, TEL:+82-32-547-5540 FAX:+82-32-549-7914 KUNYOUNG STEEL CO., LTD. 381-13, JEONGJA 1-DONG, JANGAN-GU,
SUWON-SI, TEL:+82-31-244-9998 FAX:+82-31-244-9968 P & S KOREA CO., LTD. 3RD FL., HI-SENSE BLDG., 1688-17, SEOCHO
1-DONG, SEOCHO-GU, TEL:+82-2-3474-3933 FAX:+82-2-3474-3936 |
The Subject exports to South East Asia, East
Europe and Middle East including
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
-- |
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.