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Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
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Name : |
DOOKANG ENG CO., LTD. |
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Formerly Known As : |
DOOKANG CO., LTD. |
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Registered Office : |
356, Maehwaguin-ro, Jangan-myeon, Boeun-gun, Chungcheongbuk-do, Korea
376-841 |
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Country : |
South Korea |
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Date of Incorporation : |
09.06.2005 06.09.2005 |
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Com. Reg. No.: |
302-81-15825 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Construction and
Mining Machinery and Equipment like Steel
Structure, Construction Equipment & Parts, H-Beam Construction,
Machinery, Plant Business |
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No of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
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 |
|
Company Name |
DOOKANG ENG CO.,
LTD. (Korean Company Name : “두강엔지니어링(주)”) |
|
Registered Address |
356, Maehwaguin-ro, Jangan-myeon, Boeun-gun, Chungcheongbuk-do, Korea |
|
Building |
|
|
Zip Code |
376-841 |
|
Tel |
+82-43-542-2471 |
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Fax |
+82-43-543-3318 |
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E-mail |
|
|
Website |
|
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Trading Address |
356, Maehwaguin-ro, Jangan-myeon, Boeun-gun, Chungcheongbuk-do, Korea (Old Address System : 182-12, Gu-in-ri,
Jangan-myeon, Boeun-gun, Chungcheongbuk-do, Korea) |
|
Tel |
+82-43-542-2471 |
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Fax |
+82-43-543-3318 |
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Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Construction and
Mining Machinery and Equipment |
|
Main Business |
Steel Structure, Construction Equipment
& Parts, H-Beam Construction, Machinery, Plant Business |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
09/06/2005 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Construction Equipment & Parts |
|
Sell |
H-Beam Construction |
|
Sell |
Steel Structure |
|
Name |
You Jae-Sang |
|
Address |
355, Maehwaguin-ro, Jangan-myeon, Boeun-gun,
Chungcheongbuk-do, Korea |
|
Date of Birth |
09/01/1959 |
|
Title |
Representative Director / Trustee |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
350,000,000 |
|
Employees |
15 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
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Corporate Registered No. |
154111-0005125 |
|
Business Registered No. |
302-81-15825 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
09/06/2005 Incorporated as JUNJIN CO., LTD. 11/05/2005 Moved to the present HQ address
from 22-4, Gilsang-ri, Boeun-eup, Boeun-gun, Chungcheongbuk-do, Korea 05/12/2006 Increased the authorized shares
to 500,000 shares from 40,000 shares 05/26/2006 Increased capital to 350,000,000
KRW from 100,000,000 KRW 07/27/2006 Changed company name to DOOKANG
CO., LTD. 08/23/2007 Changed company name to the
present name 03/24/2014 Decided to start Corporate
Reviving Procedure (2014HOIHAP3) by the order of Chungju District Court,
Korea |
|
|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director / Trustee |
Mr. |
You Jae-Sang |
Male |
Korean |
12/31/2013 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
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2010 |
|
|
|
|
2009 |
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|
|
2008 |
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The financials are not available, and the
Subject Company does not have any obligations to release its financials to the
public.
|
Authorized Capital(KRW) |
2,500,000,000 |
|
Paid-Up Capital(KRW) |
350,000,000 |
|
Total Issued Shares |
70,000 |
|
Main Products & Services |
Steel Structure, Construction Equipment
& Parts, H-Beam Construction, Machinery, Plant Business |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Competitors |
DOOSAN INFRACORE CO., LTD. 7-11, HWASU 1-DONG, DONG-GU, INCHEON, KOREA TEL:+82-32-211-1114 FAX:+82-32-211-1231 HYUNDAI HEAVY INDUSTRIES CO., LTD. 1, JEONHA 1-DONG, DONG-GU, ULSAN, KOREA TEL:+82-52-202-2114 FAX:+82-52-234-2565 SAMSUNG HEAVY INDUSTRIES CO., LTD. 35TH FL., SAMSUNG LIFE INSURANCE SEOCHO
TOWER, 1321-15, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3458-7000 FAX:+82-2-3458-7100 |
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
|
-- |
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.