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Report No. : |
310308 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
DALI TRADE CORP. |
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|
|
|
Registered Office : |
33, Mapo-Daero, Mapo-Gu, Seoul, Rm.O-712, Mapo Hanwha Obelisk Officetel 121-040 |
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|
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Country : |
South Korea |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
12.01.2009 |
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Com. Reg. No.: |
105-87-27324 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
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|
|
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No. of Employees : |
2 |
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 |
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|
|
|
Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
DALI TRADE CORP. |
|
Registered Address |
33, Mapo-daero, Mapo-gu, Seoul, Korea |
|
Building |
Rm.O-712, Mapo Hanwha Obelisk Officetel |
|
Zip Code |
121-040 |
|
Tel |
+82-70-8780-5652 |
|
Fax |
+82-2-6918-4627 |
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E-mail |
|
|
|
|
|
Trading Address |
Rm.O-712, Mapo Hanwha Obelisk Officetel,
33, Mapo-daero, Mapo-gu, Seoul, Korea (old Address System : Rm.O-712, Mapo
Hanwha Obelisk Officetel, 555, Dohwa-dong, Mapo-gu, Seoul,
Korea) |
|
Tel |
+82-70-8780-5652 |
|
Fax |
+82-2-6918-4627 |
|
|
|
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Propylene Glycol |
|
|
|
|
Established (mm/dd/yyyy) |
01/12/2009 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Alcohols or its substitutes(12352104) |
|
Name |
Lee Sang-Kyu |
|
Address |
Suite 501-303, 35, Hugok-ro, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
01/27/1964 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
2 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Industrial Bank of Korea |
|
Corporate Registered No. |
1101114-026814 |
|
Business Registered No. |
105-87-27324 |
|
Permit & Licenses |
Int’l Trade No.: 45366822 |
|
Shareholder Position |
N/A |
|
Company History |
01/12/2009 Incorporated as the present name 06/10/2011 Moved to the present HQ address
from Rm.O-704,
Mapo Hanwha Obelisk Officetel, 555, Dohwa-dong, Mapo-gu,
Seoul, Korea |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Lee Sang-Kyu |
Male |
Korean |
01/12/2009 |
|
Auditor |
M/S. |
Lee Kyung-Ok |
Female |
Korean |
03/30/2012 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
39,494,745,000 |
4,604,392,000 |
444,305,000 |
|
|
2012 |
34,322,120,000 |
4,494,385,000 |
795,835,000 |
|
2011 |
21,746,807,000 |
2,443,742,000 |
303,995,000 |
|
2010 |
15,959,403,000 |
1,055,293,000 |
136,161,000 |
|
2009 |
5,175,777,000 |
641,291,000 |
1,187,000 |
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
4,604,392,000 |
4,494,385,000 |
2,443,742,000 |
|
Current Assets |
|
|
|
|
-Quick Assets |
|
|
|
|
-Inventories |
|
|
|
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Fixed Assets |
|
|
|
|
-Investment |
|
|
|
|
-Tangibles |
|
|
|
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-Intangibles |
|
|
|
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Total Liabilities |
3,089,040,000 |
3,188,467,000 |
1,952,399,000 |
|
Current Liabilities |
|
|
|
|
Fixed Liabilities |
|
|
|
|
Capital Stock |
50,000,000 |
50,000,000 |
50,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
|
|
|
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Capital Adjustment |
|
|
|
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Total Equity |
1,515,352,000 |
1,305,918,000 |
491,343,000 |
|
Liab. & Shareholder’s Equity |
4,604,392,000 |
4,494,385,000 |
2,443,742,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
39,494,745,000 |
34,322,120,000 |
21,746,807,000 |
|
Cost of Sold Goods |
|
|
|
|
Gross Profit |
|
|
|
|
Selling & Admin. Expenses |
|
|
|
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Operating Income |
246,380,000 |
742,351,000 |
310,123,000 |
|
Non-Operating Income |
|
|
|
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Non-Operating expenses |
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|
|
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Income Before Taxes |
|
|
|
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Income Taxes Expenses |
|
|
|
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Net Income |
444,305,000 |
795,835,000 |
303,995,000 |
|
Main Products & Services |
Propylene Glycol |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Customers |
STANDARD MANUFACTURING COMPANY PVT LTD 4 DAYAL SINGH MANSION, SHAHRA-E-QUAID-E-AZAM,
LAHORE LANDMARKS: DAYAL SINGH MANSION, SHAHRA-E-QUAID-E-AZAM, PAKISTAN TEL:+92-42-37122558, 37122559, 37122560
FAX:+92-42-37233479 MARRIANA INTERNATIONAL ABDULLAH SQUARE, 43/1/H, BLOCK-6, MAIN RAZI
ROAD, P.E.C.H.S. KARACHI-75400, PAKISTAN TEL:+92-21-4536424-30 FAX:+92-21-4531717
& 4557379 |
|
Competitors |
YANGWOO CHEMICAL CO., LTD. RM. 702, KOREA CITY AIR TERMINAL, 159-6,
SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-551-1476 FAX:+82-2-551-1470 DONG RYUNG CHEMICALS CO., LTD. 5TH FL., SEHYEON BLDG., 1581-7, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-525-6060 FAX:+82-2-525-8080 ROK CHEM CORPORATION RM. 806, HYUNDAI UIBO APT., 642-33, GURO
1-DONG, GURO-GU, SEOUL, KOREA TEL:+82-70-4255-4884 FAX:+82-2-718-3309 |
The Subject exports
to Kuwait, Saudi Arabia and Pakistan.
Not Available.
----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NIT |
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 |
|
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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 |
|
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<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.