MIRA
INFORM REPORT
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Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
OCEAN TRADING CO. |
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Registered Office : |
# 102, HNL B/D., 488-11, Yeonnam-dong,
Mapo-gu, Seoul - 121-868 |
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Country : |
Korea |
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Date of Incorporation : |
03/15/1999 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Other Home Textile &
Fabric Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
OCEAN TRADING CO. |
|
Registered Address |
488-11, Yeonnam-dong, Mapo-gu, Seoul, Korea |
|
Building |
#102, HNL B/D. |
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Zip Code |
121-868 |
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Tel |
+82-2-336-6113 |
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Fax |
+82-2-336-6187 |
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E-mail |
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Trading Address |
#102, HNL B/D., 488-11, Yeonnam-dong,
Mapo-gu, Seoul, Korea |
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Tel |
+82-2-336-6113 |
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Fax |
+82-2-336-6187 |
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Type |
Import |
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Industry |
Wholesales of Other Home Textile &
Fabric Products |
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Main Business |
Mat for Bathroom |
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Established (mm/dd/yyyy) |
03/15/1999 |
The Subject occupies the premises of
registered address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Mat for Bathroom |
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Sell |
Other Textile Products for bathroom and hom |
CEO’s
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Name |
Park Sung-Woo |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
Not Applicable to
the Sole Proprietorship |
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Employees |
About 2~3 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial Bank of
Korea-Samjung Dong(Bucheon) Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
105-03-62428 |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
03/15/1999
Established We can not
confirm of the exact date, but the subject has moved to the present address
from 469-5, Seogyo-dong, Mapo-gu, Seoul, Korea. |
Due to the lack of the information, we
contacted to the subject company directly, and talked with Mr. Park Sung-Woo.
The landline of phone has been linked to Mr. Park’s mobile directly.
He confirmed of its basic information. He
added that he mainly imports the mats for bathroom from India, and wholesales
to the retailers and some interior companies including Hansem Interior Co.,
Ltd., which is one of well-known companies in Korea.
Personally, it is known that Mr. Park has
been worked for over 10 years in this business area.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Park Sung-Woo |
Male |
Korean |
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Financials
The financial is not available.
Products,
Technologies, Services
Description
|
Main
Products & Services |
Bathroom Mat, Other Fabric Products for
Home |
Trade Partners
|
Customers |
Hansem Interior |
Sales by Region (Activity
& Markets)
The Subject imports from India.
Court Action
Not Available.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)