MIRA INFORM REPORT

 

 

Report Date :

10th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

ASIA PACIFIC CO., LTD.

 

 

Registered Office :

255-1, Seohyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

 

 

Country :

Korea

 

 

Date of Incorporation :

11.04.2005

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Importer and Exporter of Food, Agricultural Products, Timber, Metal, Construction Materials, Chemicals.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 


Basic Information

 

Company Name

Asia Pacific Co., Ltd.

Address

255-1, Seohyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Building

B-2028, Poonglim I-Want Officetel

Zip Code

463-824

Tel

+82-31-783-6560

Fax

+82-31-783-6562

Type

Import/Export

Industry

Clothing, Fur, Leather

Main Business

Food, Agricultural Products, Timber, Metal, Construction Materials, Chemicals

Established

04/11/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Leather

Sell

Metal Products

Sell

Construction Materials

Sell

Chemicals

 

 

Others

 

Name

Song Jeong-Keun

Address

55, Bundang-dong, Bundang-gu, Seongnam-si, Gyeonggi-do 463-831 Korea

Date of Birth

11/22/1955

Title

Representative Director

Sex

Male

Nationality

Korean

Capital

50,000,000 KRW

Employees

Not available, but it seems less than three (3).

Formation

Co., Ltd by shares

The subject’s information is quite limited, so we contacted the subject directly, but one man did not want to open their information. We guess this man seems like Mr. Song Jeong-Keun.

According to the yellow book, the subject shares the phone number with the other company, called as Seo Lim Development Co., Ltd.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative Director

Mr.

Song Jeong-Keun

Male

Korean

04/11/2005

Auditor

Mr.

Kim Kap-Ryong

Male

New Zealand

04/11/2005

 

 

Financial Description                                                                                          Unit: KRW

Authorized Capital

200,000,000

Paid-Up Capital

50,000,000

Total Issues Shares

10,000

 

 

Bank Details

 

N/A

 

 

Corporate Registered No.

 

110111-3204859

 

 

Business Registered No.

 

N/A

 

 

Shareholder Position

 

N/A

 

 

Company History

 

04/11/2005 Established

02/13/2006 Moved to the present address from 1002-4, Sinwol-dong, Yangcheon-gu, Seoul, Korea

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions