MIRA INFORM REPORT

 

Report Date :

26th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

HA SEUNG R & D CO., LTD.

 

 

Registered Office :

237-107, Imun 3-Dong, Dongdaemun-Gu, Seoul, Korea.

 

 

Country :

Korea

 

 

Date of Incorporation :

18.01.2006

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Wholesale of Other Industrial Machinery and Equipment.

 

 

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 :

Usually Correct

 

 

Litigation :

Clear

 

 


 

Basic Information

 

Company Name

Ha Seung R & D Co., Ltd.

Address

237-107, Imun 3-dong, Dongdaemun-gu, SEOUL, KOREA

Zip Code

130-828

Tel

82-2-959-6118

Fax

82-2-959-6119

Type

Export/Import

Industry

Wholesale of Other Industrial Machinery and Equipment

Established

01/18/2006

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Industrial Machinery

Sell

Raw materials for button

 

 

Others

 

Name

Yoon Dong-Hee

Address

667-1, Inchang-dong, Guri-si, Gyeonggi-do 471-839 Korea

Date of Birth

02/02/1963

Title

President & CEO

Sex

Male

Nationality

Korean

Capital

50,000,000 KRW

Employees

3

Formation

Co., Ltd by shares

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Yoon Dong-Hee

Male

Korean

01/18/2006

Director

Mr.

Lee Ki-Ryeong

Male

Korean

01/18/2006

Auditor

Mr.

Park Jeong-Dae

Male

Korean

01/18/2006

 

 

Financial Description                            

 

         Unit: KRW

Authorized Capital

200,000,000

Paid-Up Capital

50,000,000

Total Issues Shares

10,000

 


 

Bank Details  

 

Woori Bank

Seok Kwan Dong Branch

 

 

Corporate Registered No.

 

110111-3382712

 

 

Business Registered No.   

 

N/A

 

 

Shareholder Position  

 

N/A

 

 

Company History

 

01/18/2006 Established

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

The subject exports the industrial machinery, and imports the raw materials for making button.

 


 

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

 

 

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%)

 

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