MIRA INFORM REPORT

 

 

Report Date :

29th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

SEOK AM TRADING COMPANY (SATCO)

 

 

Registered Office :

837-17, Yeoksam 1-Dong, Gangnam-Gu, Seoul, Korea

 

 

Country :

Korea

 

 

Date of Incorporation :

21.04.1999

 

 

Com. Reg. No.:

128-06-75058

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Other Machinery and Equipment n.e.c.

Heat Exchanger Equipment, Chemical, Subsistence Commodities

Wholesale of Industrial Basic Chemicals

                                                           

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Small Company

 

 

Payment Behaviour :

--

 

 

Litigation :

Clear

 

 


Basic Information

 

Company Name

Seok Am Trading Company (SATCO)

Address

837-17, Yeoksam 1-dong, Gangnam-gu, SEOUL, KOREA

Building

Rm. 603, Samsung Anytel

Zip Code

135-937

Tel

+82-2-3288-8222

Fax

+82-2-3288-8223

Type

Export/Import

Industry

Wholesale of Other Machinery and Equipment n.e.c.

Main Business

Heat Exchanger Equipment, Chemical, Subsistence Commodities

Sub Business

Wholesale of Industrial Basic Chemicals

Established

04/21/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Heat exchangers(40101802)

 

 

Others

 

Name

Yun Soon-Joong

Address

-

Date of Birth

-

Title

Owner

Sex

Male

Nationality

Korean

Capital

N/A

Employees

1

Formation

Sole Proprietorship

The subject deals with the companies in Kuwait and Japan. The subject information is very limited.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

Mr.

Yun Soon-Joong

Male

Korean

04/21/1999

 

 

Business Registered No.   

 

128-06-75058

 


 

Company History

 

04/21/1999 Established

 

 

Products, Technologies, Services Description

 

Main Products & Services

Distribution and Conditioning Systems and Equipment and Components

Heating and ventilation and air circulation

Heating equipment and parts and accessories

 


 

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