MIRA
INFORM REPORT
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Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ID TRADING CO |
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Registered Office : |
656-1027, Seongsu-dong 1(il)-ga, Seongdong-gu, |
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Country : |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Basic
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Company
Name |
ID TRADING CO |
|
Registered Address |
656-1027, Seongsu-dong
1(il)-ga, Seongdong-gu, |
|
Zip Code |
133-110 |
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Tel |
+82-2-497-6108 |
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Fax |
+82-2-602-6107 |
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Trading Address |
656-1027, Seongsu-dong 1(il)-ga,
Seongdong-gu, |
|
Tel |
+82-2-497-6108 |
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Fax |
+82-2-602-6107 |
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Type |
Import |
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Established (mm/dd/yyyy) |
N/A |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
N/A |
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Sell |
N/A |
CEO’s
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Name |
Um Tae-Moon |
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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 |
1 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial Bank of Korea-Sungsu Dong
Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
N/A |
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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 |
N/A |
Due to lack of the information
on the Subject Company, we contacted them and interviewed with Mr. Um
Tae-Moon/The Owner. He confirmed of their basic contact information &
Company name. However he gently rejected to provide the relative information.
The subject phone
number, +82-2-497-6108, is shared with a company called as MARIO, which is
operating a shoe shop. In the question with the relations with the Subject
Company and MARIO, Mr. Um told us that he had worked for MARIO and he set up
the subject company.
In the research, the subject is not registered at Court Registry which
is supposed to register every Co., Ltd type of company. We speculate it as a Sole Proprietorship type of company.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Um Tae-Moon |
Male |
Korean |
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Financials
The financial is not available.
Products,
Technologies, Services
Description
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Main Products & Services |
In the interview, Mr. Um did not confirmed of
their business line, but we speculate they are importing the materials and
leather products from Asian countries including |
Sales by Region (Activity
& Markets)
The Subject Company imports from
Court Action
No.
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. |
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%)