MIRA INFORM REPORT

 

 

Report Date :

10.10.2007

 

IDENTIFICATION DETAILS

 

Name :

SANG DO CO

 

 

Registered Office :

2104-2002, Kolon APT., Hatbit Maeul, 905, Haengsin-dong, Deokyang-gu, Goyang-si, Gyeonggi-do - 412-220

 

 

Country :

Korea

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Import

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

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

No Rating

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Basic

 

Company Name

SANG DO CO

Registered Address

2104-2002, Kolon APT., Hatbit Maeul, 905, Haengsin-dong, Deokyang-gu, Goyang-si, Gyeonggi-do, Korea

Zip Code

412-220

Tel

+82-31-971-2136

Fax

+82-31-971-0798

E-mail

bright0424@yahoo.com

Trading Address

2104-2002, Kolon APT., Hatbit Maeul, Haengsin-dong, Deokyang-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-971-2136

Fax

+82-31-971-0798

Warehouse

619-3, Sangdo-dong, Dongjak-gu, Seoul, Korea

Type

Import

Established (mm/dd/yyyy)

N/A

 

The owner of the registered address/premises is M/S. Ko Hee-Jeong since 03/16/2002. The address & premises are the residential area.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

N/A

 

 

CEO’s

 

Name

N/A

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

Hana Bank-Sangdo Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

N/A

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

N/A

 

Due to lack of the information, we have contacted the subject company directly. The owner’s wife received our call and confirmed of their basic contact information. However unless she knows who is about to get the information on her company, she rejected to open any information, even her husband/owner’s name.

 

In the interview with her, she maintains they have a warehouse at 619-3, Sangdo-dong, Dongjak-gu, Seoul, Korea. However we strongly speculate they really have it.

 

We have searched the subject company through the official sources including the Court Registry which is supposed to register in every Co., Ltd type of company.  However we could not identify the subject company. So we speculate it as a Sole Proprietorship type of company.

 

 

Management

 

Not Available.

 

 

Financials

 

The financial is not available.

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Not Available.

 

 

Sales by Region (Activity & Markets)

 

The Subject imports from Asian Countries including India.

 

 

Court Action

 

Not Available.

 

 

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.

 

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