MIRA INFORM REPORT

 

 

Report Date :

22.09.2007

 

IDENTIFICATION DETAILS

 

Name :

SHACCI SYSTEM CO., LTD.

 

 

Registered Office :

2FL., Segi B/D., 81-9, Nonhyeon 2-dong ,Gangnam-gu, Seoul - 135-818

 

 

Country :

Korea

 

 

Date of Incorporation :

04/15/2002

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Wholesales of Diamond and Marbles for Construction

 

 

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.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

SHACCI SYSTEM CO., LTD.

Registered Address

81-9, Nonhyeon 2-dong ,Gangnam-gu, Seoul, Korea

Building

2FL., Segi B/D.

Zip Code

135-818

Tel

+82-2-540-3690

Fax

+82-2-545-0952

Trading Address

2FL., Segi B/D., 81-9, Nonhyeon 2-dong ,Gangnam-gu, Seoul, Korea

Tel

+82-2-540-3690

Fax

+82-2-545-0952

Type

Import/Export

Industry

Wholesales of Diamond and Marbles for Construction

Established (mm/dd/yyyy)

04/15/2002

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Marble & Granite

Sell

Diamond and Jewelry

Sell

Chemicals

Sell

Electronic Products

 

 

CEO’s

 

Name

Mato Amit

Address

HN 3546, Jakanas, Ssahaka Rasta Bariori Jardarwaja Jayapuru India

Date of Birth

01/27/1980

Title

Representative Director

Sex

Male

Nationality

India

 

 

Profiles

 

Capital

100,000,000 KRW

Employees

1

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-2498239

Business Registered No.

211-87-12432

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

04/15/2002 Incorporated as the present name

07/29/2003 Moved to the present address from 82-15, Nonhyeon 2-dong ,Gangnam-gu, Seoul, Korea

11/11/2004 Increased capital to 100,000,000 KRW from 50,000,000 KRW

 

 

 

The Subject Company shares the premises with SHIWANGI TRADING CO., LTD.( 110111-1517543).

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative Director

Mr.

Mato Amit

Male

India

04/15/2002

Auditor

M/S.

Chang Keum-Sook

Female

Korean

04/15/2002

 

 

Financials

 

The financial is not available.

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Diamond

 

The Subject has been ranked as 26th importer of diamond as of 04/2006.

 

 

Sales by Region (Activity & Markets)

 

The Subject deals with the companies in 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