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MIRA
INFORM REPORT
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Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
SEOK AM TRADING COMPANY (SATCO) |
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Registered Office : |
837-33,
Yeoksam 1-dong, Gangnam-gu, Seoul |
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Country : |
Korea |
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Date of Incorporation : |
21.04.1999 |
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Com. Reg. No.: |
128-06-75058 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale
of Other Machinery and Equipment n.e.c. |
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 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
SEOK AM
TRADING COMPANY (SATCO) (Korean Company Name :”석암통상”) |
|
Registered Address |
837-33, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
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Building |
Rm.
501, Young Place Bldg. |
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Zip Code |
135-937 |
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Tel |
+82-2-3288-8222 |
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Fax |
+82-2-3288-8223 |
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E-mail |
satco@lycos.co.kr |
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Trading
Address |
Rm. 501, Young Place Bldg., 837-33, Yeoksam
1-dong, Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-3288-8222 |
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Fax |
+82-2-3288-8223 |
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Type |
Export/Import |
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Industry |
Wholesale
of Other Machinery and Equipment n.e.c. |
|
Main
Business |
Heat
Exchanger Equipment, Chemical, Subsistence Commodities, Forging |
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Sub
Business |
Wholesale
of Other Chemical Materials and Chemical Products |
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Established (mm/dd/yyyy) |
04/21/1999 |
The Subject occupies the premises of registered HQ address by leasing
base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Heat
exchangers(40101802) |
CEO’s
|
Name |
Yun Soon-Joong |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
Not Applicable to the
Sole Proprietorship |
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Employees |
2 |
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Formation |
Sole Proprietorship |
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Bank Details |
N/A |
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Corporate
Registered No. |
Not Applicable to
the Sole Proprietorship |
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Business Registered
No. |
128-06-75058 |
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Permit &
Licenses |
Int’l Trade No. :
11635491 |
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Shareholder
Position |
The Owner has 100%
shares. |
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Company History |
04/21/1999
Established |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Co-Owner |
Mr. |
Yun Soon-Joong |
Male |
Korean |
04/21/1999 |
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Co-Owner |
Mr. |
Park Kook-Won |
Male |
Korean |
- |
Financials Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2006 |
300,000,000 |
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The latest & full
financial is not available, and the subject does not have any obligation to
releases its financials to the public.
Financial Description
Unit: KRW
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Authorized Capital |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital |
Not Applicable to the Sole Proprietorship |
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Total Issues Shares |
Not Applicable to the Sole Proprietorship |
Products, Technologies, Services
Description
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Main Products & Services |
Distribution
and Conditioning Systems and Equipment and Components Heating
and ventilation and air circulation Heating
equipment and parts and accessories Heat Exchanger Vessel Storage Tank Fin Tube Pipe & Tube Flange Bolt/Nut Fitting |
Trade
Partners
|
Suppliers |
DAECHANG HRSG
CORPORATION(230111-0055391) |
|
Customers |
MOUSA BAHAMAN EST
OF BAHMAN GROUP-KUWAIT |
Sales by
Region (Activity &
Markets)
The Subject exports to Japan and Middle East
including Kuwait.
Court
Action
Not Available.
News
Clipping
---
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.67 |
|
UK Pound |
1 |
Rs.80.92 |
|
Euro |
1 |
Rs.63.71 |
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 |
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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%)