MIRA
INFORM REPORT
|
Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SINSUNG TEXTILE
CO. |
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Registered Office : |
275-3, Daehak-ri, Hayang-eup, Gyeongsan-si, Gyeongsangbuk-do 712-901 |
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Country : |
Korea |
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Date of Incorporation : |
01.04.1995 |
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Com. Reg. No.: |
515-13-65733 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of Twisted Threads and Processing of Threads |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
SINSUNG TEXTILE
CO. (Korean Company
Name : “신성섬유”) |
|
Registered Address |
275-3, Daehak-ri, Hayang-eup,
Gyeongsan-si, Gyeongsangbuk-do, Korea |
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Zip Code |
712-901 |
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Tel |
+82-53-851-4342 |
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Fax |
+82-53-852-1432 |
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Trading Address |
275-3, Daehak-ri, Hayang-eup,
Gyeongsan-si, Gyeongsangbuk-do, Korea |
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Tel |
+82-53-851-4342 |
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Fax |
+82-53-852-1432 |
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Type |
Export |
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Industry |
Manufacture of Twisted Threads and Processing of Threads |
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Main Business |
Yarn |
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Established (mm/dd/yyyy) |
04/01/1995 |
Mr. Heo Dong-In owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Threads(11151600) |
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Sell |
Synthetic yarn(11151709) |
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Sell |
Yarns(11151700) |
CEO’s
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Name |
Heo Dong-In |
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Date of Birth |
06/14/1958 |
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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 |
4 |
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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. |
515-13-65733 |
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Permit & Licenses |
Int’l Trade No.: 13035347 |
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Shareholder Position |
The Owner has 100% shares. |
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Company History |
04/01/1995 Established as the present name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Heo Dong-In |
Male |
Korean |
04/01/1995 |
Financials
The financials are
not available, and the Subject Company does not have any obligations to release
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
|
Main
Products & Services |
Yarn |
Trade
Partners
|
Competitors |
SM TECH TEX CO., LTD. 394-1, YANGSAN-RI, BEOLGOK-MYEON,
NONSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-734-2511 FAX:+82-41-734-2411 DOWON TRADING CO., LTD. RM. 1317, KRANTZ TECHNO, 5442-1, SANGDAEWON
2-DONG, JUNGWON-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA TEL:+82-31-777-8939 FAX:+82-31-777-8941 WORLIGHT CO., LTD. 2ND FL., SEGWANG BLDG., 242-3, YANGJAE
2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-529-8464 FAX:+82-2-529-8463 |
Sales by
Region (Activity & Markets)
The Subject exports
to Bangladesh, India, Vietnam and South East Asia.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
|
UK Pound |
1 |
Rs.75.03 |
|
Euro |
1 |
Rs.63.14 |
RATING
EXPLANATIONS
|
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%)