MIRA
INFORM REPORT
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Report Date : |
23.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CORSNET CO. |
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Registered Office : |
Rm. 1411, Hanshin Bldg. 136-1, Mapo-dong, Mapo-gu, Seoul 121-736 |
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Country : |
Korea |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
105-11-32083 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of Basic Metals |
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 : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
CORSNET CO. |
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Registered Address |
136-1, Mapo-dong, Mapo-gu, Seoul, Korea |
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Building |
Rm. 1411, Hanshin Bldg. |
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Zip Code |
121-736 |
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Tel |
+82-2-6379-3500 |
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Fax |
+82-2-6379-3503 |
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E-mail |
cors@corsnet.com;hyt60@yahoo.co.kr |
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Website |
www.corsnet.com |
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Trading Address |
Rm. 1411, Hanshin Bldg., 136-1, Mapo-dong,
Mapo-gu, Seoul, Korea |
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Tel |
+82-2-6379-3500 |
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Fax |
+82-2-6379-3503 |
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Type |
Export |
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Industry |
Wholesale of Basic Metals |
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Main Business |
Steel, Nonferrous, Stainless Steel Welded Pipes, Coils, Sheets and
Carbon Steel |
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Established (mm/dd/yyyy) |
2004 |
The Subject
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Stainless steel pipe(40142117) |
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Sell |
Tube and tubing(31231300) |
CEO’s
|
Name |
Lee Soo-Young |
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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 |
10 |
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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. |
105-11-32083 |
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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 |
2004 Established
as the present name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Lee Soo-Young |
Male |
Korean |
2004 |
Financials
The 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
|
Main
Products & Services |
Stainless Steel Tubes for Machine and
structural Stainless Steel pipes for Ordinary pipes Stainless Steel sanitary Tubes Stainless Steel Boiler & Heat Exchanger
Tubes Stainless Steel capillary Tubes HS Code : 7219 Flat-rolled Products of
Stainless Steel, of a Width of 600mm or More |
Sales by
Region (Activity &
Markets)
The Subject exports to South East Asian Countries.
Court
Action
Not Available.
News
Clipping
--
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%)