MIRA
INFORM REPORT
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Report Date : |
12.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
S2 SYSTEMS INC. |
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Registered Office : |
201-257, Sangdo 4-dong, Dongjak-gu, Seoul 156-841 |
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Country : |
Korea |
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Date of Incorporation : |
05.24.2001 |
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Com. Reg. No.: |
605-81-46154 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Other Industrial Machinery and Equipment |
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 |
S2 SYSTEMS INC. (Korean Company Name: S2 INC.) |
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Registered Address |
201-257, Sangdo 4-dong, Dongjak-gu, Seoul,
Korea |
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Zip Code |
156-841 |
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Tel |
+82-2-552-9350~1 |
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Fax |
+82-505-552-9523 |
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E-mail |
webmaster@s2s.co.kr |
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Website |
www.s2s.co.kr |
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Trading Address |
201-257, Sangdo 4-dong, Dongjak-gu, Seoul,
Korea |
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Tel |
+82-2-552-9350~1 |
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Fax |
+82-505-552-9523 |
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Type |
Export |
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Industry |
Wholesale of Other Industrial Machinery and Equipment |
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Main Business |
Steel Coil Processing Line Equipment, Strapping |
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Sub Business |
Wholesale of Basic Metals |
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Established (mm/dd/yyyy) |
05/24/2001 |
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 |
Iron or steel making services(73121504) |
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Sell |
Packing Materials |
CEO’s
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Name |
Kim Eun-Hee |
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Address |
416, Sangdo-dong, Dongjak-gu, Seoul, Korea |
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Date of Birth |
11/03/1963 |
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Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
Profiles
|
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50,000,000 KRW |
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Employees |
5 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Daegu Bank-Seocho Dong Branch Korea Exchange Bank |
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Corporate Registered No. |
180111-0363216 |
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Business Registered No. |
605-81-46154 |
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Permit & Licenses |
Int’l Trade No.: 12141427 |
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Shareholder Position |
N/A |
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Company History |
05/24/2001 Incorporated as S2 SYSTEMS
INC. 07/15/2002 Moved to 64-1, Umyeon-dong,
Seocho-gu, Seoul, Korea from 1213-5, Choryang-dong, Dong-gu, Busan, Korea 10/11/2002 Moved to 713, Suseo-dong,
Gangnam-gu, Seoul, Korea 09/20/2003 Changed Korean company name to
S2 INC. 03/27/2006 Moved to the present HQ address
from 211, Sangdo 4-dong, Dongjak-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
M/S. |
Kim Eun-Hee |
Female |
Korean |
09/20/2003 |
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Director |
Mr. |
Kim Hee-Sung |
Male |
Korean |
03/27/2006 |
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Auditor |
Mr. |
Lee Byung-Kyu |
Male |
Korean |
09/20/2003 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2006 |
1,300,000,000 |
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2005 |
800,000,000 |
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2004 |
700,000,000 |
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2003 |
500,000,000 |
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The full & latest 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 |
200,000,000 |
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Paid-Up
Capital |
50,000,000 |
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Total Issues Shares |
10,000 |
Products, Technologies, Services
Description
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Main
Products & Services |
Steel Coil Processing Line Equipment, Strapping, Packing Materials |
Sales by
Region (Activity &
Markets)
The Subject exports to China, Germany, India, Saudi Arabia, South
Africa, Spain and USA.
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%)