MIRA INFORM REPORT

 

 

 

Report Date :

10.10.2008

 

IDENTIFICATION DETAILS

 

Name :

SANG KONG YANG HAENG CO.

 

 

Registered Office :

285-1, Sangha-Dong, Giheung-Gu, Yongin-Si, Gyeonggi-Do

 

 

Country :

Korea

 

 

Date of Incorporation :

01.03.2000

 

 

Com. Reg. No.:

135-06-35879

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Manufacture of Medical Suppliers and Other Medical Textile Products

 

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

SANG KONG YANG HAENG CO.

(Korean Company Name : 상공양행”)

Registered Address

285-1, Sangha-dong, Giheung-gu, Yongin-si, Gyeonggi-do, Korea

Zip Code

446-514

Tel

+82-31-282-8318~9

Fax

+82-31-284-1247

Trading Address

285-1, Sangha-dong, Giheung-gu, Yongin-si, Gyeonggi-do, Korea

Tel

+82-31-261-8743

Fax

+82-31-284-1247

Type

Import/Export

Industry

Manufacture of Medical Suppliers and Other Medical Textile Products

  Main Business

Gauze Roller, Gauze, Applicator swabs, cotton balls

Established (mm/dd/yyyy)

01/03/2000

 

The Subject occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cotton ball or fiber(42141501)

Sell

Bandages or dressings for general use(42311505)

 

 

CEO’s

 

Name

Lee Seong-Yeob(+82-11-282-8318)

Address

A107-801, Suji Zai, Seongbok-dong, Suji-gu, Yongin-si, Gyeonggi-do, Korea

Date of Birth

12/28/1959

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

6

Formation

Sole Proprietorship

Bank Details

Shinhan Bank-Shingal Central Branch

412-18, Gugal-dong ,Giheung-gu ,Yongin-si, Gyeonggi-do, Korea

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

135-06-35879

Permit & Licenses

Kyungin District FDA License No.: 105 Ho

Shareholder Position

The Owner has 100% shares.

Company History

01/03/2000 Established as the present name

07/18/2005 The Authority has ordered to stop the manufacturing(Gauze 3-Ho/Gauze Roller) for 3 months from the negligence of the products’ quality control.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

Mr.

Lee Seong-Yeob

Male

Korean

01/03/2000

 

 

Financials

 

 

 

 

Unit: KRW

Year

Sales

Assets

Net income

2005

554,000,000

75,000,000

32,000,000

 

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

Authorized Capital

Not Applicable to the Sole Proprietorship

Paid-Up Capital

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Gauze Roller

Moist Wound Healing Gauze

Applicator swabs and cotton balls

 

 

Trade Partners

 

Customers

ASHIN PHARM CO., LTD. (110111-1669774)

1ST FL., VISION BLDG., 738-11, YONGDU-DONG, DONGDAEMUN-GU, SEOUL, KOREA

TEL:+82-2-926-2041~2  FAX:+82-2-926-2043

 

(*) The Subject sells its products major pharmacy stores, and internet shopping malls.

Competitors

DAESAN SILUP CO.

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Cooperative Enterprise

DONG AH CORPORATION

285-1, SANGHA-DONG, GIHEUNG-GU, YONGIN-SI, GYEONGGI-DO, KOREA

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

----


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.72

UK Pound

1

Rs.82.17

Euro

1

Rs.65.90

 

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