MIRA
INFORM REPORT
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Report Date : |
25.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SHINHAN TRADING CO., LTD. |
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Registered Office : |
Rm. 1501, Samgu Bldg., 16-49, Hangangno
3-ga, Yongsan-gu, |
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Country : |
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Date of Incorporation : |
01.02.1996 |
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Com. Reg. No.: |
106-81-58885 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Materials for Recycling and Other Specialized Goods |
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 |
SHINHAN TRADING
CO., LTD. |
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Registered Address |
16-49, Hangangno 3-ga, Yongsan-gu, |
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Building |
Rm. 1501, Samgu Bldg. |
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Zip Code |
140-712 |
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Tel |
+82-2-713-0781 |
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Fax |
+82-2-705-1216 |
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Website |
www.shinhantrad.com |
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Trading Address |
Rm. 1501, Samgu Bldg., 16-49, Hangangno
3-ga, Yongsan-gu, |
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Tel |
+82-2-713-0781 |
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Fax |
+82-2-705-1216 |
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Type |
Import |
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Industry |
Wholesale of Materials for Recycling and Other Specialized Goods
n.e.c. |
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Main Business |
Insulating Paper |
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Established (mm/dd/yyyy) |
02/01/1996 |
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 |
Electrical insulators(39121721) |
CEO’s
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Name |
Kim Sun-Young |
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Address |
1119-3, Sanbon-dong, Gunpo-si, |
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Date of Birth |
04/06/1954 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
50,000,000 KRW |
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Employees |
7 |
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Formation |
Co., Ltd by shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-1238488 |
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Business Registered No. |
106-81-58885 |
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Permit & Licenses |
Int’l Trade No.: 11677455 |
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Shareholder Position |
N/A |
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Company History |
02/01/1996
Incorporated as the present name 11/04/1999 Moved
to the present HQ address from 1-3, Hangangno 3-ga, Yongsan-gu, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Kim Sun-Young |
Male |
Korean |
02/01/1996 |
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Director |
Mr. |
Kim Won-Young |
Male |
Korean |
07/11/2005 |
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Auditor |
M/S. |
Yang Hye-Ok |
Female |
Korean |
03/19/1998 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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2,325,000,000 |
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2006 |
2,571,000,000 |
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2005 |
2,325,000,000 |
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2004 |
2,372,000,000 |
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2003 |
3,444,000,000 |
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The 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 |
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 |
Insulating Paper |
Trade Partners
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Customers |
The Subject sells to manufacturers of
Condenser & current transformer. |
Sales by
Region (Activity &
Markets)
The Subject imports from
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)