MIRA INFORM REPORT

 

 

Report Date :           

08.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SEUM CO., LTD.

 

 

Formerly Known As :

DAEWON YUTONG CO

 

 

Registered Office :

90, Jimun-ri, Wongok-myeon, Anseong-si, Gyeonggi-do, Korea, Zip Code 456-812

 

 

Country :

South Korea

 

 

Date of Incorporation :

17.06.2009

 

 

Com. Reg. No.:

142-81-20783

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Fruit and Vegetables

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

South korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Basic

 

Company Name

SEUM CO., LTD.

(Korean Company Name : “()세움”)

Registered Address

90, Jimun-ri, Wongok-myeon, Anseong-si, Gyeonggi-do, Korea

Zip Code

456-812

Tel

+82-31-655-6345

Fax

+82-31-655-6347

E-mail

k99121987@nate.com

Website

www.seumfoods.com

Trading Address

90, Jimun-ri, Wongok-myeon, Anseong-si, Gyeonggi-do, Korea

Tel

+82-31-655-6345

Fax

+82-31-655-6347

Type

Import

Industry

Wholesale of Fruit and Vegetables

  Main Business

Peanut, Walnut, Dried Fruits, Agricultural Products, Fishery Products, Food Products

Established (mm/dd/yyyy)

06/17/2009

The Subject owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Nuts or dried fruits(50192110)

 

 

CEO’s

 

Name

Kim Geun-Jung

Address

Suite 406-1304, 463, Sanggal-dong, Giheung-gu, Yongin-si, Gyeonggi-do, Korea

Date of Birth

07/22/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

800,000,000

Employees

14

Formation

Co., Ltd by shares

Bank Details

Shinhan Bank

Corporate Registered No.

134511-0140125

Business Registered No.

142-81-20783

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

1998 Established as DAEWON CORPORATION(Sole Proprietorship)

04/2006 Changed company name to DAEWON YUTONG CO.(Sole Proprietorship)

06/17/2009 Incorporated as the present name

01/15/2010 Moved to the present HQ address from 150-23, Buk-ri, Namsa-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Geun-Jung

Male

Korean

06/17/2010

Director

Mr.

Kim In-Bae

Male

Korean

06/17/2009

Auditor

M/S.

Lee Mi-Hwa

Female

Korean

06/17/2009

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

28,000,000,000

 

 

The full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

800,000,000

Paid-Up Capital(KRW)

800,000,000

Total Issues Shares

160,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Dried Fruits, Agricultural Products, Food Products

 

Brand Name : Everyday Nuts

 


Trade Partners & Competitors

 

Competitors

KUMHO FD CORP.

RM. 1907, SUSEO HYUNDAI VENTURE VILLE, 713, SUSEO-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-2040-7547  FAX:+82-2-2179-9639

 

SUNSWEET KOREA CO., LTD.

RM. 827, EDUCATIONAL-INDUSTRY COOPERATIVE BLDG., DONG-A UNIV., 840, HADAN 2-DONG DONG-A UNIV., SAHA-GU, BUSAN, KOREA

TEL:+82-51-257-0582  FAX:+82-51-465-2608

 

HANYONG INTERNATIONAL

RM. 312, DONGSAN BLDG., 109-8, SINSEOL-DONG, DONGDAEMUN-GU, SEOUL, KOREA

TEL:+82-2-2252-4570  FAX:+82-2-2252-4571

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports from China and USA..

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.80

UK Pound

1

Rs.72.86

Euro

1

Rs.63.11

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

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