MIRA INFORM REPORT

 

 

Report Date :           

26.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MEGA S AND F CO., LTD.

 

 

Formerly Known As :

Mega Steel Trading Co., Ltd

 

 

Registered Office :

17-2, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea, Rm.1703, Dongyang Paragon B, Zip Code 463-847

 

 

Country :

South Korea

 

 

Date of Incorporation :

11.08.2008

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales and Retails of Steel Products

 

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 :

Usually Correct

 

 

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

MEGA S AND F CO., LTD.

(Korean Company Name : “(주)메가에스엔에프”)

Registered Address

17-2, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Building

Rm.1703, Dongyang Paragon B

Zip Code

463-847

Tel

+82-31-717-1951

Fax

+82-31-717-5009

E-mail

ted@megasteel.co.kr

Trading Address

Rm.1703, Dongyang Paragon B, 17-2, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-717-1951

Fax

+82-31-717-5009

Type

Export/Import

Industry

Wholesales and Retails of Steel Products

  Main Business

Steel, Animal Feed, Wheat Bran, Sugar Beet Pulp, Hay, Straw

Established (mm/dd/yyyy)

08/11/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Steel(11101704)

Sell

Steel plate(30102204)

Sell

Livestock feed(10121500)

 

 

CEO’s

 

Name

Roh Wook(David)

Address

Suite 103-901, 77, Gumi-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

02/24/1964

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

131111-0215854

Business Registered No.

N/A. (The numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

08/11/2008 Incorporated as Mega Steel Trading Co., Ltd.

06/22/2009 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Roh Wook(David)

Male

Korean

08/11/2008

Director

Mr.

Yang Sang-Yoon

Male

Korean

08/11/2008

Auditor

Mr.

Hyun Young-Chan

Male

Korean

03/31/2011

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

The 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)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Steel, Animal Feed, Wheat Bran, Sugar Beet Pulp, Hay, Straw

 

Trade Partners & Competitors

 

Competitors

DONGKWANG CO., LTD.

655, DONGO-RI, HYANGNAM-EUP, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-354-8599  FAX:+82-31-354-8662

 

SEYUN STEEL CO., LTD.

500-21, BUGYANG-DONG, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-355-5250  FAX:+82-31-356-7042~3

 

GWANG SHIN STEEL CO., LTD.

619-3, DOCHEON-DONG, GWANGSAN-GU, GWANGJU, KOREA

TEL:+82-62-959-9932  FAX:+82-62-959-9935

 

PUSAN TRADE PROMOTION CO., LTD.

2ND FL., HWAYEONG BLDG., 52-12, JUNGANGDONG 4-GA, JUNG-GU, BUSAN, KOREA

TEL:+82-51-464-9991  FAX:+82-51-464-9994

 

DAE HYUN TRADING CO., LTD.

RM. 803, IT VENTURE TOWER EAST, 78, GARAKBON-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-402-0184  FAX:+82-2-404-9616

 

YOUNG JIN GF CO., LTD.

150, MAEHWA-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-314-9250  FAX:+82-31-314-9880

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.13

UK Pound

1

Rs.75.52

Euro

1

Rs.66.53

 

 

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.