MIRA INFORM REPORT

 

 

Report Date :

26.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SILVER LINE CO., LTD.

 

 

Registered Office :

Rm.211, Shindo Branew 121-38, Samseong-dong, Gangnam-gu, Seoul, Korea

135-509

 

 

Country :

South Korea

 

 

Date of Incorporation :

20.09.1999

 

 

Com. Reg. No.:

220-81-67282

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Other Industrial Machinery and Equipment

 

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 Information

 

Company Name

SILVER LINE CO., LTD.

(Korean Company Name : “(주)실버라인통상”)

Registered Address

121-38, Samseong-dong, Gangnam-gu, Seoul, Korea

Building

Rm.211, Shindo Branew

Zip Code

135-509

Tel

+82-2-3463-3198~9

Fax

+82-2-3463-4545

E-mail

webmaster@esilverline.com

Website

www.esilverline.com

Trading Address

Rm.211, Shindo Branew, 121-38, Samseong-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-3463-3198~9

Fax

+82-2-3463-4545

Other Address-Sungju Branch

1553, Jangsan-ri, Wolhang-myeon, Seongju-gun, Gyeongbuk, Korea

Type

Export

Industry

Wholesale of Other Industrial Machinery and Equipment

  Main Business

Textile Machinery

  Sub Business

 

Established (mm/dd/yyyy)

09/20/1999

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Textile processing machinery and accessories(23121500)

Sell

Spinning machines(23121509)

Sell

Dyeing machines(23121610)

 

 

CEO’s

 

Name

Yoon Bo-Sup

Address

Suite 6-701, 65, Cheongdam-dong, Gangnam-gu, Seoul, Korea

Date of Birth

01/19/1950

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

6

Formation

Co., Ltd by shares

Bank Details

Kookmin Bank-Yangjae Station Corporate Finance

Corporate Registered No.

110111-1776561

Business Registered No.

220-81-67282

Permit & Licenses

Int’l Trade No.: 11686448

Shareholder Position

N/A

Company History

09/20/1999 Incorporated as the present name

11/15/2000 Moved to Rm. 801, Instopia Bldg., 467-23, Dogok 2-dong, Gangnam-gu, Seoul, Korea from 411-3, Dogok-dong, Gangnam-gu, Seoul, Korea

12/16/2001 Increased capital to 200,000,000 KRW from 100,000,000 KRW

07/08/2011 Moved to the present HQ address from Rm. 801, Instopia Bldg., 467-23, Dogok 2-dong, Gangnam-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Yoon Bo-Sup

Male

Korean

06/01/2004

Auditor

Mr.

Lee Kwang-Sang

Male

Korean

06/01/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

14,643,000,000

4,929,000,000

315,000,000

2006

18,251,000,000

6,449,000,000

354,000,000

2005

10,062,000,000

6,812,000,000

259,000,000

The latest 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)

400,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issues Shares

40,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Textile Machinery

 

 

Trade Partners & Competitors

 

Competitors

HYOIL INTERNATIONAL CO., LTD.

RM. 628, POONGLIM VIPTEL, 404, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-713-6402  FAX:+82-2-713-6404

 

SOO JIN TRADING CO., LTD.

RM. 1211, RENAISSNACE TOWER BLDG., 456, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-755-0858  FAX:+82-2-755-0857

 

HYUNDAI TRADING CO.

1ST FL., 269-7, SANGIL-DONG, GANGDONG-GU, SEOUL, KOREA

TEL:+82-2-426-4494  FAX:+82-2-426-4469

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Bangladesh, Vietnam and Asia.

 

 

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%)

 

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

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