MIRA
INFORM REPORT
|
Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SERIM
CORPORATION |
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Registered Office : |
1B-23L, Andong Industrial Complex 538-24, An-dong, Gimhae-si,
Gyeongsangnam-do, Korea 621-914 |
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Country : |
South Korea |
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Date of Incorporation : |
10.01.1995 |
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Com. Reg. No.: |
622-81-08849 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Industrial Machinery for Washing, Dyeing, Finishing and
Processing Industrial Machinery of Fibers |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic information
|
Company Name |
SERIM CORPORATION (Korean Company Name : “(주)세림”) |
|
Registered Address |
538-24,
An-dong, Gimhae-si, Gyeongsangnam-do, Korea |
|
Building |
1B-23L, Andong Industrial Complex |
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Zip Code |
621-914 |
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Tel |
+82-55-324-6550 |
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Fax |
+82-55-324-0272 |
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E-mail |
serimvsd@yahoo.co.kr |
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Website |
www.korona.co.kr |
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Trading Address |
1B-23L, Andong Industrial Complex, 538-24,
An-dong, Gimhae-si, Gyeongsangnam-do, Korea |
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Tel |
+82-55-324-6550 |
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Fax |
+82-55-324-0272 |
|
Type |
Export |
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Industry |
Manufacture of Industrial Machinery for Washing, Dyeing, Finishing and
Processing Industrial Machinery of Fibers |
|
Main Business |
Staking Machine |
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Sub
Business |
Manufacture of Machinery for Other Textiles, Apparel and Leather
Processing |
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Established (mm/dd/yyyy) |
01/10/1995 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Industrial process machinery and equipment
and supplies(23150000) |
CEO’s
|
Name |
Kang Kee-Tak |
|
Address |
Suite 101-4905, 178-7, Oncheon-dong,
Dongnae-gu, Busan, Korea |
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Date of Birth |
11/26/1946 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
10 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Woori Bank |
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Corporate Registered No. |
184611-0013685 |
|
Business Registered No. |
622-81-08849 |
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Permit & Licenses |
Int’l Trade No.: 24009953 |
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Shareholder Position |
N/A |
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Company History |
01/10/1995 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kang Kee-Tak |
Male |
Korean |
01/10/1995 |
|
Director |
Mr. |
Kang Young-Woo |
Male |
Korean |
01/10/1995 |
|
Director |
Mr. |
Kang Tae-Joon |
Male |
Korean |
02/19/2004 |
|
Auditor |
M/S |
Kim Young-Sook |
Female |
Korean |
01/10/1995 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
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2007 |
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2006 |
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2005 |
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2004 |
2,719,000,000 |
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2003 |
2,119,000,000 |
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The latest &
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) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issues Shares |
10,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Staking Machine Wet-Stretching Machine Vacuum Dryer |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
KORONA CORPORATION 62-10, SACHON-RI, SAENGNIM-MYEON,
GIMHAE-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-325-6700 FAX:+82-55-325-6004 |
Sales by Region
(Activity &
Markets)
The Subject exports
to India and China.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.87 |
|
|
1 |
Rs.75.14 |
|
Euro |
1 |
Rs.66.68 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.