MIRA INFORM REPORT

Report Date :

09.12.2011

IDENTIFICATION DETAILS

Name :	SIN WON GMC

Registered Office :	978-20, Daechi-dong, Gangnam-gu, Seoul, Korea

Country :	South Korea

Date of Incorporation :	10.01.2002

Legal Form :	Sole Proprietorship

Line of Business :	Wholesales of Agricultural Products and Live Animals

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Korea

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Basic Information

Company Name	SIN WON GMC (Korean Company Name : “신원지엠씨”)
Registered Address	978-20, Daechi-dong, Gangnam-gu, Seoul, Korea
Building	Rm.101, Wooyoung Garden 2-Cha
Zip Code	135-842
Tel	N/A
Fax	N/A
Trading Address	Rm.101, Wooyoung Garden 2-Cha, 978-20, Daechi-dong, Gangnam-gu, Seoul, Korea
Tel	N/A
Fax	N/A
Type	Export/Import
Industry	Wholesales of Agricultural Products and Live Animals
Established (mm/dd/yyyy)	01/10/2002

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Agricultural Products
Sell	Live Animals

CEO’s

Name	Kim Jong-Cheon
Title	Owner
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	N/A
Formation	Sole Proprietorship
Bank Details	N/A
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	120-06-***** (The full numbers are kept by the National Tax Service confidentially.) Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	01/10/2002 Established as the present name

In our research through the official sources including the Supreme Court Registry at which every Co Ltd type of Company should be registered, we could not find the subject company. So we submit the report as a Sole Proprietorship Type of Company.

We could not find any company registered contact number under the subject company name.

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner	Mr.	Kim Jong-Cheon	Male	Korean	01/10/2002

Financials

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)	Not Applicable to the Sole Proprietorship
Paid-Up Capital(KRW)	Not Applicable to the Sole Proprietorship
Total Issued Shares	Not Applicable to the Sole Proprietorship

Products, Technologies, Services Description

Main Products & Services

Agricultural Products and Live Animals

Trade Partners & Competitors

Competitors

FOLAS INC.

2F., 103, GIL-DONG, GANGDONG-GU, SEOUL, KOREA

TEL:+82-2-3426-9165 FAX:+82-2-3426-9168

CENTRAL LAB ANIMAL INC.

3RD FL., DONGGANG BLDG., 66, UMYEON-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-3461-5255 FAX:+82-2-3461-5256

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

Not Available

Sales by Region (Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

Not Available

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.77
UK Pound	1	Rs.81.32
Euro	1	Rs.69.42

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.