MIRA INFORM REPORT

 

 

Report Date :

22.12.2011

 

IDENTIFICATION DETAILS

 

Name :

H1 GLOBAL CO., LTD.

 

 

Registered Office :

450-8, Dogok 2-dong, Gangnam-gu, Seoul, Korea 135-855

 

 

Country :

South Korea

 

 

Date of Incorporation :

09.09.2009

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Other Household Appliances

 

 

No. of Employees :

4

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Company

Payment Behaviour :

No Complaints

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

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

H1 GLOBAL CO., LTD.

(Korean Company Name : “(주)에이치원글로벌”)

Registered Address

450-8, Dogok 2-dong, Gangnam-gu, Seoul, Korea

Zip Code

135-855

Tel

+82-2-579-3312

Fax

+82-2-579-0415

Trading Address

450-8, Dogok 2-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-579-3312

Fax

+82-2-579-0415

Type

Import

Industry

Wholesale of Other Household Appliances n.e.c.

  Main Business

Kitchenware, Office Accessories, Interior Products, Accessories, Cosmetics, Plastic Products, Wood Products, Steel Products

Established (mm/dd/yyyy)

09/09/2009

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Bath and body(53131600)

Sell

Furniture(56101500)

Sell

Domestic appliances(52140000)

Sell

Prepared and preserved foods(50190000)

Sell

Shoe accessories(53112000)

Sell

Domestic pet treatments and accessories and equipment(10111300)

Sell

Office supplies(44120000)

Sell

Floriculture and silviculture products(10160000)

Sell

Domestic disposable kitchenware(52151500)

Sell

Art(60121000)

 

 

CEO’s

 

Name

Lee Ho-Sung

Address

1-121, Yongsan-dong 2-ga, Yongsan-gu, Seoul, Korea

Date of Birth

02/19/1967

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

1,500,000,000

Employees

4

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-4176297

Business Registered No.

220-87-***** (The 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

N/A

Company History

09/09/2009 Incorporated as the present name

07/20/2011 Increased the authorized shares to 1,000,000 shares from 240,000 shares

07/22/2011 Increased capital to 1,500,000,000 KRW from 300,000,000 KRW

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Ho-Sung

Male

Korean

12/31/2010

Director

Mr.

Park Jung-Boo

Male

Korean

09/09/2009

Director

Mr.

Park Young-Joo

Female

Korean

12/15/2009

Auditor

Mr.

Lee Jong-Duck

Male

Korean

09/09/2009

 

 

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)

5,000,000,000

Paid-Up Capital(KRW)

1,500,000,000

Total Issued Shares

300,000

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Kitchenware, Office Accessories, Interior Products, Accessories, Cosmetics, Plastic Products, Wood Products, Steel Products

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

HANIL MANPOWER CO., LTD.(110111-4129098)

HAN WELL CO., LTD.(110111-0562333)

DAISO ASUNG CO., LTD.(110111-0832736)

DAEA ASSETS CO., LTD.(134811-0097396)

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports from China, India, Vietnam and Thailand.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.67

UK Pound

1

Rs.82.53

Euro

1

Rs.69.13

 

 

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.