MIRA INFORM REPORT

 

 

Report Date :           

04.07.2011

 

IDENTIFICATION DETAILS

 

Name :

HASNAIN INTERNATIONAL CO.

 

 

Registered Office :

1827-11, Sindang-dong, Dalseo-gu, Daegu, Korea, Rm. 502, Taeyang Ville, Zip Code 704-922

 

 

Country :

South Korea

 

 

Date of Incorporation :

14.02.2002

 

 

Legal Form :

Sole Proprietorship

 

 

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 :

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 – 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

 

 Bottom of Form

Basic

 

Company Name

HASNAIN INTERNATIONAL CO.

(Korean Company Name : “하스낸인터내셔널”)

Registered Address

1827-11, Sindang-dong, Dalseo-gu, Daegu, Korea

Building

Rm. 502, Taeyang Ville

Zip Code

704-922

Tel

+82-53-581-2722

Fax

+82-53-581-2723

E-mail

tradeko@korea.com;misco7@hotmail.com

Trading Address

Rm. 502, Taeyang Ville, 1827-11, Sindang-dong, Dalseo-gu, Daegu, Korea

Tel

+82-53-581-2722

Fax

+82-53-581-2723

Other Address

103-38, Jeonnong-dong, Dongdaemun-gu, Seoul, Korea

Tel

+82-2-2247-0786~7

Fax

+82-2-2247-0784

Type

Export

Industry

Wholesale of Other Industrial Machinery and Equipment

  Main Business

Used Textile Machinery

Established (mm/dd/yyyy)

02/14/2002

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Textile working machinery and equipment and accessories(23121600)

Sell

Twisting machines(23121504)

Sell

Textile processing machinery and accessories(23121500)

Sell

Embroidery making machines(23121501)

 

 

CEO’s

 

Name

Naeem Muha Mmad Khan(mobile : 82-10-6355-7287)

Title

Owner

Sex

Male

Nationality

Pakistani

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Foreign Direct Investment Corporation

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

204-07-68***(The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

02/14/2002 Established as the present name

02/23/2005 Registered as a Foreign Direct Investment Corporation by Pakistan

 

The address at Rm.101-1102, Youngjong 1-Cha, 2923, Unseo-dong, Jung-gu, Incheon, Korea and, phone, +82-32-751 -7287 and fax, +82-32-751-7287 are not identical as any relation with the subject company, but mobile phone, 82-10-6355-7287 is belonged to Mr. Naeem Muha Mmad Khan.

 

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 under the subject company name. So we submit the report as a Sole Proprietorship Type of Company as long as the subject company exists.

 

Because the subject’s full Business Registered No.(204-07-68***), 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/be active or not legally.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Naeem Muha Mmad Khan

Male

Pakistani

02/14/2002

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

375,000,000

32,000,000

-6,000,000

2005

772,000,000

23,000,000

- 63,000,000

2004

611,000,000

25,000,000

14,000,000

2003

 

 

 

The full & 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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Used Textile Machinery

 

 

Trade Partners & Competitors

 

Competitors

JEIL MACHINERY CO.

GA-118, GORYEO COMPLEX, 10-279, JONGAM-DONG, SEONGBUK-GU, SEOUL, KOREA

TEL:+82-2-941-2977  FAX:+82-2-917-8921

 

JEIL CORPORATION

657-5, ILPAE-DONG, NAMYANGJU-SI, GYEONGGI-DO, KOREA

TEL:+82-2-943-0041  FAX:+82-2-911-4229

 

SOO SUNG MACHINE COMPANY

768-2, HASIN-RI, GEUMSEONG-MYEON, GEUMSAN-GUN, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-751-2644  FAX:+82-41-751-2646

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Bangladeshi, India, Pakistan and Egypt.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.71.75

Euro

1

Rs.64.80

 

 

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.