MIRA INFORM REPORT

 

 

Report Date :           

07.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SEOK-AM TECH CO., LTD. 

 

 

Registered Office :

837-33, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea, Rm. 501, Young Place Bldg., Zip Code 135-937

 

 

Country :

South Korea

 

 

Date of Incorporation :

29.06.2009       

 

 

Com. Reg. No.:

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Other 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

SEOK-AM TECH CO., LTD.

(Trade Name : SATCO)

(Korean Company Name : “(주)석암테크”)

Registered Address

837-33, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Building

Rm. 501, Young Place Bldg.

Zip Code

135-937

Tel

+82-2-3288-8222  +82-2-2051-0397

Fax

+82-2-3288-8223

E-mail

satco@lycos.co.kr

Website

www.satcokorea.com

Trading Address

Rm. 501, Young Place Bldg., 837-33, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-3288-8222  +82-2-2051-0397

Fax

+82-2-3288-8223

Other Address-Gimhae Factory

786-1, Toerae-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea

Type

Export/Import

Industry

Wholesale of Other Machinery and Equipment n.e.c.

  Main Business

Heat Exchanger Equipment, Chemical, Subsistence Commodities, Forging

  Sub Business

Wholesale of Other Chemical Materials and Chemical Products

Established (mm/dd/yyyy)

06/29/2009

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Heat exchangers(40101802)

Sell

Heating equipment and parts and accessories(40101800)

 

 

CEO’s

 

Name

Park Kuk-Won

Address

Suite 101-505, 835-67, Yeoksam-dong, Gangnam-gu, Seoul, Korea

Date of Birth

09/23/1955

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

100,000,000

Employees

4

Formation

Co., Ltd by Shares

Bank Details

Woori Bank

Corporate Registered No.

110111-4126771

Business Registered No.

220-87-83*** (The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

Int’l Trade No.: 11635491

Shareholder Position

N/A

Company History

06/29/2009 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Kuk-Won

Male

Korean

06/29/2009

Director

M/S.

Yoon Soon-Joong

Female

Korean

06/29/2009

Auditor

Mr.

Yoon Hee-Joong

Male

Korean

06/29/2009

 

 

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)

400,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issues Shares

20,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Distribution and Conditioning Systems and Equipment and Components

Heating and ventilation and air circulation

Heating equipment and parts and accessories

 

Forging and Equipment for Power plant, chemical and petrochemical plant, refinery and environmental plant

 

 

Trade Partners & Competitors

 

Competitors

SHIN HAN HEAT EXCHANGER IND. CO.

127-69, GUJANG-RI, PALTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-354-3242  FAX:+82-31-354-3246

 

KOREA HEAT EXCHANGER CO., LTD.

FREE TRADE ZONE, 502-1, OSIKDO-DONG, GUNSAN-SI, JEOLLABUK-DO, KOREA

TEL:+82-63-441-5510  FAX:+82-63-464-5440

 

TAEWON UBC CO., LTD.

NOKSAN NATIONAL INDUSTRIAL COMPLEX, 1635-20, SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-831-0310  FAX:+82-51-831-0340

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

WONIL F&T CO., LTD.(195511-0112816)

 

 

Sales by Region

(Activity & Markets)

 

The subject deals with the companies in India, China, Kuwait and Japan.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

----

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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.