MIRA
INFORM REPORT
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Report Date : |
10.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SEVEN STAR CORPORATION |
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Registered Office : |
1-1421, Hyundai Deolopt Officetel 539-2, Bupyeong 1-dong, Bupyeong-gu,
Incheon, Korea 403-859 |
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Country : |
South Korea |
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Date of Incorporation : |
24.04.2008 |
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Com. Reg. No.: |
122-86-00041 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Textiles |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
SEVEN STAR CORPORATION (Korean Company Name : “(주)세븐스타코퍼레이션”) |
|
Registered Address |
539-2, Bupyeong 1-dong, Bupyeong-gu,
Incheon, Korea |
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Building |
1-1421, Hyundai Deolopt Officetel |
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Zip Code |
403-859 |
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Tel |
+82-70-7010-8945 |
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Fax |
+82-32-330-8434 |
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Trading Address |
1-1421, Hyundai Deolopt Officetel, 539-2, Bupyeong
1-dong, Bupyeong-gu, Incheon, Korea |
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Tel |
+82-70-7010-8945 |
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Fax |
+82-32-330-8434 |
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Type |
Export |
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Industry |
Wholesale of Textiles |
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Main Business |
Polyester Fabrics, T-shirts |
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Sub
Business |
Wholesale of Shirts and Outer Garments |
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Established (mm/dd/yyyy) |
04/24/2008 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Synthetic fabrics(11161800) |
CEO’s
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Name |
Won Seong-Sik |
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Address |
Rm. B-001, 35-3, Byeoryang-dong,
Gwacheon-si, Gyeonggi-do, Korea |
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Date of Birth |
05/18/1969 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
70,000,000 |
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Employees |
9 |
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Formation |
Co., Ltd by shares |
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Bank Details |
N/A |
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Corporate Registered No. |
120111-0463159 |
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Business Registered No. |
122-86-00041 |
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Permit & Licenses |
Int’l Trade No.: 14130632 |
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Shareholder Position |
N/A |
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Company History |
04/24/2008 Incorporated as the present name 05/26/2010 Moved to the present HQ address
from 1-923,
Hyundai Deolopt Officetel, 539-2, Bupyeong 1-dong, Bupyeong-gu, Incheon,
Korea 09/02/1010 Increased the authorized shares to 40,000 shares from 8,000
shares 09/03/2010 Increased capital to 70,000,000 KRW from 10,000,000 KRW |
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(*) The Subject is incorporated based on the
Special Law for assisting Small Enterprises and Entrepreneurs enabling set up a
company at minimum paid up capital, 10,000,000 KRW.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Won Seong-Sik |
Male |
Korean |
04/24/2008 |
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Director |
Mr. |
Hwang Sung-Moo |
Male |
Korean |
04/24/2008 |
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Auditor |
Mr. |
Kim Kil-Han |
Male |
Korean |
04/24/2008 |
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 |
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Paid-Up Capital(KRW) |
70,000,000 |
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Total Issues Shares |
14,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Polyester Fabrics, T-shirts |
Trade Partners & Competitors
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Competitors |
UL HWA CORPORATION 293-1, GONGDAN 2-DONG, GUMI-SI,
GYEONGSANGBUK-DO, KORE TEL:+82-54-463-8387 FAX:+82-54-463-8382 FASHION HOUSE CORPORATION B1, HWASEONG BLDG., 150-1, SAMSEONG 1-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-501-2620 FAX:+82-2-501-2623 SUY CO., LTD. 3RD FL., DOWON BLDG., 903-21, DAECHI
4-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-566-4831 FAX:+82-2-558-4228 |
Sales by Region
(Activity &
Markets)
The Subject exports
to USA.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.73.47 |
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Euro |
1 |
Rs.65.38 |
RATING EXPLANATIONS
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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 |
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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 |
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-- |
NB |
New Business |
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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.