MIRA INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ACA SEOUL INC. |
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Registered Office : |
Rm. 2215, Woosung Character 199 Officetel, Zip Code 135-555 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
24.12.2002 |
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Com. Reg. No.: |
220-86-54477 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Sale of Motor Vehicle New Tires and Tubes |
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 : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South korea
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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 |
ACA SEOUL INC. (Korean Company
Name : “(주)에이시에이서울”) |
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Registered Address |
467-24, Dogok 2-dong, Gangnam-gu, Seoul,
Korea |
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Building |
Rm. 2215, Woosung Character 199 Officetel |
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Zip Code |
135-555 |
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Tel |
+82-2-6242-3500 |
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Fax |
+82-2-6242-1236 |
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E-mail |
info@acaseoul.com |
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Website |
www.acaseoul.com |
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Trading Address |
Rm. 2215, Woosung Character 199 Officetel,
467-24, Dogok 2-dong, Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-6242-3500 |
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Fax |
+82-2-6242-1236 |
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Type |
Export/Import |
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Industry |
Sale of Motor Vehicle New Tires and Tubes |
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Main Business |
Automotive Tire, Defense Products, Korean Vehicle Parts, Armored
Vehicle |
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Sub
Business |
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Established (mm/dd/yyyy) |
12/24/2002 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Tires and tire tubes(25172500) |
CEO’s
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Name |
Ahn Richard Young |
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Address |
Suite 303-504, 1500, Geumho-dong
1-ga, Seongdong-gu, Seoul, Korea |
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Date of Birth |
04/02/1971 |
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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) |
300,000,000 |
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Employees |
6 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Kookmin Bank-Maebong Station Branch |
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Corporate Registered No. |
110111-2679657 |
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Business Registered No. |
220-86-54477 |
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Permit & Licenses |
Int’l Trade No.: 30075779 |
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Shareholder Position |
N/A |
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Company History |
12/24/2002 Incorporated as the present name 11/09/2009 Increased the authorized shares
to 200,000 shares from 40,000 shares 11/17/2009 Increased capital to 300,000,000
KRW from 200,000,000 KRW 02/19/2010 Moved to the present HQ address
from Rm.
1112, Woosung Character 199 Officetel, 467-24, Dogok 2-dong, Gangnam-gu,
Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Ahn Richard Young |
Male |
USA |
12/24/2005 |
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Director |
M/S. |
You Hye-Jung |
Female |
Korean |
03/12/2008 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
2,162,240,000 |
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41,070,000 |
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2008 |
3,087,820,000 |
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67,410,000 |
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2007 |
1,999,490,000 |
752,000,000 |
48,130,000 |
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2006 |
2,743,900,000 |
802,000,000 |
25,920,000 |
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2005 |
1,897,000,000 |
391,000,000 |
13,000,000 |
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2004 |
1,130,000,000 |
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2003 |
998,000,000 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
1,000,000,000 |
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Paid-Up Capital(KRW) |
300,000,000 |
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Total Issues Shares |
60,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
752,000,000 |
802,000,000 |
391,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
596,000,000 |
694,000,000 |
358,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
156,000,000 |
108,000,000 |
33,000,000 |
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Liab. & Shareholder’s Equity |
752,000,000 |
802,000,000 |
391,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
1,999,000,000 |
2,744,000,000 |
1,897,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
48,000,000 |
26,000,000 |
13,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
AUTOMOTIVE SECTOR Balkrishna Industries Ltd. Catalytic converter for leaded &
unleaded gasoline vehicles Delphi-Lucas Diesel Injection products Doowon Climate Control system / Diesel
Injection products Hankook Tire & Bettery, Korea &
China Korean and Japanese vehicle & spare
parts (Genuine, OEM, OE) INDUSTRIAL SECTOR Crane, Electric Chain Hoist, Electric Wire
Hoist Industrial Batteries, Belts & Tires LG Inverter - Variable Speed Drive &
PLC Test Bench Units for diesel injection parts MILITARY DEFENSE SECTOR (ROK AUTHORIZED
AGENT / SUPPLIER) Aerospace & Military parts / Equipments
/ Tools Armored / Special Purpose Vehicles &
Components Ballistic & NBC Protected Suit, Mask,
Helmet, Shelter Electronic Warfare & Communication
Products RF / Microwave products into ESM, Radar
systems, Missiles, UAVs, Seekers, Decoys, etc U.S. ARMED FORCES IN KOREA (USFK AUTHORIZED
CONTRACTOR) |
Trade Partners & Competitors
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Suppliers |
HANKOOK TIRE
CO., LTD.(110111-0034233) HANKOOK TIRE BLDG., 647-15, YEOKSAM 1-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2222-1000 FAX:+82-2-2222-1100 CTT, INC. 241 EAST JAVA DRIVE , SUNNYVALE, CA 94089,
USA TEL:+1-408-541-0596 FAX:+1-408-541-0794 |
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Competitors |
DRAGON DREAM CO., LTD. 168-2, MUNBONG-DONG, ILSANDONG-GU,
GOYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-977-9422 FAX:+82-31-977-9423 MK INTERNATIONAL CO., LTD. 502-102, JINSAN MAEUL SAMSUNG RAEMIAN APT.
1168-1, PUNGDEOKCHEON-DONG, SUJI-GU, YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-272-3195 FAX:+82-31-263-2195 TIRE BANK CO., LTD. 5TH FL., TIRE BANK BLDG., 206-1,
YONGMUN-DONG, SEO-GU, DAEJEON, KOREA TEL:+82-42-528-1001 FAX:+82-42-521-1881 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
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Overseas Office |
ACA CHICAGO, USA 6041 W DEMPSTER MORTON GROVE, IL 60053,
U.S.A TEL: +1-773-505-7477 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in India, Peru, Saudi Arabia, Singapore and USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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 |
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<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.