MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SEOUL BUSINESS AGENCY |
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Registered Office : |
514, Daechi 2-dong, Gangnam-gu, Seoul,
Korea 135-834 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
31.03.1998 |
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Com. Reg. No.: |
102-82-09623 |
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Legal Form : |
Foundation |
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Line of Business : |
All Other Non-Store Retail Sale |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – September 30th, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
Basic
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Company
Name |
SEOUL BUSINESS AGENCY (Korean Company Name : “(재)서울특별시 서울산업통상진흥원”) |
|
Registered Address |
514, Daechi 2-dong, Gangnam-gu, Seoul, Korea |
|
Zip Code |
135-834 |
|
Tel |
+82-2-2222-3741~6 |
|
Fax |
+82-2-2222-3749 |
|
E-mail |
coolgardener@sba.seoul.kr;yijiae@sba.seoul.kr;smkim@sba.seoul.kr |
|
Website |
www.sba.seoul.kr |
|
Trading Address |
514, Daechi 2-dong, Gangnam-gu, Seoul,
Korea |
|
Tel |
+82-2-2222-3741~6 |
|
Fax |
+82-2-2222-3749 |
|
Other Address-Seoul Fashion Center |
4~5FL., 251-7, Sindang-dong,
Jung-gu, Seoul, Korea |
|
Tel |
+82-2-3670-4500 |
|
Fax |
+82-2-3676-6511 |
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Other Address-Seoul Animation Center |
8-145, Yejang-dong, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-3455-8341~2 |
|
Fax |
+82-2-3455-8329 |
|
Other AddressSeoul New Technology Venture Center |
647-26, Deungchon-dong,
Gangseo-gu, Seoul, Korea |
|
Tel |
+82-2-2657-5700 |
|
Fax |
+82-2-2657-5729 |
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Other Address-Seoul Global Center |
3FL., Seoul Finance Center, 25, Taepyeongno
1-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-1688-0120 |
|
Fax |
+82-2-2657723-3206 |
|
Other Address-DMC Center |
DMC, 1580, Sangam-dong,
Mapo-gu, Seoul, Korea |
|
Tel |
+82-2-309-6994 |
|
Fax |
+82-2-309-6994 |
|
Other Address-Venture Assisting Center |
222-22, Guro-dong, Guro-gu, Seoul, Korea |
|
Tel |
+82-2-6283-1006 |
|
Fax |
+82-2-6283-1005 |
|
Type |
Export/Import |
|
Industry |
All Other Non-Store Retail Sale n.e.c. |
|
Main
Business |
Other Regulation and Contribution to More Efficient Operation of
Business |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
03/31/1998 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Business and corporate management
consultation services(80101500) |
CEO’s
|
Name |
Byun Bo-Kyung |
|
Address |
Suite 201, 805-1, Bangbae-dong,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
08/09/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
11,101,000,000 |
|
Employees |
180 |
|
Formation |
Foundation |
|
Bank Details |
Korea Development Bank |
|
Corporate Registered No. |
110122-0030006 |
|
Business Registered No. |
102-82-09623 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
Seoul Metropolitan City is one of the major
investors. |
|
Company History |
03/31/1998
Incorporated as SEOUL BUSINESS AGENCY (“(재)서울산업통상진흥원”) 09/15/2006 Moved to the present HQ address
from 8-145, Yejang-dong, Jung-gu, Seoul, Korea 04/04/2008 Changed Korean company name to
SEOUL BUSINESS AGENCY (“(재)서울특별시 서울산업통상진흥원”) |
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|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Byun Bo-Kyung |
Male |
Korean |
07/01/2007 |
|
Director |
Mr. |
Kwon Young-Kyu |
Male |
Korean |
07/01/2010 |
|
Director |
Mr. |
You Jae-Ryong |
Male |
Korean |
01/01/2011 |
|
Director |
Mr. |
Kang Tae-Woong |
Male |
Korean |
01/01/2011 |
|
Director |
Mr. |
Kim Hyung-Ho |
Male |
Korean |
03/10/2011 |
|
Director |
Mr. |
Lee Jin-Soon |
Male |
Korean |
01/08/2009 |
|
Director |
Mr. |
Kang Han-Young |
Male |
Korean |
01/08/2009 |
|
Director |
Mr. |
Kim Byung-Ki |
Male |
Korean |
01/08/2009 |
|
Director |
Mr. |
Lee Moon-Sun |
Male |
Korean |
01/08/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
77,252,835,499 |
72,824,227,446 |
928,669,054 |
|
|
2009 |
77,437,239,422 |
70,392,207,330 |
6,034,359,186 |
|
2008 |
65,305,369,709 |
77,485,282,806 |
5,915,339,797 |
|
2007 |
54,110,807,648 |
77,485,282,806 |
11,289,018,920 |
|
2006 |
36,373,500,531 |
62,170,257,103 |
4,284,662,771 |
|
2005 |
26,055,546,002 |
110,720,346,434 |
2,808,997,081 |
|
2004 |
20,474,208,303 |
49,611,253,980 |
2,991,309,964 |
|
2003 |
153,206,630 |
46,052,519,644 |
420,746,170 |
Financial Description
|
Authorized Capital(KRW) |
Not Applicable to this Organization |
|
Paid-Up Capital(KRW) |
11,101,000,000 |
|
Total Issues Shares |
Not Applicable to this Organization |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
72,824,227,446 |
70,392,207,330 |
77,485,282,806 |
|
Current Assets |
40,340,677,779 |
51,827,861,462 |
36,870,442,280 |
|
-Quick Assets |
40,340,677,779 |
51,827,861,462 |
36,870,442,280 |
|
-Inventories |
|
|
- |
|
Fixed Assets |
32,483,549,667 |
18,564,345,868 |
40,614,840,526 |
|
-Investment |
34,402,642 |
63,415,876 |
5,154,648,476 |
|
-Tangibles |
24,469,199,324 |
11,178,119,340 |
9,120,452,917 |
|
-Intangibles |
1,273,978,588 |
872,187,579 |
329,075,439 |
|
-Others |
6,705,969,113 |
6,450,623,073 |
26,010,663,694 |
|
Total Liabilities |
21,675,663,311 |
20,172,717,073 |
34,143,415,832 |
|
Current Liabilities |
9,794,147,110 |
8,285,246,734 |
7,630,847,544 |
|
Fixed Liabilities |
11,881,516,201 |
11,887,470,339 |
26,512,568,288 |
|
Capital Stock |
23,800,000,000 |
21,400,000,000 |
19,000,000,000 |
|
Capital Surplus |
|
|
- |
|
Profit Surplus |
27,333,748,247 |
28,805,079,193 |
24,305,380,210 |
|
Capital Adjustment |
14,815,888 |
14,411,064 |
36,486,764 |
|
Total Equity |
51,148,564,135 |
50,219,490,257 |
43,341,866,974 |
|
Liab. & Shareholder’s Equity |
72,824,227,446 |
70,392,207,330 |
77,485,282,806 |
|
Current Liabilities |
9,794,147,110 |
8,285,246,734 |
8,569,350,093 |
|
Advance Receipts |
1,793,336,849 |
1,879,162,652 |
1,176,981,762 |
|
Account Payables |
5,099,235,454 |
4,671,266,110 |
6,553,543,391 |
|
Withholdings |
1,363,309,131 |
851,260,329 |
431,304,736 |
|
Guarantee Deposit Withhold |
170,049,665 |
174,663,345 |
60,082,145 |
|
Accrued Expenses |
1,174,116,011 |
708,870,042 |
347,438,059 |
|
Current Portion of Long-Term
Debts |
194,100,000 |
24,256 |
- |
|
Fixed Liabilities |
11,881,516,201 |
11,887,470,339 |
31,166,537,582 |
|
Long-Term Borrowings |
3,187,900,000 |
3,407,000,000 |
3,249,000,000 |
|
Leasehold Deposit Received |
8,559,690,329 |
8,412,958,975 |
12,217,400,002 |
|
Provision for Severance &
Retirement |
3,398,123,400 |
3,422,437,730 |
3,751,458,610 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Revenues |
77,252,835,499 |
77,437,239,422 |
65,305,369,709 |
|
Operating Expenses |
76,535,598,772 |
69,750,894,721 |
60,962,467,199 |
|
Operating Income |
717,236,727 |
7,686,344,701 |
4,342,902,510 |
|
Non-Operating Income |
1,218,126,095 |
2,157,709,608 |
2,193,173,137 |
|
Non-Operating Expenses |
1,006,693,768 |
3,809,695,123 |
620,735,850 |
|
Income Before Taxes |
928,669,054 |
6,034,359,186 |
5,915,339,797 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
928,669,054 |
6,034,359,186 |
5,915,339,797 |
Products, Technologies, Services Description
|
Main Products & Services |
Support and Development of Strategic
Industries(creative industries) in Seoul -Support of the fashion industry - operating
the Seoul Fashion Center -Support of the digital cultural contents
industry (animation, game, cartoon) - operating the Seoul Animation Center -Support of the R&D industry (IT·BT·NT)
- operating the Seoul High-tech Venture Center, DMC R&D Center, DMC
High-tech Industry Center, Seoul Intellectual Property Center -Support of the design industry - operating
Design Cluster Support Center, Design Creative Studio Creation of employment through the
establishment of a professional infrastructure -Operation of the Seoul High-tech Venture
Center / Education related to employment creation (Hi Seoul Venture School,
etc.) Support of domestic and abroad marketing to
find a market for SMEs -Hi Seoul Brand Project / Operating SETEC
and the convention center / Operating exhibition stores for SMEs /Support of
participation in exhibitions in and out of Korea Support of foreign trade transactions and
attraction of foreign investment -Dispatch of trade delegations and market finding
teams / Operating DMC Gallery / Operating the Seoul Trade Center, Beijing |
Trade Partners & Competitors
|
Competitors |
SMALL BUSINESS CORPORATION 24-3, YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL,
KOREA TEL:+82-2-769-6700 FAX:+82-2-784-9230 DAEJEON SMALL & MEDIUM BUSINESS SUPPORT
CENTER 23-14, JANG-DONG, YUSEONG-GU, DAEJEON,
KOREA TEL:+82-42-864-4502 FAX:+82-42-864-4504 GWANGJU SMALL & MEDIUM BUSINESS SUPPORT
CENTER 621-15, DOCHEON-DONG, GWANGSAN-GU, GWANGJU,
KOREA TEL:+82-62-955-4045~6 FAX:+82-62-955-4011 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
|
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.