MIRA INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HYUNDAI CORPORATION |
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Registered Office : |
7 Temasek Boulevard, #40-01B,
Suntec Tower One Singapore 038987 |
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Country : |
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Date of Incorporation : |
10.03.2011 |
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Com. Reg. No.: |
201105890Z |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Trade of steels, chemicals and
IT products and the related products |
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No. of Employees
: |
Not Available |
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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Maximum Credit Limit : |
USD 5,000 |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Singapore |
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 |
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Company Name: |
Hyundai Corporation Singapore Pte. Ltd. |
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Supplied Name: |
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7 Temasek Boulevard, #40-01B, Suntec Tower One Singapore
038987 |
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Supplied
Address: |
7 Temasek Boulevard #40-01B, Suntec City Tower 1, Singapore 038987 |
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Fax Number: |
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Credit Rating: |
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Credit Opinion: |
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Registered
Name: |
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Registered
Address: |
7 Temasek Boulevard, #40-01B, Suntec Tower One Singapore
038987 |
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Date
of Registration:: |
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Registered
Number: |
201105890Z |
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Country
of Incorporation: |
Singapore |
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Registered
Capital: |
USD
10,000,000.00 |
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Paid-up
Capital: |
USD 10,000,000.00
= 10,000,000 Shares@1 SGD |
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Legal
Form: |
Private
Limited Liability Company |
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Principal
Activities: |
Trade
of steels, chemicals and IT products and the related products. |
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N/A |
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Status: |
Live Company |
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Listed at Stock Exchange: |
No. |
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Date of Last
Annual Return: |
N/A |
Note:
Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.
Subject was incorporated on
|
Subscription Amount |
Proportion of Investment (%) |
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HYUNDAI
CORPORATION |
10,000,000 |
100% |
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Total |
10,000,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
HYUNDAI
CORPORATION |
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Registered
Number: |
T11UF1248E |
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Address: |
140-2 Gye-Dong,
Jongno-Gu, Seoul 110-793 Korea |
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Place of Origin |
Republic of
Korea |
Parent Company:
|
Name: |
HYUNDAI
CORPORATION |
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Registered
Number: |
T11UF1248E |
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Address: |
140-2 Gye-Dong,
Jongno-Gu, Seoul 110-793 Korea |
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Place of Origin |
Republic of
Korea |
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Note: |
HYUNDAI CORPORATION
is a company in Korea that is generally engaged in trading house, providing
international trade and distribution services for a wide range of products,
including steel, heavy machinery, ships, industrial plants, automobiles,
electrical and electronic equipment, and basic commodities. |
Detailed
Information of Management:
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1 |
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Name: |
KIM JAE WOO |
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Position: |
Director/
Managing Director |
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ID Number: |
G5207660P |
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Address: |
19 Cairnhill Circle
#16-02 Light @ Cairnhill, The Singapore 229768 |
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Nationality: |
South Korean |
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Date of
Appointment: |
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2 |
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Name: |
HA JUNGKWUN |
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Position: |
Director |
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ID Number: |
M76264051 |
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Address: |
29-1406 Woosung Apt,
Jamsil7-Dong, Songpa-Gu, Seoul 138-798 Korea |
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Nationality: |
South Korean |
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Date of
Appointment: |
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3 |
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Name: |
YEO SOEK PHENG |
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Position: |
Secretary |
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ID Number: |
S1198528I |
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Address: |
7 Jalan Keris
Seaside Park Singapore 457541 |
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Nationality: |
Singapore
Citizen |
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Date of
Appointment: |
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Offices
& Factories
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|
Office |
|
Address: |
7 Temasek Boulevard, #40-01B, Suntec Tower One Singapore 038987 |
Production
Information
l
Subject is a trader of steels, chemicals and IT
products and the related products without any production activities
Purchase
l
The productions are mostly purchased from the parent
company of subject, HYUNDAI CORPORATION, and sometimes, 3rd country products
from China or elsewhere.
Sales
Information
l
Subject is a subsidiary of HYUNDAI CORPORATION.
l
Subject is mainly engaged in importing and
exporting of steels, chemicals and IT products and the related products
l
Subject introduced that regarding steel business,
it mainly supplies flat products such as Hot-rolled/Cold-rolled steel,
Coated-steel, PO coil, etc., and structural steels such as H-Beam, Sheet Pile,
Angles, Channels, etc., and it also serves the clients with other Korean steel
manufacturers' products as well as 3rd country products from China or
elsewhere.
l
Subject introduced that chemical products include
plastic resins from LOTTE (ex-Hyundai Petrochemical) and Daelim as well as
Methanol, MEG, SM, etc. from various sources.
l
Subject’s selling territory covers all over the
world.
Subject declined
to disclose the settlements information, and from other sources, we couldn’t
obtain the information, either.
Since the subject
is a newly established company, the financial information is not available from
the subject or other sources.
Open
Account Bank
The bankers’
information is not available from the subject or other sources.
|
Name: |
PRICEWATERHOUSECOOPERS
LLP |
|
Name: |
Ms. Darlon |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.79 |
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UK Pound |
1 |
Rs.85.17 |
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Euro |
1 |
Rs.69.53 |
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.