MIRA INFORM REPORT

 

 

Report Date :

09.08.2012

 

IDENTIFICATION DETAILS

 

Name :

SEVEN AUTO TECH CO., LTD.

 

 

Registered Office :

456, Gongdeok-dong, Mapo-gu, Seoul, Korea

 

 

Country :

South Korea

 

 

Date of Incorporation :

03.01.2003

 

 

Com. Reg. No.:

101-81-90352

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Other Basic Iron and Steel

 

 

No. of Employees :

9

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Basic

 

Company Name

SEVEN AUTO TECH CO., LTD.

(Korean Company Name : “(주)세븐오토테크”)

Registered Address

456, Gongdeok-dong, Mapo-gu, Seoul, Korea

Building

Rm. 1509, Renaissnace Tower Bldg.

Zip Code

121-706

Tel

+82-2-584-0513

Fax

+82-2-584-0514

Trading Address

Rm. 1509, Renaissnace Tower Bldg., 456, Gongdeok-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-584-0513

Fax

+82-2-584-0514

Type

Export

Industry

Manufacture of Other Basic Iron and Steel n. e. c.

  Main Business

Steel Plate

Established (mm/dd/yyyy)

01/03/2003

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Steel(11101704)

 

 

CEO’s

 

Name

Park Byung-Mok

Address

Suite 1009-702, 549, Achasan-ro, Guri-si, Gyeonggi-do, Korea

Date of Birth

08/05/1967

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

450,000,000

Employees

9

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea-Walkahill Branch

Corporate Registered No.

1101112-684903

Business Registered No.

101-81-90352

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

01/03/2003 Incorporated as the present name

15/17/2007 Changed company name to the present name

12/24/2007 Increased the authorized shares to 1,000,000 shares from 40,000 shares

02/25/2010 Moved to the present HQ address from 966, Siheung-dong, Geumcheon-gu, Seoul, Korea

11/01/2011 Increased capital to 450,000,000 KRW from 360,000,000 KRW

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Byung-Mok

Male

Korean

03/30/2006

Auditor

M/S.

Kim Hye-Kyung

Female

Korean

03/30/2009

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

10,342,000,000

3,138,000,000

88,000,000

2008

13,633,000,000

2,935,000,000

201,000,000

2007

8,954,000,000

1,331,000,000

102,000,000

2006

 

 

 

2005

 

 

 

2004

 

 

 

2003

 

 

 

The latest & full 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)

5,000,000,000

Paid-Up Capital(KRW)

450,000,000

Total Issued Shares

90,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Steel Plate

 

 

Trade Partners & Competitors

 

Competitors

B STEEL CORPORATION

C-126, MARTWORLD, 520-1, GAMJEON-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-70-4384-5058  FAX:+82-70-4384-5060

 

SUNGHO STEEL CO., LTD.

823, CHIMSAN 1-DONG, BUK-GU, DAEGU, KOREA

TEL:+82-53-356-3587  FAX:+82-53-351-7577

 

HAN MOO INC.

RM. 724, SUSEO HYUNDAI VENTURE VILLE, 713, SUSEO-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3474-5154  FAX:+82-2-3474-5032

 

 

Sales by Region (Activity & Markets)

 

The Subject exports to Bangladesh.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.14

UK Pound

1

Rs.86.00

Euro

1

Rs.68.31

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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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