MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

ATS INTERNATIONAL CO., LTD.

 

 

Registered Office :

702-23, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea, Rm. 707, Phoenix Bldg., Zip Code 135-513

 

 

Country :

South Korea

 

 

Date of Incorporation :

07.03.2002

 

 

Com. Reg. No.:

220-86-32298

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesaler of Medical, Precision and Scientific Instruments and Equipment

 

 

No. of Employees :

05 employees

 

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 :

Slow but Correct

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

ATS INTERNATIONAL CO., LTD.

(Korean Company Name : “(주)에이티에스무역”)

Registered Address

702-23, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Building

Rm. 707, Phoenix Bldg.

Zip Code

135-513

Tel

+82-2-2051-2650~4

Fax

+82-2-2051-2655

E-mail

daniel@atsk.com;daniel@atsk.com

Website

www.atsk.com

Trading Address

Rm. 707, Phoenix Bldg., 702-23, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-2051-2650~4

Fax

+82-2-2051-2655

Type

Export

Industry

Wholesale of Medical, Precision and Scientific Instruments and Equipment

  Main Business

Blood Glucose Test Meter, Rice Color Sorter, Vacuum Bag Sealer

Established (mm/dd/yyyy)

03/07/2002

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Grain analyzers(41112701)

Sell

Packaging machinery(23152900)

Sell

Packaging paper(14121504)

Sell

Other domestic household appliances(52141800)

 

 

CEO’s

 

Name

Shin Seok-Hyun

Address

Suite 101-202, 511, Daechi-dong, Gangnam-gu, Seoul, Korea

Date of Birth

11/22/1958

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

130,000,000

Employees

5

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea-Teheran Branch

Corporate Registered No.

110111-2463753

Business Registered No.

220-86-32298

Permit & Licenses

Int’l Trade No.: 11661757

Shareholder Position

N/A

Company History

07/14/199 Established as ATS INTERNATIONAL CO.(Sole Proprietorship)

03/07/2002 Incorporated as the present name

11/2004 Awarded US$ 10 Million Export Top Prize

11/04/2005 Increased capital to 130,000,000 KRW from 100,000,000 KRW

03/11/2006 Moved to the present HQ address from 702-10, Yeoksam-dong, Gangnam-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Shin Seok-Hyun

Male

Korean

03/31/2008

Auditor

M/S.

Park Yoon-Sook

Female

Korean

03/31/2008

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2009

4,400,000,000

1,654,000,000

32,000,000

2008

3,259,000,000

1,775,000,000

21,000,000

2007

2,991,000,000

1,942,000,000

-97,000,000

 

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)

400,00,000

Paid-Up Capital(KRW)

130,00,000

Total Issues Shares

26,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Blood Glucose Test Meter, Rice Color Sorter, Vacuum Bag Sealer

 

Trade Partners & Competitors

 

Competitors

DAEWON GSI CO., LTD.

990-2, GEUMSAN-RI, WAEGWAN-EUP, CHILGOK-GUN, GYEONGSANGBUK-DO, KOREA

TEL:+82-54-973-2221~8  FAX:+82-54-973-2230

 

HANSUNG ENGINEERING CO., LTD.

586, PUNGSEO-RI, PUNGSE-MYEON, DONGNAM-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-553-4561  FAX:+82-41-553-6053

 

HAN JAM MACHINERY CO., LTD.

123-6, HA-RI, YEOJU-EUP, YEOJU-GUN, GYEONGGI-DO, KOREA

TEL:+82-31-883-9559  FAX:+82-31-884-0598

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to China, India, Thailand, USA and Europe.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.