MIRA INFORM REPORT

 

 

Report Date :

10.02.2012

 

IDENTIFICATION DETAILS

 

Name :

SUJIN INTERNATIONAL CORP.

 

 

Registered Office :

Rm. 209, Pureun Office 111, Yeongdeungpobon-dong, Yeongdeungpo-gu, Seoul, Korea 150-838

 

 

Country :

South Korea

 

 

Date of Incorporation :

14.04.2009

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Synthetic Rubber and Plastics Materials

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Concern 

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 – September 30, 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

Restricted

 

C2

Off-credit

 

D

 

Basic Information

 

Company Name

SUJIN INTERNATIONAL CORP.

(Korean Company Name : “수진인터내쇼널”)

Registered Address

111, Yeongdeungpobon-dong, Yeongdeungpo-gu, Seoul, Korea

Building

Rm. 209, Pureun Office

Zip Code

150-838

Tel

+82-2-2633-7420

Fax

+82-2-2633-7421

Trading Address

Rm. 209, Pureun Office, 111, Yeongdeungpobon-dong, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-2633-7420

Fax

+82-2-2633-7421

Type

Export

Industry

Wholesale of Synthetic Rubber and Plastics Materials

  Main Business

PVC Resin, PVC Stabilizers, Hydrotalcite (LDH), White Mineral Oils, Test and Measuring Instruments

Established (mm/dd/yyyy)

04/14/2009

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Polystyrene resin(13111023)

Sell

High Density Polyethylene HDPE(13102017)

Sell

Polyvinyl Chloride PVC(13102030)

Sell

Polypropylene PP(13102022)

 

 

CEO’s

 

Name

Shin Keun-Shik

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

N/A

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

138-05-*****(The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

04/14/2009 Established as the present name

 

(*) It is known that the subject had operated the same named company(107-11-*****) at Rm. 418, Ducksu Bldg., 153-1, Yeongdeungpo-dong 4-ga, Yeongdeungpo-gu, Seoul, Korea. But it is also known that this company has been closed. We guess Mr. Shin Keun-Shik operated Ex. SUJIN INTERNATIONAL CORP. and closed this company. And it seems that he re-established the subject company, SUJIN INTERNATIONAL CORP. again as another business entity.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Shin Keun-Shik

Male

Korean

04/14/2009

 

 

Financials

 

The 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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issued Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

PVC Resin

 

 

Trade Partners & Competitors

 

Competitors

WOORI P & C CORPORATION

7TH FL., HIGLO BLDG., 914-1, DAECHI 4-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3432-2800  FAX:+82-2-3432-4695

 

HANYONG CORPORATION

RM. 814, MILLIANA 2-CHA OFFICETEL, 79-5, GARAKBON-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-3401-9850  FAX:+82-2-3401-9870

 

JW & Y CORPORATION

RM. 903, HYODEOK BLDG., 32, EULJIRO 1-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-773-4062  FAX:+82-2-773-4063

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to China.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.29

UK Pound

1

Rs.78.10

Euro

1

Rs.65.59

 

 

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.