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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
MYOUNGJI
ELECTRIC CO. |
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Registered Office : |
Rm.102, Youngil Bldg. 199-4, Jangsa-dong, Jongno-gu, Seoul, Korea 110-430 |
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Country : |
South Korea |
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Date of Incorporation : |
11.11.1997 |
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Com. Reg. No.: |
202-01-16589 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Electrical Apparatuseses for Switching,
Protecting and Connecting Electrical Circuits Used in Power Distribution
Systems |
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No. of Employees : |
1 |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
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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 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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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 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 |
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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 |
MYOUNGJI
ELECTRIC CO. (Korean Company Name : 명지전기) |
|
Registered Address |
199-4, Jangsa-dong,
Jongno-gu, Seoul, Korea |
|
Building |
Rm.102, Youngil Bldg. |
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Zip Code |
110-430 |
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Tel |
+82-2-2275-8400 |
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Fax |
+82-2-2274-5320 |
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E-mail |
myoungzi1@korea.com |
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Website |
www.myoungjiele.co.kr |
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Trading Address |
Rm.102, Youngil Bldg., 199-4, Jangsa-dong, Jongno-gu, Seoul, Korea |
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Tel |
+82-2-2275-8400 |
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Fax |
+82-2-2274-5320 |
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Type |
Export/Import |
|
Industry |
Wholesales of Electrical Apparatuseses for Switching,
Protecting and Connecting Electrical Circuits Used in Power Distribution
Systems |
|
Main Business |
Timer, Socket Plugs, PLC, Contactor, Fuse |
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Established (mm/dd/yyyy) |
11/11/1997 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Switches and controls and relays and accessories(39121500) |
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Sell |
Integrated circuit sockets or mounts(32131006) |
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Sell |
Circuit protection devices and accessories(39121600) |
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Name |
Jang Sung-Hwan |
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Title |
Owner |
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Sex |
N/A |
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Nationality |
N/A |
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
1 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
202-01-16589 |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
11/11/1997 Established as the present name |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jang Sung-Hwan |
Male |
Korean |
11/11/1997 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
|
Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issued Shares |
Not Applicable to the Sole Proprietorship |
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Main Products & Services |
Timer, Socket Plugs, PLC, Contactor, Fuse Brand Name : Grasslin, Legrand, Hinode,
Siba, Siemens, Mennekes |
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Suppliers |
EM TEC CO., LTD. 167-6 DORIP-RI, BACKSA-MYEON, ICHEON-SHI,
GYUNGGIDO, 467-831, KOREA TEL:+82-31-634-3500 FAX:+82-31-634-3548 |
|
Competitors |
MICRO CONTACT SOLUTION CO., LTD. 91, OSAEKDANG-RI, SEONGGEO-EUP, SEOBUK-GU,
CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-621-4331~3 FAX:+82-41-621-4330 UG COM CO., LTD. 428, GALSAN 1-DONG, BUPYEONG-GU, INCHEON,
KOREA TEL:+82-32-529-5201 FAX:+82-32-529-5204 DUCKIL INDUSTRY CO., LTD. PYEONGTAEK INDUSTRIAL COMPLEX, 537-5,
SEGYO-DONG, PYEONGTAEK-SI, GYEONGGI-DO, KOREA TEL:+82-31-650-9700 FAX:+82-31-666-4713 |
(Activity &
Markets)
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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 SCs 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.