MIRA INFORM REPORT

 

 

Report Date :           

02.01.2012

 

IDENTIFICATION DETAILS

 

Name :

METAL ONE KOREA LTD.

 

 

Registered Office :

275-3, Yangjae 2-dong, Seocho-gu, Seoul, Rm. 1303, Twin Tower

 

 

Country :

South Korea

 

 

Date of Incorporation :

13.05.2009

 

 

Com. Reg. No.:

Not available

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Basic Metals

 

 

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 Company 

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 30th, 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

 

Company Name

METAL ONE KOREA LTD.

(Korean Company Name : “(주)메탈원코리아”)

Registered Address

275-3, Yangjae 2-dong, Seocho-gu, Seoul, Korea

Building

Rm. 1303, Twin Tower

Zip Code

137-944

Tel

+82-2-571-0019

Fax

+82-2-571-0605

E-mail

dsshin88@hotmail.com

Trading Address

Rm. 1303, Twin Tower, 275-3, Yangjae 2-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-571-0019

Fax

+82-2-571-0605

Type

Export

Industry

Wholesale of Basic Metals

  Main Business

Secondary & Prime Steel, Steel Plate, Color Steel Plate, CR, EGI, GL

Established (mm/dd/yyyy)

05/13/2009

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Steel(11101704)

 

 

CEO’s

 

Name

Shin Dae-Sik

Address

Suite 104-104, 1529, Myeonmok-dong, Jungnang-gu, Seoul, Korea

Date of Birth

11/15/1969

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-4094431

Business Registered No.

214-88-***** (The full numbers are kept by the National Tax Service confidentially.)

Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)

Permit & Licenses

Int’l Trade No.: 30649488

Shareholder Position

N/A

Company History

05/13/2009 Incorporated as the present name

(*) The Subject has been established with the minimum paid up capital, 10,000,000 KRW, based on the Special Law for assisting Small Enterprises and Entrepreneurs.

11/09/2011 Increased the authorized shares to 100,000 shares from 8,000 shares

11/12/2011 Increased capital to 50,000,000 KRW from 10,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Shin Dae-Sik

Male

Korean

05/13/2009

Auditor

M/S.

Sohn Jung-Ah

Female

Korean

05/13/2009

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

 

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)

500,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Secondary & Prime Steel, Steel Plate, Color Steel Plate, CR, EGI, GL

 

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

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Cooperative Enterprise

JIN METAL KOREA CO., LTD.(110111-3129578)

RM.1820, SAMHO CO. A-BLDG., 275-1, YANGJAE 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-571-0019  FAX:+82-2-571-0605

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to China and South East Asia.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.27

UK Pound

1

Rs.82.09

Euro

1

Rs.68.90

 

 

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.