MIRA INFORM REPORT

 

 

Report Date :

07.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GEO CORPORATION LTD.

 

 

Registered Office :

180-12, Ogok-ri, Chirwon-myeon, Haman-gun, Gyeongsangnam-do, Korea 637-924

 

 

Country :

South Korea

 

 

Date of Incorporation :

23.04.2008

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Other Special Purpose machinery

 

 

No. of Employees :

3

 

 

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 :

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 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

GEO CORPORATION LTD.

(Korean Company Name : “()지이오코포레이션”)

Registered Address

180-12, Ogok-ri, Chirwon-myeon, Haman-gun, Gyeongsangnam-do, Korea

Zip Code

637-924

Tel

+82-55-589-8000

Fax

+82-55-589-8040

Trading Address

180-12, Ogok-ri, Chirwon-myeon, Haman-gun, Gyeongsangnam-do, Korea

Tel

+82-55-589-8000

Fax

+82-55-589-8040

Type

Export

Industry

Manufacture of Other Special Purpose machinery

  Main Business

CNG Dispense, CNG Machine & Parts, Gas Compressor

Established (mm/dd/yyyy)

04/23/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Gas compressors(40151604)

Sell

Air compressors(40151601)

 

 

CEO’s

 

Name

Kwon Byung-Soo

Address

Suite A-504, 9, Hongmun-dong, Masanhappo-gu, Changwon-si, Gyeongsangnam-do, Korea

Date of Birth

04/01/1967

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

60,000,000

Employees

3

Formation

Limited Liability Company

Bank Details

N/A

Corporate Registered No.

194314-0000721

Business Registered No.

608-81-***** (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

N/A

Shareholder Position

N/A

Company History

04/23/2008 Incorporated as the present name

10/20/2011 Increased capital to 120,000,000 KRW from 60,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kwon Byung-Soo

Male

Korean

04/23/2008

Director

Mr.

Kwon Whan-Ju

Male

Korean

04/23/2008

 

 

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 Limited Liability Company

Paid-Up Capital(KRW)

120,000,000

Total Issued Shares

Not Applicable to the Limited Liability Company

 

 

Products, Technologies, Services Description

 

Main Products & Services

CNG Dispense, CNG Machine & Parts, Gas Compressor

 

 


Trade Partners & Competitors

 

Competitors

BUMHAN INDUSTRIES CO., LTD.

654-4, BONGAM-DONG, MASANHOEWON-GU, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-251-6070  FAX:+82-55-251-6071

 

KUMI LTD.

331-2, YEONGCHEON-RI, DONGTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-206-2487  FAX:+82-31-206-2489

 

GURBONG HANJIN CO., LTD.

75-4, CHUNUI-DONG, WONMI-GU, BUCHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-32-682-2072  FAX:+82-32-682-2075

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

KWANGSHIN MACHINE INDUSTRY CO., LTD.(190111-0006947)

180-12, OGOK-RI, CHILWON-MYEON, HAMAN-GUN, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-589-8000  FAX:+82-55-589-8040

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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