MIRA INFORM REPORT

 

 

Report Date :

09.01.2012

 

IDENTIFICATION DETAILS

 

Name :

PASCO CO., LTD.

 

 

Registered Office :

640-2, Gajwa-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

 

 

Country :

South Korea

 

 

Date of Incorporation :

13.04.2011

 

 

Com. Reg. No.:

285011-0194849

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales of Steel Products

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

 

 

Status :

New 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

PASCO CO., LTD.

(Korean Company Name : “파스코(주)”)

Registered Address

640-2, Gajwa-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

Zip Code

411-440

Tel

+82-31-914-0784

Fax

+82-31-914-0783

Trading Address

640-2, Gajwa-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-31-914-0784

Fax

+82-31-914-0783

Type

Export/Import

Industry

Wholesales of Steel Products

  Main Business

Steel Products, Stone Products

Established (mm/dd/yyyy)

04/13/2011

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Steel(11101704)

 

 

CEO’s

 

Name

Hong Seung-Cheol

Address

Suite 102-102, 520, Yeomni-dong, Mapo-gu, Seoul, Korea

Date of Birth

12/20/1972

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.

285011-0194849

Business Registered No.

N/A. (The 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

04/13/2011 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Hong Seung-Cheol

Male

Korean

04/13/2011

Auditor

M/S.

Oh Hyun-Joo

Female

Korean

04/13/2011

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Steel Products, Stone Products

 

 

Trade Partners & Competitors

 

Competitors

DAWOO STEEL TRADING CO., LTD.

D-2109, MOKDONG TWIN VILL, MOK 5-DONG, YANGCHEON-GU, SEOUL, KOREA

TEL:+82-2-2646-8027~9  FAX:+82-2-2646-8012~3

 

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

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.73

UK Pound

1

Rs.81.33

Euro

1

Rs.67.00

 

 

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.