MIRA INFORM REPORT

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ROKSAN INDUSTRIAL CO., LTD.

 

 

Registered Office :

50-10, Chungmuro 2-ga, Jung-gu, Seoul, Korea, Rm. 1302, Joyang Bldg., Zip Code 100-861

 

 

Country :

South Korea

 

 

Date of Incorporation :

09.01.1984

 

 

Com. Reg. No.:

201-81-12734

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesaler of Other Industrial Machinery and Equipment

 

 

No. of Employees :

06

 

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 :

Moderate

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

ROKSAN INDUSTRIAL CO., LTD.

(Korean Company Name : “록산무역(주)”)

Registered Address

50-10, Chungmuro 2-ga, Jung-gu, Seoul, Korea

Building

Rm. 1302, Joyang Bldg.

Zip Code

100-861

Tel

+82-2-2269-0673~5

Fax

+82-2-2269-0676

E-mail

roksanco@chollian.net

Website

www.roksan.co.kr

Trading Address

Rm. 1302, Joyang Bldg., 50-10, Chungmuro 2-ga, Jung-gu, Seoul, Korea

Tel

+82-2-2269-0673~5

Fax

+82-2-2269-0676

Type

Export

Industry

Wholesale of Other Industrial Machinery and Equipment

  Main Business

Drawing Machine, Stranding Machine, Plastic Extrusion Coating Machine, Electric Wire, Wire Rope, Cable

Established (mm/dd/yyyy)

01/09/1984

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Machine tools(23171600)

Sell

Industrial process machinery and equipment and supplies(23150000)

Sell

Electrical wire and cable and harness(26120000)

Sell

Industrial Manufacturing and Processing Machinery and Accessories(23000000)

 

 

CEO’s

 

Name

Chung Jun-Han

Address

Suite 101-203, 603, Geumgok-dong, Namyangju-si, Gyeonggi-do, Korea

Date of Birth

12/06/1948

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

6

Formation

Co., Ltd by shares

Bank Details

Shinhan Bank-Chungmuro Branch

Corporate Registered No.

110111-0363335

Business Registered No.

201-81-12734

Permit & Licenses

Int’l Trade No.: 840301

Shareholder Position

N/A

Company History

01/09/1984 Incorporated as the present name

03/01/2006 Moved to the present HQ address from 49-17, Chungmuro 2-ga, Jung-gu, Seoul, Korea

12/22/2011 Increased capital to 200,000,000 KRW from 100,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Chung Jun-Han

Male

Korean

03/31/2010

Director

Mr.

Jung Sang-Hyun

Male

Korean

11/30/2011

Auditor

M/S.

Seo Kyung-Sun

Female

Korean

04/16/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2008

25,692,000,000

 

 

2007

18,998,000,000

 

 

2006

9,397,000,000

2,854,000,000

103,000,000

2005

7,941,000,000

 

 

2004

6,495,000,000

 

 

 

The latest & full 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)

200,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issued Shares

40,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Turret type recoiler (slitter line)

Various commutation cables

Coating machine

Nonwoven polyester tape for electrical and commutation

Polyester film

Tublar type stranding machine for steel-core

Power cables

Semi conductive XLPE compound for inner and outer

Optical fiber cables

 

 

Trade Partners & Competitors

 

Competitors

STECO CO., LTD.

4TH FL., YANGSAN CHAMBER OF COMMERCE & INDUSTRY, 148-35, BUKBU-DONG, YANGSAN-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-383-8590  FAX:+82-55-383-8592

 

DAE SUNG HI-TECH CO., LTD.

922-5, WORAM-DONG, DALSEO-GU, DAEGU, KOREA

TEL:+82-53-608-3600  FAX:+82-53-592-6559

 

HAEDONG INDUSTRIES CO., LTD.

2001-1, ANHA-RI, HALLIM-MYEON, GIMHAE-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-345-2855  FAX:+82-55-345-2669

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Middle East and South East Asia.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.83

UK Pound

1

Rs.87.41

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.