MIRA INFORM REPORT

 

 

Report Date :

13.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SN MARINE TECH CO., LTD.

 

 

Registered Office :

1689-29, Nanjeon-ri, Samho-eup, Yeongam-gun, Jeollanam-do

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

26.09.2011

 

 

Com. Reg. No.:

411-81-70011

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Transportation Equipment

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

Payment Behaviour :

--

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

(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

SN MARINE TECH CO., LTD.

Registered Address

1689-29, Nanjeon-ri, Samho-eup, Yeongam-gun, Jeollanam-do, Korea

Zip Code

526-892

Tel

+82-61-464-9661

Fax

+82-61-464-9663

E-mail

hs@snmt.co.kr

Trading Address

1689-29, Nanjeon-ri, Samho-eup, Yeongam-gun, Jeollanam-do, Korea

Tel

+82-61-464-9661

Fax

+82-61-464-9663

Type

Export

Industry

Wholesale of Transportation Equipment

  Main Business

Ship Engine Parts

Established (mm/dd/yyyy)

09/26/2011

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Engine components and accessories(26101700)

Sell

Transport arrangements(78141500)

Sell

International trade services(80151600)

Sell

Freight forwarders services(78141501)

 

 

CEO’s

 

Name

Na Gyon

Address

Suite 210-302, 122, Hambak-ro, Gimhae-si, Gyeongsangnam-do, Korea

Date of Birth

04/07/1963

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

10

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

205411-0019813

Business Registered No.

411-81-70011

Permit & Licenses

Int’l Trade No.: 30700044

Shareholder Position

N/A

Company History

09/26/2011 Incorporated as the present name

 

 

Detailed Information

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Na Gyon

Male

Korean

09/26/2011

Auditor

Mr.

Kim Young-Tae

Male

Korean

09/26/2011

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

163,879,000

670,170,000

4,612,000

 

 

Financial Description

 

Authorized Capital(KRW)

800,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issued Shares

20,000

 

Balance Sheet

Unit : Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Total Assets

670,170,000

 

 

Current Assets

442,670,000

 

 

-Quick Assets

-

 

 

-Inventories

-

 

 

Fixed Assets

227,500,000

 

 

-Investment

-

 

 

-Tangibles

-

 

 

-Intangibles

-

 

 

Total Liabilities

465,558,000

 

 

Current Liabilities

462,558,000

 

 

Fixed Liabilities

3,000,000

 

 

Capital Stock

-

 

 

Capital Surplus

-

 

 

Profit Surplus

-

 

 

Capital Adjustment

-

 

 

Total Equity

204,612,000

 

 

Liab. & Shareholder’s Equity

670,170,000

 

 

 

Income Statement

Unit : Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Sales

163,879,000

 

 

Cost of Sold Goods

105,030,000

 

 

Gross Profit

58,849,000

 

 

Selling & Admin. Expenses

53,026,000

 

 

Operating Income

5,823,000

 

 

Non-Operating Income

3,000,000

 

 

Non-Operating Expenses

1,320,000

 

 

Income Before Taxes

5,015,000

 

 

Income Taxes Expenses

-

 

 

Net Income

4,612,000

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Ship Engine Parts

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

KOREA MARINE ENGINEERING CO., LTD.

983-4, DONGSAM 2-DONG, YEONGDO-GU, BUSAN, KOREA

TEL:+82-51-415-1449  FAX:+82-51-415-2005

 

K MARINE CO., LTD.

RM. 902, WANGJA BLDG., 1196-1, CHORYANG 3-DONG, DONG-GU, BUSAN, KOREA

TEL:+82-51-464-8205~7  FAX:+82-51-464-8208

 

COMACO INTERNATIONAL CO., LTD.

141-74, NAMHANGDONG 3-GA, YEONGDO-GU, BUSAN, KOREA

TEL:+82-51-414-9868~9  FAX:+82-51-414-9870

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.86.28

Euro

1

Rs.68.15

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.