MIRA INFORM REPORT

 

 

Report Date :

20.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SEA & TEC CO., LTD

 

 

Registered Office :

319, Angok-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea 621-872

 

 

Country :

South Korea

 

 

Date of Incorporation :

22.01.2010

 

 

Com. Reg. No.:

602-81-51037

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Industrial Un-vulcanized Rubber Products

 

 

No. of Employees :

16

 

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

SEA & TEC CO., LTD.

(Korean Company Name : “(주)씨앤텍”)

Registered Address

319, Angok-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea

Zip Code

621-872

Tel

+82-55-344-0047

Fax

+82-55-344-0049

E-mail

marketing@seantec.com

Website

www.seantec.com

Trading Address

319, Angok-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea

(New Address System : 460, Angok-ro, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea)

Tel

+82-55-344-0047

Fax

+82-55-344-0049

Type

Export/Import

Industry

Manufacture of Industrial Un-vulcanized Rubber Products

  Main Business

Rubber Fender

Established (mm/dd/yyyy)

01/22/2010

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Fencing(30152000)

Sell

Rubber plate(30102216)

 

 

CEO’s

 

Name

Gwak Byung-Wan

Address

Suite 106-1503, 510-27, Dongsam-dong, Yeongdo-gu, Busan, Korea

Date of Birth

10/30/1951

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

16

Formation

Co., Ltd by Shares

Bank Details

Kookmin Bank

Corporate Registered No.

180111-0702050

Business Registered No.

602-81-51037

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

GWAK BYUNG-WAN

10,400

52.00

GWAK SEOK

2,600

13.00

KIM BOK-JA

2,000

10.00

GWAK HYUN-WOO

2,000

10.00

GWAK HYUN-JAE

2,000

10.00

OTHERS

1,000

5.00

TOTAL

20,000

100.00

Company History

01/22/2010 Incorporated as ST Phantom Co., Ltd.

01/20/2011 Changed company name to the present name

01/18/2012 Moved to the present HQ address from 201-25, Dongsam-dong, Yeongdo-gu, Busan, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Gwak Byung-Wan

Male

Korean

01/22/2010

Director

Mr.

Gwak Hyun-Woo

Male

Korean

01/22/2010

Auditor

Mr.

Park Jung-Sik

Male

Korean

01/22/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

3,566,000,000

 

 

 

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)

400,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issued Shares

20,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Rubber Fender

 

Trade Partners & Competitors

 

Customers

 

Competitors

DONGIL RUBBER BELT CO., LTD.

7, GEUMSA-DONG, GEUMJEONG-GU, BUSAN, KOREA

TEL:+82-51-520-9000  FAX:+82-51-528-3523

 

HWASEUNG EXWILL CO., LTD.

7TH FL., JANGCHEON BLDG., 1287-21, YEONSAN 5-DONG, YEONJE-GU, BUSAN, KOREA

TEL:+82-51-860-3600  FAX:+82-51-863-3609

 

GATES KOREA CO., LTD.

29-195, BONRI-RI, NONGONG-EUP, DALSEONG-GUN, DAEGU, KOREA

TEL:+82-53-610-6100  FAX:+82-53-615-4987

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 55.38

UK Pound

1

Rs.86.74

Euro

1

Rs.68.06

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.