|
Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SIN YANG CO LTD. |
|
|
|
|
Registered Office : |
381-1, Namjeong-ri, Sindun-myeon, Icheon-si, |
|
|
|
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Country : |
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|
|
|
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Date of Incorporation : |
12.03.1987 |
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|
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Com. Reg. No.: |
126-81-05081 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
Manufacture of Other Paper and Board Paper |
|
|
|
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No. of Employees : |
32 |
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 |
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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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
SIN YANG CO LTD. (Korean Company Name : “(주)신양”) |
|
Registered Address |
381-1, Namjeong-ri,
Sindun-myeon, Icheon-si, |
|
Zip Code |
467-842 |
|
Tel |
+82-31-632-6040 |
|
Fax |
+82-31-632-7749 |
|
E-mail |
|
|
Trading Address |
381-1, Namjeong-ri,
Sindun-myeon, Icheon-si, |
|
Tel |
+82-31-632-6040 |
|
Fax |
+82-31-632-7749 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Paper and Board Paper |
|
Main Business |
Synthetic Textiles, Paper Printing &
Punching for Tobacco Filer, Electronic Components |
|
Established (mm/dd/yyyy) |
03/12/1987 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Cardboard(14121503) |
|
Name |
Cho Kyung-Je |
|
Address |
Suite 105-1404, 391, Yatap-dong,
Bundang-gu, Seongnam-si, |
|
Date of Birth |
03/20/1950 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
100,000,000 |
|
Employees |
32 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Shinhan Bank-Icheon Branch |
|
Corporate Registered No. |
134411-0001915 |
|
Business Registered No. |
126-81-05081 |
|
Permit & Licenses |
Int’l Trade No.: 471086 |
|
Shareholder Position |
N/A |
|
Company History |
03/12/1987 incorporated as the present name |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Cho Kyung-Je |
Male |
Korean |
03/30/2001 |
|
Director |
Mr. |
Lee Jae-Seob |
Male |
Korean |
03/30/2001 |
|
Director |
M/S. |
Kim Hye-Sook |
Female |
Korean |
03/30/2001 |
|
Auditor |
M/S. |
Kwon Young-Soon |
Female |
Korean |
03/30/2001 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2006 |
2,353,000,000 |
1,170,000,000 |
143,000,000 |
|
2005 |
2,136,000,000 |
989,000,000 |
63,000,000 |
|
2004 |
3,263,000,000 |
936,000,000 |
154,000,000 |
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issues Shares |
20,000 |
|
Main Products & Services |
Synthetic Textiles, Paper Printing &
Punching for Tobacco Filer, Electronic Components |
|
Customers |
KT&G CORPORATION(160111-0067804) |
|
Competitors |
SAM BO CORRUGATED BOARD CO., LTD. 195, CHUNUI-DONG, WONMI-GU, BUCHEON-SI, TEL:+82-32-662-2227 FAX:+82-32-653-4300 KWANG SIN PANJI CO., LTD. 23B-10L, 770, WONSI-DONG, DANWON-GU,
ANSAN-SI, TEL:+82-31-490-7514 FAX:+82-31-492-6676 YU JIN FIBRE BOARD IND. CO., LTD. 4NA-201, SIHWA INDUSTRIAL COMPLEX, 1293,
JEONGWANG 1-DONG, SIHEUNG-SI, TEL:+82-31-488-7000 FAX:+82-31-488-7029 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
UNION TECH CO., LTD.(134211-0001787) |
(Activity & Markets)
The Subject deals
with the companies in
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.38 |
|
|
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.05 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.