MIRA INFORM REPORT

 

 

Report Date :

22.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SOGO ENTERPRISE CO., LTD.

 

 

Registered Office :

908-7, Suchon-ri, Jangan-myeon, Hwaseong-si, Gyeonggi-do, Korea 445-944

 

 

Country :

South Korea

 

 

Financials (as on) :

120-81-95606

 

 

Date of Incorporation :

26.10.1999

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Synthetic Colouring Matter, Tanning Materials and Other Coloring Agents

 

 

No. of Employees :

25

 

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 :

No Complaints

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 Information

 

Company Name

SOGO ENTERPRISE CO., LTD.

(Korean Company Name : “소고상사()’)

Registered Address

908-7, Suchon-ri, Jangan-myeon, Hwaseong-si, Gyeonggi-do, Korea

Zip Code

445-944

Tel

+82-31-351-3985

Fax

+82-31-351-3964

Trading Address

908-7, Suchon-ri, Jangan-myeon, Hwaseong-si, Gyeonggi-do, Korea

Tel

+82-31-351-3985

Fax

+82-31-351-3964

Type

Export/Import

Industry

Manufacture of Synthetic Colouring Matter, Tanning Materials and Other Coloring Agents

  Main Business

Surfactant, Detergent, Fatliquor

  Sub Business

Manufacture of Surface-Active Agents

Established (mm/dd/yyyy)

10/26/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Tanning products(31221600)

Sell

Waxes(12181500)

 

 

CEO’s

 

Name

Jung Oon-Gil

Address

Suite 2806, 27, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

01/11/1960

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

25

Formation

Co., Ltd by Shares

Bank Details

Kookmin Bank-Jamsil Branch

Corporate Registered No.

110111-1796311

Business Registered No.

120-81-95606

Permit & Licenses

Int’l Trade No.: 11256807

Shareholder Position

N/A

Company History

03/01/1991 Established as SOGO ENTERPRISE CO.(Sole Proprietorship)

10/26/1999 Incorporated as the present name

09/06/2006 Moved to the present HQ address from 725, Suseo-dong, Gangnam-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Jung Oon-Gil

Male

Korean

06/30/2003

Director

Mr.

Kim Jin-Soo

Male

Korean

03/31/2011

Auditor

Mr.

Jung Oon-Yong

Male

Korean

10/26/1999

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

2005

 

 

 

2004

8,621,000,000

 

 

2003

6,264,000,000

 

 

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)

50,000,000

Total Issued Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Surfactant, Detergent, Fatliquor

 

Trade Partners & Competitors

 

Competitors

MIWON COMMERCIAL CO., LTD.

7B-12, BANWOL INDUSTRIAL COMPLEX, 405-3, MONGNAE-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-491-6249  FAX:+82-31-491-7228

 

IL SAM CO., LTD.

27-15, BONGILCHEON-RI, JORI-EUP, PAJU-SI, GYEONGGI-DO, KOREA

TEL:+82-2-757-1361  FAX:+82-2-755-1320

 

SFC CO., LTD.

11-04-0007, NATIONAL INDUSTRIAL COMPLEX, HWACHI-DONG, YEOSU-SI, JEOLLANAM-DO, KOREA

TEL:+82-61-685-8865  FAX:+82-61-685-8860

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China and Japan.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.88.45

Euro

1

Rs.71.52

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.