MIRA INFORM REPORT

 

 

Report Date :           

09.03.2012

 

IDENTIFICATION DETAILS

 

Name :

P&A CORPORATION

 

 

Formerly Known As :

P&A Merchandising Corp.

 

 

Registered Office :

169-1, Samseong 1-dong, Gangnam-gu, Seoul, Korea, 5th Fl., Christian Literature Society of Korea Bldg., Zip Code 135-882

 

 

Country :

South Korea

 

 

Date of Incorporation :

24.04.1998

 

 

Com. Reg. No.:

120-81-79848

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Electrical Machinery and Related Materials

 

 

No. of Employees :

09

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

P&A CORPORATION

(Korean Company Name : “(주)피앤에이”)

Registered Address

169-1, Samseong 1-dong, Gangnam-gu, Seoul, Korea

Building

5th Fl., Christian Literature Society of Korea Bldg.

Zip Code

135-882

Tel

+82-2-553-1357~8

Fax

+82-2-553-1359

E-mail

pna@pnacorp.com

Website

www.pnacorp.com

Trading Address

5th Fl., Christian Literature Society of Korea Bldg., 169-1, Samseong 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-553-1357~8

Fax

+82-2-553-1359

Type

Export/Import

Industry

Wholesale of Electrical Machinery and Related Materials

  Main Business

Electronic Components, Condenser, Diode, IC, Fabrics

  Sub Business

Wholesale of Textiles

Established (mm/dd/yyyy)

04/24/1998

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Electronic component parts and raw materials and accessories(32131000)

Sell

Synthetic fabrics(11161800)

 

 

CEO’s

 

Name

Kim Heung-Shik

Address

Suite 104-2104, 9, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

05/21/1947

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

521,250,000

Employees

9

Formation

Co., Ltd by Shares

Foreign Direct Investment Corporation

Bank Details

Hana Bank-Samsung Dong Branch

Shinhan Bank

Corporate Registered No.

110111-1539224

Business Registered No.

120-81-79848

Permit & Licenses

Int’l Trade No.: 11518893

Shareholder Position

It is known that the subject has been invested from investor(GEMMA BETA HOLDINGS) in UK.

Company History

04/24/1998 Incorporated as P&A Merchandising Corp.

06/03/1998 Changed company name to the present name

06/23/1998 Increased the authorized shares to 160,000 shares from 40,000 shares

06/26/1998 Increased capital to 521,250,000 KRW from 200,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Heung-Shik

Male

Korean

04/24/1998

Director

M/S.

Kim Joo-Young

Female

Korean

11/26/2008

Director

Mr.

Kim Ji-Hoon

Male

Korean

03/03/2007

Auditor

M/S.

Jung Ok-Cheol

Female

Korean

04/24/1998

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

64,997,000,000

 

 

2009

50,257,000,000

 

 

2008

 

 

 

2007

43,376,000,000

 

 

2006

26,632,000,000

 

 

The 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)

800,000,000

Paid-Up Capital(KRW)

521,250,000

Total Issued Shares

104,250

 

Products, Technologies, Services Description

 

Main Products & Services

Electronic Components, Fabrics & Textiles

 

 

Trade Partners & Competitors

 

Competitors

DYM CO., LTD.

624-2, EOPSEONG-DONG, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-621-6250  FAX:+82-41-621-8420

 

JUNGWOO TRADING CO., LTD.

869-11, EOGOK-DONG, YANGSAN-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-386-5003  FAX:+82-55-364-1778

 

HUMADE CORPORATION

RM. 2310, MASTERS TOWER BLDG., 553, DOHWA 1-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-3275-5155~8  FAX:+82-2-3275-5157

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Major Shareholders

GEMMA BETA HOLDINGS(UK)

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in UK.

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.57

UK Pound

1

Rs.79.57

Euro

1

Rs.66.50

 

 

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.