MIRA INFORM REPORT

 

 

Report Date :

26.03.2012

 

 

 

Tel. No.:

82 2 7847092-4

Fax No.:

82 2 784 7095

 

IDENTIFICATION DETAILS

 

Name :

R&S CO., LTD.

 

 

Registered Office :

43-3, Yeouido-dong, Yeongdeungpo-gu, Seoul,

 

 

Country :

South Korea

 

 

Date of Incorporation :

23.02.1998

 

 

Com. Reg. No.:

116-81-67964

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Synthetic Rubber and Plastics Materials

 

 

No. of Employees :

4

 

 

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 – September 30, 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

R&S CO., LTD.

(English Company Name : ARENES CO., LTD.)

(Korean Company Name : “()아레네스”)

Registered Address

43-3, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Building

Rm. 902-B, Hong-u Bldg.

Zip Code

150-889

Tel

+82-2-784-7092~4

Fax

+82-2-784-7095

E-mail

arenes@kotis.net

Trading Address

Rm. 902-B, Hong-u Bldg., 43-3, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-784-7092~4

Fax

+82-2-784-7095

Type

Export

Industry

Wholesale of Synthetic Rubber and Plastics Materials

  Main Business

Plastic Materials, Machinery

  Sub Business

Wholesale of Other Industrial Machinery and Equipment

Established (mm/dd/yyyy)

02/23/1998

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Resins(13111000)

 

 

CEO’s

 

Name

Rhee Seong-Hoon

Address

Suite 1711-1001, 120, Juyeop-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

09/01/1953

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

4

Formation

Co., Ltd by Shares

Bank Details

Hana Bank

Corporate Registered No.

110111-1515696

Business Registered No.

116-81-67964

Permit & Licenses

Int’l Trade No.: 11513140

Shareholder Position

N/A

Company History

02/23/1998 Incorporated as the present name

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Rhee Seong-Hoon

Male

Korean

12/28/2005

Director

Mr.

Shin Young-Sil

Male

Korean

12/28/2005

Director

Mr.

Lee Se-Keun

Male

Korean

12/28/2005

Auditor

M/S.

Cho Bo-Won

Female

Korean

12/28/2005

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

2005

 

 

 

2004

 

 

 

2003

 

 

 

The 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 Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Plastic Materials, Machinery

 

 

Trade Partners & Competitors

 

Competitors

DONGSUNG CHEMICAL CO., LTD.

472, SINPYEONG 1-DONG, SAHA-GU, BUSAN, KOREA

TEL:+82-51-200-4500  FAX:+82-51-204-5636

 

KYUNG WON NEW MATERIALS INC.

329-1, BOCHE-RI, MIYANG-MYEON, ANSEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-677-7411~5  FAX:+82-31-677-7410

 

JINDO CHEMICAL CO., LTD.

1MA-210, SIHWA INDUSTRIAL COMPLEX, 1352, JEONGWANG-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-499-9933  FAX:+82-31-499-9937

 

 

Sales by Region (Activity & Markets)

 

The Subject exports to Bangladesh and Pakistan.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.90

UK Pound

1

Rs.80.77

Euro

1

Rs.67.40

 

 

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.