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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SONG & COMPANY LTD. |
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Registered Office : |
177-2, Bangi dong, Songpa-gu, |
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Country : |
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Date of Incorporation : |
14.11.1989 |
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Com. Reg. No.: |
220-81-32328 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Other Industrial Machinery and Equipment |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 |
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Restricted |
C2 |
|
Off-credit |
D |
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Company Name |
SONG & COMPANY LTD. (Korean Company Name : “소호무역(주)”) |
|
Registered Address |
177-2, Bangi dong, Songpa-gu, |
|
Building |
Rm.1401, Richville |
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Zip Code |
138-050 |
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Tel |
+82-2-563-2141 |
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Fax |
+82-2-563-2149 |
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E-mail |
|
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Trading Address |
Rm.1401, Richville, 177-2, Bangi dong,
Songpa-gu, |
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Tel |
+82-2-563-2141 |
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Fax |
+82-2-563-2149 |
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Type |
Export/Import |
|
Industry |
Wholesale of Other Industrial Machinery and Equipment |
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Main Business |
Industrial Machinery and Equipment, Chemicals, Construction Materials |
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Established (mm/dd/yyyy) |
11/14/1989 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Printing machinery and equipment(45101500) |
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Name |
Song Tae-Geun |
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Address |
|
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Date of Birth |
08/12/1946 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
|
Employees |
7 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Woori Bank-Yeoksam Dong Branch |
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Corporate Registered No. |
110111-0658546 |
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Business Registered No. |
220-81-32328 |
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Permit & Licenses |
Int’l Trade No.: 11272681 |
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Shareholder Position |
N/A |
|
Company History |
11/14/1989 Incorporated as the present name
at Sambon Bldg., 689-1, Yeoksam-dong, Gangnam-gu, 12/21/2007 Moved to the present HQ address
from 236, Nonhyeon-dong, Gangnam-gu, |
|
|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Song Tae-Geun |
Male |
Korean |
11/14/1992 |
|
Director |
Mr. |
Sung Ok-Kyung |
Male |
Korean |
02/26/1993 |
|
Auditor |
Mr. |
Song Young-Geun |
Male |
Korean |
03/28/1994 |
The 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) |
50,000,000 |
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Total Issued Shares |
10,000 |
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Main Products & Services |
Automatic paint dosing system High speed printing machinery Low speed printing machinery Screen preparation equipment Ecopacker Robotizer |
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Suppliers |
TEL:+31-13-50-466-55 FAX:+31-13-504-66-50 |
|
Competitors |
SUNGDO SOLUWIN INC. 12TH FL., SEOUL FOREST KOLON DIGITAL TOWER 3-CHA,
14-18, SEONGSU 1-GA 2-DONG, SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-3406-7031 FAX:+82-2-3406-7030 KANAM DEVELOPMENT CORP. 405-2, DANGJEONG-DONG, GUNPO-SI, TEL:+82-31-436-0660 FAX:+82-31-436-0670 SEIL PS INDUSTRIAL CO., LTD. 2DA-712, SIHWA INDUSTRIAL COMPLEX, 1257-11,
JEONGWANG 2-DONG, SIHEUNG-SI, TEL:+82-31-434-6591 FAX:+82-31-434-6598 |
(Activity &
Markets)
The Subject imports
from European Countries, and exports to South Asian Countries.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
|
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
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.