|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
WOO SHIN CORPORATION |
|
|
|
|
Registered Office : |
578-5, Changsin-dong, Jongno-gu, Seoul Rm.803, 7FL. 110-855 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
line of business
: |
Subject is engaged in providing the supplies like
Surgical gloves to the general hospitals. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
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|
|
|
Litigation : |
-- |
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 |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible
growth and global integration to become a high-tech industrialized economy. In
the 1960s, GDP per capita was comparable with levels in the poorer countries of
Africa and Asia. In 2004, South Korea joined the trillion dollar club of world
economies, and currently is among the world's 20 largest economies. Initially,
a system of close government and business ties, including directed credit and
import restrictions, made this success possible. The government promoted the
import of raw materials and technology at the expense of consumer goods, and
encouraged savings and investment over consumption. The Asian financial crisis
of 1997-98 exposed longstanding weaknesses in South Korea''s development model
including high debt/equity ratios and massive short-term foreign borrowing. GDP
plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted
numerous economic reforms following the crisis, including greater openness to
foreign investment and imports. Growth moderated to about 4% annually between
2003 and 2007. With the global economic downturn in late 2008, South Korean GDP
growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began
to recover, in large part due to export growth, low interest rates, and an
expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South
Korea Free Trade Agreement was ratified by both governments and is projected to
go into effect in early 2012. The South Korean economy''s long term challenges
include a rapidly aging population, inflexible labor market, and heavy reliance
on exports - which comprise half of GDP.
|
Source
: CIA |
|
Company Name |
WOO SHIN CORPORATION (Korean Company Name : “N/A”) |
|
Registered Address |
578-5, Changsin-dong,
Jongno-gu, Seoul, Korea |
|
Building |
Rm.803, 7FL. |
|
Zip Code |
110-855 |
|
Tel |
+82-2-764 2816 |
|
Fax |
N/A |
|
E-mail |
stonsong@hanmail.net |
|
Trading Address |
Rm.803, 7FL., 578-5, Changsin-dong,
Jongno-gu, Seoul, Korea (New Address System : Rm.803, 20, Changsin-gil, Jongno-gu, Seoul, Korea) |
|
Tel |
+82-2-764 2816 |
|
Fax |
N/A |
|
Type |
N/A |
|
Industry |
N/A |
|
Established (mm/dd/yyyy) |
N/A |
The premises at the address have been owned
by Mr. Kim
Dal-Jun since 05/15/1982.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
N/A |
|
Name |
Kim Dal-Jun (Mobile : +82-11-213-2816) |
|
Address |
Rm.803, 7FL., 578-5, Changsin-dong,
Jongno-gu, Seoul, Korea |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to the Sole Proprietorship |
|
Employees |
N/A |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Shinhan Bank |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
N/A. (The numbers are kept by the National
Tax Service confidentially.) Because the subject’s full Business
Registered No., for checking through the National Tax Service whether the
subject is still existing or not, is not available, so we cannot confirm if
the subject exist or not legally.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
N/A |
We could not find the subject company at
Rm.803, 20, Changsin-gil, Jongno-gu, Seoul, Korea. But stonsong@hanmail.net
is owned by Mr. Song Ki-Seok who works for a company, called as Daehan Hospital
Management CO., Ltd. It is known that this company is engaged in providing the
supplies like Surgical gloves to the general hospitals.
The ownerships of phone number, +82-2-764 2816, and mobile number, +82-11-213-2816 are not identical who’s whom.
In our database, we could find the company called as WOOSHIN CORPORATION
at 4th Fl., Youngsung Bldg., 42-2, Yeongdeungpodong 5-ga, Yeongdeungpo-gu,
Seoul, Korea. And this company is engaged in all Kind of Industrial Work
Gloves.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Kim Dal-Jun |
Male |
Korean |
|
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.
|
Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Total Issued Shares |
Not Applicable to the Sole Proprietorship |
|
Main Products & Services |
N/A |
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.75 |
|
UK Pound |
1 |
Rs.85.07 |
|
Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.