|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
EONVISTA |
|
|
|
|
Registered Office : |
5th Fl., Newertech Bldg. 820-1, Bangbae 4-dong, Seocho-gu, Seoul,
Korea 137-832 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
15.07.2004 |
|
|
|
|
Com. Reg. No.: |
110-81-66948 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesale of Cosmetics |
|
|
|
|
No. of Employees : |
12 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 |
EONVISTA (Korean Company Name
: “(주)이온비스타”) |
|
Registered Address |
820-1, Bangbae 4-dong, Seocho-gu, Seoul,
Korea |
|
Building |
5th Fl., Newertech Bldg. |
|
Zip Code |
137-832 |
|
Tel |
+82-2-546-7424 |
|
Fax |
+82-2-546-7428 |
|
E-mail |
rayum@eonvista.com |
|
Website |
www.caudalie.co.kr |
|
Trading Address |
5th Fl., Newertech Bldg., 820-1, Bangbae
4-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-546-7424 |
|
Fax |
+82-2-546-7428 |
|
Type |
Import |
|
Industry |
Wholesale of Cosmetics |
|
Main Business |
Cosmetics |
|
Established (mm/dd/yyyy) |
07/15/2004 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Cosmetics(53131619) |
|
Name |
Eum Jung-Hak |
|
Address |
Suite 113-703, 509, Amsa-dong, Gangdong-gu,
Seoul, Korea |
|
Date of Birth |
04/30/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
400,000,000 |
|
Employees |
12 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Hana Bank (A/C No.: 560-910004-89304) |
|
Corporate Registered No. |
1101113-050848 |
|
Business Registered No. |
110-81-66948 |
|
Permit & Licenses |
Int’l Trade No.: 45194689 |
|
Shareholder Position |
N/A |
|
Company History |
07/15/2004 Incorporated as the present name 11/21/2006 Moved to the present HQ address from
7-10, Nonhyeon-dong, Gangnam-gu, Seoul, Korea 06/19/2012 Increased the authorized shares
to 1,000,000 shares from 40,000 shares 06/20/2012 Increased capital to 400,000,000
KRW from 200,000,000 KRW |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Eum Jung-Hak |
Male |
Korean |
03/31/2011 |
|
Director |
Mr. |
Eum Jae-Hyuck |
Male |
Korean |
03/31/2011 |
|
Director |
Mr. |
Jung Hwa-Yeon |
Male |
Korean |
03/31/2011 |
|
Auditor |
Mr. |
Jung Seok-Eon |
Male |
Korean |
08/22/2005 |
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
400,000,000 |
|
Total Issued Shares |
80,000 |
|
Main Products & Services |
Cosmetics |
|
Competitors |
HANBUL COSMETICS CO., LTD. 249, NONHYEON 2-DONG, GANGNAM-GU, SEOUL,
KOREA TEL:+82-2-3450-0114 FAX:+82-2-565-2125 BLUEBELL KOREA LTD. 5TH FL., BAEGANG BLDG., 666-14, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3444-2203 FAX:+82-2-3445-9377 COMMERCE PLANET CO., LTD. 8TH FL., SEONGMUGWAN BLDG., 370-1,
SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-70-7400-3000 FAX:+82-2-3217-8407 |
(Activity & Markets)
The Subject imports
from France.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.62 |
|
|
1 |
Rs.83.69 |
|
Euro |
1 |
Rs.71.41 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.