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Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNG WOO PRECISION CO. |
|
|
|
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Registered Office : |
1029-37, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea 431-848 |
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Country : |
South Korea |
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Date of Incorporation : |
18.09.1997 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of Moulding Patterns, Moulds and Industrial
Patterns |
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|
|
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No. of Employees : |
16 |
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 |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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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 – 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 is currently the world's 12th largest economy. 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. Korea's export focused economy was hit hard by the 2008 global
economic downturn, but quickly rebounded in subsequent years, reaching 6.3%
growth in 2010. The US-South Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The incoming administration in 2013, following
the December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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 |
SUNG WOO
PRECISION CO. (Korean Company
Name : “성우정밀”) |
|
Registered Address |
1029-37, Hogye 1-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Zip Code |
431-848 |
|
Tel |
+82-31-453-0727~8 |
|
Fax |
+82-31-453-0729 |
|
E-mail |
swp9911@chol.com |
|
Website |
www.swpmold.com |
|
Trading Address |
1029-37, Hogye 1-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-453-0727~8 |
|
Fax |
+82-31-453-0729 |
|
Other Address |
691-3,
Gasan-dong, Geumcheon-gu, Seoul, Korea |
|
Tel |
+82-2-868-0727~8 |
|
Fax |
+82-2-868-0721 |
|
Type |
Export |
|
Industry |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
|
Main Business |
Specialty Stationery Mold, General Type Stationery Mold, Glue Stick,
Mold Parts |
|
Established (mm/dd/yyyy) |
09/18/1997 |
Mr. Tae Sang-Ho owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic injection molds(23151514) |
|
Buy |
Hand or push drill(27111515) |
|
Buy |
Grinders(27111905) |
|
Buy |
Foundry supplies(23161600) |
|
Buy |
Acrylonitrile butadiene styrene resin(13111004) |
|
Buy |
End mills(27112803) |
|
Buy |
Form tools or toolbits(23153303) |
|
Name |
Tae Sang-Ho |
|
Address |
Suite 101-806, 32-1, Anyang-dong,
Manan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
07/23/1952 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to the
Sole Proprietorship |
|
Employees |
16 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
130-02-***** (The full 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 |
05/2003 Utility model Patent 6-ITEM- STATIONERY Structure of Mold |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
09/18/1997 Established as the present name |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Tae Sang-Ho |
Male |
Korean |
09/18/1997 |
|
Director |
Mr. |
Tae Dong-Hoon |
Male |
Korean |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
|
|
|
|
2006 |
2,500,000,000 |
|
135,120,000 |
|
2005 |
1,834,000,000 |
|
94,320,000 |
|
2004 |
1,805,000,000 |
|
|
|
2003 |
1,761,000,000 |
|
|
The latest &
full 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 |
Specialty Stationery Mold, General Type Stationery Mold, Glue Stick,
Mold Parts |
|
Competitors |
KEI U CORPORATION 565-15, GYESU-DONG, SIHEUNG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-224-3945 FAX:+82-31-224-3946 HWA SUNG TECH 206-1, DALCHEON-DONG, BUK-GU, ULSAN, KOREA TEL:+82-52-282-4734 FAX:+82-52-282-4738 HYESUNG PRECISION CO. 1768-10, SONGJEONG-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-831-4975 FAX:+82-51-831-4985 |
(Activity & Markets)
The Subject exports
to China, France, Russia, USA, India, Japan, Nigeria, Pakistan and Vietnam.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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.