|
Report Date : |
24.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
3G CORPORATION |
|
|
|
|
Registered Office : |
296-1, Chang 5-dong, Dobong-gu, Seoul, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
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Date of Incorporation : |
15.12.2000 |
|
|
|
|
Com. Reg. No.: |
210-04-68420 |
|
|
|
|
Legal Form : |
Sole
Proprietorship |
|
|
|
|
Line of Business : |
· Wholesale of Other Agricultural Raw Materials and Live Animals ·
Wholesale of Other Machinery and Equipment |
|
|
|
|
No. of Employees : |
04 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
Basic
|
Company Name |
3G CORPORATION (Korean Company Name : “쓰리지코퍼레이션”) |
|
Registered
Address |
296-1, Chang 5-dong, Dobong-gu, Seoul, Korea |
|
Building |
Rm. 501-3, Time Plaza |
|
Zip Code |
132-907 |
|
Tel |
+82-2-999-1389 |
|
Fax |
+82-2-999-1605 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm. 501-3, Time Plaza, 296-1, Chang 5-dong, Dobong-gu, Seoul, Korea |
|
Tel |
+82-2-999-1389 |
|
Fax |
+82-2-999-1605 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Other Agricultural Raw Materials and Live Animals Wholesale of Other Machinery and Equipment n.e.c. |
|
Main Business |
Wet Blue Pig Skin, Ethylene Gas, Cylinder, CNG Compressor,
Dedicated Diesel Engine CNG Conversion Kit For Vehicle, CNG Cylinder For
Vehicle & CNG Station, Wet Blue Pig Skin |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
12/15/2000 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Air or gas tanks or cylinders(24111802) |
|
Sell |
Engine components and accessories(26101700) |
|
Sell |
Gas compressors(40151604) |
CEO’s
|
Name |
Ahn Byung-Rak |
|
Address |
|
|
Date of Birth |
03/03/1963 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable
to the Sole Proprietorship |
|
Employees |
4 |
|
Formation |
Sole
Proprietorship |
|
Bank Details |
N/A |
|
Corporate
Registered No. |
Not Applicable
to the Sole Proprietorship |
|
Business
Registered No. |
210-04-68420 |
|
Permit &
Licenses |
Int’l Trade
No.: 11860282 |
|
Shareholder
Position |
The Owner has
100% shares. |
|
Company
History |
12/15/2000
Established as the present name 11/2003 Awarded US$ 1 Million Export Top Prize |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Ahn Byung-Rak |
Male |
Korean |
12/15/2000 |
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) |
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 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Wet Blue Pig Skin, Ethylene Gas, Cylinder, CNG Compressor,
Dedicated Diesel Engine CNG Conversion Kit For Vehicle, CNG Cylinder For
Vehicle & CNG Station, Wet Blue Pig Skin |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
KANGRIM HEAVY
INDUSTRIES CO., LTD. 40,
UNGNAM-DONG, SEONGSAN-GU, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-269-7700 FAX:+82-55-269-7795~6 ILSUNG
CORPORATION 917,
WONSAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA TEL:+82-52-231-7514~5 FAX:+82-52-239-0333 DKT CO., LTD. 916-1,
WONSAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA TEL:+82-52-231-7300 FAX:+82-52-238-7291 |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
Sales by Region
(Activity & Markets)
The Subject deals with the companies in Bangladesh,
Indonesia, Pakistan and Poland.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.99 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.