|
Report Date : |
01.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SGO INTERNATIONALINC. |
|
|
|
|
Registered Office : |
2FL., IS Bldg. 719-35, Yeoksam-dong, Gangnam-gu, Seoul, Korea 135-920 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
23.07.2008 |
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|
|
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Com. Reg. No.: |
211-88-16226 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
|
Line of Business : |
Wholesale and
Retails of Food |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 KORAE - 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 |
SGO INTERNATIONALINC. (Korean Company Name : “(주)에스고인터내셔널”) |
|
Registered Address |
719-35, Yeoksam-dong, Gangnam-gu, Seoul,
Korea |
|
Building |
2FL., IS Bldg. |
|
Zip Code |
135-920 |
|
Tel |
+82-70-8129-1300 |
|
Fax |
+82-2-568-1305 |
|
E-mail |
jeholove78@hanmail.net |
|
Trading Address |
2FL., IS Bldg., 719-35, Yeoksam-dong,
Gangnam-gu, Seoul, Korea |
|
Tel |
+82-70-8129-1300 |
|
Fax |
+82-2-568-1305 |
|
Type |
Export/Import |
|
Industry |
Wholesale and Retails of Food |
|
Main Business |
Food Products, Juice |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/23/2008 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Food or drug or cosmetic safe FDC
dyes(12171504) |
|
Sell |
Formulas and products for nutritional
support(42231800) |
|
Sell |
Shelf stable juice(50202304) |
|
Name |
Kang Shin-Hyun |
|
Address |
B-302, 113-23, Cheongdam-dong, Gangnam-gu,
Seoul, Korea |
|
Date of Birth |
09/21/1969 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
4 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Shinhan Bank-Shinhan PB Apgujung Branch |
|
Corporate Registered No. |
110111-3940560 |
|
Business Registered No. |
211-88-16226 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
07/23/2008 Incorporated as KANGIN
DEVELOPMENT CO., LTD. 03/10/2011 Changed company name to the
present name 06/02/2011 Moved to the present HQ address
from 3, Cheongdam-dong, Gangnam-gu, Seoul, Korea |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kang Shin-Hyun |
Male |
Korean |
07/23/2008 |
|
Director |
M/S. |
Kim Hyun-Young |
Female |
Korean |
07/23/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
74,000,000 |
218,000,000 |
-41,000,000 |
|
|
2010 |
373,000,000 |
62,000,000 |
-13,000,000 |
|
2009 |
521,000,000 |
122,000,000 |
25,000,000 |
|
2008 |
|
|
|
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Food Products, Juice |
|
Suppliers |
CERES FRUIT JUICE LTD.(SOUTH AFRICA) |
|
Customers |
BGFRETAIL CO,. LTD.(110111-1105215) |
|
Competitors |
BUKOOK CO., LTD. 2ND FL., SAMO BLDG., 53-3, CHEONGDAM-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-548-6350 FAX:+82-2-548-6351 ELIM CI CO.,
LTD. RM.2811, 28FL., U-TOWER, HEUNGDUCK KDB, 1029, YEONGDEO-DONG,
GIHEUNG-GU, YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-236-9900 FAX:+82-31-236-3613 KITTO LIFE CO., LTD. 576-1, CHILGOE-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-2-579-7003 FAX:+82-2-579-7572 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
SGO TRADE CO., LTD.(110111-4059120) |
(Activity &
Markets)
The Subject imports
from South Africa.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
|
1 |
Rs.84.22 |
|
Euro |
1 |
Rs.72.23 |
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.