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Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
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Name : |
NEW WORLD TRADING CO., LTD. |
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Registered Office : |
1st Fl., 78-21, Munjeong-dong, Songpa-gu, Seoul, Korea 138-200 |
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Country : |
South Korea |
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Date of Incorporation : |
11.06.2009 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Fruit and Vegetables |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<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 : |
-- |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
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Company Name |
NEW WORLD TRADING CO., LTD. |
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Registered Address |
1st Fl., 78-21, Munjeong-dong, Songpa-gu, Seoul, Korea |
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Zip Code |
138-200 |
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Tel |
+82-2-401-3504 |
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Fax |
+82-2-401-3505 |
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Trading Address |
1st Fl., 78-21, Munjeong-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-401-3504 |
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Fax |
+82-2-401-3505 |
|
Type |
Import |
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Industry |
Wholesale of Fruit and Vegetables |
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Main Business |
Peeled Fresh Root of Balloonflower, Dried Bracken |
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Sub
Business |
Wholesale of Other Prepared Food |
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Established (mm/dd/yyyy) |
06/11/2009 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Fresh fruit(50101634) |
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Sell |
Vegetables(50101500) |
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Name |
Shin Hye-Jung |
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Address |
Suite 102-1303, 100, Sinjang-dong,
Hanam-si, Gyeonggi-do, Korea |
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Date of Birth |
03/28/1968 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
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Employees |
3 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-4114180 |
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Business Registered No. |
215-87-27*** (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.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
06/11/2009 Incorporated as the present name |
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|
|
We could not identify the address you
provided, “ROOM No.1616,unit 2 kings garden”(Not complete address), but we could
find the company using the same name as we submitted.
And we could also find a company as below;
New World Trading Company
1/F., Phillip House, No. 5 Kimberley Street, Hong Kong
Tel:+852 23113725 Fax:+852
23012539
Legal Representative: Kim Young-Ja(Korean)
Industry : Chinese Chopstick, Korean food products, household products
and kitchen wares
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
M/S. |
Shin Hye-Jung |
Female |
Korean |
06/11/2009 |
|
Auditor |
Mr. |
Shin Dong-Myung |
Male |
Korean |
03/23/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2010 |
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2009 |
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The financials are not available, and the Subject
Company does not have any obligations to release its financials to the public.
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issued Shares |
10,000 |
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Main Products & Services |
Peeled Fresh Root of Balloonflower, Dried Bracken |
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Detailed Products Spec. |
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Technologies Acquired |
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Suppliers |
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Customers |
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Competitors |
SEOBU FRUIT & VEGETABLE CO., LTD. 427, OEBALSAN-DONG, GANGSEO-GU, SEOUL,
KOREA TEL:+82-2-2640-8000 FAX:+82-2-2640-6868 BUSAN FRUIT & VEGETABLE CO., LTD. 649, EOMGUNG-DONG, SASANG-GU, BUSAN, KOREA TEL:+82-51-320-5000 FAX:+82-51-320-5171 FRUTERIA INC. RM.406, GEOBUKI OFFICETEL, 98-7,
GARAK-DONG, SONGPA-GU, SEOUL, KOREA TEL:+82-2-403-5260 FAX:+82-2-403-5262 |
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Sales/ Unit :Mil KRW |
2011 |
2010 |
2009 |
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Export |
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Domestic |
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Total |
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The Subject imports from China.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.