MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
HUBAS KOREA CO., LTD. |
|
|
|
|
Registered Office : |
610-2, Wolpyeong-ri, Hwangnyong-myeon, Jangseong-gun, Jeollanam-do,
Korea 515-813 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
24.01.2011 |
|
|
|
|
Com. Reg. No.: |
409-86-19239 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesale of Seeds and seedling |
|
|
|
|
No. of Employees : |
3 |
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 |
HUBAS KOREA CO., LTD. |
|
Registered Address |
610-2, Wolpyeong-ri, Hwangnyong-myeon, Jangseong-gun, Jeollanam-do,
Korea |
|
Zip Code |
515-813 |
|
Tel |
+82-61-393-4066 |
|
Fax |
+82-61-393-4064 |
|
E-mail |
hubaskorea@hubaskorea.com;info@hubaskorea.com |
|
Website |
www.hubaskorea.com |
|
Trading Address |
610-2, Wolpyeong-ri, Hwangnyong-myeon, Jangseong-gun, Jeollanam-do,
Korea |
|
Tel |
+82-61-393-4066 |
|
Fax |
+82-61-393-4064 |
|
Other Address-Dongbu Sales Office |
1136-2, Daepyeong-ri, Geochang-eup, Geochang-gun, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-944-0126 |
|
Fax |
+82-55-944-1267 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Seeds and seedling |
|
Main Business |
Materials for Agriculture, Seeds, Chemicals for
Organic Agriculture, Fertilizer, Farming Materials and Flowering Plant |
|
Sub Business |
Landscape Architecture |
|
Established (mm/dd/yyyy) |
01/24/2011 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fruits and vegetables and nuts and seeds(50100000) |
|
Sell |
Vegetable seeds and seedlings(10151500) |
|
Sell |
Fertilizers and plant nutrients and herbicides(10170000) |
|
Sell |
Organic fertilizers and plant nutrients(10171500) |
|
Sell |
Fertilizers and plant nutrients and herbicides(10170000) |
|
Sell |
Organic fertilizers and plant nutrients(10171500) |
|
Name |
Seo Hyeoung-Ho |
|
Address |
Suite 202-705, 1009, Yeonje-dong, Buk-gu,
Gwangju, Korea |
|
Date of Birth |
07/26/1965 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Industrial Bank of Korea |
|
Corporate Registered No. |
2059110-017156 |
|
Business Registered No. |
409-86-19239 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
01/24/2011 Incorporated as the present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Seo Hyeoung-Ho |
Male |
Korean |
01/24/2011 |
|
Director |
Mr. |
Jung Jae-Woong |
Male |
Korean |
01/24/2011 |
|
Director |
Mr. |
Lee Jung-Shin |
Male |
Korean |
01/24/2011 |
|
Auditor |
Mr. |
Seo In-Ho |
Male |
Korean |
01/24/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
The financials are not available, and the
Subject Company does not have any obligations to release its financials to the
public.
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
|
Main Products & Services |
Materials for Agriculture, Seeds |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
ASIA SEED CO., LTD.(110111-3036096) RM. 402, GARAK BLDG., 76-9, GARAKBON-DONG,
SONGPA-GU, SEOUL, KOREA TEL:+82-2-443-4303 FAX:+82-2-431-9164 EL SEED & TRADE 211-503, HOGYE JUGONG 2-CHA APT., 977,
HOGYE 1-DONG, DONGAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-477-0210 FAX:+82-31-477-0217 NONG WOO BIO CO., LTD.(130111-0015049) 1197-4, MAETAN 2-DONG, YEONGTONG-GU,
SUWON-SI, GYEONGGI-DO, KOREA TEL:+82-31-213-4321 FAX:+82-31-218-1119 |
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.15 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.06 |
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 |
|
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.