|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AQUA LINK CO., LTD. |
|
|
|
|
Registered Office : |
894-4, Daechi 4-dong, Gangnam-gu, Seoul, Korea 5th Fl., Techno Bank
Korea Bldg. 135-840 |
|
|
|
|
Country : |
South Korea |
|
|
|
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Date of Incorporation : |
27.10.2003 |
|
|
|
|
Com. Reg. No.: |
214-87-43443 |
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|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Fishes, Agricultural Products |
|
|
|
|
No. of Employees : |
9 |
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 |
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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 – 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 |
AQUA LINK CO., LTD. |
|
Registered Address |
894-4, Daechi 4-dong, Gangnam-gu, Seoul, Korea |
|
Building |
5th Fl., Techno Bank Korea Bldg. |
|
Zip Code |
135-840 |
|
Tel |
+82-2-3472-4400 |
|
Fax |
+82-2-3472-2772 |
|
E-mail |
ygp@aqualink.co.kr |
|
Website |
www.aqualink.co.kr |
|
Trading Address |
5th Fl., Techno Bank Korea Bldg., 894-4, Daechi 4-dong, Gangnam-gu,
Seoul, Korea |
|
Tel |
+82-2-3472-4400 |
|
Fax |
+82-2-3472-2772 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Fishes, Agricultural Products |
|
Main Business |
Shrimp, Squid, Crab |
|
Sub
Business |
Warehousing |
|
Established (mm/dd/yyyy) |
10/27/2003 |
The Subject Company occupies the premises of
registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Frozen shellfish(50121612) |
|
Name |
Paik Yang-Gee (Mobile : +82-11-223-8502) |
|
Address |
Rm.1802, 87, Samseong-dong, Gangnam-gu, Seoul, Korea |
|
Date of Birth |
02/05/1951 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
700,000,000 |
|
Employees |
9 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-2884131 |
|
Business Registered No. |
214-87-43443 |
|
Permit & Licenses |
Int’l Trade No.: 45354362 |
|
Shareholder Position |
N/A |
|
Company History |
10/27/2003 Incorporated as the present name 06/15/2005 Moved to the present HQ address
from 1486-5, Seocho-dong, Seocho-gu, Seoul, Korea 05/16/2013 Increased capital to 700,000,000 KRW from 550,000,000 KRW |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Paik Yang-Gee |
Male |
Korean |
10/27/2003 |
|
Director |
Mr. |
Moon Jae-Hwa |
Male |
Korean |
03/17/2009 |
|
Auditor |
M/S. |
Bae Julie Eun-Young |
Female |
Australian |
03/17/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
6,285,000,000 |
2,823,000,000 |
46,000,000 |
|
2008 |
7,710,000,000 |
2,689,000,000 |
15,000,000 |
|
2007 |
5,916,000,000 |
|
|
|
2006 |
4,478,000,000 |
1,368,000,000 |
49,000,000 |
|
2005 |
3,963,000,000 |
1,211,000,000 |
35,000,000 |
|
2004 |
|
|
|
|
2003 |
|
|
|
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) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
700,000,000 |
|
Total Issues Shares |
140,000 |
|
Main Products & Services |
Shrimp, Squid, Crab |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
BLUE-IS INC. 5TH FL., DURUMI BLDG., 75-19, GUUI 2-DONG,
GWANGJIN-GU, SEOUL, KOREA TEL:+82-2-419-7557 FAX:+82-2-419-9736 GREEN WORLD CO., LTD 10TH FL., DONGBANG BLDG., 25-4, JUNGANGDONG
4-GA, JUNG-GU, BUSAN, KOREA TEL:+82-51-464-9494 FAX:+82-51-441-3791 CNK TRADING CO., LTD. RM. 1904, KOREA BUSINESS CENTER, 1338-21,
SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-2055-2010 FAX:+82-2-2055-2060 |
|
Sales/ Unit :Mil KRW |
2012 |
2011 |
2010 |
|
Export |
|
|
|
|
Domestic |
|
|
|
|
Total |
|
|
|
The Subject imports from Australia, New
Zealand, Canada, USA, China, India and Thailand.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
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.