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Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHESCO KOREA CO., LTD. |
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|
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Registered Office : |
3FL., 228-20¸ Eungbong-dong, Seongdong-gu |
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Country : |
South Korea |
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Date of Incorporation : |
03.12.2001 |
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Legal Form : |
Co., Ltd by Shares |
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|
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Line of Business : |
Wholesales and Retails of Beverage and Food |
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Usually correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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 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.
|
Source : CIA |
|
Company Name |
CHESCO KOREA CO., LTD. (Korean Company Name : “체스코코리아(주)”) |
|
Registered Address |
3FL., 228-20¸
Eungbong-dong, Seongdong-gu, Seoul, Korea |
|
Zip Code |
133-852 |
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Tel |
+82-2-2299-4780 |
|
Fax |
+82-2-2299-4781 |
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E-mail |
|
|
Trading Address |
3FL., 228-20¸
Eungbong-dong, Seongdong-gu, Seoul, Korea |
|
Tel |
+82-2-2299-4780 |
|
Fax |
+82-2-2299-4781 |
|
Other Address |
284-9, Yatap-dong, Bundang-gu,
Seongnam-si, Gyeonggi-do, Korea |
|
Type |
Export/Import |
|
Industry |
Wholesales and Retails of Beverage and Food |
|
Main Business |
Beverage, Food, Cheese |
|
Established (mm/dd/yyyy) |
12/03/2001 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Cheese(50131800) |
|
Name |
Min Se-Beom(Mobile : +82-10-4032-8415) |
|
Address |
Suite 303, 36-24, Jamwon-dong, Seocho-gu,
Seoul, Korea |
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Date of Birth |
06/04/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
10 |
|
Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-2389040 |
|
Business Registered No. |
109-81-74*** (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.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
12/03/2001 Incorporated as the present name 06/25/2004 Moved to the present HQ address
from 694-24, Naebalsan-dong, Gangseo-gu, Seoul, Korea |
|
|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Min Se-Beom |
Male |
Korean |
12/20/2007 |
|
Director |
M/S. |
Lee Kyung-Mi |
Female |
Korean |
12/20/2007 |
|
Auditor |
M/S. |
Kim Jung-Ja |
Female |
Korean |
12/20/2007 |
Financial
Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Beverage, Food, Cheese |
|
Customers |
LOTTE MART, HYUNDAI DEPARTMENT STORE,
HOMEVER, HOMEPLUS |
|
Competitors |
SUN-IN CO., LTD. 594-3, SINNAM-RI, DUNPO-MYEON, ASAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-532-6274 FAX:+82-41-531-1625 DAIAH COMMERCIAL CO., LTD. RM. 1818, GOLDEN TOWER BLDG., 191,
CHUNGJEONGNO 2-GA, SEODAEMUN-GU, SEOUL, KOREA TEL:+82-2-365-0900 FAX:+82-2-365-0905 CROWN CONFECTIONERY CO., LTD. 131-1, NAMYEONG-DONG, YONGSAN-GU, SEOUL,
KOREA TEL:+82-2-791-9133 FAX:+82-2-791-9119 |
The Subject imports
from Germany, Australia and Netherlands.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.55 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.