MIRA
INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
BUIL TRADING |
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Registered Office : |
650, Eomgung-dong, Sasang-gu, Busan, Korea 617-831 |
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Country : |
South Korea |
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Date of Incorporation : |
01.07.2008 |
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Com. Reg. No.: |
606-25-72983 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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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) |
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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 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 Information
Basic
|
Company Name |
BUIL TRADING |
|
Registered Address |
650, Eomgung-dong, Sasang-gu, Busan, Korea |
|
Zip Code |
617-831 |
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Tel |
+82-51-315-7240 |
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Fax |
+82-51-315-8240 |
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E-mail |
00section@gamial.com |
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Trading Address |
650, Eomgung-dong, Sasang-gu, Busan, Korea |
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Tel |
+82-51-315-7240 |
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Fax |
+82-51-315-8240 |
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Type |
Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
PP, PBT, Plastic Materials, Agricultural Products |
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Sub
Business |
Wholesale of Fruit and Vegetables |
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Established (mm/dd/yyyy) |
07/01/2008 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Polypropylene resin(13111019) |
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Sell |
Resins(13111000) |
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Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
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Sell |
Spices or extracts(50171550) |
CEO’s
|
Name |
Hong Kwang-Jee |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
Not Applicable to the Sole Proprietorship |
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Employees |
1 |
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Formation |
Sole Proprietorship |
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Bank Details |
Nonghyup Bank-Busan Eoumgung Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
606-25-72983 |
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Permit & Licenses |
Int’l Trade No.: 37012399 |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
07/01/2008 Established as the present name |
Detailed Information
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Hong Kwang-Jee |
Male |
Korean |
07/01/2008 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2011 |
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2010 |
1,076,000,000 |
102,000,000 |
45,000,000 |
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2009 |
523,000,000 |
42,000,000 |
39,000,000 |
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2008 |
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The latest & full financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
Financial Description
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Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issued Shares |
Not Applicable to the Sole Proprietorship |
Products, Technologies, Services Description
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Main Products & Services |
PP, PBT, Plastic Materials |
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Detailed Products Spec. |
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Technologies Acquired |
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Trade Partners & Competitors
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Suppliers |
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Customers |
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Competitors |
CRESCO CORPORATION LTD. RM. 407, GWANGHWAMUN OFFICIA, 163, SINMUNNO
1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-3276-3777 FAX:+82-2-3276-3779 SAMMIN CORPORATION RM. 408, DAEGWANG BLDG., 7-15, NONHYEON
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 JUNGWOO CORPORATION 2ND FL., JEONG-U BLDG., 1552-8, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-9661 FAX:+82-2-523-9671 |
Sales by Region (Activity &
Markets)
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Sales/ Unit :Mil KRW |
2012 |
2011 |
2010 |
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Export |
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Domestic |
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Total |
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The Subject exports to Singapore and India.
News
Clipping
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
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|
1 |
Rs.84.19 |
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Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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NB |
New Business |
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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.