MIRA INFORM REPORT
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Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
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Name : |
HANA CORPORATION |
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Registered Office : |
1608-2, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do,
Korea, Rm. 1216, Hyundai I-space Bldg., Zip Code 431-060 |
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Country : |
South Korea |
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Date of Incorporation : |
01.05.1998 |
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Com. Reg. No.: |
105-03-09501 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesaler of Leather and Fur Products |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
No Complaints |
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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 |
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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
|
Company Name |
HANA CORPORATION (Korean Company Name : “하나통상”) |
|
Registered Address |
1608-2, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Building |
Rm.
1216, Hyundai I-space Bldg. |
|
Zip Code |
431-060
|
|
Tel |
+82-2-719-2074~5 |
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Fax |
+82-2-719-2079 |
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E-mail |
|
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Trading
Address |
Rm. 1216, Hyundai I-space Bldg., 1608-2, Gwanyang-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Tel |
+82-2-719-2074~5 |
|
Fax |
+82-2-719-2079 |
|
Type |
Export/Import |
|
Industry |
Wholesale
of Leather and Fur Products |
|
Main Business |
Leather
and Fur Products |
|
Sub
Business |
Wholesale
of Other Household Appliances n.e.c. |
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Established (mm/dd/yyyy) |
05/01/1998 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Leathers(11162300) |
CEO’s
|
Name |
Suh Ky-Jung |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
2 |
|
Formation |
Sole
Proprietorship |
|
Bank Details |
Gwangju Bank |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
105-03-09501 |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
|
Company History |
05/01/1998 Established as the present name (*)The Subject has been moved to the
present HQ address from 7FL., Dabo Bldg., 140, Mapo-dong, Mapo-gu, Seoul, Korea, but the
exact date is not available. |
There is a company
using the same company name as below;
Hana Corporation(“(주)하나교역”: 1101111-850894)
Rm. 516, Heungmu Bldg., 74-1, Yeongdeungpodong 6-ga, Yeongdeungpo-gu,
Seoul, Korea(Zip Code : 150-036)
TEL:+82-2-719-2074 FAX:+82-2-719-2079
CEO : Mr. Yoon
Suk-Dong
Industry :
Wholesale of Fishes
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Suh Ky-Jung |
Male |
Korean |
05/01/1998 |
Financials
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
Financial Description
|
Authorized Capital(KRW) |
Not
Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable
to the Sole Proprietorship |
|
Total Issues Shares |
Not
Applicable to the Sole Proprietorship |
Products, Technologies, Services
Description
|
Main Products & Services |
Leather & Fur Products, Textiles |
Trade Partners & Competitors
|
Competitors |
PIWON CO., LTD. 542, DONGDUCHEON-DONG, DONGDUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-31-867-8670 FAX:+82-31-866-8670 BUMYANG LEATHER TECH CO., LTD. 27-5, CHOSEONG-RI, CHEONGSAN-MYEON,
YEONCHEON-GUN, GYEONGGI-DO, KOREA TEL:+82-31-835-6177 FAX:+82-31-835-6252 DSI COMPANY LTD. 617-1, SEONGGOK-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-491-9421 FAX:+82-31-491-0387 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative Enterprise |
HANA TRADING CO., LTD.(110111-1850894) 11FL., DABO BLDG., 140, MAPO-DONG,
MAPO-GU, SEOUL, KOREA TEL:+82-2-719-2074~5 FAX:+82-2-719-2079 |
Sales by Region
(Activity & Markets)
The Subject imports
from China.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
UK Pound |
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.84.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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-- |
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.