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Report Date : |
03.09.2013 |
IDENTIFICATION DETAILS
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Name : |
SUNNY SCOPA INC. |
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Formerly Known As : |
SUNNY Trading Co.(Sole Proprietorship) |
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Registered Office : |
1st Fl., 1168, Baekseok 1-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do,
Korea, Zip Code 410-815 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
13.12.1996 |
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Com. Reg. No.: |
120-81-70420 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Dyes, Pigments and Related Products including Ceramic
Colors, Series, Blank Decal Paper, Printed Decal |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
Company Name |
SUNNY SCOPA INC. (Korean Company Name : “(주)써니스코파”) |
|
Registered
Address |
1st Fl., 1168, Baekseok 1-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do,
Korea |
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Zip
Code |
410-815 |
|
Tel |
+82-31-904-2931 |
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Fax |
+82-31-905-2937 |
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E-mail |
|
|
Website |
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Trading
Address |
1st Fl., 1168, Baekseok 1-dong, Ilsandong-gu,
Goyang-si, Gyeonggi-do, Korea (New Address System : 7-11, Gangsong-ro
74beon-gil, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-904-2931 |
|
Fax |
+82-31-905-2937 |
|
Other
Address |
996-11, Sanjiseok-dong, Paju-si, Gyeonggi-do, Korea |
|
Type |
Export/Import |
|
Industry |
Wholesale of Dyes, Pigments and Related Products |
|
Main Business |
Ceramic
Colors, Series, Blank Decal Paper, Printed Decal |
|
Established
(mm/dd/yyyy) |
12/13/1996 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pigments(12171600) |
|
Sell |
Offset printing consumables(45101603) |
|
Sell |
Coating paints(31211504) |
|
Sell |
Printing and writing paper(14111500) |
|
Name |
Lee
Sun-Yong |
|
Address |
Suite 812-1506, 195, Gangsong-ro,
Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
05/21/1957 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
100,000,000 |
|
Employees |
5 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
Kookmin Bank-Ilsan Madu Branch |
|
Corporate Registered No. |
1101111-352056 |
|
Business Registered No. |
120-81-70420 |
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Permit & Licenses |
08/21/2003 ISO 9001 03/30/2004 ISO 14001 Int’l
Trade No.: 11085674 |
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Shareholder Position |
N/A |
|
Company History |
11/1990 Established as SUNNY Trading Co.(Sole Proprietorship) 12/13/1996 Incorporated as the present name 11/13/2001 Changed company name to the
present name 09/2005 Designated as a Venture Business 01/22/2010 Moved to the present HQ address
from 1176-2, Baekseok-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative Director |
Mr. |
Lee
Sun-Yong |
Male |
Korean |
03/04/2011 |
|
Auditor |
Mr. |
Lee Ji-Oh |
Male |
Korean |
03/04/2011 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
3,515,000,000 |
1,452,000,000 |
119,000,000 |
|
|
2011 |
3,841,000,000 |
1,369,000,000 |
36,000,000 |
|
2010 |
2,979,000,000 |
1,333,000,000 |
49,000,000 |
|
2009 |
4,170,000,000 |
1,315,000,000 |
188,000,000 |
|
2008 |
3,526,000,000 |
1,161,000,000 |
46,000,000 |
|
2007 |
2,771,000,000 |
1,214,000,000 |
37,000,000 |
|
Authorized Capital(KRW) |
200,000,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issued Shares |
10,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Total Assets |
1,452,000,000 |
1,369,000,000 |
1,333,000,000 |
|
Current Assets |
994,000,000 |
940,000,000 |
886,000,000 |
|
-Quick
Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed
Assets |
458,000,000 |
429,000,000 |
447,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
645,000,000 |
681,000,000 |
681,000,000 |
|
Current Liabilities |
645,000,000 |
681,000,000 |
681,000,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
100,000,000 |
100,000,000 |
100,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
807,000,000 |
688,000,000 |
652,000,000 |
|
Liab. & Shareholder’s Equity |
1,452,000,000 |
1,369,000,000 |
1,333,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Sales |
3,515,000,000 |
3,841,000,000 |
2,979,000,000 |
|
Cost of Sold Goods |
2,872,000,000 |
3,293,000,000 |
2,448,000,000 |
|
Gross Profit |
643,000,000 |
548,000,000 |
531,000,000 |
|
Selling & Admin. Expenses |
468,000,000 |
451,000,000 |
431,000,000 |
|
Operating Income |
175,000,000 |
97,000,000 |
100,000,000 |
|
Non-Operating Income |
23,000,000 |
34,000,000 |
54,000,000 |
|
Non-Operating Expenses |
68,000,000 |
93,000,000 |
100,000,000 |
|
Income Before Taxes |
130,000,000 |
39,000,000 |
54,000,000 |
|
Income Taxes Expenses |
11,000,000 |
3,000,000 |
5,000,000 |
|
Net Income |
119,000,000 |
36,000,000 |
49,000,000 |
|
Main Products & Services |
Ceramic
Colors, Series, Blank Decal Paper, Printed Decal |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
SAMMI CO., LTD.(KOREA) DONGA INDUSTRY CO., LTD.(KOREA) |
|
Customers |
|
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Competitors |
SUNG DO INTERNATIONAL CO., LTD. RM. 204, SINHWA TOWER, 502-1, MOK 2-DONG,
YANGCHEON-GU, SEOUL , KOREA TEL:+82-2-2652-9482~3 FAX:+82-2-2651-5648 SENBOOL, INC. 46B-6L, NAMDONG INDUSTRIAL COMPLEX, 437-5,
NONHYEON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-814-2792 FAX:+82-32-817-9845 HAE KWANG ENAMEL INDUSTRIAL CO., LTD. 121B-2L, NAMDONG INDUSTRIAL COMPLEX, 691-1,
GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-812-8100 FAX:+82-32-812-8104 |
(Activity & Markets)
The Subject exports
to USA and Europe.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.86 |
|
UK Pound |
1 |
Rs.102.52 |
|
Euro |
1 |
Rs.87.06 |
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 |
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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 |
|
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 |
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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 |
|
---- |
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.