|
Report Date : |
07.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
STEEL AND
SPACE CO., LTD. |
|
|
|
|
Registered Office : |
Rm.201, Sungjae I Castle, 121-136,
Dangsan-dong, Yeongdeungpo-gu, Seoul, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
31.10.2012 |
|
|
|
|
Com. Reg. No.: |
107-87-81829 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesales and Retails of Steel, Chemicals
and General Goods |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New
Business |
---- |
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
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 |
|
Company Name |
STEEL AND
SPACE CO., LTD. (Trade Name
: SASCO) (Korean Company
Name : “(주)스틸엔스페이스”) |
|
Registered Address |
121-136, Dangsan-dong, Yeongdeungpo-gu,
Seoul, Korea |
|
Building |
Rm.201, Sungjae I Castle |
|
Zip Code |
150-803 |
|
Tel |
+82-2-2646-6611 |
|
Fax |
+82-2-2646-6621 |
|
Trading Address |
Rm.201, Sungjae I Castle, 121-136,
Dangsan-dong, Yeongdeungpo-gu, Seoul, Korea (New Address System : Rm.201, 20,
Gukhoe-daero 55-gil, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
+82-2-2646-6611 |
|
Fax |
+82-2-2646-6621 |
|
Type |
Export/Import |
|
Industry |
Wholesales and Retails of Steel, Chemicals
and General Goods |
|
Established (mm/dd/yyyy) |
10/31/2012 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Name |
Roh Hye-Jin |
|
Address |
14, Dobong-ro 110da-gil, Dobong-gu, Seoul,
Korea |
|
Date of Birth |
09/19/1987 |
|
Title |
President & CEO |
|
Sex |
Female |
|
Nationality |
Korean |
|
Capital (KRW) |
30,000,000 |
|
Employees |
N/A |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-4991760 |
|
Business Registered No. |
107-87-81829 |
|
Permit & Licenses |
Int’l Trade No.: 30721894 |
|
Shareholder Position |
N/A |
|
Company History |
10/31/2012 Incorporated as the present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Roh Hye-Jin |
Female |
Korean |
10/31/2012 |
|
Auditor |
Mr. |
Kim Han-Kyung |
Male |
Korean |
10/31/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
Financial
Description
|
Authorized Capital(KRW) |
120,000,000 |
|
Paid-Up Capital(KRW) |
30,000,000 |
|
Total Issued Shares |
6,000 |
|
Main Products & Services |
Steel, Chemicals and General Goods |
|
Competitors |
KOSTEEL CO., LTD. 4TH FL., HOUSTORY, 32-4, JEONNONG 2-DONG,
DONGDAEMUN-GU, SEOUL, KOREA TEL:+82-2-2106-0200 FAX:+82-2-581-8800 JEIL TECHNOS CO., LTD. 1850, JANGHEUNG-DONG, NAM-GU, POHANG-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-278-2841~4 FAX:+82-54-278-2883 GUM SUNG INDUSTRIAL CO., LTD. 649-1, NAKSAN-RI, WAEGWAN-EUP, CHILGOK-GUN,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-977-0047 FAX:+82-54-977-0049 |
|
Cooperative Enterprise |
NAJIN STEEL CO., LTD.(110111-1548481) |
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.65.96 |
|
UK Pound |
1 |
Rs.102.91 |
|
Euro |
1 |
Rs.86.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.