|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
STONE INDIA CO. |
|
|
|
|
Registered Office : |
4, Hongjaewon 6-gil, Seodaemun-gu, Seoul, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
2002 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesales and Retails of Jewelry, Stones
and its products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge 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 about half of GDP.
|
Source
: CIA |
Basic
|
Company Name |
STONE INDIA CO. |
|
Registered Address |
4, Hongjaewon 6-gil, Seodaemun-gu, Seoul, Korea |
|
Zip Code |
120-854 |
|
Tel |
+82-70-8279-3192 |
|
Fax |
+82-2-730-6374 |
|
E-mail |
koreadiamond@hanmail.net |
|
Website |
www.stoneindia.co.kr |
|
Trading Address |
4, Hongjaewon 6-gil, Seodaemun-gu, Seoul, Korea (Old Address System: 123-1, Hongje 2-dong, Seodaemun-gu, Seoul 120-854 Korea) |
|
Tel |
+82-2-730-6374 |
|
Fax |
+82-2-730-6374 |
|
Type |
Export/Import |
|
Industry |
Wholesales and Retails of Jewelry, Stones
and its products |
|
Main Business |
Marbles, Granites, Sandstones, Slates |
|
Established (mm/dd/yyyy) |
2002 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Marble(11111605) |
|
Sell |
Stone(11111600) |
|
Sell |
Granite(11111604) |
CEO’s
|
Name |
Ahn
Kil-Cheon (Mobile : +82-10-4037-0081) |
|
Address |
Suite 214-802, Mansu Jugong, Mansu-dong,
Namdong-gu, Incheon, Korea |
|
Date of Birth |
09/26/1959 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to the Sole Proprietorship |
|
Employees |
N/A |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
N/A. (The 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 |
The owner has 100% shares. |
|
Company History |
2002 Established as the present name, but
the exact date is not available. |
In our research through the official sources
including the Supreme Court Registry at which every Co Ltd type of Company
should be registered, we could not find the subject company. So we submit the
report as a Sole Proprietorship Type of Company.
In our research we could not find any details
except for the contents in its website, www.stoneindia.co.kr. And one of its
affiliated company, JUYOUNG AIN CO., LTD.(110111-1270539) has been
closed according to the National Tax Services, Korea as of 06/30/2010.
The Phone number(+82-2-730-6374)
and fax number(+82-2-730-6374) are belonged to a Christian Church, called as
Inwang Church.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Ahn
Kil-Cheon |
Male |
Korean |
2002 |
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 Issued Shares |
Not Applicable to the Sole Proprietorship |
Products,
Technologies, Services Description
|
Main Products & Services |
Marbles Granites Sandstones Slates & Limestones |
Trade Partners
& Competitors
|
Competitors |
JUNGSUN MARBLE CO., LTD. 11, YUCHEON-RI, BUK-MYEON, JEONGSEON-GUN,
GANGWON-DO, KOREA TEL:+82-33-562-4600 FAX:+82-33-562-4610 ROLLING STONE CO., LTD. 131-3, GAMIL-DONG, HANAM-SI, GYEONGGI-DO,
KOREA TEL:+82-70-7096-1000 FAX:+82-31-903-1495 HAN KUK B.M. LTD. 1ST FL., IMAE BLDG., 202-5, GUUI 3-DONG,
GWANGJIN-GU, SEOUL, KOREA TEL:+82-2-454-9361 FAX:+82-2-454-9365 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
JUYOUNG AIN CO., LTD.(110111-1270539) (*)The Subject has been closed according to
the National Tax Services, Korea as of 06/30/2010 |
|
Overseas Office |
India Office E 2/20
MALVIYA NAGAR NEWDELHI INDIA |
Sales by Region (Activity
& Markets)
The Subject imports from India.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.