|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEOM JOO S&C CO., LTD. |
|
|
|
|
Registered Office : |
8, Hopyeong-ro 46beon-gil, Namyangju-si, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20.02.2012 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
·
Wholesale of Basic Metals like Steel Sheet, Skin, Lotion, Prepainted Steel
, GI, GL, STS, Prime & Secondary Grade ·
Wholesale of Cosmetics |
|
|
|
|
No of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. South 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. South 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-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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise
about half of GDP.
|
Source
: CIA |
|
Company Name |
BEOM JOO S&C
CO., LTD. (Korean Company Name : “(주)범주에스앤씨”) |
|
Registered Address |
8, Hopyeong-ro 46beon-gil, Namyangju-si, Gyeonggi-do,
Korea |
|
Building |
Rm. 608, Hongjo Plaza |
|
Zip Code |
472-120 |
|
Tel |
+82-31-595-8532 |
|
Fax |
+82-31-595-8531 |
|
E-mail |
leegi35@hotmail.com |
|
Website |
|
|
Trading Address |
Rm. 608, Hongjo Plaza, 8, Hopyeong-ro 46beon-gil, Namyangju-si,
Gyeonggi-do, Korea) (Old Address System : Rm. 608, Hongjo Plaza,
642-1, Hopyeong-dong, Namyangju-si,
Gyeonggi-do, Korea) |
|
Tel |
+82-31-595-8532 |
|
Fax |
+82-31-595-8531 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Wholesale of Basic Metals |
|
Main Business |
Steel Sheet, Skin, Lotion, Prepainted Steel
, GI, GL, STS, Prime & Secondary Grade |
|
Sub
Business |
Wholesale of Cosmetics |
|
Established (mm/dd/yyyy) |
02/20/2012 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Sheet(30102500) |
|
Sell |
Steel(11101704) |
|
Name |
Lee Gi(Jeff) (Mobile : +82-10-2469-7101) |
|
Address |
Suite 101-1503, 33-1, Sure-ro 1120beon-gil, Hwado-eup, Namyangju-si, Gyeonggi-do,
Korea |
|
Date of Birth |
03/16/1974 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
2 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
284111-0102396 |
|
Business Registered No. |
132-86-03*** (The full 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 |
Int’l Trade No.: 45427516 |
|
Company History |
02/20/2012 Incorporated as the present name 05/07/2014 Moved to the present HQ address
from Rm.
704, Hongjo Plaza, 8, Hopyeong-ro
46beon-gil, Namyangju-si, Gyeonggi-do,
Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Lee Gi(Jeff) |
Male |
Korean |
02/20/2012 |
|
Auditor |
M/S. |
Lee Jung-Min |
Female |
Korean |
02/20/2012 |
Financial Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
100,000 |
|
Main Products & Services |
Steel Sheet, Skin, Lotion, Prepainted Steel
, GI, GL, STS, Prime & Secondary Grade |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Competitors |
BUSAN STEEL CO., LTD. 720-4, HAKJANG-DONG, SASANG-GU, BUSAN, KOREA TEL:+82-51-325-1131~4 FAX:+82-51-324-6440 DEOGWON STEEL CO., LTD. 507-5, BANJEONG-DONG, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-223-7708 FAX:+82-31-223-0977 WELLSTEEL CO., LTD. 1752-1, SONGJEONG-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-831-7330 FAX:+82-51-831-7329 |
The Subject exports to Thailand.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
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.