|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
AHNJIN TRADING CORPORATION |
|
|
|
|
Registered Office : |
134, Juyeop-ro, Ilsanseo-gu, Goyang-si, Gyeonggi-do,
Korea, Rm. 807, Sidae Plaza Bldg., Zip Code 411-370 |
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|
|
|
Country : |
South Korea |
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|
|
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Date of Incorporation : |
08.02.1999 |
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|
|
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Com. Reg. No.: |
128-81-37667 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
|
Line of Business : |
Wholesaler of Metal Plates, Bars, Pipes, and Basic Metals |
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|
|
|
No. of Employees : |
03 |
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
AHNJIN TRADING CORPORATION (Korean Company Name : “안진무역(주)”) |
|
Registered Address |
134, Juyeop-ro, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea |
|
Building |
Rm.
807, Sidae Plaza Bldg. |
|
Zip Code |
411-370 |
|
Tel |
+82-31-922-0178 |
|
Fax |
+82-31-913-0305 |
|
E-mail |
|
|
Trading
Address |
Rm. 807, Sidae Plaza Bldg., 134,
Juyeop-ro, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea (Old Address System : Rm. 807, Sidae Plaza Bldg., 115-1, Juyeop-dong,
Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-917-0178 |
|
Fax |
+82-31-913-0305 |
|
Type |
Export |
|
Industry |
Wholesale
of Metal Plates, Bars, Pipes, and Basic Metals |
|
Main
Business |
Brass
Tube, Brass Strip, Copper Tube, Aluminum Foil, Stainless Steel Tube,
Refrigeration & Air Treatment Machinery |
|
Sub
Business |
Wholesale
of Other Industrial Machinery and Equipment |
|
Established (mm/dd/yyyy) |
02/08/1999 |
The Subject
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Brass pipe(40142107) |
|
Sell |
Copper pipe(40142110) |
|
Name |
Ahn
Sang-Hun |
|
Address |
Rm.308-1204,1069, Ilsan-dong
,Ilsanseo-gu ,Goyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
04/10/1958 |
|
Title |
Managing Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Hana Bank-Juyop Station Branch |
|
Corporate Registered No. |
115911-0021156 |
|
Business Registered No. |
128-81-37667 |
|
Permit & Licenses |
Int’l Trade No.: 11612580 |
|
Shareholder Position |
N/A |
|
Company History |
02/08/1999
Incorporated as the present name 11/30/2005
Awarded US$3 Million Export Top Prize 11/30/2006
Awarded US$5 Million Export Top Prize |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Managing Director |
Mr. |
Ahn
Sang-Hun |
Male |
Korean |
02/08/1999 |
|
Director |
M/S. |
Choi
Moon-Hee |
Female |
Korean |
03/31/2002 |
|
Director |
M/S. |
Choi
Hyun-Jung |
Female |
Korean |
03/31/2002 |
|
Auditor |
Mr. |
Ahn
Chul-Soo |
Male |
Korean |
03/31/2002 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2010 |
13,120,630,000 |
|
247,510,000 |
|
2009 |
11,278,660,000 |
|
257,060,000 |
|
2008 |
14,125,710,000 |
|
222,990,000 |
|
2007 |
10,372,700,000 |
848,000,000 |
99,380,000 |
|
2006 |
9,756,000,000 |
914,000,000 |
39,000,000 |
|
2005 |
6,672,000,000 |
942,000,000 |
85,000,000 |
|
2004 |
5,588,000,000 |
687,000,000 |
85,000,000 |
|
2003 |
3,045,000,000 |
310,000,000 |
30,000,000 |
The latest & full financials are not available,
and the Subject Company does not have any obligations to release its financials
to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Main Products & Services |
Brass
Tube, Brass Strip, Copper Tube, Aluminum Foil, Stainless Steel Tube,
Refrigeration & Air Treatment Machinery |
|
Competitors |
N.S METAL CO., LTD. 487-4, WONDANG-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-564-4900 FAX:+82-32-564-4680 KOOK JAE ENGINEERS LTD. RM. 911, U-IN AKRIUM VILLE 2-CHA, 746,
JANGHANG 2-DONG, ILSANDONG-GU, GOYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-924-3314 FAX:+82-31-924-1441 B.S METAL CO., LTD. 1072, WONJI-RI, JUCHON-MYEON, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-337-0794 FAX:+82-55-337-0795 |
(Activity & Markets)
The Subject exports
to Middle East, Australia, Indonesia, Pakistan, Singapore, Thailand, India and
South East Asia.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
UK Pound |
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
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 |
|
-- |
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.