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Report Date : |
23.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
S&S TRADING |
|
|
|
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Registered Office : |
26, Yeongdeungpo-ro 80-gil, Yeongdeungpo-gu, Seoul, Korea, Zip Code 150-837 |
|
|
|
|
Country : |
South Korea |
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|
|
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Date of Incorporation : |
24.05.1996 |
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|
|
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Com. Reg. No.: |
Not Available |
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|
|
|
Legal Form : |
Sole Proprietorship |
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|
|
|
Line of Business : |
Wholesaler and Retailer of Other Parts and Accessories for Motor
Vehicles |
|
|
|
|
No. of Employees : |
03 |
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 : |
Undetermined |
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|
|
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Payment Behaviour : |
Unknown |
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|
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Litigation : |
--- |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
Concern
Name |
S&S TRADING (Korean Concern Name : “에스앤에스”) |
|
Registered Address |
26, Yeongdeungpo-ro 80-gil,
Yeongdeungpo-gu, Seoul, Korea |
|
Zip Code |
150-837 |
|
Tel |
+82-2-544-4511~3 |
|
Fax |
+82-2-544-4514 |
|
Trading
Address |
26,
Yeongdeungpo-ro 80-gil, Yeongdeungpo-gu, Seoul, Korea (Old Address System : 19/1, 92-53, Singil 1-dong, Yeongdeungpo-gu,
Seoul, Korea) |
|
Tel |
+82-2-544-4511~3 |
|
Fax |
+82-2-544-4514 |
|
Other
Address |
203-1, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea |
|
Type |
N/A |
|
Industry |
Wholesaler
and Retailer of Other Parts and Accessories for Motor Vehicles |
|
Established (mm/dd/yyyy) |
05/24/1996 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
N/A |
|
Name |
Park
Sung-Soo |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
3 |
|
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 |
Int’l
Trade No.: 11346423 |
|
Shareholder Position |
The owner has 100% shares. |
|
Concern History |
05/24/1996 Established as S&S CORPORATION |
The premises(Building : 1FL-96.87, 2FL-66.24m2, 3FL-96.87m2) of registered
HQ address have been owned by Mr. Shin Ki-Sik(DOB : 03/03/1938, 92-164, Singil
1-dong, Yeongdeungpo-gu, Seoul, Korea) since 03/18/1986.
In our research
through the official sources including the Supreme Court Registry at which
every Co Ltd type of Concern should be registered, we could not find the
subject concern. So we submit the report as a Sole Proprietorship Type of
Concern as long as it exists.
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Park
Sung-Soo |
Male |
Korean |
05/24/1996 |
The financials are
not available, and the Subject Concern does not have any obligations to release
its financials to the public.
|
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 |
|
Main Products & Services |
N/A |
(Activity & Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
UK Pound |
1 |
Rs.101.98 |
|
Euro |
1 |
Rs.83.93 |
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.