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Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
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Name : |
SUN MYUNG INT`L INC. |
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Registered Office : |
35, Hwangsaeul-ro 258beon-gil, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Country : |
South Korea |
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Date of Incorporation : |
19.07.2010 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of other medical and surgical equipment and
orthopedic appliances |
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No. of Employees |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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. 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 |
Basic
|
Company Name |
SUN MYUNG INT`L INC. (Korean Company Name : “(주)선명통상”) |
|
Registered
Address |
35, Hwangsaeul-ro 258beon-gil, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
|
Building |
Rm.918, Dongyang Tres Belle |
|
Zip Code |
463-825 |
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Tel |
+82-31-718-1886~7 |
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Fax |
+82-31-718-1369 |
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E-mail |
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Website |
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Trading Address |
Rm.918, Dongyang Tres Belle, 35, Hwangsaeul-ro 258beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea (Old Address System : Rm. 918, Dongyang Tres Belle, 6-6, Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-718-1886~7 |
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Fax |
+82-31-718-1369 |
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Other Address |
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|
Tel |
|
|
Fax |
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|
Type |
Export |
|
Industry |
Manufacture of Other Medical and Surgical Equipment and
Orthopedic Appliances n.e.c. |
|
Main Business |
Medical Injector Needles, Electronic Components |
|
Sub Business |
|
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Established
(mm/dd/yyyy) |
07/19/2010 |
Mr. Shim
Jae-So owns the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Syringes and accessories(42142600) |
|
Sell |
Injection and aspiration needles and accessories(42142500) |
CEO’s
|
Name |
Shim Jae-So |
|
Address |
Suite 309-1402,
126, Seongbok 2-ro, Suji-gu, Yongin-si, Gyeonggi-do, Korea |
|
Date of Birth |
01/07/1948 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
2 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Hana Bank-Yongsan
Branch |
|
Corporate
Registered No. |
131111-0260114 |
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Business
Registered No. |
129-86-49***
(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 |
Int’l Trade No.: 192767 |
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Shareholder
Position |
The Owner has
100% shares. |
|
Company
History |
05/27/1987
Established as SUN MYUNG INTERNATIONAL CO.(Sole Proprietorship) 07/19/2010
Incorporated as the present name 08/07/2010
Increased capital to 100,000,000 KRW from 50,000,000 KRW |
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|
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Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President & CEO |
Mr. |
Shim Jae-So |
Male |
Korean |
07/19/2010 |
|
Director |
Mr. |
Kim Hoi-Kwan |
Male |
Korean |
03/13/2013 |
|
Director |
M/S. |
Kim Hee-Young |
Female |
Korean |
03/13/2013 |
|
Director |
Mr. |
Kim Yoon-Tae |
Male |
Korean |
03/13/2013 |
|
Auditor |
Mr. |
Won Dong-Jae |
Male |
Korean |
03/13/2013 |
Financials
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
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2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
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|
|
2008 |
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|
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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 |
200,000,000 |
|
Paid-Up
Capital |
100,000,000 |
|
Total Issues
Shares |
20,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Medical Injector Needles, Electronic Components |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
SHIN CHANG
MEDICAL CO., LTD. 320, GONGDAN
2-DONG, GUMI-SI, GYEONGSANGBUK-DO, KOREA TEL:+82-54-463-2400 FAX:+82-54-463-2121 TESHIMA KOREA
CO., LTD. 42-274, IHYEON-DONG,
SEO-GU, DAEGU, KOREA TEL:+82-53-562-4496 FAX:+82-53-562-4498 SEJOO
INTERNATIONAL 3-234,
INTERNATIONAL DISTRIBUTE COMPLEX, 555-9, HOGYE 1-DONG, DONGAN-GU, ANYANG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-479-6745 FAX:+82-31-479-6746 |
Sales by Region (Activity
& Markets)
The Subject
exports to Bangladeshi and Pakistan.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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 |
|
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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.