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Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
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Name : |
S AGRONET |
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Registered Office : |
1161-2, Hadan 2-dong, Saha-gu, Busan, Rm. 145-130,
Garak Town 1 Danji Store, Zip Code 604-761 |
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Country : |
South Korea |
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Date of Incorporation : |
06.04.2009 |
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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 of Agricultural Products, Coco
Peat, Zeolite as well as Raw Materials for
Agricultural Industry |
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|
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 |
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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.
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.
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Source : CIA |
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Concern Name |
S AGRONET (Korean Concern Name : “에스아그로넷”) |
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Registered Address |
1161-2, Hadan 2-dong, Saha-gu, Busan, Korea |
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Building |
Rm.
145-130, Garak Town 1 Danji Store |
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Zip Code |
604-761 |
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Tel |
+82-70-7680-6284 |
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Fax |
+82-51-996-6284 |
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E-mail |
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Trading
Address |
Rm. 145-130, Garak Town 1 Danji Store, 1161-2, Hadan 2-dong,
Saha-gu, Busan, Korea |
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Tel |
+82-70-7680-6284 |
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Fax |
+82-51-996-6284 |
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Type |
Export/Import |
|
Main Business |
Wholesaler of Agricultural Products, Coco
Peat, Zeolite as well as Raw Materials for
Agricultural Industry |
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Established (mm/dd/yyyy) |
04/06/2009 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Minerals(11101500) |
|
Name |
Jung Sang-Hoon (Mobile : +82-10-9015-6284) |
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Date of Birth |
10/23/1970 |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
Not Applicable to the
Sole Proprietorship |
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Employees |
N/A |
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Formation |
Sole
Proprietorship |
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Bank Details |
Kookmin
Bank-Hadan Dong Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
603-10-84***(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.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
The Owner has 100% shares. |
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Concern History |
04/06/2009 Established as the present name |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Jung Sang-Hoon |
Male |
Korean |
04/06/2009 |
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 |
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Total Issued Shares |
Not
Applicable to the Sole Proprietorship |
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Main Products & Services |
Coco Peat, Zeolite |
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Competitors |
E WOO KOREA AGRI 507-5, GUUN-DONG, GWONSEON-GU, SUWON-SI,
GYEONGGI-DO, KOREA TEL:+82-31-291-4568 FAX:+82-31-291-4569 GREEN SUPPLIES CO., LTD. 265-27, SINWON-DONG, DEOKYANG-GU,
GOYANG-SI, GYEONGGI-DO, KOREA TEL:+82-2-382-1212 FAX:+82-2-382-1211 KGH INDUSTRY LTD. RM. 402, INJEONG MELODY COMPLEX, 406-51,
DUNJEON-RI, POGOK-EUP, CHEOIN-GU, YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-339-9456 FAX:+82-31-339-9458 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.11 |
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UK Pound |
1 |
Rs.102.32 |
|
Euro |
1 |
Rs.81.75 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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-- |
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.