|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOOYOUNG MEDITEC |
|
|
|
|
Registered Office : |
397, Seokcheon-ro, Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea |
|
|
|
|
Country : |
Korea (South) |
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|
|
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Date of Incorporation : |
01.08.2005 |
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|
|
|
Legal Form : |
Sole Proprietorship |
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|
|
|
Line of Business : |
Wholesales and Retails of Medical,
Precision and Scientific Instruments and Equipment |
|
|
|
|
No. of Employees : |
9 |
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 : |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
KOREA (SOUTH) - 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.
|
Source
: CIA |
Basic
|
Company Name |
BOOYOUNG MEDITEC |
|
Registered Address |
397, Seokcheon-ro, Ojeong-gu, Bucheon-si,
Gyeonggi-do, Korea |
|
Building |
Rm.101-907, Ssangyong Technopark, 3-Cha |
|
Zip Code |
421-808 |
|
Tel |
+82-32-624-0788 |
|
Fax |
+82-32-624-0787 |
|
E-mail |
swby81@daum.net |
|
Trading Address |
Rm.101-907, Ssangyong Technopark, 3-Cha,
397, Seokcheon-ro, Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea (Old Address System : Rm.101-907, Ssangyong
3-Cha, 36-1, Samjeong-dong, Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea) |
|
Tel |
+82-32-624-0788 |
|
Fax |
+82-32-624-0787 |
|
Type |
Export/Import |
|
Industry |
Wholesales and Retails of Medical,
Precision and Scientific Instruments and Equipment |
|
Main Business |
MRI, CT, X-Ray Tube, Medical Devices, Medical
Instruments, Medical Supplies |
|
Established (mm/dd/yyyy) |
08/01/2005 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Medical equipment and accessories and supplies(42000000) |
CEO’s
|
Name |
Park Yeon-Jong |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to the Sole Proprietorship |
|
Employees |
9 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
113-16-***** (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.: 30424520 |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
08/01/2005 Established as the present name |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Park Yeon-Jong |
Male |
Korean |
08/01/2005 |
|
Manager |
Mr. |
Yeo Sang-Won |
Male |
Korean |
- |
Financials
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(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 |
Products,
Technologies, Services Description
|
Main Products & Services |
Medical Devices, Medical Instruments, Medical
Supplies |
Trade Partners
& Competitors
|
Competitors |
CU CKIN CO., LTD. 5TH FI., SAMHYEONG CASTLE BLDG., 48-1,
JAMWON-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-511-4288 FAX:+82-2-511-4624 MEDIWAY KOREA CO., LTD. 3RD FL., SEOKCHO BLDG., 1784-1, SEOBYEON-DONG,
BUK-GU, DAEGU, KOREA TEL:+82-53-955-2225 FAX:+82-53-955-1124 HANKOOK ANDERSON C-403, LEADERSON TOWEN, 308, MANNYEON-DONG,
SEO-GU, DAEJEON, KOREA TEL:+82-42-485-7412~3 FAX:+82-42-485-7416 |
Sales by Region
(Activity & Markets)
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.