|
Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BARO LOGIS CO., LTD. |
|
|
|
|
Registered Office : |
15, Eulji-ro 11-gil, Jung-gu, Seoul, Korea |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Date of Incorporation : |
15.02.1996 |
|
|
|
|
Com. Reg. No.: |
110-81-34446 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Subject is engaged in the Freight Transport Brokerage, Agency and Other
Supporting Transport Services |
|
|
|
|
No. of Employees : |
12 |
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 |
|
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.
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. 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 |
BARO LOGIS CO., LTD. |
|
Registered Address |
15, Eulji-ro 11-gil, Jung-gu, Seoul, Korea |
|
Building |
Rm.701, Donghwa Bldg. |
|
Zip Code |
100-230 |
|
Tel |
+82-2-322-6610 |
|
Fax |
+82-2-753-5342 |
|
E-mail |
ypark@barologis.com |
|
Trading Address |
Rm.701, Donghwa Bldg., 15, Eulji-ro 11-gil,
Jung-gu, Seoul, Korea (Old Address System : Rm.701, Donghwa
Bldg., 27-1, Supyo-dong, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-322-6610 |
|
Fax |
+82-2-753-5342 |
|
Type |
Export/Import |
|
Industry |
Freight Transport Brokerage, Agency and Other Supporting Transport
Services |
|
Main Business |
Integrated Global Logistics,
Air & Sea Freight Forwarding, Brokerage Services |
|
Established (mm/dd/yyyy) |
02/15/1996 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Transport arrangements(78141500) |
|
Sell |
International trade services(80151600) |
|
Sell |
Freight forwarders services(78141501) |
CEO’s
|
Name |
Park Young-Man |
|
Address |
Suite 812-1101, 1284, Gireum-dong, Seongbuk-gu,
Seoul, Korea |
|
Date of Birth |
03/02/1961 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
300,000,000 |
|
Employees |
12 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Industrial Bank of Korea-Shinmunro Branch Korea Exchnage Bank |
|
Corporate Registered No. |
110111-1242893 |
|
Business Registered No. |
110-81-34446 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
02/15/1996 Incorporated as BARO SHIPPING
CO., LTD. 07/11/1997 Increased capital to 300,000,000
KRW from 200,000,000 KRW 07/11/2008 Moved to the present HQ address
from 329-1, Ahyeon-dong, Mapo-gu, Seoul, Korea 10/04/2010 Changed company name to the
present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Young-Man |
Male |
Korean |
02/15/1996 |
|
Director |
Mr. |
Kim Kil-Joon |
Male |
Korean |
03/31/2010 |
|
Director |
M/S. |
Kim Sun-Ae |
Female |
Korean |
03/31/2010 |
|
Auditor |
Mr. |
Park Eui-Cheol |
Male |
Korean |
08/01/2007 |
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) |
800,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issued Shares |
30,000 |
Products, Technologies,
Services Description
|
Main Products & Services |
Freight Transport Brokerage, Agency and Other Supporting Transport
Services |
Trade Partners
& Competitors
|
Competitors |
YOUNG CHEON LOGISTICS CO., LTD. 4TH FL., YEONGCHEON BLDG., 33-2, GONGHANG-DONG,
GANGSEO-GU, SEOUL, KOREA TEL:+82-2-3663-9009 FAX:+82-2-3665-3004 AGILITY LTD. 2ND FL., YEOLRIN BLDG., 1666-3, SEOCHO
1-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-539-9411 FAX:+82-2-539-2071 AIRSTAR INTERNATIONAL CO., LTD. 2ND FL., SEOYEONG BLDG., 367-9,
SEOGYO-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-333-3933 FAX:+82-2-323-5700 |
Sales by Region
(Activity & Markets)
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
|
1 |
Rs.101.45 |
|
Euro |
1 |
Rs.83.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.