|
Report Date : |
20.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADMIN SYSTEMS CO., LTD. |
|
|
|
|
Registered Office : |
98, Olympic-ro, Songpa-gu, Seoul, Korea, 7FL., Seongjin Bldg. 138-861 |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Date of Incorporation : |
01.07.2011 |
|
|
|
|
Com. Reg. No.: |
215-87-55*** (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.) |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Consulting Services, Human Resources
Outsourcing Services, Management Services |
|
|
|
|
No. of Employees |
Not Available |
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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. 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 |
ADMIN SYSTEMS CO., LTD. (Korean Company Name : “(주)애드민시스템즈”) |
|
Registered Address |
98, Olympic-ro, Songpa-gu, Seoul, Korea |
|
Building |
7FL., Seongjin Bldg. |
|
Zip Code |
138-861 |
|
Tel |
+82-2-2203-6478 |
|
Fax |
+82-2-2203-2149 |
|
Trading Address |
7FL., Seongjin Bldg., 98, Olympic-ro,
Songpa-gu, Seoul, Korea (Old Address System : 7FL., Seongjin
Bldg., 181-2, Jamsilbon-dong, Songpa-gu, Seoul, Korea) |
|
Tel |
+82-2-2203-6478 |
|
Fax |
+82-2-2203-2149 |
|
Type |
Export/Import |
|
Industry |
Provision of Human Resources |
|
Main Business |
Consulting Services, Human Resources
Outsourcing Services, Management Services |
|
Established (mm/dd/yyyy) |
07/01/2011 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Provision of Human Resources |
|
Sell |
HR Outsourcing Services |
|
Name |
Chung Seoung-Se |
|
Address |
Suite 22-1002, 104, Olympic-ro 35-gil,
Songpa-gu, Seoul, Korea |
|
Date of Birth |
03/07/1955 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
200,000,000 |
|
Employees |
N/A |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-4638651 |
|
Business Registered No. |
215-87-55*** (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 |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
07/01/2011 Incorporated as the present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Chung Seoung-Se |
Male |
Korean |
03/31/2014 |
|
Director |
Mr. |
Chung Sung-Moon |
Male |
Korean |
03/31/2014 |
|
Auditor |
M/S. |
Lee Sun-Ye |
Female |
Korean |
03/31/2014 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
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) |
200,000,000 |
|
Total Issued Shares |
40,000 |
|
Main Products & Services |
Consulting Services, Human Resources Outsourcing
Services, Management Services |
|
Competitors |
KIS TEMP CO., LTD. 3RD FL., SUDO BLDG., 273-4, EULJIRO 5-GA,
JUNG-GU, SEOUL, KOREA TEL:+82-2-595-8119 FAX:+82-2-2277-0422 JOEUN SEARCH CO., LTD. 6TH FL., HANSIN COMPLEX BLDG., 952-20,
INGYE-DONG, PALDAL-GU, SUWON-SI, GYEONGGI-DO, KOREA TEL:+82-31-222-0082 FAX:+82-31-221-6686 H & T OUTSOURCING SYSTEM CORP. 5TH FL., HAMJI BLDG., 696-5, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-566-1862 FAX:+82-2-566-1896 |
|
Affiliates |
ADMIN CO., LTD.(110111-2028846) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate Ownership |
ADMIN CO., LTD.(110111-2028846) |
|
Major Shareholders |
|
|
Cooperative Enterprise |
|
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.42 |
|
|
1 |
Rs.98.28 |
|
Euro |
1 |
Rs.80.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.