|
Report Date : |
24.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
COSMO TRADE &
ENG |
|
|
|
|
Registered Office : |
4, Daepyeong-Ro 45beon-Gil, Yeongdo-Gu,
Busan, Korea, Zip Code 606-022 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
02.08.2004 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesaler of Steel Plate |
|
|
|
|
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) |
|
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. 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 |
|
Concern
Name |
COSMO TRADE & ENG (Korean Concern Name : “코스모교역이엔지”) |
|
Registered Address |
4, Daepyeong-ro 45beon-gil, Yeongdo-gu,
Busan, Korea |
|
Zip Code |
606-022 |
|
Tel |
+82-51-319-2982 |
|
Fax |
+82-51-319-2984 |
|
E-mail |
|
|
Trading
Address |
4,
Daepyeong-ro 45beon-gil, Yeongdo-gu, Busan, Korea (Old Address System : 63-2, Daepyeong-dong 2-ga, Yeongdo-gu, Busan,
Korea) |
|
Tel |
+82-51-319-2982 |
|
Fax |
+82-51-319-2984 |
|
Other
Address |
Rm.204, 4-Dong, Industrials Goods Center,
Gwaebeop-dong, Sasang-gu, Busan, Korea |
|
Tel |
+82-51-415-2721 |
|
Type |
Export/Import |
|
Industry |
Wholesaler of Steel Plate |
|
Main Business |
Steel Plate |
|
Established (mm/dd/yyyy) |
08/02/2004 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel
plate(30102204) |
|
Sell |
Steel(11101704) |
|
Name |
Kim Jung-Kwon |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
N/A |
|
Formation |
Sole
Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
N/A. (The 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.: 12177556 |
|
Shareholder Position |
The owner has 100% shares. |
|
Concern History |
08/02/2004 Established as the present name |
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Kim Jung-Kwon |
Male |
Korean |
08/02/2004 |
|
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 |
|
Main Products & Services |
Steel Plate |
|
Competitors |
KOSTEEL CO.,
LTD. 4TH FL.,
HOUSTORY, 32-4, JEONNONG 2-DONG, DONGDAEMUN-GU, SEOUL, KOREA TEL:+82-2-2106-0200 FAX:+82-2-581-8800 JEIL TECHNOS
CO., LTD. 1850,
JANGHEUNG-DONG, NAM-GU, POHANG-SI, GYEONGSANGBUK-DO, KOREA TEL:+82-54-278-2841~4 FAX:+82-54-278-2883 GUM SUNG
INDUSTRIAL CO., LTD. 649-1,
NAKSAN-RI, WAEGWAN-EUP, CHILGOK-GUN, GYEONGSANGBUK-DO, KOREA TEL:+82-54-977-0047 FAX:+82-54-977-0049 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
PMS CO., LTD.(180111-0703983) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
UK Pound |
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.