|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SSANGHEE CO., LTD. |
|
|
|
|
Registered Office : |
99, Mayu-ro 82beon-gil, Siheung-si, Gyeonggi-do, Korea 3MA-421, Shihwa Industrial Complex |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Date of Incorporation : |
27.03.2000 |
|
|
|
|
Com. Reg. No.: |
124-81-71718 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Other Insulated Wire and Cable |
|
|
|
|
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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South
Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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. 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 |
SSANGHEE CO., LTD. (Korean Company Name : “(주)쌍희”) |
|
Registered
Address |
99, Mayu-ro 82beon-gil, Siheung-si, Gyeonggi-do, Korea |
|
Building |
3MA-421, Shihwa Industrial Complex |
|
Zip Code |
429-854 |
|
Tel |
+82-31-431-0322 |
|
Fax |
+82-31-434-0320 |
|
E-mail |
ssanghee@ssanghee.com;slee44@chol.com |
|
Website |
www.ssanghee.com |
|
Trading Address |
3MA-421, Shihwa Industrial Complex, 99, Mayu-ro 82beon-gil, Siheung-si, Gyeonggi-do, Korea (Old Address System : 3MA-421, Shihwa Industrial Complex, 1381-14, Jeongwang 1-dong, Siheung-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-431-0322 |
|
Fax |
+82-31-434-0320 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Insulated Wire and Cable |
|
Main Business |
Electrical wire, Cable |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
03/27/2000 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Electrical wire(26121500) |
|
Sell |
Electrical cable and accessories(26121600) |
|
Sell |
Connecting leads or wires(39121435) |
|
Sell |
Coaxial cable(26121606) |
|
Sell |
Insulated or covered wire(26121524) |
CEO’s
|
Name |
Lee Jong-Gan |
|
Address |
Suite
206-1903, 801, Ori-ro, Gwangmyeong-si, Gyeonggi-do, Korea |
|
Date of Birth |
0/19/1956 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
550,000,000 |
|
Employees |
12 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate
Registered No. |
134811-0048761 |
|
Business
Registered No. |
124-81-71718 |
|
Permit &
Licenses |
N/A |
|
Shareholder
Position |
N/A |
|
Company
History |
03/27/2000
Incorporated as SUNGHEE ALLOYTECH CO., LTD. 03/27/2003
Changed company name to SSANGHEE ALLOY CO., LTD. 03/19/2009 Changed
company name to the present name 09/24/2012
Moved to the present HQ address from Rm. 906, 5-Ba, Shiwa Industrial
Complex, 765-5, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do,
Korea |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President & CEO |
Mr. |
Lee Jong-Gan |
Male |
Korean |
03/19/2009 |
|
Director |
Mr. |
Shin Hyun-Yong |
Male |
Korean |
03/27/2000 |
|
Auditor |
M/S. |
Choi
Kyung-Sook |
Female |
Korean |
03/19/2009 |
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) |
1,500,000,000 |
|
Paid-Up
Capital(KRW) |
550,000,000 |
|
Total Issues
Shares |
1,100,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Insulated Wire and Cable |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
TAIHAN
ELECTRIC WIRE CO.,LTD(110111-0035835) 113-119,
SIHEUNG 1-DONG, GEUMCHEON-GU, SEOUL 153-839 KOREA TEL:
+82-2-890-9114 FAX: +82-2-892-9387 GAON CABLE
CO.,LTD.(134111-0000567) 166,
GEUMJEONG-DONG, GUNPO-SI, GYEONGGI-DO, KOREA TEL:+82-31-459-6222 FAX:+82-31-454-1916 ILJIN ELECTRIC
CO.,LTD.(134811-0159279) 112-83,
ANNYEONG-DONG, HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-220-0500 FAX:+82-31-220-0789 KUKDONG
ELECTRIC WIRE CO.,LTD.(115211-0000609) 370-95,
YONGJEONG-RI, CHOPYEONG-MYEON, JINCHEON-GUN, CHUNGBUK-DO 365-863 KOREA TEL:
+82-43-530-2000~1 FAX: +82-43-530-2140 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
SSANGHEE METAL
CO.(KOREA) |
|
Overseas
Office |
|
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
|
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.