MIRA INFORM REPORT

Report Date :

26.09.2014

IDENTIFICATION DETAILS

Name :	SAIKILRO CO., LTD.

Registered Office :	5, Pil-dong 1-ga, Jung-gu, Seoul, Korea, Rm.503, Hana Mansion 100-867

Country :	Korea (South)

Date of Incorporation :	02.07.1997

Com. Reg. No.:	114-81-79955

Legal Form :	Co., Ltd by Shares

Line of Business :	Wholesales and Retails of Other Machinery and Equipment

No. of Employees :	2

RATING & COMMENTS

MIRA’s Rating :

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)

Korea (South)

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. 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 Information

Basic

Company Name	SAIKILRO CO., LTD. (Korean Company Name : “새길로(주)”)
Registered Address	5, Pil-dong 1-ga, Jung-gu, Seoul, Korea
Building	Rm.503, Hana Mansion
Zip Code	100-867
Tel	+82-2-3444-7914
Fax	+82-2-3442-4036
E-mail	saikilro@unitel.co.kr
Trading Address	Rm.503, Hana Mansion, 5, Pil-dong 1-ga, Jung-gu, Seoul, Korea
Tel	+82-2-3444-7914
Fax	+82-2-3442-4036
Other Address	Rm.301, Dongkyung Bldg., 38-11, Jamwon-dong, Seocho-gu, Seoul, Korea
Type	Export/Import
Industry	Wholesales and Retails of Other Machinery and Equipment
Main Business	Offset Printing Machine, Sauna & Swimming Pool Equipment and Interior Services
Established (mm/dd/yyyy)	07/02/1997

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Printing machinery and equipment(45101500)

CEO’s

Name	Lee Gu-Yun
Address	32, Sinbanpo-ro 41-gil, Seocho-gu, Seoul, Korea
Date of Birth	12/05/1949
Title	Representative Director
Sex	Male
Nationality	German

Profiles

Capital (KRW)	200,000,000
Employees	2
Formation	Co., Ltd by Shares
Bank Details	Kookmin Bank
Corporate Registered No.	110111-1434911
Business Registered No.	114-81-79955
Permit & Licenses	Int’l Trade No.: 11452922
Shareholder Position	N/A
Company History	07/02/1997 Incorporated as the present name 12/23/1997 Increased capital to 200,000,000 KRW from 50,000,000 KRW 10/07/2010 Moved to the present HQ address from 44-1, Jamwon-dong, Seocho-gu, Seoul, Korea

Detailed Information

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Representative Director	Mr.	Lee Gu-Yun	Male	German	03/31/2013
Auditor	M/S.	Choi Jung-Ae	Female	Korean	03/31/2013

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)	200,000,000
Paid-Up Capital(KRW)	200,000,000
Total Issued Shares	40,000

Products, Technologies, Services Description

Main Products & Services

Offset Printing Machine, Sauna & Swimming Pool Equipment and Interior Services

Trade Partners & Competitors

Competitors

HKE CO., LTD.

RM.1007, WORLD MERIDIAN BIZ CENTER, 15-1, YANGPYEONG-DONG 3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-2165-8954 FAX:+82-2-2635-1315

INTERBEX TECHNOLOGY CO., LTD.

842-1, YULAM-RI, PALTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-359-9914 FAX:+82-31-359-9924

DAEYANG MACHINERY CO., LTD.

2BA-608, SIHWA INDUSTRIAL COMPLEX, 2176-8, JEONGWANG 2-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-499-0138 FAX:+82-31-499-0137

Sales by Region (Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.02
UK Pound	1	Rs.99.42
Euro	1	Rs.77.84

INFORMATION DETAILS

Analysis Done by :	SUM

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%)

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