|
Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SPACE POWER SEME CONDEXTROS KR CO., LTD. |
|
|
|
|
Registered Office : |
32-28, Jongam-ro 14-gil, Seongbuk-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
03.01.2001 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
·
Wholesale of Photographic and
Optical Goods ·
Graphic Machinery, Camera, MP3, Electronic
Appliances ·
Wholesale of Household Electric
Appliances and Parts |
|
|
|
|
No. of Employees : |
4 |
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) |
|
Korea (South) |
A1 |
A1 |
|
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
|
Company
Name |
SPACE POWER SEME CONDEXTROS KR CO., LTD. (Korean Company Name : “스페이스파워세미컨덱트로스케이알(주)”) |
|
Registered Address |
32-28, Jongam-ro 14-gil, Seongbuk-gu,
Seoul, Korea |
|
Building |
Rm. B02, Gukjin Villa |
|
Zip Code |
136-858 |
|
Tel |
+82-2-919-6708 |
|
Fax |
+82-2-919-6708 |
|
Trading Address |
Rm. B02, Gukjin Villa, 32-28, Jongam-ro
14-gil, Seongbuk-gu, Seoul, Korea (Old Address System : Rm.
B02, Gukjin Villa, 7-60, Jongam-dong, Seongbuk-gu, Seoul, Korea) |
|
Tel |
+82-2-919-6708 |
|
Fax |
+82-2-919-6708 |
|
Type |
Export |
|
Industry |
Wholesale of Photographic and Optical Goods |
|
Main
Business |
Graphic Machinery, Camera, MP3, Electronic Appliances |
|
Sub
Business |
Wholesale of Household Electric Appliances and Parts |
|
Established (mm/dd/yyyy) |
04/03/2001 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
MP3 Players or Recorders(52161543) |
|
Sell |
Personal digital assistant PDAs or organizers(43211504) |
CEO’s
|
Name |
Muhammad Rizwan(Mobile : +82-10-9198-6708) |
|
Address |
Rm. B02, Gukjin Villa, 32-28, Jongam-ro 14-gil,
Seongbuk-gu, Seoul, Korea |
|
Date of Birth |
01/08/1969 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Pakistani |
Profiles
|
Capital (KRW) |
125,000,000 |
|
Employees |
4 |
|
Formation |
Co., Ltd by Shares Foreign Direct Investment Corporation |
|
Bank Details |
Industrial Bank of Korea-Jongam Dong Branch |
|
Corporate Registered No. |
110111-2208240 |
|
Business Registered No. |
209-81-28*** (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 |
Int’l Trade No.: 11949585 |
|
Shareholder Position |
N/A |
|
Company History |
04/03/2001 Incorporated as the present name 12/18/2002 Increased capital to 125,000,000
KRW from 75,000,000 KRW 11/24/2004 Moved to the present HQ address
from 12-55, Jongam-dong, Seongbuk-gu, Seoul, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Muhammad Rizwan |
Male |
Pakistani |
02/23/2009 |
|
Auditor |
Mr. |
Imuwan Jodri |
Male |
Pakistani |
02/23/2009 |
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) |
125,000,000 |
|
Total Issued Shares |
25,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
Graphic Machinery, Camera, MP3, Electronic Appliances |
Trade Partners
& Competitors
|
Competitors |
EDO COMPANY
T&D INC. 3RD FL., DAESEUNG BLDG., 8-3, NONHYEON
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-713-6898 FAX:+82-2-713-6897 SAMSHIN E & B CO., LTD. 3RD FL., YMCA BLDG., 117, SOGONG-DONG,
JUNG-GU, SEOUL, KOREA TEL:+82-2-777-4741 FAX:+82-2-755-6486 NURIAN CO., LTD. 1ST FL., HANNURI BLDG., 997-3, HWAGOK
6-DONG, GANGSEO-GU, SEOUL, KOREA TEL:+82-2-2606-3323 FAX:+82-2-2606-3515 |
Sales by Region (Activity & Markets)
The Subject deals
with the companies in Pakistan.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.42 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.