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Report No. : |
357066 |
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Report Date : |
25.12.2015 |
IDENTIFICATION DETAILS
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Name : |
AUTO KOREA |
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Registered Office : |
20, Hwangmul-ro 15ga-gil,
Dongdaemun-gu, Seoul, 02619 |
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Country : |
South Korea |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
204-19-82299 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales and Retails of Other Parts and Accessories for Motor Vehicles Filter, Fuel Pump, Gasket, Steering Gear, Water Pump |
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No. of Employee : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible economic 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. A system of close government and business ties, including directed credit and import restrictions, initially 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 7% 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 over 6% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy experienced slow growth due to sluggish domestic consumption and investment. The administration in 2015 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 the heavy reliance on exports, which comprise about half of GDP. In an effort to address the long term challenges and sustain economic growth, the current government has prioritized structural reforms, deregulation, promotion of entrepreneurship and creative industries, and the competitiveness of small and medium enterprises.
|
Source
: CIA |
Basic
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Company Name |
AUTO KOREA (Trade Name : AK) |
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Registered Address |
20, Hwangmul-ro 15ga-gil, Dongdaemun-gu,
Seoul, Korea |
|
Building |
|
|
Zip Code |
02619 |
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Tel |
+82-2-2215-0641 |
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Fax |
+82-2-2215-0642 |
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E-mail |
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|
Website |
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Trading Address |
20, Hwangmul-ro 15ga-gil, Dongdaemun-gu,
Seoul, Korea (Old Address System : 959-3, Dapsimni
2-dong, Dongdaemun-gu, Seoul, Korea) |
|
Tel |
+82-2-2215-0641 |
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Fax |
+82-2-2215-0642 |
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Other Address |
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|
Tel |
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|
Fax |
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Type |
Export |
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Industry |
Wholesales and Retails of Other Parts and
Accessories for Motor Vehicles n. e. c. |
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Main Business |
Filter, Fuel Pump, Gasket, Steering Gear,
Water Pump |
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Sub
Business |
|
|
Established (mm/dd/yyyy) |
N/A |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Fuel pumps(40151532) |
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Sell |
Gears(31171700) |
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Sell |
Gaskets(31181500) |
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Sell |
Engine components and accessories(26101700) |
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Sell |
Pumps(40151500) |
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Name |
Seo Seung-Kil |
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Address |
- |
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Date of Birth |
- |
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Title |
Owner |
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Nationality |
Korean |
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Capital (KRW) |
Not Applicable to the Sole Proprietorship |
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Employees |
1 |
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Formation |
Sole Proprietorship |
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Bank Details |
N/A |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
204-19-82299 |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner(s) has 100% shares. |
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Company History |
The established date is not available. 11/29/2012 The Subject has been closed
according to the National Tax Services. |
There was a company with the same name with the subject, AUTO
KOREA(Owner : M/S. You Eun-Young : 204-25-59***) at Hwangmul-ro 15ga-gil,
Dongdaemun-gu, Seoul, Korea. However the full Business Registered No., and the
detailed address of this company are not available.
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Owner |
Seo Seung-Kil |
Korean |
N/A |
N/A |
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) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issued Shares |
Not Applicable to the Sole Proprietorship |
Products,
Technologies, Services Description
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Main Products & Services |
Filter, Fuel Pump, Gasket, Steering Gear, Water
Pump |
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Detailed Products Spec. |
|
|
Technologies Acquired |
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Trade Partners &
Competitors
|
Suppliers |
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Customers |
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Competitors |
KEFICO CORPORATION 410, DANGJEONG-DONG, GUNPO-SI, GYEONGGI-DO,
KOREA TEL:+82-31-450-9015 FAX:+82-31-450-9022 HYUNDAM INDUSTRIAL CO., LTD. 343-21, YEOK-RI, YEONGIN-MYEON, ASAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-539-7200 FAX:+82-41-539-7280 DELPHI POWERTRAIN SYSTEMS KOREA LTD. 851-2, OE-DONG, CHANGWON-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-282-3931 FAX:+82-55-283-0330 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
KRW |
1 |
Rs.0.056 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
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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.