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Report No. : |
307016 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ARION CO., LTD. |
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Registered Office : |
164, Tancheonsang-ro,Bundang-gu, Seongnam-si, |
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Country : |
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Date of Incorporation : |
21.10.2011 |
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Com. Reg. No.: |
129-86-67043 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
·
Wholesale of Gravel, Bricks and Cement ·
Wholesale of Materials for Recycling and Other
Specialized Goods |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South Korea |
A1 |
A1 |
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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 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 |
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Company
Name |
ARION CO., LTD. (Korean Company
Name : “(주)아리온”) |
|
Registered Address |
164, Tancheonsang-ro,Bundang-gu,
Seongnam-si,Gyeonggi-do, Korea |
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Building |
B-730, Sigma 2 Officetel |
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Zip Code |
463-741 |
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Tel |
+82-31-718-7481 |
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Fax |
+82-31-718-7483 |
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E-mail |
arionco@hanmir.com; arionco@hanmail.net |
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Website |
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Trading Address |
B-730, Sigma 2 Officetel, 164,
Tancheonsang-ro,Bundang-gu, Seongnam-si,Gyeonggi-do, Korea (Old Address System : B-730, Sigma 2
Officetel, 18, Gumi-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea) |
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Tel |
+82-31-718-7481 |
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Fax |
+82-31-718-7483 |
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Other Address |
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|
Tel |
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|
Fax |
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Type |
Export/Import |
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Industry |
Wholesale of Gravel, Bricks and Cement Wholesale of Materials for Recycling and Other Specialized Goods
n.e.c. |
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Main Business |
Fiber Glass, Cold Roll Steel Strip, Refractories, Rubber Goods,
Silicon Goods |
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Sub
Business |
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Established (mm/dd/yyyy) |
10/21/2011 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Glass fibers(11151512) |
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Name |
Kim Hyeon-Ju |
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Address |
Suite 707-1703, 143, Geumgok-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Date of Birth |
07/08/1954 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
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Employees |
3 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
131111-0295145 |
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Business Registered No. |
129-86-67043 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
02/22/2001 Established as ARION CO.(Sole Proprietorship) 10/21/2011 Incorporated as the present name 08/01/2012
Moved to the present HQ address from B-332, Sigma 2 Officetel, 18, Gumi-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Hyeon-Ju |
Male |
Korean |
10/21/2011 |
|
Director |
Mr. |
Kim Byung-Hoon |
Male |
Korean |
10/21/2011 |
|
Director |
Mr. |
Ka Yong-Woo |
Male |
Chinese |
10/21/2011 |
|
Director |
Mr. |
Kim Byung-Soo |
Male |
Korean |
10/21/2011 |
|
Auditor |
M/S. |
Ok Kyung-Ok |
Female |
Korean |
10/21/2011 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issued Shares |
5,000 |
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Main Products & Services |
Fiber Glass, Cold Roll Steel Strip, Refractories, Rubber Goods,
Silicon Goods |
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Detailed Products Spec. |
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Technologies Acquired |
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Suppliers |
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Customers |
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Competitors |
SILTRON INCORPORATED 274, IMSU-DONG, GUMI-SI, GYEONGSANGBUK-DO,
KOREA TEL:+82-54-470-6116 FAX:+82-54-470-6618 TOKAI CARBON KOREA CO., LTD. ANSEONG INDUSTRIAL COMPLEX 2, 271-2, GYEREUK-RI,
MIYANG-MYEON, ANSEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-677-0277 FAX:+82-31-677-0276 ONSE INC. 264, SUCHAM-RI, TONGJIN-EUP, GIMPO-SI,
GYEONGGI-DO, KOREA TEL:+82-31-981-4506 FAX:+82-31-981-4507 |
The Subject exports
to India, China and Japan.
Not Available.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
TPT |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.