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Report No. : |
310072 |
|
Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUNG WOO
PRECISION CO. |
|
|
|
|
Registered Office : |
1029-37, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
|
|
|
|
Country : |
South
Korea |
|
|
|
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Date of Incorporation : |
18.09.1997 |
|
|
|
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Com. Reg. No.: |
130-02-53253 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
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|
|
|
Line of Business : |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
|
|
|
|
No. of Employees : |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
|
Company Name |
SUNG WOO
PRECISION CO. (Korean Company
Name : “성우정밀”) |
|
Registered Address |
1029-37, Hogye 1-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Building |
|
|
Zip Code |
431-848 |
|
Tel |
+82-31-453-0727~8 |
|
Fax |
+82-31-453-0729 |
|
E-mail |
swp9911@chol.com |
|
Website |
www.swpmold.com |
|
Trading Address |
1029-37, Hogye 1-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-453-0727~8 |
|
Fax |
+82-31-453-0729 |
|
Other Address |
691-3,
Gasan-dong, Geumcheon-gu, Seoul, Korea |
|
Tel |
+82-2-868-0727~8 |
|
Fax |
+82-2-868-0721 |
|
Type |
Export |
|
Industry |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
|
Main Business |
Specialty Stationery Mold, General Type Stationery Mold, Glue Stick,
Mold Parts |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
09/18/1997 |
Mr. Tae Sang-Ho owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic injection molds(23151514) |
|
Buy |
Hand or push drill(27111515) |
|
Buy |
Grinders(27111905) |
|
Buy |
Foundry supplies(23161600) |
|
Buy |
Acrylonitrile butadiene styrene resin(13111004) |
|
Buy |
End mills(27112803) |
|
Buy |
Form tools or toolbits(23153303) |
|
Name |
Tae Sang-Ho |
|
Address |
Suite 101-806, 32-1, Anyang-dong,
Manan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
07/23/1952 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
14 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
130-02-53253 |
|
Permit & Licenses |
05/2003 Utility model Patent 6-ITEM- STATIONERY Structure of Mold |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
09/18/1997 Established as the present name |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Tae Sang-Ho |
Male |
Korean |
09/18/1997 |
|
Director |
Mr. |
Tae Dong-Hoon |
Male |
Korean |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
|
|
|
|
2006 |
2,500,000,000 |
|
135,120,000 |
|
2005 |
1,834,000,000 |
|
94,320,000 |
|
2004 |
1,805,000,000 |
|
|
|
2003 |
1,761,000,000 |
|
|
The latest & full
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Total Issued Shares |
Not Applicable to the Sole Proprietorship |
|
Main Products & Services |
Specialty Stationery Mold, General Type Stationery Mold, Glue Stick, Mold
Parts |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
KEI U CORPORATION 565-15, GYESU-DONG, SIHEUNG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-224-3945 FAX:+82-31-224-3946 HWA SUNG TECH 206-1, DALCHEON-DONG, BUK-GU, ULSAN, KOREA TEL:+82-52-282-4734 FAX:+82-52-282-4738 HYESUNG PRECISION CO. 1768-10, SONGJEONG-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-831-4975 FAX:+82-51-831-4985 |
|
Sales/ Unit :Mil KRW |
2013 |
2012 |
2011 |
|
Export |
|
|
|
|
Domestic |
|
|
|
|
Total |
|
|
|
The Subject exports
to China, France, Russia, USA, India, Japan, Nigeria, Pakistan and Vietnam.
Not Available.
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.05 |
|
|
1 |
Rs.96.03 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
|
|
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.