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Report No. : |
305096 |
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Report Date : |
24.01.2015 |
IDENTIFICATION DETAILS
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Name : |
S&V KOREA |
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Registered Office : |
358-25, Hosu-ro,
Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea |
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Country : |
South Korea |
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Date of Incorporation : |
02.11.1988 |
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Com. Reg. No.: |
213-01-49509 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Material Testing, Measuring and Checking Instruments. |
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No. of Employee : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
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Source
: CIA |
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Company Name |
S&V KOREA |
|
Registered Address |
358-25, Hosu-ro,
Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea |
|
Building |
Rm.418, Dongmun Good Morning Tower 2 Cha |
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Zip Code |
410-704 |
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Tel |
+82-31-907-8807 |
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Fax |
+82-31-907-7897 |
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E-mail |
sichoi@snvkorea.co.kr |
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Website |
www.snvkorea.co.kr |
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Trading Address |
Rm.418, Dongmun
Good Morning Tower 2 Cha, 358-25, Hosu-ro, Ilsandong-gu, Goyang-si,
Gyeonggi-do, Korea (Old Address System
: Rm.418, Dongmun Good Morning Tower 2 Cha, 1324, Baekseok 2-dong,
Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea) |
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Tel |
+82-31-907-8807 |
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Fax |
+82-31-907-7897 |
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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 |
Wholesales of Material Testing, Measuring
and Checking Instruments |
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Main Business |
Measuring Instrument |
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Sub Business |
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Established (mm/dd/yyyy) |
02/11/1998 |
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Activity |
Detailed
Products (UNSPSC) |
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Sell |
Electronic and
communication measuring and testing instruments(41113700) |
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Sell |
Electrical measuring and testing
equipment(41113600) |
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Name |
Choi
Seung-Il |
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Address |
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Date of
Birth |
03/18/1965 |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
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Capital
(KRW) |
Not Applicable to the Sole Proprietorship |
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Employees |
3 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial
Bank of Korea-Yangjae Dong Branch |
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Corporate
Registered No. |
Not Applicable
to the Sole Proprietorship |
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Business
Registered No. |
213-01-49509 |
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Permit &
Licenses |
N/A |
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Shareholder
Position |
The owner
has 100% shares. |
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Company
History |
02/11/1998 Established as the present name |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Choi Seung-Il |
Male |
Korean |
02/11/1998 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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2008 |
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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) |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issued
Shares |
Not Applicable to the Sole Proprietorship |
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Balance Sheet |
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Unit : Million Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
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Total Assets |
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Current
Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
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Current
Liabilities |
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Fixed
Liabilities |
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Capital
Stock |
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Capital
Surplus |
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Profit
Surplus |
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Capital
Adjustment |
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Total Equity |
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Liab. &
Shareholder’s Equity |
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Income Statement |
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Unit : Million Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
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Sales |
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Cost of Sold
Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating
Income |
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Non-Operating
Income |
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Non-Operating
Expenses |
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Income
Before Taxes |
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Income Taxes
Expenses |
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Net Income |
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Cash Flows |
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Unit : Million Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
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Cash Flows
from Operating |
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-Net Income |
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-Exp.
without Cash Outflow |
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-Revenue
without Cash Inflows |
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-Changes in
Asset/ & Liability |
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Cash Flows
from Investing |
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-Cash Inflow
from Investing |
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-Cash
Outflows for Investing |
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Cash Flows
from Financing |
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-Cash
Inflows from Financing |
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-Cash
Outflows from Financing |
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Increase/Decrease
in Cash |
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Cash at the Beginning
of Year |
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Cash at the
End of Year |
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Main Products & Services |
Measuring Instrument |
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Detailed Products Spec. |
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Technologies Acquired |
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Suppliers |
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Customers |
01DB-METRAVOB(FRANCE) IMV(JAPAN) |
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Competitors |
WOOJIN, INC. 292,
OSAN-RI, DONGTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-379-3114 FAX:+82-31-379-3131 HISCO INC. 15-5, YANGPYEONG-DONG
4-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-2677-6041 FAX:+82-2-2672-1873 YOUNG HEUNG
INSTRUMENTS CO., LTD. A-139,
ANSEONG MACHINE TOOLS COMPLEX, 410-13, SINDORIM-DONG, GURO-GU, SEOUL, KOREA TEL:+82-2-2671-3956 FAX:+82-2-2671-6490 |
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Affiliates |
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Overseas
Office |
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Liaison
Office |
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Overseas
Branch |
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Joint
Venture |
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Subsidiary |
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Corporate
Ownership |
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Major
Shareholders |
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Cooperative
Enterprise |
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Sales/ Unit :Mil KRW |
2013 |
2012 |
2011 |
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Export |
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Domestic |
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Total |
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The Subject imports from France and Japan.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.50 |
|
|
1 |
Rs. 92.16 |
|
Euro |
1 |
Rs. 69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
|
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 |
|
<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.