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Report No. : |
305140 |
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Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
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Name : |
INSUN CO., LTD. |
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Registered Office : |
64, Hwanggeum 2-ro, Yangchon-eup, Gimpo-si, Gyeonggi-do, Zip Code 415-843 |
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Country : |
Korea (South) |
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Date of Incorporation : |
21.05.2012 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacturer of Folder Gluer, Automatic Folder Gluer Machine, Automatic
Folding Machines, Carton Gluing Machine, Automatic Packaging
Machinery, Gluing Machinery, Automatic Folder, Folder Gluer
Machine, Folder Machines, Carton Folder Gluer, Stitcher
Machine, Automatic Double Stitcher Machines, Fast Carton Gluing
Machine, Automatic Box Folding Machines, Containers
Cleaning, Wrapping Machinery and Charger |
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No. of Employees : |
14 |
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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) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
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Company Name |
INSUN CO., LTD. (Korean Company Name : “(주)인선”) |
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Registered Address |
64, Hwanggeum 2-ro, Yangchon-eup,Gimpo-si,
Gyeonggi-do, Korea |
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Zip Code |
415-843 |
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Tel |
+82-31-997-5013 |
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Fax |
+82-31-997-5014 |
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E-mail |
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Website |
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Trading Address |
64, Hwanggeum 2-ro, Yangchon-eup,Gimpo-si,
Gyeonggi-do, Korea (Old Address System : 2718, Hakwoon-ri,
Yangchon-eup,Gimpo-si, Gyeonggi-do, Korea) |
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Tel |
+82-31-997-5013 |
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Fax |
+82-31-997-5014 |
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Other Address |
770, Dangha-dong, Seo-gu, Incheon, Korea |
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Tel |
+82-32-564-5013 |
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Fax |
+82-32-565-5755 |
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Type |
Export |
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Main Business |
Manufacturer of Folder Gluer, Automatic Folder Gluer Machine, Automatic
Folding Machines, Carton Gluing Machine, Automatic Packaging
Machinery, Gluing Machinery, Automatic Folder, Folder Gluer
Machine, Folder Machines, Carton Folder Gluer, Stitcher
Machine, Automatic Double Stitcher Machines, Fast Carton Gluing
Machine, Automatic Box Folding Machines, Containers
Cleaning, Wrapping Machinery and Charger |
|
Established (mm/dd/yyyy) |
05/21/2012 |
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Wrapping machinery(23152901) |
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Sell |
Packaging machinery(23152900) |
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Sell |
Taping machines(23152906) |
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Name |
Kang Seouk Hwi |
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Address |
Suite 101-803, 26-6, Dokjeong-ro
25beon-gil, Seo-gu, Incheon, Korea |
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Date of Birth |
01/19/1962 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
200,000,000 |
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Employees |
14 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
124411-0122648 |
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Business Registered No. |
137-86-21***(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.) |
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Permit & Licenses |
Int’l Trade No.: 30689716 |
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Shareholder Position |
N/A |
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Company History |
04/01/2003 Established as INSUN CO.(Sole Proprietorship, Reg. No.: 137-08-17342) 05/21/2012 Incorporated as the present name 11/2012 Awarded US$ 3 Million Export Top
Prize |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Kang Seouk Hwi |
Male |
Korean |
05/21/2012 |
|
Auditor |
Mr. |
Park Jung-Rae |
Male |
Korean |
05/21/2012 |
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) |
800,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
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Main Products & Services |
Folder Gluer, Automatic
Folder Gluer Machine, Automatic Folding Machines, Carton Gluing
Machine, Automatic Packaging Machinery, Gluing
Machinery, Automatic Folder, Folder Gluer Machine, Folder
Machines, Carton Folder Gluer, Stitcher Machine, Automatic Double
Stitcher Machines, Fast Carton Gluing Machine, Automatic Box Folding
Machines, Containers Cleaning, Wrapping Machinery and Charger |
|
Competitors |
HYOWON MACHINERY CO., LTD. 61-18, JIK-DONG, GWANGJU-SI, GYEONGGI-DO,
KOREA TEL:+82-31-799-1100 FAX:+82-31-799-1199 HANYANG PACKAGING MACHINERY CO., LTD. 97B-21L, NAMDONG INDUSTRIAL COMPLEX, 664-20,
GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-814-0084 FAX:+82-32-814-0087 TRIMAN INTERNATIONAL CO., LTD. RM. 821, SSANGYONG PLATINUM RIVER, 432-10,
CHEONHO 2-DONG, GANGDONG-GU, SEOUL, KOREA TEL:+82-2-475-5583 FAX:+82-2-475-5586 |
The Subject exports
to China, India, Mexico and UAE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.92.77 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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.