MIRA INFORM REPORT

 

 

Report No. :

331444

Report Date :

09.07.2015

 

IDENTIFICATION DETAILS

 

Name :

RILA RILA CORPORATION

 

 

Registered Office :

56, Jungdae-ro, Songpa-gu, Seoul, Korea, 138-885, B1, 1FL., & 5FL., Kukje Bldg.

 

 

Country :

South Korea

 

 

Date of Incorporation :

04.01.2012

 

 

Com. Reg. No.:

606-86-34753

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales of Shoes

 

 

No. of Employees :

14

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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

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 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 Information

 

Company Name

RILA RILA CORPORATION

(Korean Company Name : “(주)릴라릴라”)

Registered Address

56, Jungdae-ro, Songpa-gu, Seoul, Korea

Building

B1, 1FL., & 5FL., Kukje Bldg.

Zip Code

138-885

Tel

+82-2-3012-3511

Fax

+82-2-3012-3512

E-mail

eo.suksoon@jeffreyatelier.com

Website

www.rilarila.co.kr

Trading Address

B1, 1FL., & 5FL., Kukje Bldg., 56, Jungdae-ro, Songpa-gu, Seoul, Korea

(Old Address System : B1, 1FL., & 5FL., Kukje Bldg., 150-4, Munjeong 2-dong, Songpa-gu, Seoul, Korea)

Tel

+82-70-8680-3188

Fax

+82-2-3012-3512

Other Address

Rm.105, 2912, Nambusunhwan-ro, Gangnam-gu, Seoul, Korea

Tel

 

Fax

 

Other Address

Rm.1-2, 93, Bangbae-ro, Seocho-gu, Seoul, Korea

Tel

 

Fax

 

Other Address

1725, Gyeongchun-ro, Hwado-eup, Namyangju-si, Gyeonggi-do, Korea

Tel

 

Fax

 

Other Address

15, Nonhyeon-ro 171-gil, Gangnam-gu, Seoul, Korea

Tel

 

Fax

 

Other Address

11, Mokdongjungangbuk-ro, Yangcheon-gu, Seoul, Korea

Tel

 

Fax

 

Other Address

827, Tongil-ro, Eunpyeong-gu, Seoul, Korea

Tel

 

Fax

 

Other Address

1222, Yangjae-daero, Songpa-gu, Seoul, Korea

Tel

 

Fax

 

Other Address

237, Hyoryeong-ro, Seocho-gu, Seoul, Korea

Tel

 

Fax

 

Type

Import

Industry

Wholesales of Shoes

  Main Business

Shoes, Footwear, Accessories, Garments, Bags, Caps, E-Commerce

  Sub Business

 

Established (mm/dd/yyyy)

01/04/2012

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Shoes(53111600)

Sell

Footwear(53110000)

 

 

CEO’s

 

Name

Lee Jae-Hoon

Address

Suite 305-901, 100, Gwanganhaebyeon-ro, Suyeong-gu, Busan, Korea

Date of Birth

12/18/1974

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

950,000,000

Employees

14

Formation

Co., Ltd by Shares

Bank Details

Kookmin Bank(A/C No.: 790801-04-037607)

Woori Bank(A/C No. : 1005-502-008791)

Shinhan Bank(A/C No.: 100-027-947335)

Corporate Registered No.

180111-0789850

Business Registered No.

606-86-34753

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

01/04/2012 Incorporated as the present name

03/19/2014 Moved to the present HQ address from Rm.502, Kukje Bldg., 56, Jungdae-ro, Songpa-gu, Seoul, Korea

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Lee Jae-Hoon

Male

Korean

01/04/2012

Auditor

Mr.

Sohn Jung-Min

Male

Korean

01/04/2012

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2014

 

 

 

2013

 

 

 

2012

 

 

 

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)

3,800,000,000

Paid-Up Capital(KRW)

950,000,000

Total Issued Shares

190,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Shoes, Footwear, Accessories, Garments, Bags, Caps, E-Commerce

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

SHIN SANG CO., LTD.

75-4, GEUMSA-DONG, GEUMJEONG-GU, BUSAN, KOREA

TEL:+82-51-528-4370  FAX:+82-51-528-4381

 

MELLOW COMPANY CO., LTD.

RM. 908, TOWER 2-DONG, WESTERN DOM TOWER, 867, JANGHANG 2-DONG, ILSANDONG-GU, GOYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-2-780-8688  FAX:+82-31-931-5878

 

TREKSTA CO., LTD

1549-2, SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-309-3500  FAX:+82-51-309-3600

 

 

Sales by Region (Activity & Markets)

 

Not Available.

Court Action

 

Not Available.

 

 

News Clipping

 

------

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.57

UK Pound

1

Rs.98.22

Euro

1

Rs.69.93

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.