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Report No. : |
326234 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAXIMA KOREA LIMITED |
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|
|
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Registered Office : |
58, Eunhaeng-ro, Yeongdeungpo-gu, Seoul,
Korea, 150-869, Rm.202, Samdo Officetel |
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Country : |
South Korea |
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Date of Incorporation : |
11.12.2002 |
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Com. Reg. No.: |
105-86-47639 |
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Legal Form : |
Co., Ltd by shares Foreign Direct Investment Corporation |
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Line of Business : |
Wholesales of Spun Fibers and
Yarns |
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No. of Employees : |
01 |
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 |
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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 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, and is currently the world's 12th largest economy. 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 sluggish
growth because of external market slowdowns. 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.
|
Source
: CIA |
|
Company Name |
MAXIMA KOREA LIMITED (Korean Company Name : “(주)엠에이엑스아이엠코리아리미티드”) |
|
Registered Address |
58, Eunhaeng-ro, Yeongdeungpo-gu, Seoul,
Korea |
|
Building |
Rm.202, Samdo officetel |
|
Zip Code |
150-869 |
|
Tel |
+82-2-3274-0763 |
|
Fax |
+82-2-3274-0764 |
|
E-mail |
asehgal@alpexonline.com |
|
Website |
|
|
Trading Address |
Rm.202, Samdo officetel, 58, Eunhaeng-ro,
Yeongdeungpo-gu, Seoul, Korea (Old Address System : Rm.202, Samdo
officetel, 12-1, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
+82-2-3274-0763 |
|
Fax |
+82-2-3274-0764 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Wholesales of Spun Fibers and
Yarns |
|
Main Business |
Threads, Polyester Yarns, Spandex Yarns, Textiles |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
12/11/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Threads(11151600) |
|
Sell |
Sewing needles(53141605) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Synthetic yarn(11151709) |
|
Name |
Ashiwani Sehgal |
|
Address |
13-3, Kitanzali Enclaive New Deli 17 India |
|
Date of Birth |
07/17/1965 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Indian |
|
Capital (KRW) |
50,000,000 |
|
Employees |
1 |
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-2671041 |
|
Business Registered No. |
105-86-47639 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
12/11/2002 Incorporated as ALPEX EXPORT
KOREA LIMITED 01/08/2003 Registered as a Foreign Direct Investment
Corporation(K0037441) 01/27/2003 Changed company name to the present name 12/17/2014 Moved to the present HQ address
from Rm. 1512, Poonglim VIP Officetel, 127, Mapo-daero, Mapo-gu, Seoul, Korea
(Old Address System : Rm. 1512, Poonglim VIP Officetel, 404, Gongdeok-dong,
Mapo-gu, Seoul, Korea) |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Ashiwani Sehgal |
Male |
Indian |
12/20/2011 |
|
Auditor |
Mr. |
Chong Ho-Cheol |
Male |
Korean |
12/17/2014 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Threads, Polyester Yarns, Spandex Yarns, Textiles |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
TAEWON S & G LTD. 478-3, ONCHEON 1-DONG, DONGNAE-GU, BUSAN,
KOREA TEL:+82-51-558-1911~4 FAX:+82-51-555-3561 COMET KOREA CORPORATION RM. 301, BROTHER BLDG., 172, JUGYO-DONG,
JUNG-GU, SEOUL, KOREA TEL:+82-2-2278-5095 FAX:+82-2-2278-5098 TAE WOO SEWING MACHINE CORP. RM. 106, HONG-WON BLDG., 176-8, JUGYO-DONG,
JUNG-GU, SEOUL, KOREA TEL:+82-2-2279-5205 FAX:+82-2-2278-3124 C & K KOREA 485-3, YEONSAN 9-DONG, YEONJE-GU, BUSAN,
KOREA TEL:+82-51-761-6702 FAX:+82-51-761-6701 |
|
Affiliates |
SHINHAN TRADING CO., LTD.(110111-1792393) |
The Subject exports
to India.
Not Available.
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.