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Report No. : |
327338 |
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Report Date : |
15.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SAMSUN TRADE CO., LTD. |
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Registered Office : |
9, Maegok-Ro 4-Gil, Dasa-Eup, Dalseong-Gun, Daegu, Rm.107-1506, Maegok Hanil U&I Apt. Korea 711-791 |
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Country : |
South Korea |
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Date of Incorporation : |
06.07.2006 |
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Com. Reg. No.: |
503-81-72977 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesales of Machinery for Other
Textiles, Apparel and Leather Processing |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
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 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 |
SAMSUN TRADE CO., LTD. |
|
Registered Address |
9, Maegok-ro 4-gil, Dasa-eup,
Dalseong-gun, Daegu, Korea |
|
Building |
Rm.107-1506, Maegok Hanil U&I Apt. |
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Zip Code |
711-791 |
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Tel |
+82-53-593-6901 |
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Fax |
+82-53-593-6902 |
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E-mail |
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|
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Trading Address |
Rm.107-1506,
Maegok Hanil U&I Apt., 9, Maegok-ro 4-gil, Dasa-eup, Dalseong-gun,
Daegu, Korea (Old Address System : Rm.107-1506, Maegok Hanil U&I Apt., 622, Maegok-ri, Dasa-eup,
Dalseong-gun, Daegu, Korea) |
|
Tel |
+82-53-593-6901 |
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Fax |
+82-53-593-6902 |
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|
|
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Type |
Export/Import |
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Industry |
Wholesales of Textiles, Textile Machinery
and Parts, Textile Products & Machinery |
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Main Business |
Wholesales of Machinery for Other
Textiles, Apparel and Leather Processing |
|
|
|
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Established (mm/dd/yyyy) |
07/06/2006 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Textile working machinery and equipment and accessories(23121600) |
|
Sell |
Silk processing machines(23121613) |
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Sell |
Textile and fabric machinery and accessories(23120000) |
|
Sell |
Printing machinery and equipment(45101500) |
|
Name |
Ismail Khan(Mobile : +82-10-8689-9226) |
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Address |
Rm.107-1506,
Maegok Hanil U&I Apt., 9, Maegok-ro 4-gil, Dasa-eup, Dalseong-gun,
Daegu, Korea |
|
Date of Birth |
10/18/1972 |
|
Title |
Managing Director |
|
Sex |
Male |
|
Nationality |
Pakistani |
|
Capital (KRW) |
50,000,000 |
|
Employees |
2 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank |
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Corporate Registered No. |
170111-0313057 |
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Business Registered No. |
503-81-72977 |
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Permit & Licenses |
Int’l Trade No.: 13126494 |
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Shareholder Position |
N/A |
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Company History |
07/06/2006 Incorporated as the present name 04/02/2015 Moved to the present HQ address
from 16, Seongseogongdan-ro 22an-gil, Dalseo-gu, Daegu, Korea (Old Address
System : Rm.201, 1-158, Woram-dong,
Dalseo-gu, Daegu, Korea) |
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|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Managing Director |
Mr. |
Ismail Khan |
Male |
Pakistani |
07/06/2006 |
|
Auditor |
Mr. |
Ismail Mehunaz |
Male |
Pakistani |
02/02/2009 |
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 |
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Main Products & Services |
Textile Rotary Printing Machine |
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Detailed Products Spec. |
|
|
Technologies Acquired |
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Competitors |
AHJIN MACHINERY CO. 3RD FL., A-DONG, AJIN BLDG., 237, NAE-DONG,
OJEONG-GU, BUCHEON-SI, GYEONGGI-DO, KOREA TEL:+82-32-683-0090 FAX:+82-32-683-1365 DAEKWANG INDUSTRIAL CO. 1693-2, SINIL-DONG, DAEDEOK-GU, DAEJEON,
KOREA TEL:+82-42-934-4422 FAX:+82-42-934-4423 DONG-A GARMENT PRESS CO. 152-16, SINDANG 5-DONG, JUNG-GU, SEOUL,
KOREA TEL:+82-2-2237-1981 FAX:+82-2-2237-5144 |
Not Available.
Not Available.
------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
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Report Prepared
by : |
NIT |
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 |
|
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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 |
|
|
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 |
-- |
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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.