MIRA INFORM REPORT

 

 

Report No. :

328718

Report Date :

25.06.2015

 

IDENTIFICATION DETAILS

 

Name :

CENTRO INTERNATIONAL INC.

 

 

Registered Office :

133, Seogang-ro, Mapo-gu, Seoul, Korea, 121-807, Rm.804, Byeongwoo Bldg.

 

 

Country :

South Korea

 

 

Date of Incorporation :

07.08.2014

 

 

Com. Reg. No.:

105-88-06802

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales and Retails of Semiconductor

 

 

No. of Employees :

01

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

Status :

New Business

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

CENTRO INTERNATIONAL INC.

(Korean Company Name : “()센트로인터내셔널”)

Registered Address

133, Seogang-ro, Mapo-gu, Seoul, Korea

Building

Rm.804, Byeongwoo Bldg.

Zip Code

121-807

Tel

+82-70-4845-7005

Fax

N/A

E-mail

incheol.kim@centroitc.com

Website

www.centroitc.co.kr

Trading Address

Rm.804, Byeongwoo Bldg., 133, Seogang-ro, Mapo-gu, Seoul, Korea

(Old Address System : Rm.804, Byeongwoo Bldg., 57-39, Nogosan-dong, Mapo-gu, Seoul, Korea)

Tel

+82-70-4845-7005

Fax

N/A

Other Address

 

Tel

 

Fax

 

Type

Export/Import

Industry

Wholesales and Retails of Semiconductor

  Main Business

Semiconductor, Industrial Machinery & Equipment, Automobile Parts

  Sub Business

 

Established (mm/dd/yyyy)

08/07/2014

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Integrated circuits(32101600)

Sell

Electronic manufacturing and processing machinery(23211100)

Sell

Semiconductor devices(32111700)

Sell

Semiconductor process systems(23211101)

 

 

CEO’s

 

Name

Chae Young-Sook

Address

Suite 107-603, 832, Geomdan-ro, Seo-gu, Incheon, Korea

Date of Birth

12/10/1956

Title

Representative Director

Sex

Female

Nationality

Korean

 


Profiles

 

Capital (KRW)

20,000,000

Employees

1

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-5485043

Business Registered No.

105-88-06802

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

08/07/2014 Incorporated as the present name

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

M/S.

Chae Young-Sook

Female

Korean

08/07/2014

Auditor

Mr.

Lee Ho-Kyung

Male

Korean

08/07/2014

Director

Mr.

Kim In-Cheol

Male

Korean

08/07/2014

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2014

 

 

 

 

 

Financial Description

 

Authorized Capital(KRW)

20,000,000

Paid-Up Capital(KRW)

20,000,000

Total Issued Shares

20,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Semiconductor, Industrial Machinery & Equipment, Automobile Parts

Detailed Products Spec.

 

Technologies Acquired

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

HOYA ELECTRONICS KOREA CO., LTD.

HYEONGOK LOCAL INDUSTRIAL COMPLEX, 463-3, HYEONGOK-RI, CHEONGBUK-MYEON, PYEONGTAEK-SI, GYEONGGI-DO, KOREA

TEL:+82-31-683-9400  FAX:+82-31-686-5335

 

PKL CO., LTD.

493-3, SEONGSEONG-DONG, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-529-0336  FAX:+82-41-529-0305

 

KOREA TECHNO GLASS CO., LTD.

860-1, BEOMCHEON 1-DONG, BUSANJIN-GU, BUSAN, KOREA

TEL:+82-51-634-0111  FAX:+82-51-634-0211

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

-------

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.66

UK Pound

1

Rs.100.50

Euro

1

Rs.71.31

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

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