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Report No. : |
324230 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
MNL CO. |
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Registered Office : |
Rm.502, Taeseung Bldg., 61, Naruteo-ro, Seocho-gu, Seoul 137-902 |
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Country : |
South Korea |
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Date of Incorporation : |
29.04.2008 |
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Com. Reg. No.: |
305-20-81809 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of Medical, Precision and Scientific Instruments and Equipment |
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No of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Basic
|
Company Name |
MNL CO. (English Name : MEDICAL SCIENCE NETWORK LEADERS CO.) (Korean Company Name : “엠엔엘”) |
|
Registered Address |
61, Naruteo-ro, Seocho-gu, Seoul, Korea |
|
Building |
Rm.502, Taeseung Bldg. |
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Zip Code |
137-902 |
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Tel |
+82-2-333-6681 |
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Fax |
+82-2-333-6631 |
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E-mail |
mnl@mnlcompany.com |
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Website |
www.mnlcompany.com |
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Trading
Address |
Rm.502,
Taeseung Bldg., 61, Naruteo-ro, Seocho-gu, Seoul, Korea (Old Address System : Rm.502, Taeseung
Bldg., 15-9, Jamwon-dong, Seocho-gu, Seoul, Korea) |
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Tel |
+82-2-333-6691 |
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Fax |
+82-2-333-6631 |
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Other
Address |
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|
Tel |
|
|
Fax |
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Type |
Import |
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Industry |
Wholesale
of Medical, Precision and Scientific Instruments and Equipment |
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Main Business |
Medical Event Organization Services,
International Trade Service, International Congress Agency Service |
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Sub
Business |
|
|
Established (mm/dd/yyyy) |
04/29/2008 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Medical equipment and accessories and
supplies(42000000) |
|
Sell |
Cosmetics(53131619) |
CEO’s
|
Name |
Kang Yeon-Sung |
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Address |
|
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Date of Birth |
01/26/1981 |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
3 |
|
Formation |
Sole
Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
305-20-81809 |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
|
Company History |
04/29/2008 Established as the present name |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Kang Yeon-Sung |
Male |
Korean |
2008 |
Financials
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) |
Not
Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not
Applicable to the Sole Proprietorship |
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Total Issued Shares |
Not
Applicable to the Sole Proprietorship |
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Main Products & Services |
Medical Event Organization Services,
International Trade Service, International Congress Agency Service |
|
Detailed Products Spec. |
|
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Technologies Acquired |
|
|
Suppliers |
CROMA
GMBH(AUSTRIA) |
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Customers |
|
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Competitors |
CU CKIN CO., LTD. 5TH FI., SAMHYEONG CASTLE BLDG., 48-1,
JAMWON-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-511-4288 FAX:+82-2-511-4624 MEDIWAY KOREA CO., LTD. 3RD FL., SEOKCHO BLDG., 1784-1,
SEOBYEON-DONG, BUK-GU, DAEGU, KOREA TEL:+82-53-955-2225 FAX:+82-53-955-1124 HANKOOK ANDERSON C-403, LEADERSON TOWEN, 308, MANNYEON-DONG,
SEO-GU, DAEJEON, KOREA TEL:+82-42-485-7412~3 FAX:+82-42-485-7416 |
The Subject imports
from Austria, and it exports to Japan.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 99.66 |
|
Euro |
1 |
Rs. 70.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.