|
Report No. : |
342496 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
GYEONG BUK NONG SAN |
|
|
|
|
Registered Office : |
29, Sijang
2-Gil, Yeongcheon-Si, Gyeongsangbuk-Do, Korea 38888 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Date of Incorporation : |
27.03.2015 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesales of Food Materials, and
Agricultural Products. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
|
|
|
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 – 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 |
|
Company Name |
GYEONG BUK NONG SAN |
|
Registered Address |
29, Sijang
2-gil, Yeongcheon-si, Gyeongsangbuk-do, Korea |
|
Zip Code |
38888 |
|
Tel |
+82-54-332-6931 |
|
Fax |
N/A |
|
|
|
|
Trading Address |
29, Sijang 2-gil, Yeongcheon-si, Gyeongsangbuk-do, Korea (Old Address System : 1065-26, Wansan-dong, Yeongcheon-si,
Gyeongsangbuk-do, Korea) |
|
Tel |
+82-54-332-6931 |
|
Fax |
N/A |
|
|
|
|
Type |
Import |
|
Industry |
Wholesales of Food Materials, and
Agricultural Products |
|
Main Business |
Food Materials, Agricultural Products |
|
|
|
|
Established (mm/dd/yyyy) |
03/27/2015 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Food Materials |
|
Sell |
Food or drug additives(12164500) |
|
Name |
Cho Boon-Nam |
|
Address |
|
|
Date of Birth |
12/24/1959 |
|
Title |
Owner |
|
Sex |
Female |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to the
Sole Proprietorship |
|
Employees |
2 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
505-90-58*** (The full numbers
are kept by the National Tax Service confidentially.) Because the subject’s full Business
Registered No., for checking through the National Tax Service whether the
subject is still existing or not, is not available, so we cannot confirm if
the subject exist or not legally.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
03/27/2015 Established as the present name |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
M/S. |
Cho Boon-Nam |
Female |
Korean |
03/27/2015 |
|
Director |
Mr. |
Lee Sang-Gap (Mobile : +82-10-3501-6931) |
Male |
Korean |
03/27/2015 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2015 |
|
|
|
|
Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Total Issued Shares |
Not Applicable to the Sole Proprietorship |
|
Main Products & Services |
Food Materials, Agricultural Products |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
MSC CO.,
LTD. 439-13,
SOJU-DONG, YANGSAN-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-389-1001~20 FAX:+82-55-366-0478 CHEONG DO
AGAR AGAR MFG. CO., LTD. 385,
SORA-RI, HWAYANG-EUP, CHEONGDO-GUN, GYEONGSANGBUK-DO, KOREA TEL:+82-54-372-7701~3 FAX:+82-54-372-7705 SONG EUN COMMERCIAL
CO., LTD. 60-2,
OGEUM-DONG, SONGPA-GU, SEOUL, KOREA TEL:+82-2-406-2700 FAX:+82-2-406-2662 |
Not Available.
Not Available.
-----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
|
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.