MIRA
INFORM REPORT
|
Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
NATO
CORPORATION LTD. |
|
|
|
|
Registered Office : |
73, Yongam-ri, Eunhyeon-myeon, Yangju-si,
Gyeonggi-Do, Korea |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on) : |
31.12.2004 |
|
|
|
|
Date of Incorporation : |
09.01.1990 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Leather Dyestuffs, Acid Dyestuffs, Direct
Dyestuffs |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
Basic
Information
|
Company Name |
Nato
Corporation Ltd. |
|
Address |
73, Yongam-ri, Eunhyeon-myeon, Yangju-si, GYEONGGI-DO, KOREA |
|
Building |
|
|
Zip Code |
482-863 |
|
Tel |
+82-31-862-8181 |
|
Fax |
+82-31-864-4294 |
|
E-mail |
natodye@natodye.com |
|
Website |
www.natodye.com |
|
Seoul Office |
Rm. 2504, Office Town, Techno-Mart, 546-4, Guui 3-dong, Gwangjin-gu,
SEOUL, KOREA |
|
Tel |
+82-2-3424-2811 |
|
Fax |
+82-2-3424-2814 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Colouring Matter,
Tanning Materials and Other Coloring Agents |
|
Main Business |
Leather Dyestuffs, Acid Dyestuffs, Direct
Dyestuffs |
|
Sub Business |
|
|
Established |
01/09/1990 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dyes(12171500) |
Others
|
Name |
Kim Ji-Young |
|
Address |
2-1, Donong-dong, Namyangju-si, Gyeonggi-do 472-910Korea |
|
Date of Birth |
12/05/1959 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital |
500,000,000 KRW |
|
Employees |
29 |
|
Formation |
Co., Ltd by shares, Venture Business |
The subject company
deals with the companies in Bangladesh, China, Hong Kong, India and Japan.
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
Chairman |
Mr. |
Choi
Ho |
Male |
Korean |
01/02/2003 |
|
President & CEO |
Mr. |
Kim Ji-Young |
Male |
Korean |
01/02/2003 |
|
Director |
Mr. |
Lee
Hoi-Seung |
Male |
Korean |
08/02/2004 |
|
Auditor |
Mr. |
Chang
Hong-Ryul |
Male |
Korean |
01/02/2003 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2005 |
5,416,000,000 |
|
|
|
2004 |
5,822,000,000 |
6,979,000,000 |
447,000,000 |
|
2003 |
6,082,000,000 |
6,857,000,000 |
67,000,000 |
|
2002 |
7,369,000,000 |
7,786,000,000 |
157,000,000 |
Financial Description
Unit: KRW
|
Authorized
Capital |
2,000,000,000 |
||
|
Paid-Up
Capital |
500,000,000 |
||
|
Total Issues Shares |
100,000 |
||
|
|
|||
|
Balance
Sheet Unit :
Million Korean Won |
|||
|
|
Asof12/31/2004 |
Asof12/31/2003 |
Asof12/31/2002 |
|
Total Assets |
6,979 |
6,857 |
7,786 |
|
Current Assets |
4,200 |
4,137 |
4,414 |
|
-Quick
Assets |
2,779 |
2,805 |
2,905 |
|
-Inventories |
1,420 |
1,332 |
1,509 |
|
Fixed
Assets |
- |
- |
- |
|
-Investment |
2,779 |
2,720 |
3,371 |
|
-Tangibles |
1,224 |
1,040 |
1,054 |
|
-Intangibles |
1,556 |
1,680 |
2,317 |
|
Total Liabilities |
3,783 |
4,108 |
5,104 |
|
Current Liabilities |
3,201 |
3,393 |
4,100 |
|
Fixed Liabilities |
581 |
715 |
1,004 |
|
Capital Stock |
500 |
500 |
500 |
|
Capital Surplus |
1,080 |
1,080 |
1,080 |
|
Profit Surplus |
1,616 |
1,169 |
1,102 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
3,196 |
2,749 |
2,682 |
|
Liab. & Shareholder’s Equity |
6,979 |
6,857 |
7,786 |
|
|
|||
|
Income Statement Unit : Million Korean
Won |
|||
|
|
As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
|
Sales |
5,822 |
6,082 |
7,369 |
|
Cost of Sold Goods |
3,311 |
3,612 |
5,094 |
|
Gross Profit |
2,511 |
2,470 |
2,275 |
|
Selling
& Admin. Expenses |
1,702 |
2,159 |
1,821 |
|
Operating Income |
809 |
312 |
454 |
|
Non-Operating Income |
93 |
187 |
166 |
|
Non-Operating expenses |
375 |
384 |
432 |
|
Ordinary Income |
527 |
115 |
188 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
527 |
115 |
188 |
|
Income Taxes Expenses |
81 |
47 |
31 |
|
Net Income |
447 |
67 |
157 |
|
Bank Details |
Chohung Bank Mukyo Dong Branch |
||
|
Corporate Registered
No. |
111511-0012363 |
||
|
Business Registered
No. |
127-81-13814 |
||
|
Permit &
Licenses |
12/04/2002
ISO 9001 |
||
|
Shareholder
Position |
Choi Ho (Chairman) holds 65% shares. |
||
|
Company History |
Apr. 1969
Established Taerim Chemical Company Jan. 1973 Set up
Yangjoo factory at #73, Yongam
Eunhyun Kyunggi-Do Mar. 1977 Awarded
"The President Prize"
recommended by the office of
National Tax Administration Jan. 1983 Changed
company name as "Nato Company"
Dec. 1987
Expanded factory Aug. 1988
Designated as "Company of Bright
Prospect" by Choheung
Bank Jan. 1990 Changed
company name as "Nato Corp.
Ltd." Nov. 1990 Awarded
"US$1 Million Export Tower" and
the prize of
"Outstanding Growth" by the
Chairman of Korea Foreign
Trade Association Oct. 1994
Established a Corporate Annex Research
Institute Nov. 1994 Won a
prize by K.F.T.A. Dec. 1996 Founded
a Shanghai Branch Office May 1997 Founded
a Guangzhou Office Nov. 1997
Obtained the patent (#124425) of
"Manufacturing Method
for Non-Benzidine Dyestuffs" Oct. 1999
Established Nato Shanghai Dye &
Chemical Co. Ltd. Apr. 2000
Obtained the Certificate of Approval
"ISO9001" |
||
Products, Technologies, Services
Description
|
Main
Products & Services |
-Leather dyestuffs, Acid dyestuffs, Direct
dyestuffs -Nato dyestuffs acknowledged by the world with
its superiority have the vivid, beautiful colors and the righ solidity. Especially our leather dyestuffs penetrate fast
and have high topping effect. They are easily applicable to raw leather and
dye so wonderfully that overseas markets love out products. |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
|
|
Overseas
Office |
CHINA FACTORY TEL
: 86-21-5958-9707~9 FAX
: 86-21-5958-8719 E-Mail
: chinafactory@natodye.com SHANGHAI OFFICE TEL
: 86-21-6428-7291~3 FAX
: 86-21-6428-0636 E-Mail
: shanghai@natodye.com GUANGZHOU OFFICE TEL
: 86-20-8388-7618(28) FAX :
86-20-8388-7638 E-Mail
: guangzhou@natodye.com |
|
Subsidiary |
Nato Dyes (China) |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|