MIRA
INFORM REPORT
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Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHINHWA CORPORATION |
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Registered Office : |
#501, Dongyoung Venturestel A-Dong, 199-32, Anyang 7(chil)-dong, Manan-gu, Anyang-si, Gyeonggi-do - 430-017 |
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Country : |
Korea |
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Date of Incorporation : |
01/13/1998 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Pigments, dyes and its
intermediates |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
SHINHWA CORPORATION |
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Registered Address |
199-32, Anyang 7(chil)-dong,
Manan-gu, Anyang-si, Gyeonggi-do, Korea |
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Building |
#501, Dongyoung Venturestel A-Dong |
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Zip Code |
430-017 |
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Tel |
+82-31-441-4881 |
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Fax |
+82-31-468-5006 |
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E-mail |
shco@kotis.net |
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Website |
www.mythco.net |
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Trading Address |
#501, Dongyoung
Venturestel A-Dong ,199-32, Anyang 7(chil)-dong, Manan-gu, Anyang-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-441-4881 |
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Fax |
+82-31-468-5006 |
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Type |
Import |
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Industry |
Wholesales of Other chemicals |
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Main Business |
Pigments, dyes and its intermediates |
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Established (mm/dd/yyyy) |
01/13/1998 |
Mr. Shin Chul-Ho owns the premises of the
address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Pigments |
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Sell |
Dyes |
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Sell |
Fluorescence |
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Sell |
Fluorescent Brightener |
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Sell |
Luminescence |
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Sell |
Bronze Powder |
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Sell |
Cosmetic Ingredients |
CEO’s
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Name |
Shin Chul-Ho |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
Not Applicable to
the Sole Proprietorship |
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Employees |
About 3~4 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial Bank-Haan Dong
Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
N/A |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
01/13/1998 Established It is known that the subject has moved to
the present address from Room No 164, Kwangmyung Industrial Complex, 201, Haan3-Dong,
Kwangmyung-Si, Kyunggi-Do, KOREA. However we can not confirm when it has
moved. |
Since in 1997, it is known that the Subject
has been supplying pigments, dyes and its intermediates from all over the world
to the domestic manufacturers exporting good product from Korea to other
countries.
Due to the lack of the information, we have
contacted the subject at 82-11-234-2454 and
talked with Mr. Shin Chul-Ho. However he is out of Korea. We contacted their
office again, however one lady did not want to open their information unless
she knows who is about to know on them.
Through the interview, it
seems the subject is very active in the business.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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Owner |
Mr. |
Shin Chul-Ho |
Male |
Korean |
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Financials
The financial is not available.
Products,
Technologies, Services
Description
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Main
Products & Services |
Pigments
Imported from Meghmani Group who are very
reliable in India Using in plastics, paints and inks
industry. Dyes
Supplying very reliable & competitive
product in the price & quality aspect. From India, Thailand, China and
Taiwan Fluorescence Supply fluorescent pigments which have high
quality & suitable prices compare with traditional products in domestic
market Fluorescent Brightener Introduced high qualities of brighteners
from Russia and China, replaced existing high price of fluorescent brightener Luminescence Supply master-batch product, finished
products besides luminescent pigments
Bronze Powder Imported various grades of bronze powder
products from Thailand Cosmetic Ingredients Imported various cosmetic ingredients from
Taiwan |
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Detailed
Products Spec. |
-FLUORESCENT PIGMENT Bulk Density - 0.72g/cm3 Density - 1.22 g/cm3 Softening point - 72 ~ 78℃ Processing Temperature - 135~230℃ Heat Stability - 240℃ Average Particle Size - <100 mm |
Trade Partners
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Suppliers |
Meghmani Group-India KUNWEI-China |
Sales by Region (Activity
& Markets)
The Subject imports the Pigments, dyes and
its intermediates from India, Thailand, China and Taiwan.
Court Action
Not Available.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)