MIRA INFORM REPORT

 

 

Report Date :

6th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

HUMADE CORPORATION

 

 

Registered Office :

Rm. 1505, Masters Tower Bldg., 533, Dohwa 1 – dong, Mapo – gu, Seoul – 121-748

 

 

Country :

Korea

 

 

Date of Incorporation :

26.04.2004

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesale of Synthetic Rubber and Plastics Materials.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

Humade Corporation

Address

Rm. 1505, Masters Tower Bldg., 553, Dohwa 1-dong, Mapo-gu, SEOUL, KOREA

Zip Code

121-748

Tel

+82-2-3275-5155~8

Fax

+82-2-3275-5157

Type

Import/Export

Industry

Wholesale of Synthetic Rubber and Plastics Materials

Established

04/26/2004

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Synthetic Rubber

Sell

Plastics Materials

 

 

Others

 

Name

Kim Cheol-Ho

Address

161-5, Junggye-dong, Nowon-gu, Seoul 139-220 Korea

Date of Birth

04/07/1964

Title

President & CEO

Sex

Male

Nationality

Korean

Capital

100,000,000 KRW

Employees

3

Formation

Co., Ltd., by shares

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Kim Cheol-Ho

Male

Korean

04/26/2004

Director

Mr.

Kang Dong-Gu

Male

Korean

04/26/2004

Auditor

M/S

Kim Jeong-Sook

Female

Korean

04/26/2004

 

 

Financials      

 

Unit: KRW

Year

Sales

Assets

Net income

2005

15,000,000,000

 

 

2004

9,700,000,000

 

 

The full financial is not available.

 

 

Financial Description                            

                            

Unit: KRW

Authorized Capital

200,000,000

Paid-Up Capital

100,000,000

Total Issues Shares

20,000

 

 

Corporate Registered No.

 

110111-3000538

 

 

Company History

 

04/26/2004 Established

0/01/2005 Moved to the present address

12/28/2005 Increased capital to 100,000,000KRW

 

 

 

 

 


 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions