MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
YANGCHON TRADING CO., LTD. |
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Registered Office : |
Rm. 1420, Changgang Bldg., 22, Dohwa-dong, Mapo-gu, |
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Country : |
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Date of Incorporation : |
05/29/2001 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Industrial Basic Chemicals Wholesale of Electrical Machinery and Related Materials |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Basic
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Company
Name |
YANGCHON TRADING CO., LTD. |
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Registered Address |
22, Dohwa-dong, Mapo-gu, |
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Building |
Rm. 1420, Changgang Bldg. |
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Zip Code |
121-763 |
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Tel |
+82-2-390-2803 |
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Fax |
+82-2-774-7356 |
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Trading Address |
Rm. 1420, Changgang Bldg., 22, Dohwa-dong,
Mapo-gu, |
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Tel |
+82-2-390-2803 |
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Fax |
+82-2-774-7356 |
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Type |
Export/Import |
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Industry |
Wholesale of Industrial Basic Chemicals |
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Main Business |
Chemical, Machine, Leather, Footwear |
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Sub
Business |
Wholesale of Electrical Machinery and Related Materials |
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Established (mm/dd/yyyy) |
05/29/2001 |
The Subject occupies
the premises of registered address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
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Sell |
Leathers(11162300) |
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Sell |
International trade services(80151600) |
CEO’s
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Name |
Shin Young-Mok |
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Address |
362, Geoyeo-dong, Songpa-gu, |
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Date of Birth |
01/11/1947 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
50,000,000 KRW |
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Employees |
1 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Seosomun Branch |
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Corporate Registered No. |
110111-2248923 |
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Business Registered No. |
104-81-62331 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
05/29/2001 Incorporated as the present
name 05/01/2007 Moved to the present address
from 67-5, Daehyeon-dong, Seodaemun-gu, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Shin Young-Mok |
Male |
Korean |
05/29/2001 |
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Director |
M/S. |
Kim In-Sook |
Female |
Korean |
05/29/2004 |
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Auditor |
Mr. |
Shin Dong-Yeob |
Male |
Korean |
03/26/2004 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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419,000,000 |
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2005 |
156,000,000 |
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2004 |
263,000,000 |
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2003 |
874,000,000 |
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2002 |
434,000,000 |
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Financial Description
Unit: KRW
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Authorized Capital |
200,000,000 |
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Paid-Up Capital |
50,000,000 |
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Total Issues Shares |
10,000 |
Products,
Technologies, Services
Description
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Main Products & Services |
Chemical, Machine, Leather, Footwear |
Sales by Region (Activity
& Markets)
The Subject deals with the companies in
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%)