MIRA INFORM REPORT

 

 

Report Date :

19.06.2007

 

IDENTIFICATION DETAILS

 

Name :

HANSEO MICRON CO., LTD.

 

 

Registered Office :

554-27, Mugap-ri, Chowol-eup, Gwangju-si, Gyeonggi-Do - 464-863

 

 

Country :

Korea

 

 

Date of Incorporation :

02/08/1999

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Wholesale of Other Intermediate Products, Waste and Scrap n.e.c.

 

 

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

 

Company Name

HANSEO MICRON CO., LTD.

Registered Address

554-27, Mugap-ri, Chowol-eup, Gwangju-si, GYEONGGI-DO, KOREA

Zip Code

464-863

Tel

+82-31-798-5100

Fax

+82-31-798-5777

E-mail

0690an@hanmail.net; hp082@yahoo.co.kr

Trading Address

554-27, Mugap-ri, Chowol-eup, Gwangju-si, GYEONGGI-DO, KOREA

Tel

+82-31-798-5100

Fax

+82-31-798-5777

Industry

Wholesale of Other Intermediate Products, Waste and Scrap n.e.c.

  Main Business

CPP Film, PET Film, Nylon Film, Special Film

Established (mm/dd/yyyy)

02/08/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

CPP Film

Sell

PET Film

Sell

Nylon Film

Sell

Special Film

 

 

CEO’s

 

Name

Ham Chang-Soo

Address

337, Ssangryung-dong, Gwangju-si, Gyeonggi-do, Korea

Date of Birth

05/30/1964

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

1,000,000,000 KRW

Employees

20

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-1647556

Business Registered No.

203-81-28381

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

02/08/1999 Established as HANSEO FILM CO., LTD.

03/31/2004 Changed company name to the present name03/31/2004 Moved to the present address from 2-2, Dongnim-ri, Mohyeon-myeon, Yongin-si, Gyeonggi-do, Korea

12/30/2004 Increased capital to 1,000,000,000 KRW from 500,000,000 KRW

 

The Subject manufacturers CPP/BOPP Film for the field of Food Packaging in Korea, with Full Automatic CPP Line (SML Brand) and handles Nylon & PET Film.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Ham Chang-Soo

Male

Korean

06/29/2002

Director

Mr.

Yang Byung-Jin

Male

Korean

02/12/2007

Director

M/S.

Lee Ae-Sun

Female

Korean

02/12/2007

Auditor

Mr.

Kang Seung-Bae

Male

Korean

12/30/2004

 

 

Financials                                                

 

Unit: KRW

Year

Sales

Assets

Net income

2005

6,429,000,000

 

 

2004

4,897,000,000

 

 

2003

4,067,000,000

 

 

 

 

Financial Description    

 

Unit: KRW

Authorized Capital

1,200,000,000

Paid-Up Capital

1,000,000,000

Total Issues Shares

200,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

CPP Film, OPP/PET/Nylon Film for all kind of Food ,Confectionary Packaging and pouch  

 

 

Court Action

 

Not Available.

 


 

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

 

 

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%)

 

 

 

 

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