MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHUNG MO LTD. |
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Registered Office : |
B-708~B-709, Geumgang Penterium IT Tower, 333-7, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, 462-901 |
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Country : |
Korea |
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Date of Incorporation : |
16.02.1995 |
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Com. Reg. No.: |
211-86-37168 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Weaving of Man-Made Fiber Fabrics |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
CHUNG MO LTD. (Korean Company
Name : “청모”) |
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Registered Address |
333-7, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Building |
B-708~B-709, Geumgang Penterium IT Tower |
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Zip Code |
462-901 |
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Tel |
+82-31-730-0360 |
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Fax |
+82-31-730-0369 |
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E-mail |
sue@chungmo.com |
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Trading Address |
B-708~B-709, Geumgang Penterium IT Tower, 333-7,
Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea |
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Tel |
+82-31-730-0360 |
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Fax |
+82-31-730-0369 |
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Type |
Export/Import |
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Industry |
Weaving of Man-Made Fiber Fabrics |
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Main Business |
Nylon Textile Fabrics, Acetate Textile Fabrics, Polyester Textile
Fabrics, Linings, Leather Garments |
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Established (mm/dd/yyyy) |
02/16/1995 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Synthetic fabrics(11161800) |
CEO’s
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Name |
Choi Chun-Hwan |
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Address |
110, Imae-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Date of Birth |
09/26/1959 |
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Title |
Representative Director |
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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 |
9 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Int’l Trade Center
Branch |
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Corporate Registered No. |
110111-1129356 |
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Business Registered No. |
211-86-37168 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
02/16/1995 incorporated as the present name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Choi Chun-Hwan |
Male |
Korean |
02/16/1995 |
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Auditor |
M/S. |
Chang In-Hwa |
Female |
Korean |
02/16/1995 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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2006 |
3,828,000,000 |
1,096,000,000 |
(-)252,000,000 |
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2005 |
4,738,000,000 |
1,660,000,000 |
- |
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2004 |
5,929,000,000 |
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2003 |
3,236,000,000 |
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The full &
latest financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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 |
5,000 |
Products, Technologies, Services
Description
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Main
Products & Services |
Nylon Textile Fabrics Acetate Textile Fabrics Viscose Fabrics Polyester Textile Fabrics Linings, Leather Garments |
Trade
Partners
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Competitors |
SAM YANG TEXTILE CO., LTD. 140-13, SONGJEONG-DONG, HEUNGDEOK-GU,
CHEONGJU-SI, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-265-8161 FAX:+82-43-265-8137 SEJIN TEXTILE CO., LTD. 70-40, SONGJEONG-DONG, HEUNGDEOK-GU,
CHEONGJU-SI, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-262-7632 FAX:+82-43-275-7852 SAMWON TEXTILE CO., LTD. 1136-6, JEOKHA-RI, DONGI-MYEON,
OKCHEON-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-733-5344 FAX:+82-43-733-5745 |
Sales by
Region (Activity &
Markets)
The Subject exports
to USA and Europe.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
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UK Pound |
1 |
Rs.74.30 |
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Euro |
1 |
Rs.63.42 |
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. |
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%)