MIRA INFORM REPORT

 

 

 

Report Date :

14.07.2008

 

IDENTIFICATION DETAILS

 

Name :

NTC INTERNATIONAL CO., LTD.

 

 

Registered Office :

Rm. 432, World Vision Bldg. 24-2, Yeoeuido-dong, Yeongdeungpo-gu, Seoul, 150-877

 

 

Country :

Korea

 

 

Date of Incorporation :

04.17.2006

 

 

Com. Reg. No.:

107-86-77518

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesale of Paper Products

 

 

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.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

Basic

 

Company Name

NTC INTERNATIONAL CO., LTD.

Registered Address

24-2, Yeoeuido-dong, Yeongdeungpo-gu, Seoul,Korea

Building

Rm. 432, World Vision Bldg.

Zip Code

150-877

Tel

+82-2-3775-3107

Fax

+82-2-3775-3110

E-mail

inhongchang@hotmail.com;juna0820@hotmail.com

Trading Address

Rm. 432, World Vision Bldg., 24-2, Yeoeuido-dong, Yeongdeungpo-gu, Seoul,Korea

Tel

+82-2-3775-3107

Fax

+82-2-3775-3110

Type

Export/Import

Industry

Wholesale of Paper Products

  Main Business

Paper

Established (mm/dd/yyyy)

04/17/2006

The Subject occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Printing and writing paper(14111500)

Sell

Printing and publication

Sell

Chemicals related to paper

Sell

Raw materials for paper

 

 

CEO’s

 

Name

Kim Nam-Koon

Address

42, Dangsan-dong 5-ga, Yeongdeungpo-gu, Seoul, Korea

Date of Birth

07/24/1959

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

600,000,000 KRW

Employees

5

Formation

Co., Ltd by shares

Bank Details

Chohung Bank-Yeoeuido Branch

Corporate Registered No.

110111-3440726

Business Registered No.

107-86-77518

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

04/17/2006 Incorporated as the present name

02/22/2007 Increased capital to 600,000,000 KRW from 200,000,000 KRW

04/06/2007 moved  the present HQ address from 26-5, Yeoeuido-dong, Yeongdeungpo-gu, Seoul,Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Kim Nam-Koon

Male

Korean

01/16/2008

Director

Mr.

Kim Il-Hwan

Male

Korean

04/17/2006

Director

Mr.

Chang In-Hong

Male

Korean

04/17/2006

Director

M/S

Ko Young-Sun

Female

Korean

01/16/2008

Auditor

M/S

Kim Hye-Kyung

Female

Korean

01/16/2008

 

 

Financials                                               

 Unit: KRW

The latest & full financial is not available, and the subject does not have any obligation to releases its financials to the public.

 

 

Financial Description                                                                                                 

 

Unit: KRW

Authorized Capital

800,000,000

Paid-Up Capital

600,000,000

Total Issues Shares

120,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Paper

 

 

Sales by Region (Activity & Markets)

 

The Subject imports the paper products from China, and exports to Middle East and South East Asia.

 

 

Court Action

 

Not Available.

 

News Clipping

 

--

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.42.82

UK Pound

1

Rs.84.89

Euro

1

Rs.68.07

 

 

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.

 

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