MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
HUMADE CORPORATION |
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Registered Office : |
RM.
2310, Masters Tower Bldg., 553, Dohwa-dong, Mapo-gu, |
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Country : |
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Date of Incorporation : |
04.26.2004 |
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Com. Reg. No.: |
105-86-66524 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics 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. |
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 |
HUMADE
CORPORATION |
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Registered Address |
553,
Dohwa-dong, Mapo-gu, Seoul, Korea |
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Building |
Rm. 2310, Masters Tower Bldg. |
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Zip Code |
121-748 |
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Tel |
+82-2-3275-5155~8 |
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Fax |
+82-2-3275-5157 |
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Trading Address |
Rm.
2310, Masters Tower Bldg., 553, Dohwa-dong, Mapo-gu, Seoul, Korea |
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Tel |
+82-2-3275-5155~8 |
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Fax |
+82-2-3275-5157 |
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Type |
Import/Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Synthetic Rubber, Compound Resin |
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Established (mm/dd/yyyy) |
04/26/2004 |
The Subject owns
the premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Rubber compound(13101607) |
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Sell |
Resins(13111000) |
CEO’s
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Name |
Kim Cheol-Ho |
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Address |
366, Junggye-dong, Nowon-gu, Seoul 139-220
Korea |
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Date of Birth |
04/07/1964 |
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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 |
200,000,000 KRW |
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Employees |
6 |
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Formation |
Co., Ltd., by shares |
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Bank Details |
Nonghyup Bank-Kwangyangsi Branch |
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Corporate Registered No. |
110111-3000538 |
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Business Registered No. |
105-86-66524 |
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Permit & Licenses |
Int’l Trade No.: 45160541 |
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Shareholder Position |
N/A |
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Company History |
04/26/2004 Established 0/01/2005 Moved to the present address 12/28/2005 Increased capital to 100,000,000KRW
from 50,000,000 KRW 08/20/2007 Moved to the present HQ address
from Rm.
1505, Masters Tower Bldg., 553, Dohwa 1-dong, Mapo-gu, Seoul, Korea 11/30/2007 Awarded US$1 Million Export Top
Prize 08/05/2008 Increased the authorized shares
to 200,000 shares from 40,000 shares 08/13/2008 Increased capital to 200,000,000
KRW from 100,000,000 KRW |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Kim Cheol-Ho |
Male |
Korean |
04/26/2004 |
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Director |
Mr. |
Kang Dong-Gu |
Male |
Korean |
04/26/2004 |
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Auditor |
M/S |
Kim Jeong-Sook |
Female |
Korean |
04/26/2004 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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2006 |
- |
2,566,000,000 |
87,000,000 |
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2005 |
15,000,000,000 |
1,156,000,000 |
26,000,000 |
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2004 |
9,700,000,000 |
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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
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Authorized Capital |
1,000,000,000 |
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Paid-Up Capital |
200,000,000 |
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Total Issues Shares |
40,000 |
Products, Technologies, Services
Description
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Main Products & Services |
Synthetic Rubber Compound Resin |
Trade
Partners
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Customers |
PRIME ENTERPRISES-USA |
Sales by
Region (Activity &
Markets)
The Subject exports to USA.
Court
Action
Not Available.
News
Clipping
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.29 |
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UK Pound |
1 |
Rs.80.40 |
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Euro |
1 |
Rs.63.35 |
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%)