MIRA INFORM REPORT

 

 

Report Date :

11.07.2011

 

IDENTIFICATION DETAILS

 

Name :

MS COMPANY

 

 

Registered Office :

Da-Dong, 330-4, Majeon-ri, Gasan-myeon, Pocheon-si, Gyeonggi-do, Korea 487-815

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

11.11.2003

 

 

Com. Reg. No.:

132-16-36335

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Manufacture of Plastic Laminating, Coating and Other Surface Processing Products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

MS COMPANY

(Korean Company Name : “엠에스컴퍼니”)

Registered Address

Da-Dong, 330-4, Majeon-ri, Gasan-myeon, Pocheon-si, Gyeonggi-do, Korea

Zip Code

487-815

Tel

+82-31-544-2720

Fax

+82-31-544-2730

Trading Address

Da-Dong, 330-4, Majeon-ri, Gasan-myeon, Pocheon-si, Gyeonggi-do, Korea

Tel

+82-31-544-2720

Fax

+82-31-544-2730

Type

Export/Import

Industry

Manufacture of Plastic Laminating, Coating and Other Surface Processing Products

  Main Business

Protective Film, Adhesive Tapes, Stationery

Established (mm/dd/yyyy)

11/11/2003

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Tape(31201500)

Sell

Polyethylene films(13111201)

Sell

Other adhesives and sealants(31201600)

Sell

Additives(12160000)

 

 

CEO’s

 

Name

Lee Min-Se

Date of Birth

01/19/1971

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

3

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

132-16-36335

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

11/11/2003 Established as the present name

Its old address was 506-7, Amsa-dong, Gangdong-gu, Seoul, Korea, however, it is now clear whether 31-24, Junggok-dong, Gwangjin-gu, Seoul, Korea was the old address of the subject company. There is only one company using near the location of Junggok-dong, Gwangjin-gu, Seoul, Korea. So we submit the report based on the company name.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Lee Min-Se

Male

Korean

11/11/2003

 

 

Financials

 

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

 

218,000,000

136,000,000

Current Assets

 

130,000,000

120,000,000

-Quick Assets

 

-

-

-Inventories

 

-

-

Fixed Assets

 

88,000,000

16,000,000

-Investment

 

-

-

-Tangibles

 

-

-

-Intangibles

 

-

-

Total Liabilities

 

108,000,000

75,000,000

Current Liabilities

 

108,000,000

75,000,000

Fixed Liabilities

 

-

-

Capital Stock

 

110,000,000

61,000,000

Capital Surplus

 

-

-

Profit Surplus

 

-

-

Capital Adjustment

 

-

-

Total Equity

 

110,000,000

61,000,000

Liab. & Shareholder’s Equity

 

218,000,000

136,000,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

 

1,129,000,000

755,000,000

Cost of Sold Goods

 

1,046,000,000

710,000,000

Gross Profit

 

83,000,000

45,000,000

Selling & Admin. Expenses

 

52,000,000

22,000,000

Operating Income

 

31,000,000

23,000,000

Non-Operating Income

 

-

-

Non-Operating Expenses

 

1,000,000

-

Income Before Taxes

 

30,000,000

23,000,000

Income Taxes Expenses

 

-

-

Net Income

 

30,000,000

23,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Protective Film, Adhesive Tapes, Stationery

 

 

Trade Partners & Competitors

 

Competitors

NANO CHEM TECH, INC.

482-2, CHANG-RI, NAMSA-MYEON, CHEOIN-GU, YONGIN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-323-4516  FAX:+82-31-323-4524

 

KNW CO., LTD.

5-1B, MUNSAN HIGH TECH INDUSTRIAL COMPLEX, SEONYU-RI, MUNSAN-EUP, PAJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-950-0200  FAX:+82-31-950-0243

 

UPC CO., LTD.

61-20, GAMGOK-RI, BUJEOK-MYEON, NONSAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-733-3208  FAX:+82-41-733-6774

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.64

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.