MIRA
INFORM REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KOREA PARAMOUNT INC. |
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Registered Office : |
Rm. 909, Chungmu Bldg. 44-15, Yeouido-dong, Yeongdeungpo-gu,
Seoul, Korea 150-890 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
26.01.1994 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Asbestos, Mineral Wools and Other Similar Products |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
KOREA PARAMOUNT INC. (Korean Company Name : “한국파라마운트(주)”) |
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Registered Address |
44-15, Yeouido-dong,
Yeongdeungpo-gu, Seoul, Korea |
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Building |
Rm. 909, Chungmu Bldg. |
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Zip Code |
150-890 |
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Tel |
+82-2-784-8599 |
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Fax |
+82-2-784-0287 |
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E-mail |
ecolomic@ecolomic.com |
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Website |
www.ecolomic.com |
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Trading Address |
Rm. 909, Chungmu
Bldg., 44-15, Yeouido-dong, Yeongdeungpo-gu,
Seoul, Korea |
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Tel |
+82-2-784-8599 |
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Fax |
+82-2-784-0287 |
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Other Address-Paju Factory |
498-11, Beopheung-ri,
Tanhyeon-myeon, Paju-si, Gyeonggi-do, Korea |
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Tel |
+82-31-945-8846 |
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Fax |
+82-31-944-8712 |
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Other Address-Yongin Factory |
70, Sikgeum-ri,
Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea |
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Tel |
+82-31-336-8591 |
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Other Address-Daegu Branch |
945-7, Yulha-dong,
Dong-gu, Daegu, Korea |
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Tel |
+82-53-964-3101 |
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Other Address-Busan Branch |
851-10, Beomcheon
1-dong, Busanjin-gu, Busan,
Korea |
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Tel |
+82-51-635-8599 |
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Type |
Import |
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Industry |
Manufacture of Asbestos, Mineral Wools and Other Similar Products |
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Main Business |
Bentonite Sheet, Bentonite
Mat, Bentonite Granular, Bentonite
Tape, Bentonite Nail |
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Sub
Business |
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Established (mm/dd/yyyy) |
01/26/1994 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Sheet(30102500) |
CEO’s
|
Name |
Nam Hyo-Geuk |
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Address |
Suite 807-301, 14, Jingwan-dong, Eunpyeong-gu, Seoul, Korea |
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Date of Birth |
10/26/1947 |
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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 (KRW) |
500,000,000 |
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Employees |
24 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Seocho Branch Woori Bank-Yoido Branch |
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Corporate Registered No. |
110111-1006463 |
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Business Registered No. |
214-81-65*** (The full numbers are kept by the National Tax Service
confidentially.) |
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Permit & Licenses |
12/2000 ISO 9002 01/30/2001 KS Mark Int’l Trade No.: 11151791 |
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Shareholder Position |
N/A |
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Company History |
01/26/1994 Incorporated as the present name 10/1997 Designated as a Venture Business 11/20/1999 Increased capital to 500,000,000
KRW from 200,000,000 KRW 07/2002 Designated as a Promising SME 05/09/2003 Moved to the present HQ address
from Rm.1109, 136-1, Mapo-dong,
Mapo-gu, Seoul, Korea 06/03/2006 Designated as a Venture Business
again |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Nam Hyo-Geuk |
Male |
Korean |
09/26/2005 |
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Director |
Mr. |
Shin Soon-Joo |
Male |
Korean |
01/13/2003 |
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Director |
Mr. |
Ahn Ki-Bong |
Male |
Korean |
03/31/2009 |
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Auditor |
Mr. |
Jung In-Taik |
Male |
Korean |
01/13/2003 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
4,183,000,000 |
5,468,000,000 |
159,000,000 |
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2007 |
3,999,000,000 |
3,922,000,000 |
141,000,000 |
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2006 |
2,970,000,000 |
3,783,000,000 |
120,000,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
2,500,000,000 |
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Paid-Up Capital(KRW) |
500,000,000 |
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Total Issues Shares |
100,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Total Assets |
5,468,000,000 |
3,922,000,000 |
3,783,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
2,467,000,000 |
2,608,000,000 |
2,610,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
3,001,000,000 |
1,314,000,000 |
1,173,000,000 |
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Liab. & Shareholder’s Equity |
5,468,000,000 |
3,922,000,000 |
3,783,000,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Sales |
4,183,000,000 |
3,999,000,000 |
2,970,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
159,000,000 |
141,000,000 |
120,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Bentonite Sheet, Bentonite
Mat, Bentonite Granular, Bentonite
Tape, Bentonite Nail |
Trade Partners & Competitors
|
Competitors |
KOREA BENTONITE CO., LTD. 139, JURYEONG-RI, EUNGBONG-MYEON,
YESAN-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-333-2130 FAX:+82-41-333-2132 NALCO KOREA LTD. 11TH FL., KOREA LIFE INSURANCE 63 BLDG., 60,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-789-6961 FAX:+82-2-786-3140 SILKROAD C & T CO., LTD. 9TH FL., DIPLOMATIC CENTER BLDG., 1376-1,
SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-2057-0114 FAX:+82-2-2057-6060 HANSU LTD. 8B-14L, 741-5, WONSI-DONG, DANWON-GU,
ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-492-7800 FAX:+82-31-492-6800 |
Sales by Region
(Activity &
Markets)
The Subject imports
from USA.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.94 |
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|
1 |
Rs.72.12 |
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Euro |
1 |
Rs.63.66 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.