MIRA INFORM
REPORT
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Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
MYEONG SAN CO., LTD. |
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Registered Office : |
554-15, Mugap-ri, Chowol-eup, Gwangju-si, Gyeonggi-do, Korea, Zip Code 464-863 |
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Country : |
South Korea |
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Date of Incorporation : |
03.04.2001 |
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Com. Reg. No.: |
126-81-52298 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales of Construction 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 |
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 |
MYEONG SAN CO., LTD. (Korean Company Name : “(주)명산”) |
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Registered Address |
554-15, Mugap-ri, Chowol-eup, Gwangju-si,
Gyeonggi-do, Korea |
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Zip Code |
464-863 |
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Tel |
+82-31-763-5031 |
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Fax |
+82-31-763-4061 |
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Trading Address |
554-15, Mugap-ri, Chowol-eup, Gwangju-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-763-4021 |
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Fax |
+82-31-763-4061 |
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Type |
Export/Import |
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Industry |
Wholesales of Construction Materials |
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Main Business |
Stone Materials, Granite, Marble |
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Established (mm/dd/yyyy) |
04/03/2001 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Marble(11111605) |
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Sell |
Stone(11111600) |
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Sell |
Granite(11111604) |
CEO’s
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Name |
Kim Ki-Young |
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Address |
Suite 103-2102, 720-1, Banghak-dong,
Dobong-gu, Seoul, Korea |
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Date of Birth |
02/02/1954 |
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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) |
200,000,000 |
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Employees |
8 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Kookmin Bank-Gangdong Branch |
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Corporate Registered No. |
135711-0042128 |
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Business Registered No. |
126-81-52298 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
04/03/2001 Incorporated as the present name 03/25/2008 Moved to the present HQ address
from 53-29, Cheonhyeon-dong, Hanam-si, Gyeonggi-do, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Ki-Young |
Male |
Korean |
03/25/2008 |
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Director |
Mr. |
Jung Hong-Ku |
Male |
Korean |
03/25/2008 |
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Director |
M/S. |
Kim Hyun-Sook |
Female |
Korean |
03/25/2008 |
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Auditor |
M/S. |
Kim Soo-Yeon |
Female |
Korean |
03/25/2008 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
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2007 |
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2006 |
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2005 |
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2004 |
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2003 |
5,408,000,000 |
1,147,000,000 |
93,000,000 |
The latest &
full 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) |
400,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
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Total Issues Shares |
20,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Stone Materials |
Trade Partners & Competitors
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Competitors |
KYURE STONE INDUSTRY CO., LTD. RM. 301, HANSEONG BLDG., 282-6, NEUNG-DONG,
GWANGJIN-GU, SEOUL, KOREA TEL:+82-2-3437-2511~3 FAX:+82-2-3437-2514 SPARTAN STONE CO., LTD. 212-20, NOWONDONG 3-GA, BUK-GU, DAEGU,
KOREA TEL:+82-53-351-1212 FAX:+82-53-351-1213 NOBEL STONE CO., LTD. 572-11, GUMUI-RI, JANGAN-MYEON,
HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-358-6450 FAX:+82-31-358-6451 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
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.