MIRA INFORM
REPORT
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Report Date : |
02.03.2011 |
IDENTIFICATION DETAILS
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Name : |
HUMADE CORPORATION |
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Registered Office : |
553, Dohwa 1-dong, Mapo-gu, |
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Country : |
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Date of Incorporation : |
26.04.2004 |
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Com. Reg. No.: |
105-86-66524 |
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Legal Form : |
Co., Ltd., by shares |
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Line of Business : |
Wholesaler of Synthetic Rubber and Plastics Materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
HUMADE CORPORATION (Korean Company Name : “(주)휴메이드”) |
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Registered Address |
553,
Dohwa 1-dong, Mapo-gu, |
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Building |
Rm. 1810, |
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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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E-mail |
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Trading Address |
Rm. 1810, Masters Tower Bldg., 553, Dohwa
1-dong, Mapo-gu, |
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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, FA Materials |
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Established (mm/dd/yyyy) |
04/26/2004 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Rubber compound(13101607) |
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Sell |
Processed and synthetic rubber(13101600) |
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Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
CEO’s
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Name |
Kim Cheol-Ho |
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Address |
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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 |
5 |
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Formation |
Co., Ltd., by shares |
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Bank Details |
Shinhan Bank Nonghyup Bank-Gwangyang Branch Korea Exchange Bank |
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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 Incorporated as the present
name 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, 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 08/12/2010 Moved to the present HQ address from Rm. 2310, Masters
Tower Bldg., 553, Dohwa 1-dong, Mapo-gu, |
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Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President & CEO |
Mr. |
Kim Cheol-Ho |
Male |
Korean |
04/26/2004 |
|
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
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Unit: KRW |
|
Year |
Sales |
Assets |
Net Income |
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38,510,020,000 |
|
284,020,000 |
|
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2008 |
45,357,880,000 |
|
356,790,000 |
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2007 |
42,568,230,000 |
3,263,000,000 |
212,000,000 |
|
2006 |
24,801,990,000 |
2,386,000,000 |
73,000,000 |
|
2005 |
15,218,000,000 |
1,007,000,000 |
54,000,000 |
|
2004 |
9,700,000,000 |
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The full 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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Unit: KRW |
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Authorized Capital |
200,000,000 |
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Paid-Up Capital |
100,000,000 |
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Total Issues Shares |
20,000 |
Products, Technologies, Services Description
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Main Products & Services |
Synthetic Rubber, Compound Resin |
Trade
Partners & Competitors
|
Customers |
OCI CO., LTD.(174611-0000981) YONGSAN CHEMICALS, INC.(110111-0145709) KOREA KUMHO PETRO CHEMICAL CO., LTD.(110111-0205975) |
|
Competitors |
HEARTYCHEM CORP. RM. 1806, TEL:+82-2-6000-0886 FAX:+82-2-6000-0888 DYM CO., LTD. 624-2, EOPSEONG-DONG, SEOBUK-GU,
CHEONAN-SI, TEL:+82-41-621-6250 FAX:+82-41-621-8420 JUNGWOO TRADING CO., LTD. 869-11, EOGOK-DONG, YANGSAN-SI, TEL:+82-55-386-5003 FAX:+82-55-364-1778 |
Sales by
Region
(Activity &
Markets)
Not Available.
Court
Action
Not Available.
News
Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.12 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.62.32 |
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 |
|
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 |
|
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 |
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.