MIRA INFORM REPORT

 

 

Report Date :           

09.05.2011

 

IDENTIFICATION DETAILS

 

Name :

RADIANT INC.

 

 

Registered Office :

1143, Geodu-ri, Dongnae-myeon, Chuncheon-si, Gangwon-do, Korea, Zip Code 200-883

 

 

Country :

South Korea

 

 

Date of Incorporation :

23.05.2002

 

 

Com. Reg. No.:

140111-0021896

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Perfumes and Cosmetics

 

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 :

Moderate

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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

RADIANT INC.

(Korean Company Name : “(주)래디안”)

Registered Address

1143, Geodu-ri, Dongnae-myeon, Chuncheon-si, Gangwon-do, Korea

Zip Code

200-883

Tel

+82-33-244-1243

Fax

+82-33-244-1367

E-mail

radiantcmo@chol.com

Website

www.eradiant.co.kr

Trading Address

1143, Geodu-ri, Dongnae-myeon, Chuncheon-si, Gangwon-do, Korea

Tel

+82-33-244-1243

Fax

+82-33-244-1367

Type

Export

Industry

Manufacture of Perfumes and Cosmetics

  Main Business

Materials for Cosmetics

  Sub Business

Research and Experimental Development On Medical Sciences and Pharmacy

Established (mm/dd/yyyy)

05/23/2002

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cosmetics(53131619)

 

 

CEO’s

 

Name

Choi Shin-Wook

Address

Suite 103-1507, 115-10, Seoksa-dong, Chuncheon-si, Gangwon-do, Korea

Date of Birth

01/08/1969

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

300,000,000

Employees

9

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea-Chuncheon Branch

Corporate Registered No.

221-81-21329

Business Registered No.

140111-0021896

Permit & Licenses

05/2005 ISO9001/14001

 

Int’l Trade No.: 30315596

Shareholder Position

N/A

Company History

05/23/2002 Incorporated as the present name

02/17/2005 Designated as a Venture Business

06/2006 designated as an INNO-BIZ Company

06/16/2009 Designated as a Venture Business again

02/15/2011 Moved to the present HQ address from Rm. 207, Bio Bldg., Hitech Venture Town, 198-53, Hupyeong 1-dong, Chuncheon-si, Gangwon-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Choi Shin-Wook

Male

Korean

03/31/2011

Director

Mr.

Lee Hyun-Kyu

Male

Korean

03/31/2011

Auditor

Mr.

Choi Shin-Hyuck

Male

Korean

03/30/2005

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

1,426,000,000

1,937,000,000

241,000,000

2008

1,017,000,000

1,325,000,000

413,000,000

2007

704,000,000

694,000,000

23,000,000

2006

447,000,000

 

 

2005

304,000,000

 

 

2004

134,000,000

 

 

2003

111,000,000

 

 

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)

2,000,000,000

Paid-Up Capital(KRW)

300,000,000

Total Issues Shares

60,000

 

Products, Technologies, Services Description

 

Main Products & Services

Materials for Cosmetics

 

 

Trade Partners & Competitors

 

Competitors

KYUNGDONG CHEMICALS CORP.

RM. 704, BYUCKSAN SEONYEONG TECHNOPIA, 196-5, OJEON-DONG, UIWANG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-387-3573~5  FAX:+82-31-387-3576

 

DAEHAN PARKERIZING CO., LTD.

4TH FL., UDO BLDG., 363-5, SEOGYO-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-333-5821  FAX:+82-2-333-6092

 

SAMWANG CHEMICAL CORPORATION

348, MYOBONG-RI, IDONG-MYEON, CHEOIN-GU, YONGIN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-336-3873  FAX:+82-31-336-3876

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to USA, Japan, China, Taiwan, Thailand, Indonesia, Malaysia, Hong Kong, Australia, and India.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.73.43

Euro

1

Rs.65.27

 

 

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%)

 

 

 

 

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