MIRA INFORM REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
MASTEX INC. |
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Registered Office : |
275-5, Yangjae 2-dong, Seocho-gu,
Seoul, Korea, 8th Fl., Taeseok Bldg.Zip
Code 137-943 |
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Country : |
South Korea |
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Date of Incorporation : |
09.01.1999 |
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Com. Reg. No.: |
120-81-85786 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Weaving of Man-Made Fiber Fabrics |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 |
MASTEX INC. (Korean
Company Name : “(주)매스텍스”) |
|
Registered Address |
275-5, Yangjae
2-dong, Seocho-gu, Seoul, Korea |
|
Building |
8th Fl., Taeseok
Bldg. |
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Zip Code |
137-943 |
|
Tel |
+82-2-589-5900 |
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Fax |
+82-2-589-5938 |
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Trading Address |
8th Fl., Taeseok
Bldg., 275-5, Yangjae 2-dong, Seocho-gu,
Seoul, Korea |
|
Tel |
+82-2-589-5900 |
|
Fax |
+82-2-589-5938 |
|
Type |
Export |
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Industry |
Manufacture of Underwear and Night Clothes |
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Main Business |
Womens Underwear, Polyester Fabrics, Nylon
Fabrics, Knit Fabrics, Buying Office Business |
|
Sub
Business |
Weaving of Man-Made Fiber Fabrics |
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Established (mm/dd/yyyy) |
01/09/1999 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Underpants(53102303) |
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Sell |
Womens pajamas or nightshirts or robes(53102604) |
|
Buy |
Buttons(53141505) |
|
Buy |
Synthetic fabrics(11161800) |
|
Buy |
Fabrics and leather materials(11160000) |
|
Buy |
Cotton(11121802) |
CEO’s
|
Name |
Kim Sung-Min |
|
Address |
Suite 2416, 21-2, Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Date of Birth |
9/26/1956 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
26 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Yangjae Dong Branch |
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Corporate Registered No. |
110111-1631129 |
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Business Registered No. |
120-81-85786 |
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Permit & Licenses |
Int’l Trade No.: 11634887 |
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Shareholder Position |
N/A |
|
Company History |
01/09/1999 Incorporated as the present name 03/26/2001 Moved to the present HQ address
from 945-1, Daechi-dong,
Gangnam-gu, Seoul, Korea |
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|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Sung-Min |
Male |
Korean |
01/09/1999 |
|
Director |
Mr. |
Park Kyung-Shin |
Male |
Korean |
01/28/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
22,037,820,000 |
|
1,106,200,000 |
|
2008 |
13,276,930,000 |
|
139,500,000 |
|
2007 |
13,667,510,000 |
|
525,240,000 |
|
2006 |
13,163,260,000 |
|
160,000,000 |
|
2005 |
8,666,000,000 |
|
|
|
2004 |
3,735,000,000 |
|
|
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 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issues Shares |
20,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Womens Underwear, Polyester Fabrics, Nylon
Fabrics, Knit Fabrics, Buying Office Business |
Trade Partners & Competitors
|
Competitors |
SSANGBANGWOOL &
TRYGROUP(110111-3891169) GOOD PEOPLE CO., LTD.(110111-0939326) BYC CO., LTD.(110111-0005995) 1104-1, DAERIM 2-DONG, YEONGDEUNGPO-GU,
SEOUL, KOREA TEL:+82-2-840-3114 FAX:+82-2-840-3193 |
Sales by Region
(Activity & Markets)
The Subject exports
to Hong Kong and USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.64.40 |
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 |
|
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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.