MIRA INFORM REPORT
|
Report Date : |
04.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
MK CHEM TECH |
|
|
|
|
Registered Office : |
369-3, Deokpo-dong, Sasang-gu, Busan, Korea, Zip
Code 617-040 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
03.02.1999 |
|
|
|
|
Com. Reg. No.: |
606-04-14407 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesales of Chemicals |
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 : |
Small Concern |
|
|
|
|
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 – 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 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company
Name |
MK CHEM TECH (Korean Company Name : “엠케이켐테크”) |
|
Registered Address |
369-3, Deokpo-dong,
Sasang-gu, Busan, Korea |
|
Zip Code |
617-040 |
|
Tel |
+82-51-912-8534 |
|
Fax |
+82-51-912-8536 |
|
E-mail |
|
|
Trading Address |
369-3, Deokpo-dong,
Sasang-gu, Busan, Korea |
|
Tel |
+82-51-912-8534 |
|
Fax |
+82-51-912-8536 |
|
Type |
Import/Export |
|
Industry |
Wholesales of Chemicals |
|
Main Business |
Bond, Hardner |
|
Established (mm/dd/yyyy) |
03/02/1999 |
The Subject Company occupies the premises of registered HQ address by
leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemical adhesives(31201601) |
|
Sell |
Other adhesives and sealants(31201600) |
CEO’s
|
Name |
Jung Myung-Kwan |
|
Date of Birth |
11/12/1958 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
2 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Korea Exchange Bank-Sasang Branch |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
606-04-14407 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The Owner has 100% shares. |
|
Company History |
03/02/1999
Established as the present name After 08/2006, it is known that the Subject
has moved to the present address from Neospot Complex Store, Bujeon 2-dong,
Busanjin-gu, Busan, Korea, but we cannot confirm of the exact date. |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Jung
Myung-Kwan |
Male |
Korean |
03/02/1999 |
|
Manager |
M/S. |
Won Jung-Hee |
Female |
Korean |
03/02/1999 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
|
|
|
|
2006 |
112,000,000 |
373,000,000 |
(-)10,000,000 |
|
2005 |
195,000,000 |
233,000,000 |
(-)2,000,000 |
|
2004 |
|
|
|
|
2003 |
281,000,000 |
209,000,000 |
19,000,000 |
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) |
Not Applicable
to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to
the Sole Proprietorship |
|
Total Issues Shares |
Not Applicable
to the Sole Proprietorship |
Products, Technologies, Services Description
|
Main Products & Services |
Chemicals Products |
Trade Partners & Competitors
|
Competitors |
DAE HEUNG CHEMICAL CO., LTD. 232-20, GAGOK-RI, HWADO-EUP, NAMYANGJU-SI,
GYEONGGI-DO, KOREA TEL:+82-31-594-1012 FAX:+82-31-594-8657 LEEHO CO., LTD. 1033, JANGNIM 1-DONG, SAHA-GU, BUSAN, KOREA TEL:+82-51-265-9777 FAX:+82-51-265-3868 JEONG EUI IND. CO., LTD. 978-1, YONGSO-RI, YANGGAM-MYEON,
HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-352-8537~8 FAX:+82-31-352-8539 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
MK POWERSOURCE CO., LTD.(180111-0513233) |
Sales by Region
(Activity & Markets)
The Subject exports to China and Pakistan.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.42 |
|
UK Pound |
1 |
Rs.76.72 |
|
Euro |
1 |
Rs.65.85 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.