MIRA INFORM REPORT

 

 

Report Date :

12.10.2011

 

IDENTIFICATION DETAILS

 

Name :

LST

 

 

Registered Office :

6BA-401, Shihwa Danji, 682, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea 425-836

 

 

Country :

South Korea

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

206-22-59611

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Other Chemical Materials and Chemical Products

 

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 Company

 

 

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 Information

 

Company Name

LST

(Korean Company Name : “엘에스티”)

Registered Address

6BA-401, Shihwa Danji, 682, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Zip Code

425-836

Tel

+82-31-495-4931

Fax

+82-31-495-4932

Trading Address

6BA-401, Shihwa Danji, 682, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Tel

+82-31-495-4931

Fax

+82-31-495-4932

Type

Export/Import

Industry

Wholesale of Other Chemical Materials and Chemical Products

Established (mm/dd/yyyy)

N/A

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

 

 

CEO’s

 

Name

Kang Kwang-Sung

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

206-22-59611

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

N/A

Due to lack of the information, we contacted the subject, and tried to interview with Mr. Kang Kwang-Sung,(He did not confirm if he is a owner, but we can guess he is an owner because the phone has been linked to his mobile directly.)

 

As per your questions; please be advised of the below answers based on the interview;

 

1.  Documentation, or otherwise, instances of improper, unethical or illegal business conducted. => Not available

2.  Bribes to Government officials by the company, affiliate(s)parent or any of its owners, officials, principals, or any employee. => Not found such activities

3.  Any relationship to the local government (family relationship to high placed government officials). => No relations with government

4.  Does any person associated with the company, the parent affiliate(s) hold government positions, represent the local

    government in any capacity or holds a civil servant position? => No.

5.  Top five customers - who are they (name, phone, address, fax).

     What does the subject do for the customers (i.e. what products / services are provided to the customer)?

 

KOMSCO(KOREA MINTING & SECURITY PRINTING CORPORATION)

35, GAJEONG-DONG, YUSEONG-GU, DAEJEON, KOREA

TEL:+82-42-870-1114  FAX:+82-42-861-5229

 

6.  Any positive or negative points you might have learned during? => No.

7. Are there any sale made by your company where the intended destination of the product(s) is Cuba, Iran, North Korea, Sudan, and/or Syria? => No relations with those countries

8. Do you have a presence, that is, a sales office, any agent/representative or distributors in Cuba, Iran, North Korea, Sudan and/or Syria? => No relations with those countries

9. What is corporate structure, limited liability, partnership, proprietorship, public, etc? => Sole Proprietorship

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Kang Kwang-Sung

Male

Korean

N/A

 

 

Financials

 

The 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

Other Chemical Materials and Chemical Products

 

 

Trade Partners & Competitors

 

Customers

KOMSCO(KOREA MINTING & SECURITY PRINTING CORPORATION)

35, GAJEONG-DONG, YUSEONG-GU, DAEJEON, KOREA

TEL:+82-42-870-1114  FAX:+82-42-861-5229

Competitors

HAN KYUNG CHEMICAL CO., LTD.

25B-10L, NAMDONG INDUSTRIAL COMPLEX, 446-9, NONHYEON-DONG, NAMDONG-GU, INCHEON, KOREA

TEL:+82-32-818-0146  FAX:+82-32-819-7298

 

SBI CORPORATION

RM. 204, 418-3, SINDORIM-DONG, GURO-GU, SEOUL, KOREA

TEL:+82-2-2633-2585  FAX:+82-2-2633-2596

 

KUKJAE CHEMICAL CO., LTD.

36-3, SEGOK-RI, BONGDAM-EUP, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-227-0672  FAX:+82-31-298-0671

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.03

UK Pound

1

Rs.76.60

Euro

1

Rs.66.80

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.