MIRA INFORM REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
KUMKANG CORP. |
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Registered Office : |
340-23, Jamsilbon-dong, Songpa-gu, Seoul, Korea, Rm. 305, Hongik Bldg., Zip Code 138-867 |
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Country : |
South korea |
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Date of Incorporation : |
02.04.2009 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Concern |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South korea
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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 |
KUMKANG CORP. (Korean Company Name : “금강코퍼레이션”) |
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Registered Address |
340-23, Jamsilbon-dong, Songpa-gu, Seoul, Korea |
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Building |
Rm. 305, Hongik Bldg. |
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Zip Code |
138-867 |
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Tel |
+82-2-583-5260 |
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Fax |
+82-2-583-5261 |
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Trading Address |
Rm. 305, Hongik Bldg., 340-23, Jamsilbon-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-583-5260 |
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Fax |
+82-2-583-5261 |
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Other Address |
Rm.903, 201-dong, , Dongmoon Goodmorning Hill 2nd, 1319,
Baekseok-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea |
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Tel |
+82-31-432-5260 |
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Fax |
+82-31-432-5261 |
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Type |
Export/Import |
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Industry |
Wholesale of Other Chemical Materials and Chemical Products |
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Main Business |
PVC Stabilizers, Plastic Additives |
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Established (mm/dd/yyyy) |
04/02/2009 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Chemistry reagents or solutions(41116105) |
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Sell |
Additives(12160000) |
CEO’s
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Name |
Seo Eui-Young |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
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Employees |
1 |
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Formation |
Sole Proprietorship |
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Bank Details |
N/A |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
215-20-*****. (The full numbers are kept by
the National Tax Service confidentially.) Because the subject’s full Business
Registered No., for checking through the National Tax Service whether the
subject is still existing or not, is not available, so we cannot confirm if
the subject exist or not legally.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
04/02/2009 Established as the present name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Owner |
Mr. |
Seo Eui-Young |
Male |
Korean |
04/02/2009 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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The 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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Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issues Shares |
Not Applicable to the Sole Proprietorship |
Products, Technologies, Services Description
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Main Products & Services |
PVC Stabilizers |
Trade Partners & Competitors
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Competitors |
SUN KYUNG CHEMICAL CO., LTD. 348, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN,
KOREA TEL:+82-52-239-4343 FAX:+82-52-239-4340 DANSUK INDUSTRIAL CO., LTD. 1DA-705, SIHWA INDUSTRIAL COMPLEX, 1239-5,
JEONGWANG 3-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-488-0700 FAX:+82-31-499-3909 ADEKA KOREA CORP. 839, YONGAM-RI, BONGDONG-EUP, WANJU-GUN,
JEOLLABUK-DO, KOREA TEL:+82-63-262-7190 FAX:+82-63-262-7338 |
Sales by Region
(Activity & Markets)
The Subject imports
from China.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.79 |
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UK Pound |
1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
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 |
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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 |
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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 |
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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.