MIRA INFORM REPORT

Report Date :

21.09.2011

IDENTIFICATION DETAILS

Name :	HANA CORPORATION

Registered Office :	140, Mapo-dong, Mapo-gu, Seoul, Korea, 7FL., Dabo Bldg., Zip Code 121-714

Country :	South korea

Date of Incorporation :	01.05.1998

Com. Reg. No.:	105-03-09501

Legal Form :	Sole Proprietorship

Line of Business :	Wholesales of Cosmetics

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Small Company

Payment Behaviour :	Unknown

Litigation :	----

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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

South korea

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Basic

Company Name	HANA CORPORATION (Korean Company Name : “하나통상”)
Registered Address	140, Mapo-dong, Mapo-gu, Seoul, Korea
Building	7FL., Dabo Bldg.
Zip Code	121-714
Tel	+82-2-719-2074~5
Fax	+82-2-719-2079
E-mail	hanaexim@hanmail.net
Trading Address	7FL., Dabo Bldg., 140, Mapo-dong, Mapo-gu, Seoul, Korea
Tel	+82-2-719-2074~5
Fax	+82-2-719-2079
Type	Export/Import
Industry	Wholesales of Cosmetics
Main Business	Pharmaceutical Materials, Mushroom, Cosmetics Materials
Sub Business	Pharmaceutical Product & Raw Material
Established (mm/dd/yyyy)	05/01/1998

The Subject Company occupies the premises of registered HQ address by leasing base.

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Drugs and Pharmaceutical Products(51000000)
Sell	Chemicals including Bio Chemicals and Gas Materials(12000000)

CEO’s

Name	Suh Ky-Jung
Title	Owner
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	2
Formation	Sole Proprietorship
Bank Details	Gwangju Bank
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	105-03-09501
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	05/01/1998 Established as the present name

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner	Mr.	Suh Ky-Jung	Male	Korean	05/01/1998

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

Pharmaceutical Materials, Mushroom, Cosmetics Materials

Trade Partners & Competitors

Competitors

COGNIS KOREA LTD.

5TH FL., GANGNAM METRO BLDG., 1339-9, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-3489-7600 FAX:+82-2-584-7603

SU CHANG CO., LTD.

135, OGEUM-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-448-5323 FAX:+82-2-448-5325

MASUNG & CO., LTD.

RM. 401, SEOJONG BLDG., 1699-12, SEOCHO 4-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-533-0123 FAX:+82-2-532-1989

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

Cooperative Enterprise

HANA TRADING CO., LTD.(110111-1850894)

11FL., DABO BLDG., 140, MAPO-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-719-2074~5 FAX:+82-2-719-2079

Sales by Region

(Activity & Markets)

The Subject imports from China.

Court Action

Not Available.

News Clipping

---

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.22
UK Pound	1	Rs.75.63
Euro	1	Rs.65.65

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