MIRA INFORM REPORT
|
Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
GENESIS CORPORATION |
|
|
|
|
Registered Office : |
702-2, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea, Rm. 1306, Samsung
Jeil Bldg., Zip Code 135-751 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
24.11.1992 |
|
|
|
|
Com. Reg. No.: |
220-81-30941 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Tents and Other Made-Up Canvas Goods |
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 : |
Moderate |
|
|
|
|
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 |
GENESIS
CORPORATION (Korean Company
Name : “(주)제니시스교역”) |
|
Registered Address |
702-2, Yeoksam 1-dong, Gangnam-gu, Seoul,
Korea |
|
Building |
Rm. 1306, Samsung Jeil Bldg. |
|
Zip Code |
135-751 |
|
Tel |
+82-2-561-1303~4 |
|
Fax |
+82-2-561-1305 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm. 1306, Samsung Jeil Bldg., 702-2,
Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-561-1303~4 |
|
Fax |
+82-2-561-1305 |
|
Type |
Export |
|
Industry |
Manufacture of Tents and Other Made-Up Canvas Goods |
|
Main Business |
Tarpaulin |
|
Established (mm/dd/yyyy) |
11/24/1992 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Tarpaulins(24141506) |
|
Sell |
Synthetic fabrics(11161800) |
CEO’s
|
Name |
Chai Byung-Chul |
|
Address |
Suite 3-1002, 63, Daechi-dong,
Gangnam-gu, Seoul, Korea |
|
Date of Birth |
06/09/1954 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
2 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Hana Bank-Eonjuro Branch |
|
Corporate Registered No. |
110111-0903446 |
|
Business Registered No. |
220-81-30941 |
|
Permit & Licenses |
Int’l Trade No.: 11039648 |
|
Shareholder Position |
N/A |
|
Company History |
11/24/1992 Incorporated as the present name 1/2000 Awarded US$ 1 Million Export Top
prize 03/24/2007 Moved to the present HQ address
from 662-11, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Chai Byung-Chul |
Male |
Korean |
11/24/1992 |
|
Director |
M/S. |
Pyun Soon-Bum |
Female |
Korean |
11/24/1992 |
|
Auditor |
Mr. |
Jung Bong |
Male |
Korean |
03/27/1998 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
|
|
|
|
2006 |
|
|
|
|
2005 |
|
|
|
|
2004 |
1,523,000,000 |
|
|
|
2003 |
|
|
|
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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
Products, Technologies, Services Description
|
Main Products & Services |
PE(POLYTHYLENE) Tarpaulin (both in rolls
& finished sheet) PP(POLYPROPYLENE) Bag Flat Yarn manufacturing equipment Weaving M/C Laminating M/C Automatic welding M/C Automatic eyelet punching M/C Sewing M/C |
Trade Partners & Competitors
|
Competitors |
SOONGWON
IND. CO., LTD. 632,
GEUMMAE-RI, HYORYEONG-MYEON, GUNWI-GUN, GYEONGSANGBUK-DO, KOREA TEL:+82-54-383-6166 FAX:+82-54-383-6199 SOYON
INDUSTRIAL CO., LTD. T1-507~508,
WESTERN TOWER, 867, JANGHANG 2-DONG ,ILSANDONG-GU ,GOYANG-SI, GYEONGGI-DO,
KOREA TEL:+82-31-931-5307/9 FAX:+82-31-931-5310 NEW PRIME
INC. RM. 1416,
GWANGHWAMUN OFFICIA, 163, SINMUNNO 1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-730-4228 FAX:+82-2-730-4229 |
Sales by Region
(Activity & Markets)
The Subject exports
to Indonesia and Malaysia.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.62 |
|
UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.66.47 |
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.