MIRA INFORM REPORT

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

BEMEMS CO., LTD.

 

 

Registered Office :

319, Gasan-dong, Geumcheon-gu, Seoul, Korea, Rm. 710, Hoseo Univ. Venture Tower, Zip Code 153-711

 

 

Country :

South Korea

 

 

Date of Incorporation :

12.08.2008

 

 

Com. Reg. No.:

119-86-10029

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacturer of Dental Instruments and Appliances

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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 :

Moderate

Payment Behaviour :

Slow

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

BEMEMS CO., LTD.

(Korean Company Name : “()비멤스”)

Registered Address

319, Gasan-dong, Geumcheon-gu, Seoul, Korea

Building

Rm. 710, Hoseo Univ. Venture Tower

Zip Code

153-711

Tel

+82-2-2627-5660~2

Fax

+82-2-2627-5665

E-mail

master@bemems.com

Website

www.bemems.com

Trading Address

Rm. 710, Hoseo Univ. Venture Tower, 319, Gasan-dong, Geumcheon-gu, Seoul, Korea

Tel

+82-2-2627-5660~2

Fax

+82-2-2627-5665

Type

Export

Industry

Manufacture of Dental Instruments and Appliances

  Main Business

Dental X-ray

Established (mm/dd/yyyy)

08/12/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Dental x ray units(42152008)

 

 

CEO’s

 

Name

Joo Kyong-Sug

Address

Suite 2101, 465-12, Galhyeon-dong, Eunpyeong-gu, Seoul, Korea

Date of Birth

07/26/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

1,199,100,000

Employees

5

Formation

Co., Ltd by Shares

Venture Business

Bank Details

Woori Bank

Corporate Registered No.

110111-3952490

Business Registered No.

119-86-10029

Permit & Licenses

Int’l Trade No.: 30662609

Shareholder Position

N/A

Company History

08/12/2008 Incorporated as the present name

08/18/2008 Moved to the present HQ address from Rm.1513, 555, Dohwa-dong, Mapo-gu, Seoul, Korea

09/29/2009 Designated as a Venture Business

10/07/2009 Acquired BTPEN CO., LTD.

03/25/2010 Increased the authorized shares to 3,000,000 shares from 2,400,000 shares

12/14/2010 Increased capital to 1,199,100,000 KRW from 999,250,000 KRW

09/05/2011 Designated as a Venture Business again

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Joo Kyong-Sug

Male

Korean

08/12/2008

Director

Mr.

Lee Chang-Woo

Male

Korean

03/25/2011

Director

Mr.

Ji Chung-San

Male

Korean

03/16/2012

Auditor

Mr.

Lee Sung-Hern

Male

Korean

03/25/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

1,072,000,000

1,340,000,000

-307,000,000

2009

274,000,000

774,000,000

-448,000,000

2008

2,000,000

596,000,000

-70,000,000

 

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)

1,500,000,000

Paid-Up Capital(KRW)

1,199,100,000

Total Issued Shares

2,398,200

 

 

Products, Technologies, Services Description

 

Main Products & Services

Dental X-ray

Trade Partners & Competitors

 

Competitors

POSKOM CO., LTD.

35-2, MAJANG-RI, GWANGTAN-MYEON, PAJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-948-9005  FAX:+82-31-948-4208

 

DAE DONG HIGHTECH CORP.

DAEDONG BLDG., 533-7, DEUNGCHON 2-DONG, GANGSEO-GU, SEOUL, KOREA

TEL:+82-2-2655-0123  FAX:+82-2-2655-0530

 

HAN YOUNG TRADING CO., LTD.

HAN YOUNG BLDG., 1194, GAEPO 4-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-571-1122  FAX:+82-2-571-1121

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

News Clipping

 

---

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.83

UK Pound

1

Rs.87.41

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.