MIRA INFORM REPORT

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

YUMIN CORPORATION

 

 

Registered Office :

553, Dohwa-dong, Mapo-gu, Seoul, Korea, Masters Tower Bldg., Zip Code 121-748

 

 

Country :

South Korea

 

 

Date of Incorporation :

01.02.2000

 

 

Com. Reg. No.:

128-81-45866

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Other Chemical Materials and Chemical Products

 

 

No. of Employees :

03

 

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, 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

YUMIN CORPORATION

(Korean Company Name : “유민물산(주)”)

Registered Address

553, Dohwa-dong, Mapo-gu, Seoul, Korea

Building

Masters Tower Bldg.

Zip Code

121-748

Tel

+82-2-711-4033

Fax

+82-2-711-4722

E-mail

yuminco@kornet.net

Website

www.yuminco.com

Trading Address

Rm. 1107, Masters Tower Bldg., 553, Dohwa-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-711-4033

Fax

+82-2-711-4722

Type

Export/Import

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Polyacetal, Phthalic Anhydride

Established (mm/dd/yyyy)

02/01/2000

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

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Polyacetal(13111030)

Sell

Plasticizers(12162000)

 

 

CEO’s

 

Name

Park Sang-Yong(Steve)

Address

Rm.309-1302, 32, Juyeop-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

10/02/1958

Title

Managing Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

3

Formation

Co., Ltd by shares

Bank Details

Woori Bank-Hwajung Station Branch

Corporate Registered No.

115911-0026908

Business Registered No.

128-81-45866

Permit & Licenses

Int’l Trade No.: 11376761

Shareholder Position

N/A

Company History

02/01/2000 Incorporated as the present name

10/31/2002 Moved to Masters Tower Bldg., 553, Dohwa-dong, Mapo-gu, Seoul, Korea from 979, Hwajeong-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Sang-Yong

Male

Korean

02/01/2002

Director

M/S.

Yoo Kyung-Sook

Female

Korean

02/01/2002

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

 

 

 

2008

12,895,000,000

423,000,000

131,000,000

2007

9,903,000,000

231,000,000

57,000,000

2006

7,338,000,000

221,000,000

25,000,000

2005

4,242,000,000

216,000,000

12,000,000

2004

 

 

 

2003

5,139,000,000

 

 

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)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Engineering Plastic

-Alloy-PC/PBT, PC/ABS

-PA 6 &66 (Polyamide)

-PBT(Polybutylene Terephthalate)

-PC(Polycarbonate)

-POM(Polyacetal)

-TPU (Theromoplastic Polyurethane)

 

Commodity Plastic

-ABS(Acronitrile Butadiend Styrene)

-EPS (Expandabel Polystyrene)

-HDPE(High Density Polyethylene)

-LDPE(Low Density Polyethylene)

-LLDPE(Linear Low Density Polyethylene)

-PP(Polypropylene)

-PS (Polystyrene)

-PVC Resin

-Pet Chip for Bottle, Film, Filament, Sheet

-PP Compound

-PVC Compound

 

Organic/Inorganic Chemicals

 

General Merchandises

-HDPE Pallet & Container

-Industrial Battery

-LLDPE Stretch Film

-PE Foram

-Plastic Film

-Plastic Rod

-Plastic Sheet

-Plastic Zipper

-PVC Cushion Mat

 

Machinery

 

 

Trade Partners & Competitors

 

Competitors

KOREA ENGINEERING PLASTICS CO., LTD.

4TH FL., HYOSEONG BLDG., 450, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-707-6831~9  FAX:+82-2-714-9235

 

POLYPENCO KOREA CO., LTD.

97, SAMJEONG-DONG, OJEONG-GU, BUCHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-32-677-0991  FAX:+82-32-681-2246

 

SUNJIN POLYMER CO., LTD.

1597, DAEJEO 1-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-941-2655~9  FAX:+82-51-971-2655

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Overseas Office

TAIWAN BRANCH

RM.6,  6FL., NO. 14, CHING CHENG ROAD, TAICHUNG, TAIWAN R.O.C

TEL:+886-4-2310-6359 FAX:+886-4-2310-6357

 

IRAN BRANCH

UNIT35, 5FL., GOLFAM BLDG., NO.3, GOLFAM ST., AFRICA AVE, TEHRAN, IRAN

TEL:+98-21-201-7654 FAX:+98-21-201-7668

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China, Israel and Egypt.

 

 

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.