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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
YOUNG`S CORPORATION |
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Formerly Known As : |
YOUNG`S CORPORATION CO. |
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Registered Office : |
242-8, Yangjae 2-dong, Seocho-gu, Seoul, Korea, 3rd Fl., Young`s Bldg, Zip Code 137-894 |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
29.01.1993 |
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Com. Reg. No.: |
220-81-14320 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturer of General Paints and Similar Products |
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No. of Employees : |
15 |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company
Name |
YOUNG`S CORPORATION (Korean Company Name : “(주)영주양행”) |
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Registered Address |
242-8, Yangjae 2-dong, Seocho-gu, |
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Building |
3rd Fl., Young`s Bldg. |
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Zip Code |
137-894 |
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Tel |
+82-2-555-1040 |
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Fax |
+82-2-556-3637 |
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E-mail |
export@youngscorp.com;import@youngscorp.com;bhk@youngscorp.com |
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Website |
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Trading Address |
3rd Fl., Young`s Bldg., 242-8, Yangjae
2-dong, Seocho-gu, Seoul, Korea |
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Tel |
+82-2-2057-0390 |
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Fax |
+82-2-2057-0399 |
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Type |
Export/Import |
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Industry |
Manufacture of General Paints and Similar Products |
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Main Business |
Paint Additives, Pigments, Resin, Power Coating Additives, Flame
Retardants, Bead |
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Sub
Business |
Manufacture of All Other Chemical Products n.e.c. |
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Established (mm/dd/yyyy) |
01/29/1993 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Coating paints(31211504) |
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Sell |
Pigments(12171600) |
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Sell |
Additives(12160000) |
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Name |
Um Young-Sup |
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Address |
Suite304-1601, 726, Seongbok-dong, Suji-gu,
Yongin-si, |
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Date of Birth |
12/26/1946 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Mr. Um Young-Sup has
been graduated from
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Capital (KRW) |
500,000,000 |
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Employees |
15 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Seoch 3-Dong
Branch |
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Corporate Registered No. |
110111-0916457 |
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Business Registered No. |
220-81-14320 |
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Permit & Licenses |
Int’l Trade No.: 982283 |
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Shareholder Position |
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Company History |
04/01/1983 Established as YOUNG`S
CORPORATION CO. 01/29/1993 Incorporated as the present
company name 12/10/1999 Increased the authorized shares
to 200,000 shares from 40,000 shares 02/25/2000 Moved to the present address
from 808-3, Yeoksam-dong, Gangnam-gu, 03/30/2000 Increased capital to 300,000,000
KRW from 200,000,000 KRW 03/23/2010 Increased the authorized shares
to 400,000 shares from 200,000 shares 03/23/2010 Increased capital to
500,000,000 KRW from 300,000,000 KRW |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Um Young-Sup |
Male |
Korean |
01/29/1993 |
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Director |
Mr. |
Lee Yoon-Sang |
Male |
Korean |
06/25/2010 |
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Auditor |
Mr. |
Park Sang-Min |
Male |
Korean |
01/29/1993 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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28,500,000,000 |
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2010 |
30,400,000,000 |
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2009 |
28,760,000,000 |
8,715,000,000 |
550,000,000 |
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2008 |
26,837,606,000 |
7,590,683,000 |
418,782,000 |
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2007 |
19,817,560,000 |
6,469,140,000 |
284,709,000 |
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2006 |
14,452,000,000 |
6,187,000,000 |
242,000,000 |
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2005 |
13,546,000,000 |
5,149,000,000 |
320,000,000 |
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2004 |
17,319,000,000 |
5,512,000,000 |
444,000,000 |
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2003 |
13,283,000,000 |
4,302,000,000 |
418,000,000 |
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Authorized Capital(KRW) |
2,000,000,000 |
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Paid-Up Capital(KRW) |
500,000,000 |
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Total Issues Shares |
100,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Total Assets |
7,590,683,000 |
6,469,140,000 |
6,187,000,000 |
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Current Assets |
6,284,916,000 |
4,991,346,000 |
4,745,000,000 |
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-Quick Assets |
- |
- |
- |
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-Inventories |
- |
- |
- |
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Fixed Assets |
1,305,767,000 |
1,477,794,000 |
1,442,000,000 |
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-Investment |
- |
- |
- |
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-Tangibles |
- |
- |
- |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
2,702,258,000 |
1,999,498,000 |
2,002,000,000 |
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Current Liabilities |
2,651,040,000 |
1,922,670,000 |
1,912,000,000 |
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Fixed Liabilities |
51,217,000 |
76,828,000 |
90,000,000 |
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Capital Stock |
300,000,000 |
300,000,000 |
300,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
4,588,425,000 |
4,169,642,000 |
3,885,000,000 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
4,888,425,000 |
4,469,642,000 |
4,185,000,000 |
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Liab. & Shareholder’s Equity |
7,590,683,000 |
6,469,140,000 |
6,187,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Sales |
26,837,606,000 |
19,817,560,000 |
14,452,000,000 |
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Cost of Sold Goods |
23,255,202,000 |
17,505,196,000 |
12,400,000,000 |
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Gross Profit |
3,582,404,000 |
2,312,364,000 |
2,052,000,000 |
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Selling & Admin. Expenses |
2,236,656,000 |
1,772,145,000 |
1,692,000,000 |
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Operating Income |
1,345,748,000 |
540,219,000 |
360,000,000 |
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Non-Operating Income |
51,217,000 |
76,828,000 |
90,000,000 |
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Non-Operating Expenses |
1,230,996,000 |
327,155,000 |
229,000,000 |
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Ordinary Income |
538,092,000 |
378,091,000 |
314,000,000 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
538,092,000 |
378,091,000 |
314,000,000 |
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Income Taxes Expenses |
119,310,000 |
93,382,000 |
72,000,000 |
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Net Income |
418,782,000 |
284,709,000 |
242,000,000 |
Cash
Flows
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Cash Flows from Operating |
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-Net Income |
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-Exp. without Cash Outflow |
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-Revenue without Cash Inflows |
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-Changes in Asset/ & Liability |
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Cash Flows from Investing |
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-Cash Inflow from Investing |
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-Cash Outflows for Investing |
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Cash Flows from Financing |
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-Cash Inflows from Financing |
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-Cash Outflows from Financing |
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Increase/Decrease in Cash |
51,217,000 |
76,828,000 |
90,000,000 |
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Cash at the Beginning of Year |
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Cash at the End of Year |
1,230,996,000 |
327,155,000 |
229,000,000 |
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Main Products & Services |
The Subject manufactures Paint Additives,
Pigments, Resin, Power Coating Additives, Flame Retardants, and plastics raw materials,
and imports raw chemical materials, pigment, additives, flame retardant, bead
and other raw materials. It also exports raw materials for waterborne paints,
solventborne paints, resins, pigments, power coating additives and other raw
materials. Additives for Waterborne Paint Additives for Solventborne Paint Solvents Grinding Media (Bead) Resins Resin raw materials Plastics and its Relatives |
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Competitors |
LION CHEMTECH CO., LTD. 41-5, MUNPYEONG-DONG, DAEDEOK-GU, TEL:+82-42-930-3300 FAX:+82-42-930-3333 CHEMRICH CORP. 160-1, MUNHYEONG-RI, OPO-EUP, GWANGJU SI, TEL:+82-31-767-2323 FAX:+82-31-767-0557 CONNELL BROS. CO.( RM. 811, KOREAN REINSURANCE BLDG., 80,
SUSONG-DONG, JONGNO-GU, TEL:+82-2-725-8751 FAX:+82-2-755-3896 |
(Activity & Markets)
The Subject deals
with the companies in
Not Available.
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
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|
1 |
Rs.88.97 |
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Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
---- |
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.