MIRA INFORM REPORT

 

 

Report Date :           

24.03.2012

 

IDENTIFICATION DETAILS

 

Name :

IMS CORPORATION

 

 

Registered Office :

167, Nae-dong, Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea, Samkyung Bldg., Zip Code 421-806

 

 

Country :

South Korea

 

 

Date of Incorporation :

11.02.2010

 

 

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 :

Small Company 

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

IMS CORPORATION

(Korean Copany Name : “()아이엠에스코퍼레이션”)

Registered Address

167, Nae-dong, Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea

Building

Samkyung Bldg.

Zip Code

421-806

Tel

+82-2-588-8818

Fax

+82-2-588-9384

E-mail

msk@imscorp.kr

Website

www.imscorp.kr

Trading Address

Rm.403, Sunwoo Bldg., 1556-9, Seocho-dong, Seocho-gu, Seoul, Korea

Tel

+82-70-8899-9384

Fax

+82-2-588-9384

Type

Export

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Caustic Soda, Glycerine

Established (mm/dd/yyyy)

02/11/2010

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

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Inorganic hydroxides(12352305)

Sell

Chemistry reagents or solutions(41116105)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

 

 

CEO’s

 

Name

Kim Min-Sang

Address

Suite 206-1504, 961-1, Mok-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

03/20/1974

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

3

Formation

Co., Ltd., by Shares

Bank Details

N/A

Corporate Registered No.

121111-0198599

Business Registered No.

130-86-49*** (The full numbers are kept by the National Tax Service confidentially.)

Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

02/11/2010 Incorporated as the present name

01/27/2012 Increased the authorized shares to 1,000,000 shares from 80,000 shares

01/28/2012 Increased capital to 200,000,000 KRW from 100,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Kim Min-Sang

Male

Korean

02/11/2010

Auditor

M/S.

Kim Ji-Young

Female

Korean

02/11/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

13,000,000,000

 

 

 

 

Financial Description

 

Authorized Capital(KRW)

5,000,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issues Shares

40,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Chemical Products

 

 

Trade Partners & Competitors

 

Suppliers

SK ENERGY CO., LTD.(110111-3710385)

SKC LTD(130111-0001585)

HONAM PETRO CHEMICAL CORPORATION(110111-0193196)

Customers

SAMSUNG ELECTRONICS CO., LTD.( 130111-0006246)

MARUBENI CORPORATION(JAPAN)

Competitors

JMC CORPORATION

125, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA

TEL:+82-52-231-5741  FAX:+82-52-238-9210

 

KOC CO., LTD.

749-4, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA

TEL:+82-52-238-5885  FAX:+82-52-238-5886

 

KWANGJIN CHEMICAL CO., LTD.

1DA-306, SIHWA INDUSTRIAL COMPLEX, 1245-5, JEONGWANG 3-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-498-4555  FAX:+82-31-498-4557

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Japan.

 

 

Court Action

 

Not Available.

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.91

UK Pound

1

Rs.80.77

Euro

1

Rs.67.40

 

 

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.