MIRA INFORM REPORT
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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
BE MAX TRADING CO., LTD. |
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Registered Office : |
167, Naesu-dong, Jongno-gu, Seoul, Korea, Rm.707,
Sejongro Daewoo Bldg., Zip Code 110-070 |
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Country : |
South Korea |
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Date of Incorporation : |
23.03.2000 |
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Com. Reg. No.: |
101-81-55791 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees
: |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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South korea
|
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 |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to
become a high-tech industrialized economy. In the 1960s, GDP per capita was
comparable with levels in the poorer countries of Africa and Asia. In 2004,
South Korea joined the trillion dollar club of world economies, and currently
is among the world's 20 largest economies. Initially, a system of close
government and business ties, including directed credit and import
restrictions, made this success possible. The government promoted the import of
raw materials and technology at the expense of consumer goods, and encouraged
savings and investment over consumption. The Asian financial crisis of 1997-98
exposed longstanding weaknesses in South Korea''s development model including
high debt/equity ratios and massive short-term foreign borrowing. GDP plunged
by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous
economic reforms following the crisis, including greater openness to foreign
investment and imports. Growth moderated to about 4% annually between 2003 and
2007. With the global economic downturn in late 2008, South Korean GDP growth
slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to
recover, in large part due to export growth, low interest rates, and an
expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South
Korea Free Trade Agreement was ratified by both governments and is projected to
go into effect in early 2012. The South Korean economy''s long term challenges
include a rapidly aging population, inflexible labor market, and heavy reliance
on exports - which comprise half of GDP.
Source
: CIA
|
Company Name |
BE MAX TRADING
CO., LTD. (Korean Company
Name : “비멕스트레이딩(주)”) |
|
Registered Address |
167, Naesu-dong,
Jongno-gu, Seoul, Korea |
|
Building |
Rm.707, Sejongro Daewoo Bldg. |
|
Zip Code |
110-070 |
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Tel |
+82-2-738-0558 |
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Fax |
+82-2-738-0559 |
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E-mail |
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|
Website |
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Trading Address |
Rm.707, Sejongro Daewoo Bldg., 167, Naesu-dong, Jongno-gu, Seoul, Korea |
|
Tel |
+82-2-738-0558 |
|
Fax |
+82-2-738-0559 |
|
Type |
Import/Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Synthetic Resin |
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Established (mm/dd/yyyy) |
03/23/2000 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic resins(13111059) |
|
Name |
Ko Jae-Yong |
|
Address |
Suite 2-702, 151, Samseong-ro, Gangnam-gu,
Seoul, Korea |
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Date of Birth |
02/10/1948 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
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Employees |
5 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Kwanghwamun Branch Hana Bank |
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Corporate Registered No. |
110111-1917066 |
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Business Registered No. |
101-81-55791 |
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Permit & Licenses |
Int’l Trade No.: 11783909 |
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Shareholder Position |
N/A |
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Company History |
03/23/2000 Incorporated as the present name 03/10/2010 Moved to the present HQ address
from Rm.
912, Doryeom Bldg., 60, Doryeom-dong, Jongno-gu, Seoul, Korea 03/31/2011 Moved to the present HQ address from Rm. 2001, Gwanghwamun
Officia, 163, Sinmunno 1-ga, Jongno-gu, Seoul, Korea |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ko Jae-Yong |
Male |
Korean |
03/23/2000 |
|
Director |
M/S. |
Kim Yeon-Joo |
Female |
Korean |
03/23/2000 |
|
Auditor |
Mr. |
Kim Jung-Sik |
Male |
Korean |
03/23/2000 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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|
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|
2010 |
|
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2009 |
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2008 |
|
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2007 |
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2006 |
35,996,000,000 |
2,262,000,000 |
129,000,000 |
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2005 |
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2004 |
31,335,000,000 |
863,000,000 |
90,000,000 |
|
2003 |
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The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Main Products & Services |
Synthetic Resin |
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Competitors |
SAMMIN CORPORATION RM. 408, DAEGWANG BLDG., 7-15, NONHYEON
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 CITI POLYMER LTD. RM. 1405, LG TWINTEL 1-CHA, 157-8, SAMSEONG
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-539-8071 FAX:+82-2-539-8073 GEYANG CHEMICAL CO., LTD. 4TH FL., GIL BLDG., 522-2, DANGSANDONG
3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-2635-6575 FAX:+82-2-2677-0878 |
(Activity &
Markets)
The Subject exports
to China, Taiwan, Hong Kong, Lebanon, Vietnam and Syria.
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.97 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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.