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Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TNT COLOR &
CHEMICAL CO., LTD. |
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|
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Registered Office : |
625, Doha-ri, Eunhyeon-myeon, Yangju-si, Gyeonggi-do |
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Country : |
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Date of Incorporation : |
30.08.1993 |
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Com. Reg. No.: |
127-81-57618 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Synthetic Coloring Matter, Tanning Materials and Other
Coloring Agents |
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|
|
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No. of Employees : |
18 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
TNT COLOR &
CHEMICAL CO., LTD. (Korean Company
Name : “(주)티엔티”) |
|
Registered Address |
625, Doha-ri, Eunhyeon-myeon, Yangju-si,
Gyeonggi-do, Korea |
|
Zip Code |
482-861 |
|
Tel |
+82-31-867-0741 |
|
Fax |
+82-31-867-0742 |
|
Trading Address |
625, Doha-ri, Eunhyeon-myeon, Yangju-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-867-0741 |
|
Fax |
+82-31-867-0742 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Coloring Matter, Tanning Materials and Other
Coloring Agents |
|
Main Business |
Dyestuff, Auxiliaries, Construction Materials, Chemicals for Leather, Fabricated
Metal Products |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
08/30/1993 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dyes(12171500) |
|
Name |
Kim Jung-Tae |
|
Address |
Suite 112-2304, 114, Bakdal-dong,
Manan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
01/19/1956 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,000,000,000 |
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Employees |
18 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank-Euijungbu Branch |
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Corporate Registered No. |
111511-0017652 |
|||||||||||||||||||||
|
Business Registered No. |
127-81-57618 |
|||||||||||||||||||||
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Permit & Licenses |
Int’l Trade No.: 11106890 |
|||||||||||||||||||||
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Shareholder Position |
|
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Company History |
09/01/1990 Established as TNT Corporation 08/30/1993 Incorporated as the present name 12/24/2002 Increased the authorized shares
to 280,000 shares from 80,000 shares 12/24/2002 Increased capital to
1,000,000,000 KRW from 700,000,000 KRW |
|||||||||||||||||||||
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|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Jung-Tae |
Male |
Korean |
05/09/2007 |
|
Director |
Mr. |
Kim Tae-Yoon |
Male |
Korean |
05/09/2007 |
|
Director |
Mr. |
Hwang Ki-Dal |
Male |
Korean |
05/09/2007 |
|
Auditor |
M/S. |
Yoon Ok-Hee |
Female |
Korean |
05/09/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
3,542,000,000 |
|
|
|
|
2010 |
3,547,000,000 |
|
|
|
2009 |
3,096,000,000 |
5,102,000,000 |
105,000,000 |
|
2008 |
3,134,000,000 |
4,748,000,000 |
102,000,000 |
|
2007 |
3,449,000,000 |
|
141,670,000 |
|
2006 |
4,096,000,000 |
4,700,000,000 |
167,000,000 |
|
2005 |
4,011,000,000 |
4,269,000,000 |
196,000,000 |
|
2004 |
4,334,000,000 |
|
|
|
2003 |
3,981,000,000 |
|
|
The 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) |
2,800,000,000 |
|
Paid-Up Capital(KRW) |
1,000,000,000 |
|
Total Issued Shares |
100,000 |
|
Main Products & Services |
Acid Dyes, Direct Dyes Auxiliaries for Leather Chemicals for The Leather Treatments Dyestuffs & Chemicals Leather Dyes |
|
Competitors |
JIN WOONG INDUSTRIAL CO., LTD. 619-1, GANAP -RI, GWANGJEOK-MYEON,
YANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-837-6005 FAX:+82-31-837-6006 NATO CORPORATION LTD. 73, YONGAM-RI, EUNHYEON-MYEON, YANGJU-SI,
GYEONGGI-DO, KOREA TEL:+82-31-862-8181 FAX:+82-31-864-4294 RHEESOO DYES & CHEMICALS CO., LTD. 6TH FL., YEONGSANG BLDG., 397-17,
DAEBANG-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-825-8541 FAX:+82-2-824-4294 |
|
Subsidiary |
TAESANG CHEMICAL CO., LTD.(CHINA) QINGDAO TAERYUCK CHEMICAL CO., LTD.(CHINA) |
The Subject deals
with the companies in China, Taiwan, India, Indonesia and Syria.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.