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Report Date : |
01.04.2013 |
IDENTIFICATION DETAILS
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Name : |
LAMBERTI ASIA PACIFIC LTD. |
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|
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Registered Office : |
41FL., China Tower Bank, 1, Central Garden
Road |
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Country : |
Hong Kong |
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|
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Date of Incorporation : |
23.06.1993 |
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Com. Reg. No.: |
215-86-55168 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of Dyes, Pigments and Related Products |
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|
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No. of Employees : |
04 |
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 |
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Payment Behaviour : |
Usually Correct |
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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 |
|
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 |
LAMBERTI ASIA
PACIFIC LTD. (Korean Company Name : “람베르티아시아퍼시픽 유한회사(영업소)”) |
|
Registered Address |
41FL., China Tower Bank, 1, Central Garden
Road, Hong Kong |
|
Tel |
+852-28613662 |
|
Fax |
+852-25293948 |
|
E-mail |
sangkook.kim@lamberti-kr.com |
|
Website |
www.lamberti.com |
|
Trading
Address |
A-408, Acro Tower, 1591, Gwanyang-dong, Dongan-gu, Anyang-si,
Gyeonggi-do 431-060 Korea |
|
Tel |
+82-31-478-9700 |
|
Fax |
+82-31-478-9703 |
|
Type |
Export/Import |
|
Industry |
Wholesale
of Dyes, Pigments and Related Products |
|
Main Business |
Dye,
Surfactant |
|
Established (mm/dd/yyyy) |
06/23/1993 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Surfactants(12161900) |
|
Sell |
Dyes(12171500) |
|
Name |
Shin
Jae-Chul |
|
Address |
Suite 108-1501, 705, Inchang-dong, Guri-si,
Gyeonggi-do, Korea |
|
Date of Birth |
12/30/1967 |
|
Title |
Representative in Korea |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
H$1,000,000 |
|
Employees |
4 |
|
Formation |
Limited Liability Company Sales
Office of Foreign Company |
|
Bank Details |
N/A |
|
Corporate Registered No. |
1341840-000035 |
|
Business Registered No. |
215-86-55168 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
It is known that LAMBERTI ASIA PACIFIC LTD(HONG KONG) has 100% shares. |
|
Company History |
06/23/1993 Incorporated based on Hong Kong
Law 04/01/2004 Established Sales Office in
Korea 07/17/2007 Moved to the present Sales
Office from 655-2, Yeoksam-dong, Gangnam-gu, Seoul, Korea |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President
& CEO |
- |
Gio Gio Parknon Shelly |
- |
Italian |
06/23/1993 |
|
Representative in Korea |
Mr. |
Shin
Jae-Chul |
Male |
Korean |
07/17/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2009 |
3,107,000,000 |
2,612,000,000 |
403,000,000 |
|
2008 |
3,278,000,000 |
2,841,000,000 |
-465,000,000 |
|
2007 |
|
|
|
|
2006 |
|
|
|
|
2005 |
1,234,000,000 |
|
|
|
2004 |
319,000,000 |
|
|
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
Not
Applicable to the Limited Liability Company |
|
Paid-Up Capital(KRW) |
H$1,000,000 |
|
Total Issued Shares |
Not
Applicable to the Limited Liability Company |
|
Main Products & Services |
Dye,
Surfactant |
|
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 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 TAEKWANG DYESYUFFS & CHEMICAL CO., LTD. 4649-1, GANGDONG-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-973-4105 FAX:+82-51-973-4108 |
(Subsidiaries, Joint-Venture
& Affiliates)
|
Affiliates |
LAMBERTI SPA VIA MARSALA, 38 21013 GALLARATE VA ITALY TEL:+39 0331715111 FAX:+39 0331775577 |
|
Major Shareholders |
LAMBERTI ASIA PACIFIC UNIT 1305-1308, APEC PLAZA, 49 HOI YUEN
ROAD, KWUN TONG, KOWLOON, HONG KONG. PHONE:+852-28613662 FAX:+852-25293948 |
|
Cooperative Enterprise |
|
(Activity & Markets)
The Subject deals with
the companies in Italy and Hong Kong.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
|
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.