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Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
LDS CHEMICALS & TRADING CO., LTD. |
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|
|
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Registered Office : |
963, Unjung-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea, Rm.902, Mark City Yellow, Zip Code 463-440 |
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Country : |
South Korea |
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Date of Incorporation : |
13.07.2009 |
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|
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Com. Reg. No.: |
129-86-35352 |
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Legal Form : |
Co., Ltd by Shares |
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|
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Line of Business : |
Wholesaler of Other Chemical Materials and Chemical Products such as
Polyacrylamide, Medicines Intermediate, LED Chip, Lamp, Womens Suits, Casual
Clothing, Online Shopping Mall Operation, Chemicals |
|
|
|
|
No. of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
TATUS |
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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|
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Payment Behaviour : |
Unknown |
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Litigation : |
--- |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 is
currently the world's 12th largest economy. 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. Korea''s export focused economy was hit hard by the 2008 global economic
downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in
2010. The US-South Korea Free Trade Agreement was ratified by both governments
in 2011 and went into effect in March 2012. Throughout 2012 the economy
experienced sluggish growth because of market slowdowns in the United States,
China, and the Eurozone. The incoming administration in 2013, following the
December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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 |
LDS CHEMICALS
& TRADING CO., LTD. (Korean Company Name : “엘디에스(주)”) |
|
Registered Address |
963, Unjung-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
|
Building |
Rm.902, Mark City Yellow |
|
Zip Code |
463-440 |
|
Tel |
+82-31-605-9786 |
|
Fax |
+82-31-605-9787 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
Rm.902, Mark City Yellow, 963, Unjung-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea (New Address System : Rm.902, 129, Unjung-ro,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-605-9786 |
|
Fax |
+82-31-605-9787 |
|
Type |
Export/Import |
|
Industry |
Wholesale
of Other Chemical Materials and Chemical Products |
|
Main Business |
Polyacrylamide,
Medicines Intermediate, LED Chip, Lamp, Womens Suits, Casual Clothing, Online
Shopping Mall Operation, Chemicals |
|
Established (mm/dd/yyyy) |
07/13/2009 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Light
emitting diodes LEDs(32111503) |
|
Sell |
Chemistry
reagents or solutions(41116105) |
|
Sell |
Womens
suits(53101904) |
|
Name |
Cho Soo-Hyun |
|
Address |
Suite B-325, 295, Seongnam-daero,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
09/15/1965 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
4 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
Kookmin Bank Woori
Bank |
|
Corporate Registered No. |
131111-0235034 |
|
Business Registered No. |
129-86-35352 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
05/02/2006
Established as LDS CHEMICALS & TRADING CO.(Sole Proprietorship ; 129-29-16731) (*)As of
12/15/2009 LDS CHEMICALS & TRADING CO.(Sole Proprietorship ; 129-29-16731) has been closed. 07/13/2009
Incorporated as the present name 05/01/2012 Moved to the present HQ address from C-828, Daelim Acrotel,
168-1, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Cho Soo-Hyun |
Male |
Korean |
05/01/2012 |
|
Director |
M/S. |
Lee
Kyung-Sook |
Female |
Korean |
07/13/2009 |
|
Auditor |
Mr. |
Cho Young-Sang |
Male |
Korean |
07/13/2009 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Polyacrylamide,
Medicines Intermediate, LED Chip, Lamp, Womens Suits, Casual Clothing, Online
Shopping Mall Operation, Chemicals, Cosmetic additives, Coating Ingredient
Business |
|
Competitors |
NINEX CO., LTD. 1110-26, ORYONG-DONG, BUK-GU, GWANGJU,
KOREA TEL:+82-62-974-0801 FAX:+82-62-974-0804 SUNG HWA FINE CHEMICAL CO. RM. 705, DONGBU SUN-VILLE, 99-6,
GARAKBON-DONG, SONGPA-GU, SEOUL, KOREA TEL:+82-2-6419-8382 FAX:+82-2-6419-8384 YK038 CO., LTD. 4TH FL., UHO BLDG., 708-6, BANPO 1-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+82-2-548-0059 FAX:+82-2-548-9941 |
(Activity & Markets)
The Subject deals
with the companies in Singapore and China.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.34 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.