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Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
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Name : |
OH SUNG CHEMS CO., LTD. |
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Registered Office : |
395-73, Sindaebang-dong, Dongjak-gu, Seoul, Korea, Rm.724~725, Woosung Character Greenville, Zip Code 156-849 |
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Country : |
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Date of Incorporation : |
29.03.2012 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Chemicals such as Dyes,
Paints, Reactive Dyes, Disperse Dyes, Acid Dyes, Direct Dyes, Ink, Dyestuff
& Pharmaceutical Intermediate, Acid Chloride & Chloroformate,
Agrichemical Intermediate, Dyes & Pigment and Other Fine Chemicals |
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No. of Employees : |
24 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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.
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Source : CIA |
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Company
Name |
OH SUNG CHEMS CO., LTD. (Korean Company Name : “(주)오성켐스”) |
|
Registered Address |
395-73, Sindaebang-dong, Dongjak-gu, Seoul, Korea |
|
Building |
Rm.724~725, Woosung Character Greenville |
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Zip Code |
156-849 |
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Tel |
+82-2-833-7318 |
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Fax |
+82-2-833-6697 |
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E-mail |
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Website |
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Trading
Address |
Rm.724~725,
Woosung Character Greenville, 395-73, Sindaebang-dong,
Dongjak-gu, Seoul, Korea (New Address System : 7, Boramae-ro 5ga-gil, Dongjak-gu, Seoul, Korea) |
|
Tel |
+82-2-833-7318 |
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Fax |
+82-2-833-6697 |
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Type |
Export/Import |
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Industry |
Wholesales
of Chemicals |
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Main Business |
Dyes, Paints, Reactive Dyes,
Disperse Dyes, Acid Dyes, Direct Dyes, Ink, Dyestuff & Pharmaceutical
Intermediate, Acid Chloride & Chloroformate, Agrichemical Intermediate,
Dyes & Pigment and Other Fine Chemicals |
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Established (mm/dd/yyyy) |
03/29/2012 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Dyes(12171500) |
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Sell |
Ink
and lead refills(44121900) |
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Sell |
Reactive Dyestuffs |
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Name |
Ahn Dae-Hyun |
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Address |
Suite 2-904, 409, Gaepo-ro, Gangnam-gu,
Seoul, Korea |
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Date of Birth |
03/10/1952 |
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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 |
24 |
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Formation |
Co.,
Ltd by Shares |
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Bank Details |
Nonghyup
Bank |
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Corporate Registered No. |
110111-4832196 |
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Business Registered No. |
108-86-00*** (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.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
1984
Established as OH SUNG TRADING COMPANY(Sole
Proprietorship) 03/29/2012 Incorporated as the present name
(OH SUNG CHEMS CO., LTD.) The address (Rm. 601, Samsung It Valley,
197-5, Guro 3-dong, Guro-gu, Seoul, Korea) you provided was the right
address, but in the registry its officially and presently registered address
is below as we submitted. Rm.724~725, Woosung Character Greenville, 395-73, Sindaebang-dong,
Dongjak-gu, Seoul, Korea (New Address System : 7, Boramae-ro 5ga-gil,
Dongjak-gu, Seoul, Korea) For the bank, Nonghyup Bank [Ex. National Agricultural Cooperative Federation
(NACF, Nonghyup)] is the
right name as we submitted. |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Ahn Dae-Hyun |
Male |
Korean |
03/29/2012 |
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Director |
Mr. |
Song Myun-Soo |
Male |
Korean |
03/29/2012 |
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Auditor |
M/S. |
Lee Soon-Jung |
Female |
Korean |
03/29/2012 |
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issued Shares |
10,000 |
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Main Products & Services |
Dyes, Paints, Reactive Dyes,
Disperse Dyes, Acid Dyes, Direct Dyes, Ink |
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Competitors |
COLORANT COREA CORPORATION 782-4, EOGOK-DONG, YANGSAN-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-388-9003 FAX:+82-55-388-9006 MYUNGJIN TRADING CO., LTD. 4TH FL., MYEONGJIN BLDG., 236-7, NONHYEON
2-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-546-5040 FAX:+82-2-546-6566 YOOJIN CHEMICAL CO., LTD. 8B-28L, BANWOL INDUSTRIAL COMPLEX, 743-7,
WONSI-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-494-0618 FAX:+82-31-494-0617 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
KETT KOREA CO., LTD.(160111-0041915) |
(Activity & Markets)
The Subject imports
from USA, Japan, Europe, India and China.
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
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UK Pound |
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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.