|
Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
IMS CORPORATION |
|
|
|
|
Registered Office : |
Samkyung Bldg.
167, Nae-dong, Ojeong-gu, Bucheon-si, Gyeonggi-do,
Korea 421-806 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
11.02.2010 |
|
|
|
|
Com. Reg. No.: |
130-86-49176 |
|
|
|
|
Legal Form : |
Co., Ltd., by Shares |
|
|
|
|
Line of Business : |
Wholesale of Other Chemical Materials and Chemical
Products |
|
|
|
|
No. of Employees : |
1 |
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 : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 (31.03.2011) |
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 |
IMS CORPORATION (Korean Copany Name : “(주)아이엠에스코퍼레이션”) |
|
Registered Address |
167, Nae-dong,
Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea |
|
Building |
Samkyung Bldg. |
|
Zip Code |
421-806 |
|
Tel |
+82-2-588-8818 |
|
Fax |
+82-2-588-9384 |
|
E-mail |
msk@imscorp.kr |
|
Website |
www.imscorp.kr |
|
Trading Address |
Rm.403,
Sunwoo Bldg., 1556-9, Seocho-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-70-8899-9384 |
|
Fax |
+82-2-588-9384 |
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Caustic Soda, Glycerine |
|
Established (mm/dd/yyyy) |
02/11/2010 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Inorganic hydroxides(12352305) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Name |
Kim Min-Sang |
|
Address |
Suite 204-301, 300, Omok-ro, Yangcheon-gu,
Seoul, Korea |
|
Date of Birth |
03/20/1974 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
200,000,000 |
|
Employees |
1 |
|
Formation |
Co., Ltd., by Shares |
|
Bank Details |
Korea Exchange Bank-Nonhyun Nam Branch |
|
Corporate Registered No. |
121111-0198599 |
|
Business Registered No. |
130-86-49176 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
02/11/2010 Incorporated as the present name 01/27/2012 Increased the authorized shares to
1,000,000 shares from 80,000 shares 01/28/2012 Increased capital to 200,000,000
KRW from 100,000,000 KRW |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Kim Min-Sang |
Male |
Korean |
02/11/2010 |
|
Auditor |
M/S. |
Kim Ji-Young |
Female |
Korean |
02/11/2010 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
28,964,000,000 |
3,458,000,000 |
375,000,000 |
|
|
2010 |
12,870,000,000 |
595,000,000 |
141,000,000 |
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
|
Main Products & Services |
Chemical Products |
|
Suppliers |
SK ENERGY CO., LTD.(110111-3710385) SKC LTD(130111-0001585) HONAM PETRO CHEMICAL CORPORATION(110111-0193196) |
|
Customers |
SAMSUNG ELECTRONICS CO., LTD.( 130111-0006246) MARUBENI CORPORATION(JAPAN) |
|
Competitors |
JMC CORPORATION 125, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN,
KOREA TEL:+82-52-231-5741 FAX:+82-52-238-9210 KOC CO., LTD. 749-4, HWASAN-RI, ONSAN-EUP, ULJU-GUN,
ULSAN, KOREA TEL:+82-52-238-5885 FAX:+82-52-238-5886 KWANGJIN CHEMICAL CO., LTD. 1DA-306, SIHWA INDUSTRIAL COMPLEX, 1245-5,
JEONGWANG 3-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-498-4555 FAX:+82-31-498-4557 |
(Activity &
Markets)
The Subject deals
with the companies in Japan.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
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 |
|
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.