|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
NATO
CORPORATION LTD. |
|
|
|
|
Registered Office : |
73, Yongam-ri, Eunhyeon-myeon, Yangju-si, Gyeonggi-do, Korea 482-863 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
09.01.1990 |
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|
|
|
Com. Reg. No.: |
127-81-13814 |
|
|
|
|
Legal Form : |
Co., Ltd by
shares |
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|
|
|
Line of Business : |
Manufacture of Synthetic Coloring Matter, Tanning
Materials and Other Coloring Agents |
|
|
|
|
No. of Employees : |
16 |
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 : |
Unknown |
|
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 |
NATO CORPORATION LTD. (Korean Company Name : “나토상사(주)”) |
|
Registered Address |
73,
Yongam-ri, Eunhyeon-myeon, Yangju-si, Gyeonggi-do, Korea |
|
Zip Code |
482-863 |
|
Tel |
+82-31-862-8181 |
|
Fax |
+82-31-864-4294 |
|
E-mail |
webmaster@natodye.com;natodye@natodye.com |
|
Website |
www.natodye.com |
|
Trading Address |
Rm.
2504, Office Town, Techno-Mart, 546-4, Guui 3-dong, Gwangjin-gu, Seoul, Korea |
|
Tel |
+82-2-3424-2811 |
|
Fax |
+82-2-3424-2814 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Coloring Matter, Tanning Materials and Other
Coloring Agents |
|
Main Business |
Leather Dyestuffs, Acid Dyestuffs, Direct Dyestuffs |
|
Established (mm/dd/yyyy) |
01/09/1990 |
The Subject owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dyes(12171500) |
|
Name |
Choi Ho |
|
Address |
Suite 53-704, 362, Gwangjang-dong,
Gwangjin-gu, Seoul, Korea |
|
Date of Birth |
02/20/1943 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
||||||||||||
|
Employees |
16 |
||||||||||||
|
Formation |
Co., Ltd by shares Venture Business |
||||||||||||
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Bank Details |
Shinhan Bank-Mookyo Branch |
||||||||||||
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Corporate Registered No. |
111511-0012363 |
||||||||||||
|
Business Registered No. |
127-81-13814 |
||||||||||||
|
Permit & Licenses |
12/04/2002 ISO 9001 by Certificate Int’l (UK) Limited 1997 Patent(#124425) by developing
non-benzidine dyestuffs Int’l Trade No.: 933665 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
04/1969 Established Taerim Chemical Company 01/1973 Set up Yangjoo factory at #73,
Yongam Eunhyun Kyunggi-Do 03/1977 Awarded "The President
Prize" recommended by the office of National Tax Administration 01/1983 Changed company name as the present
name 12/1987 Expanded factory 08/1988 Designated as "Company of
Bright Prospect" by Choheung Bank 01/1990 Changed company name as "Nato
Corp. Ltd." 11/1990 Awarded "US$1 Million Export
Tower" and the prize of "Outstanding Growth" by the Chairman of Korea Foreign Trade Association 10/1994 Established a Corporate Annex
Research Institute 11/1994 Won a prize by K.F.T.A. 12/1996 Founded a Shanghai Branch Office 05/1997 Founded a Guangzhou Office 11/1997 Obtained the patent (#124425) of
"Manufacturing Method for Non-Benzidine
Dyestuffs" 10/1999 Established Nato Shanghai Dye &
Chemical Co. Ltd. 04/2000 Obtained the Certificate of
Approval "ISO9001 |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Choi Ho |
Male |
Korean |
01/02/2003 |
|
Director |
Mr. |
Choi Seung-Hoon |
Male |
Korean |
03/31/2002 |
|
Director |
Mr. |
Baik Yong-Won |
Male |
Korean |
03/31/2011 |
|
Auditor |
M/S. |
Hwang Gui-Ho |
Female |
Korean |
03/31/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
|
|
|
|
2008 |
3,754,000,000 |
4,739,000,000 |
29,000,000 |
|
2007 |
2,931,000,000 |
4,800,000,000 |
-259,000,000 |
|
2006 |
4,191,000,000 |
6,283,000,000 |
19,000,000 |
|
2005 |
5,416,000,000 |
|
|
|
2004 |
5,822,000,000 |
6,979,000,000 |
447,000,000 |
|
2003 |
6,082,000,000 |
6,857,000,000 |
67,000,000 |
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) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
|
Main Products & Services |
Leather dyestuffs, Acid dyestuffs, Direct dyestuffs |
|
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)
|
Overseas Office |
CHINA FACTORY TEL : 86-21-5958-9707~9 FAX :
86-21-5958-8719 E-MAIL : CHINAFACTORY@NATODYE.COM SHANGHAI OFFICE TEL : 86-21-6428-7291~3 FAX :
86-21-6428-0636 E-MAIL : SHANGHAI@NATODYE.COM GUANGZHOU OFFICE TEL : 86-20-8388-7618(28) FAX :
86-20-8388-7638 E-MAIL : GUANGZHOU@NATODYE.COM |
|
Subsidiary |
NATO DYES (CHINA) |
(Activity & Markets)
The Subject deals
with the companies in Bangladesh, China, Hong Kong, India and Japan.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
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.