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Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CITI MATERIAL
SOLUTIONS INC. |
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|
|
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Registered Office : |
Rm. 1306, Dojeong Tower, 548-6, Anyang 8-dong, Manan-gu, Anyang-si,
Gyeonggi-do, Korea 430-821 |
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Country : |
South Korea |
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Date of Incorporation : |
29.03.2007 |
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Com. Reg. No.: |
123-86-09588 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
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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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 – 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 |
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Company
Name |
CITI MATERIAL
SOLUTIONS INC. (Korean Company
Name ; “(주)씨티씨엠에스”) |
|
Registered Address |
548-6, Anyang 8-dong, Manan-gu, Anyang-si,
Gyeonggi-do, Korea |
|
Building |
Rm. 1306, Dojeong Tower |
|
Zip Code |
430-821 |
|
Tel |
+82-31-465-6096 |
|
Fax |
+82-31-342-5456 |
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E-mail |
yuni@citimaterials.com |
|
Website |
|
|
Trading Address |
Rm. 1306, Dojeong Tower, 548-6, Anyang
8-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-465-6096 |
|
Fax |
+82-31-342-5456 |
|
Type |
Export |
|
Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
|
Main
Business |
Compound Resin, Glass Fiber, FRP Products |
|
Established (mm/dd/yyyy) |
03/29/2007 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fiber straps(31151903) |
|
Sell |
Glass fibers(11151512) |
|
Sell |
Synthetic fabrics(11161800) |
|
Name |
Kim Joo-Hee |
|
Address |
Suite 305-1004, 899, Pyeongchon-dong,
Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
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Date of Birth |
05/29/1971 |
|
Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
|
Employees |
4 |
|
Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Myunghak Branch |
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Corporate Registered No. |
134111-0152467 |
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Business Registered No. |
123-86-09588 |
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Permit & Licenses |
Int’l Trade No.: 45306949 |
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Shareholder Position |
N/A |
|
Company History |
03/29/2007 Incorporated as the present name |
|
|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Kim Joo-Hee |
Female |
Korean |
03/29/2010 |
|
Director |
Mr. |
Kim Moon-Soo |
Male |
Korean |
03/29/2010 |
|
Auditor |
M/S. |
Park Jung-Nyeo |
Female |
Korean |
03/29/2010 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2010 |
|
|
|
|
2009 |
2,910,000,000 |
327,000,000 |
39,000,000 |
|
2008 |
4,223,000,000 |
307,000,000 |
32,000,000 |
|
2007 |
|
|
|
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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Compound Resin, Glass Fiber, FRP Products |
|
Competitors |
HANKUK FIBER GLASS CO., LTD. 181-1, YONGJI-RI, BUBUK-MYEON, MIRYANG-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-355-0081 FAX:+82-55-359-2079 OWENS CORNING KOREA CO., LTD. 1013-1, EUNGMYEONG-DONG, KIMCHEON-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-429-5757 FAX:+82-54-433-7432 DONGIL INDUSTRIAL CO. 725-5, WONSI-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-494-2341 FAX:+82-31-494-2343 |
The Subject exports
to USA, Philippines and New Zealand.
Not Available.
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.73 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.