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Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
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Name : |
MISUNG MOOLSAN CO., LTD. |
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Registered Office : |
3FL., 123-49, Gamjeon-dong, Sasang-gu,
Busan, Korea 617-802 |
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Country : |
South Korea |
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Date of Incorporation : |
11.04.1994 |
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Com. Reg. No.: |
606-81-55210 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales of Chemicals |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
MISUNG MOOLSAN CO., LTD. |
|
Registered Address |
3FL., 123-49, Gamjeon-dong, Sasang-gu,
Busan, Korea |
|
Zip Code |
617-802 |
|
Tel |
+82-51-315-8753 |
|
Fax |
+82-51-315-8756 |
|
E-mail |
thislee@mwc.co.kr |
|
Website |
www.mschem.co.kr |
|
Trading Address |
3FL., 123-49, Gamjeon-dong, Sasang-gu,
Busan, Korea |
|
Tel |
+82-51-315-8753 |
|
Fax |
+82-51-315-8756 |
|
Type |
Export/Import |
|
Industry |
Wholesales of Chemicals |
|
Main Business |
Inorganic Chemicals, Food Additives, Cosmetics
Materials, Dyes, Paint, Ink, Rubber, Plastic Materials, Warehousing Services,
Transportation Services |
|
Established (mm/dd/yyyy) |
11/04/1994 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Name |
Nam Yoon-Keun |
|
Address |
Suite 503-1406, 47, Deokcheon-ro
234beon-gil, Buk-gu, Busan |
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Date of Birth |
08/14/1949 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
225,000,000 |
|
Employees |
6 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Citibank, Korea-Hakjang Dong Branch |
|
Corporate Registered No. |
1801110-167832 |
|
Business Registered No. |
606-81-55210 |
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Permit & Licenses |
Int’l Trade No.: 12031764 |
|
Shareholder Position |
N/A |
|
Company History |
11/04/1994 Incorporated (*The initial
company name is not available.) 11/07/1994 Changed company name to the
present name 01/25/2005 Moved to the present HQ address from
651-1, Eomgung-dong, Sasang-gu, Busan, Korea 08/22/2008 Increased the authorized shares
to 2,000,000 shares from 300,000 shares |
|
|
|
(*)The subject is under process of applying
for changing their information in the Court Registry. It would take about 5~7
working days to check the latest one reflecting the changes. So please educate
your client to place the order again after 7 days later, and be advised that
this report has been investigated as of 05/17/2013(14:00PM).
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Nam Yoon-Keun |
Male |
Korean |
08/20/2012 |
|
Director |
Mr. |
Kim Jung-Man |
Male |
Korean |
08/20/2012 |
|
Auditor |
Mr. |
Sohn Eung-Joo |
Male |
Korean |
08/21/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
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2010 |
|
|
|
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2009 |
|
|
|
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2008 |
10,479,000,000 |
5,387,000,000 |
673,000,000 |
|
2007 |
8,064,000,000 |
4,762,000,000 |
409,000,000 |
|
2006 |
7,261,000,000 |
3,055,000,000 |
286,000,000 |
|
2005 |
|
|
|
|
2004 |
|
|
|
|
2003 |
|
|
|
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) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
225,000,000 |
|
Total Issued Shares |
45,000 |
|
Main Products & Services |
Chemicals |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
HAN KYUNG CHEMICAL CO., LTD. 25B-10L, NAMDONG INDUSTRIAL COMPLEX, 446-9,
NONHYEON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-818-0146 FAX:+82-32-819-7298 SBI CORPORATION RM. 204, 418-3, SINDORIM-DONG, GURO-GU,
SEOUL, KOREA TEL:+82-2-2633-2585 FAX:+82-2-2633-2596 KUKJAE CHEMICAL CO., LTD. 36-3, SEGOK-RI, BONGDAM-EUP, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-227-0672 FAX:+82-31-298-0671 |
|
Affiliates |
MISUNG TRADING CO., LTD.(134111-0025929) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
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Joint Venture |
|
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Subsidiary |
|
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Corporate Ownership |
|
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Major Shareholders |
|
|
Cooperative Enterprise |
|
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Sales/ Unit :Mil KRW |
2012 |
2011 |
2010 |
|
Export |
|
|
|
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Domestic |
|
|
|
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Total |
|
|
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The Subject imports from Malaysia and China.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.77 |
|
|
1 |
Rs.83.31 |
|
Euro |
1 |
Rs.70.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.