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Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MULTI CHEM LTD. |
|
|
|
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Registered Office : |
Rm.402,
Jinsung Bldg., 513-14, Sinsa-dong, Gwanak-gu, Seoul, Korea |
|
|
|
|
Country : |
South Korea |
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|
|
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Date of Incorporation : |
26.06.2012 |
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|
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Com. Reg. No.: |
119-86-58590 |
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|
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Dyes, Pigments and Related
Products |
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|
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No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New
Business |
---- |
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Status : |
New Company |
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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 |
MULTI CHEM
LTD. |
|
Registered Address |
513-14, Sinsa-dong,
Gwanak-gu, Seoul, Korea |
|
Building |
Rm.402, Jinsung Bldg. |
|
Zip Code |
151-873 |
|
Tel |
+82-2- 888-5645 |
|
Fax |
+82-2-888-5646 |
|
E-mail |
itop@hanafos.com |
|
Trading Address |
Rm.402,
Jinsung Bldg., 513-14, Sinsa-dong, Gwanak-gu, Seoul, Korea (New Address
System : 110, Jowon-ro, Gwanak-gu, Seoul, Korea) |
|
Tel |
+82-2- 888-5645 |
|
Fax |
+82-2-888-5646 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Dyes, Pigments and Related
Products |
|
Main
Business |
Pigment, Paint |
|
Established (mm/dd/yyyy) |
06/26/2012 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dyes(12171500) |
|
Sell |
Pigments(12171600) |
|
Sell |
Paints and primers(31211500) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Name |
Jung Phil-Hyun |
|
Address |
Suite 118-2003, 1430, Nambusunhwan-ro,
Gwanak-gu, Seoul, Korea |
|
Date of Birth |
04/06/1958 |
|
Title |
President & CEO |
|
Sex |
Female |
|
Nationality |
Korean |
|
Capital (KRW) |
100,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Industrial Bank of Korea |
|
Corporate Registered No. |
110111-4900513 |
|
Business Registered No. |
119-86-58590 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
07/25/2005 Established as MULTI CHEM(Sole
Proprietorship) 06/26/2012 Incorporated as the present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Jung Phil-Hyun |
Female |
Korean |
06/26/2012 |
|
Director |
Mr. |
Kim Won-Sam |
Male |
Korean |
06/26/2012 |
|
Director |
M/S. |
Kim So-Ra |
Female |
Korean |
06/26/2012 |
|
Director |
Mr. |
Kim Jung-Min |
Male |
Korean |
06/26/2012 |
|
Auditor |
M/S. |
Ahn Yeon-Kyung |
Female |
Korean |
06/26/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
Financial
Description
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issued Shares |
20,000 |
|
Main Products & Services |
Pigment, Paint |
|
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 |
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
UK Pound |
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.84.23 |
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.