|
Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
CNB CORPORATION |
|
|
|
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Registered Office : |
26-6, Sanbon-ro 323beon-gil, Gunpo-si, Gyeonggi-do, Korea |
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|
|
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Country : |
South Korea |
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|
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Date of Incorporation : |
02.05.2012 |
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Com. Reg. No.: |
123-86-32 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Materials and Chemical Products |
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|
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No. of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
Basic
|
Company Name |
CNB CORPORATION (Korean Company Name : “(주)씨앤비”) |
|
Registered
Address |
26-6, Sanbon-ro 323beon-gil, Gunpo-si, Gyeonggi-do, Korea |
|
Building |
Rm. 606, Baekdu Bldg. |
|
Zip Code |
435-040 |
|
Tel |
+82-31-398-6622 |
|
Fax |
+82-31-398-6676 |
|
E-mail |
jkmoon21@naver.com |
|
Website |
|
|
Trading Address |
Rm. 606, Baekdu Bldg., 26-6, Sanbon-ro 323beon-gil, Gunpo-si, Gyeonggi-do, Korea (Old Address System : Rm. 606, Baekdu Bldg., 1140-3, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-398-6622 |
|
Fax |
+82-31-398-6676 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical
Products |
|
Main Business |
Machinery,
Chemicals, Synthetic Resin |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
05/03/2012 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Compounded resin(13111037) |
|
Sell |
Plastic resins(13111059) |
CEO’s
|
Name |
Cho Kyu-Chan |
|
Address |
Suite
621-1403, 12, Sanboncheon-ro, Gunpo-si, Gyeonggi-do, Korea |
|
Date of Birth |
03/22/1969 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
200,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate
Registered No. |
135111-0109772 |
|
Business
Registered No. |
123-86-32***
(The full numbers are kept by the
National Tax Service confidentially.) Because the
subject’s full Business Registered No., for checking through the National Tax
Service whether the subject is still existing or not, is not available, so we
cannot confirm if the subject exist or not legally.) |
|
Permit &
Licenses |
N/A |
|
Shareholder
Position |
N/A |
|
Company
History |
05/03/2012
Incorporated as the present name |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President & CEO |
Mr. |
Cho Kyu-Chan |
Male |
Korean |
05/03/2012 |
|
Director |
Mr. |
Cheon Jung-Ah |
Male |
Korean |
05/03/2012 |
|
Director |
Mr. |
Moon Jin-Ki |
Male |
Korean |
05/03/2012 |
|
Auditor |
M/S. |
Park Young-Rye |
Female |
Korean |
05/03/2012 |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
|
|
|
Financial Description
|
Authorized
Capital(KRW) |
800,000,000 |
|
Paid-Up
Capital(KRW) |
200,000,000 |
|
Total Issued
Shares |
40,000 |
|
Main Products
& Services |
Machinery,
Chemicals, Synthetic Resin |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
SAMMIN CORPORATION RM. 408,
DAEGWANG BLDG., 7-15, NONHYEON 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 CITI POLYMER
LTD. RM. 1405, LG
TWINTEL 1-CHA, 157-8, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-539-8071 FAX:+82-2-539-8073 GEYANG
CHEMICAL CO., LTD. 4TH FL., GIL
BLDG., 522-2, DANGSANDONG 3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-2635-6575 FAX:+82-2-2677-0878 |
The Subject
exports to Jordan and Indonesia.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.