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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
MYONGBO MARBLE CO., LTD. |
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Registered Office : |
45-20, Osan-ro, Mohyeon-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Zip Code 449-852 |
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Country : |
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Date of Incorporation : |
17.06.1996 |
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Com. Reg. No.: |
129-81-19435 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Other Construction Materials such as Marble, Imitation Stone,
Granite & Sandstone |
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No of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. South 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. South 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-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge 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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about half of GDP.
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Source : CIA |
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Company Name |
MYONGBO
MARBLE CO., LTD. (Korean Company Name : “(주)명보마블”) |
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Registered
Address |
45-20, Osan-ro, Mohyeon-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do,
Korea |
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Zip
Code |
449-852 |
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Tel |
+82-31-339-7090~2 |
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Fax |
+82-31-339-7093~4 |
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E-mail |
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Website |
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Trading
Address |
45-20, Osan-ro, Mohyeon-myeon, Cheoin-gu,
Yongin-si, Gyeonggi-do, Korea (Old Address System : 120, Osan-ri, Mohyeon-myeon, Cheoin-gu,
Yongin-si, gyeonggi-do, Korea) |
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Tel |
+82-31-339-7090~2 |
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Fax |
+82-31-339-7093~4 |
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Type |
Import |
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Main Business |
Wholesaler
of Other Construction Materials such as Marble, Imitation Stone, Granite
& Sandstone |
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Established
(mm/dd/yyyy) |
06/17/1996 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Marble(11111605) |
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Sell |
Granite(11111604) |
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Sell |
Sandstone(11111607) |
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Name |
Kim
Jung-Hwan |
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Address |
120,
Osan-ri, Mohyeon-myeon, Cheoin-gu, Yongin-si, gyeonggi-do, Korea |
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Date of Birth |
10/16/1955 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
300,000,000 |
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Employees |
7 |
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Formation |
Co.,
Ltd by Shares |
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Bank Details |
Shinhan Bank-Sanbon Branch |
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Corporate Registered No. |
131111-0024700 |
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Business Registered No. |
129-81-19435 |
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Permit & Licenses |
Int’l
Trade No.: 11348485 |
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Shareholder Position |
N/A |
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Company History |
06/17/1996 Incorporated as the present name 06/23/2005 Moved to the present HQ address
from 241-11, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea 12/30/2008 Increased capital to 300,000,000
KRW from 200,000,000 KRW 07/14/2011 Acquired Jungang Marble Co.,
Ltd. |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Kim
Jung-Hwan |
Male |
Korean |
02/17/2003 |
|
Director |
Mr. |
Park Sung-Kyu |
Male |
Korean |
02/17/2012 |
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Auditor |
M/S. |
Kwak Soon-Hee |
Female |
Korean |
02/17/2012 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
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Authorized Capital(KRW) |
400,000,000 |
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Paid-Up Capital(KRW) |
300,000,000 |
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Total Issued Shares |
30,000 |
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Main Products & Services |
Marble,
Imitation Stone, Granite, Sandstone |
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Competitors |
ILSHIN STONE CO., LTD. 6TH FL., SEOGYEONG BLDG., 539-3, SEONGNAE 1-DONG,
GANGDONG-GU, SEOUL, KOREA TEL:+82-2-487-9009 FAX:+82-2-477-5278 ROLLING STONE CO., LTD. 131-3, GAMIL-DONG, HANAM-SI, GYEONGGI-DO,
KOREA TEL:+82-70-7096-1000 FAX:+82-31-903-1495 DOOEUN MARBLE & STONE CO., LTD. RM. 607, SESIN COMPLEX, 66-2, UMYEON-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+82-2-572-3858 FAX:+82-2-572-4177 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.