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Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
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Name : |
CANKO MARKETING INC. |
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Registered Office : |
1700, Dongil-ro, Nowon-gu, Seoul, Korea Rm.1512, Tomato Parco |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
10.04.2008 |
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Com. Reg. No.: |
127-86-10001 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
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No. of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
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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. 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 |
CANKO MARKETING INC. (Korean Company Name : “(주)캔코마케팅”) |
|
Registered
Address |
1700, Dongil-ro,
Nowon-gu, Seoul, Korea |
|
Building |
Rm.1512, Tomato Parco |
|
Zip Code |
139-838 |
|
Tel |
+82-31-821-8774~5 |
|
Fax |
+82-31-821-8776 |
|
E-mail |
cankoinc@yahoo.co.kr;k4eyongj@naver.com |
|
Website |
www.cankoinc.co.kr |
|
Trading Address |
Rm. 1512, Tomato Parco, 1700, Dongil-ro, Nowon-gu, Seoul, Korea (Old Address System : Rm. 1512, Tomato Parco, 1267, Sanggye 1-dong, Nowon-gu, Seoul, , Korea) |
|
Tel |
+82-2-6315-0051 |
|
Fax |
+82-2-6315-0052 |
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Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesale of Other Chemical Materials and Chemical
Products |
|
Main Business |
Chemicals, Dyestuff |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
04/10/2008 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Phthalein dyes(12171502) |
|
Sell |
Dyes(12171500) |
|
Sell |
Ink and lead refills(44121900) |
|
Sell |
Reactive Dyestuffs |
|
Sell |
Dyes(12171500) |
CEO’s
|
Name |
Kwon Ki-Hong(David) |
|
Address |
Suite
504-1202, 16, Dongil-ro 248-gil, Nowon-gu, Seoul, Korea |
|
Date of Birth |
08/14/1962 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
250,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Industrial
Bank of Korea-Deokgye Branch Nonghyup Bank |
|
Corporate Registered
No. |
280111-0086966 |
|
Business
Registered No. |
127-86-10001 |
|
Permit &
Licenses |
Int’l Trade No.: 45301957 |
|
Shareholder
Position |
N/A |
|
Company
History |
04/10/2008
Incorporated as the present name 12/31/2009 Increased
capital to 250,000,000 KRW from 100,000,000 KRW 02/15/2012 Moved to Rm. 623, Tomato Parco, 1267, Sanggye 1-dong, Nowon-gu, Seoul, , Korea from Rm. 614, Central Tower, 494, Uijeongbu 2-dong, Uijeongbu-si, Gyeonggi-do, Korea 03/27/2013 Moved to the present HQ address from Rm. 623, Tomato Parco, 1267, Sanggye 1-dong, Nowon-gu, Seoul, , Korea |
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|
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Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative Director |
Mr. |
Kwon Ki-Hong (David) |
Male |
Korean |
04/10/2008 |
Financials
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
9,439,976,000 |
2,503,368,000 |
142,602,000 |
|
|
2011 |
5,723,417,000 |
1,253,990,000 |
53,319,000 |
|
2010 |
9,083,000,000 |
1,413,000,000 |
84,000,000 |
|
2009 |
6,000,000,000 |
|
|
|
2008 |
3,102,000,000 |
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Financial Description
|
Authorized
Capital(KRW) |
400,000,000 |
|
Paid-Up
Capital(KRW) |
250,000,000 |
|
Total Issues
Shares |
25,000 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Total Assets |
2,503,368,000 |
1,253,990,000 |
1,413,000,000 |
|
Current Assets |
2,312,860,000 |
1,022,049,000 |
988,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
190,508,000 |
231,941,000 |
425,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total
Liabilities |
1,921,100,000 |
814,323,000 |
1,026,000,000 |
|
Current
Liabilities |
1,921,100,000 |
814,323,000 |
1,026,000,000 |
|
Fixed
Liabilities |
- |
- |
- |
|
Capital Stock |
250,000,000 |
250,000,000 |
250,000,000 |
|
Capital
Surplus |
- |
- |
- |
|
Profit Surplus |
332,268,000 |
190,510,000 |
138,000,000 |
|
Capital
Adjustment |
- |
-843,000 |
-1,000,000 |
|
Total Equity |
582,268,000 |
439,667,000 |
387,000,000 |
|
Liab. &
Shareholder’s Equity |
2,503,368,000 |
1,253,990,000 |
1,413,000,000 |
|
Income Statement |
|||
|
Unit : Korean
Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Sales |
9,439,976,000 |
5,723,417,000 |
9,083,000,000 |
|
Cost of Sold
Goods |
8,498,203,000 |
5,132,001,000 |
8,353,000,000 |
|
Gross Profit |
941,773,000 |
591,416,000 |
730,000,000 |
|
Selling &
Admin. Expenses |
816,356,000 |
525,251,000 |
698,000,000 |
|
Operating
Income |
125,417,000 |
66,165,000 |
32,000,000 |
|
Non-Operating
Income |
112,523,000 |
158,689,000 |
178,000,000 |
|
Non-Operating
Expenses |
91,838,000 |
154,702,000 |
116,000,000 |
|
Income Before
Taxes |
146,102,000 |
70,152,000 |
94,000,000 |
|
Income Taxes
Expenses |
3,500,000 |
16,833,000 |
10,000,000 |
|
Net Income |
142,602,000 |
53,319,000 |
84,000,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Acid Dyes,
Direct Dyes Auxiliaries
for Leather Chemicals for
The Leather Treatments Dyestuffs
& Chemicals Leather Dyes |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
JIN WOONG INDUSTRIAL
CO., LTD. 619-1, GANAP
-RI, GWANGJEOK-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-837-6005 FAX:+82-31-837-6006 NATO
CORPORATION LTD. 73, YONGAM-RI,
EUNHYEON-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-862-8181 FAX:+82-31-864-4294 RHEESOO DYES
& CHEMICALS CO., LTD. 6TH FL.,
YEONGSANG BLDG., 397-17, DAEBANG-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-825-8541 FAX:+82-2-824-4294 |
Sales by Region
(Activity & Markets)
The Subject
exports to India.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.13 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.