|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
DYSTAR KOREA LTD. |
|
|
|
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Registered Office : |
756-1, Gojan-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea, 2FL., Jinhwa Bldg., Zip Code 425-809 |
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Country : |
South Korea |
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Date of Incorporation : |
08.06.1995 |
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|
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Com. Reg. No.: |
120-81-51189 |
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Legal Form : |
Limited Responsibility Company |
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|
|
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Line of Business : |
Wholesaler of Synthetic
Colouring Matter, Tanning Materials and Other Coloring Agents |
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|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
|
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
DYSTAR KOREA LTD. (Korean Company Name : “다이스타코리아(유)”) |
|
Registered Address |
756-1, Gojan-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Building |
2FL.,
Jinhwa Bldg. |
|
Zip Code |
425-809 |
|
Tel |
+82-2-3452-7878 |
|
Fax |
+82-2-3453-3211 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
2FL., Jinhwa Bldg., 756-1, Gojan-dong, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea |
|
Tel |
+82-2-3452-7878 |
|
Fax |
+82-2-3453-3211 |
|
Other
Address |
4FL., 404-2, Pyeongni 6-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-356-9803 |
|
Type |
Export/Import |
|
Industry |
Wholesales of Synthetic
Colouring Matter, Tanning Materials and Other Coloring Agents |
|
Main Business |
Dyes, Dyestuff, Auxiliaries |
|
Established (mm/dd/yyyy) |
06/08/1995 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dyes(12171500) |
|
Sell |
Tanning products(31221600) |
|
Name |
Allin Shu |
|
Address |
#03-21, Buket Tama Road, 929, Singapore
589642 |
|
Date of Birth |
09/19/1965 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Australian |
|
Capital (KRW) |
760,000,000 |
|
Employees |
25 |
|
Formation |
Limited
Responsibility Company |
|
Bank Details |
Korea Exchange Bank-Seolleung Station Branch 141-35, Samseong-dong, Gangnam-gu, Seoul,
Korea TEL:+82-2-3429-0126 FAX:+82-2-3429-0141 Citibank, Korea |
|
Corporate Registered No. |
110114-0051025 |
|
Business Registered No. |
120-81-51189 |
|
Permit & Licenses |
Int’l
Trade No.: 11255529 |
|
Shareholder Position |
KIRI DYES & CHEMICALS LTD (KDCL, INDIA)
is one of major shareholders. |
|
Company History |
06/08/1995
Incorporated as DYSTAR KOREA CO., LTD. 11/08/2004 Incorporated as the present name
after transferring the company type to Limited Responsibility Company from
Co., Ltd type of company 07/20/2010 Moved to the present HQ address
from 10FL., DongShin Bldg., 141-28, Samseong-dong,
Gangnam-gu, Seoul, Korea |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Allin Shu |
Male |
Australian |
03/31/2012 |
|
Director |
Mr. |
Sureshi Kumar Gondallia |
Male |
Indian |
03/31/2010 |
|
Director |
Mr. |
Shank Bipatel |
Male |
Indian |
03/31/2010 |
|
Director |
Mr. |
Chang Shung |
Male |
Chinese |
03/31/2010 |
|
Director |
Mr. |
Lur Bin |
Male |
Chinese |
03/31/2010 |
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
|
Authorized Capital(KRW) |
Not
Applicable to the Limited Responsibility Company |
|
Paid-Up Capital(KRW) |
760,000,000 |
|
Total Issues Shares |
Not
Applicable to the Limited Responsibility Company |
|
Main Products & Services |
Dyes Auxiliaries Brand Name : Dianix |
|
Suppliers |
DYSTAR JAPAN LTD.(JAPAN) DYSTAR TEXTILFARBEN GMBH |
|
Competitors |
KONGYOUNG CHEMICAL CO., LTD. 6BA-501, SIHWA INDUSTRIAL COMPLEX, 683,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-492-1831~3 FAX:+82-31-492-1838 CIBA SPECIALTY CHEMICALS KOREA LTD. 13TH FL., HAESEONG 2 BLDG., 942-10, DAECHI
3-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3451-7300 FAX:+82-2-553-1928 DKC CORPORATION CO., LTD. 123B-3L, NAMDONG INDUSTRIAL COMPLEX, 693-2,
GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-817-9100~4 FAX:+82-32-817-9105 |
(Activity & Markets)
The Subject imports
from Japan.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
UK Pound |
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.