MIRA INFORM REPORT

Report Date :

03.01.2014

IDENTIFICATION DETAILS

Name :	CNB CORPORATION

Registered Office :	Rm. 606, Baekdu Bldg. 1140-3, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea 435-040

Country :	South Korea

Date of Incorporation :	03.05.2012

Legal Form :	Co., Ltd by Shares

Line of Business :	Wholesale of Other Chemical Materials and Chemical Products

No. of Employees :	3

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 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

South Korea

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 currently is among the world's 20 largest economies. 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. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. 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 Information

Company Name	CNB CORPORATION (Korean Company Name : “(주)씨앤비”)
Registered Address	1140-3, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea
Building	Rm. 606, Baekdu Bldg.
Zip Code	435-040
Tel	+82-31-398-6622
Fax	+82-31-398-6676
Trading Address	Rm. 606, Baekdu Bldg., 1140-3, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea (New Address System : Rm.606, 26-6, Sanbon-ro 323beon-gil, Gunpo-si, Gyeonggi-do, Korea)
Tel	+82-31-398-6622
Fax	+82-31-398-6676
Type	Export
Industry	Wholesale of Other Chemical Materials and Chemical Products
Main Business	Machinery, Chemicals, Synthetic Resin
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 625-1101, 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

Financials

Year / Unit : KRW	Sales	Assets	Net Income
2012

Financial Description

Authorized Capital(KRW)	800,000,000
Paid-Up Capital(KRW)	200,000,000
Total Issued Shares	40,000

Products, Technologies, Services Description

Main Products & Services

Machinery, Chemicals, Synthetic Resin

Trade Partners & Competitors

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

Sales by Region

(Activity & Markets)

The Subject exports to Jordan and Indonesia.

Court Action

Not Available.

News Clipping

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.90
UK Pound	1	Rs.102.74
Euro	1	Rs.85.16

INFORMATION DETAILS

Report Prepared by :

NIS

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