|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MS COMPANY |
|
|
|
|
Registered Office : |
Da-Dong, 330-4, Majeon-ri, Gasan-myeon, Pocheon-si,
Gyeonggi-do, Korea 487-815 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
11.11.2003 |
|
|
|
|
Com. Reg. No.: |
132-16-36335 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacture of Plastic Laminating, Coating and Other Surface
Processing Products |
|
|
|
|
No. of Employees |
3 |
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 |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – March 31st, 2014
|
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. 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.
|
Source
: CIA |
Basic
|
Company Name |
MS COMPANY |
|
Registered Address |
Da-Dong, 330-4, Majeon-ri, Gasan-myeon, Pocheon-si,
Gyeonggi-do, Korea |
|
Zip Code |
487-815 |
|
Tel |
+82-31-544-2720 |
|
Fax |
+82-31-544-2730 |
|
Trading Address |
Da-Dong, 330-4, Majeon-ri, Gasan-myeon, Pocheon-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-544-2720 |
|
Fax |
+82-31-544-2730 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Plastic Laminating, Coating and Other Surface
Processing Products |
|
Main Business |
Protective Film, Adhesive Tapes, Stationery |
|
Established (mm/dd/yyyy) |
11/11/2003 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Tape(31201500) |
|
Sell |
Polyethylene films(13111201) |
|
Sell |
Other adhesives and sealants(31201600) |
|
Sell |
Additives(12160000) |
|
Name |
Lee Min-Se |
|
Date of Birth |
01/19/1971 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to the Sole Proprietorship |
|
Employees |
3 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
132-16-36335 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
11/11/2003 Established as the present name |
It is not clear
whether 31-24, Junggok-dong, Gwangjin-gu, Seoul, Korea was the
old address of the subject company. So we submit the report based on the
company name. There is a company called as MS Global Sourcing Co., Ltd., (110111-5065176
/ CEO : Mr. Park Mun-Sung) at Rm.307, 44, Achasan-ro 78-gil,
Gwangjin-gu, Seoul, Korea.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Lee Min-Se |
Male |
Korean |
11/11/2003 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
1,129,000,000 |
218,000,000 |
30,000,000 |
|
2008 |
755,000,000 |
136,000,000 |
23,000,000 |
The latest & full 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 Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Total Issues Shares |
Not Applicable to the Sole Proprietorship |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
218,000,000 |
136,000,000 |
|
Current Assets |
|
130,000,000 |
120,000,000 |
|
-Quick Assets |
|
- |
- |
|
-Inventories |
|
- |
- |
|
Fixed Assets |
|
88,000,000 |
16,000,000 |
|
-Investment |
|
- |
- |
|
-Tangibles |
|
- |
- |
|
-Intangibles |
|
- |
- |
|
Total Liabilities |
|
108,000,000 |
75,000,000 |
|
Current Liabilities |
|
108,000,000 |
75,000,000 |
|
Fixed Liabilities |
|
- |
- |
|
Capital Stock |
|
110,000,000 |
61,000,000 |
|
Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
- |
- |
|
Capital Adjustment |
|
- |
- |
|
Total Equity |
|
110,000,000 |
61,000,000 |
|
Liab. & Shareholder’s Equity |
|
218,000,000 |
136,000,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
1,129,000,000 |
755,000,000 |
|
Cost of Sold Goods |
|
1,046,000,000 |
710,000,000 |
|
Gross Profit |
|
83,000,000 |
45,000,000 |
|
Selling & Admin. Expenses |
|
52,000,000 |
22,000,000 |
|
Operating Income |
|
31,000,000 |
23,000,000 |
|
Non-Operating Income |
|
- |
- |
|
Non-Operating Expenses |
|
1,000,000 |
- |
|
Income Before Taxes |
|
30,000,000 |
23,000,000 |
|
Income Taxes Expenses |
|
- |
- |
|
Net Income |
|
30,000,000 |
23,000,000 |
|
Main Products & Services |
Protective Film, Adhesive Tapes, Stationery |
|
Competitors |
NANO CHEM TECH, INC. 482-2, CHANG-RI, NAMSA-MYEON, CHEOIN-GU,
YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-323-4516 FAX:+82-31-323-4524 KNW CO., LTD. 5-1B, MUNSAN HIGH TECH INDUSTRIAL COMPLEX,
SEONYU-RI, MUNSAN-EUP, PAJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-950-0200 FAX:+82-31-950-0243 UPC CO., LTD. 61-20, GAMGOK-RI, BUJEOK-MYEON, NONSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-733-3208 FAX:+82-41-733-6774 |
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
UK Pound |
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.