|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HUMADE CORPORATION |
|
|
|
|
Registered Office : |
331, Dongmak-ro, Mapo-gu, Seoul, Korea, Rm. 1810, Masters Tower Bldg., 121-748 |
|
|
|
|
Country : |
Korea (South) |
|
|
|
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Date of Incorporation : |
26.04.2004 |
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|
|
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Com. Reg. No.: |
105-86-66524 |
|
|
|
|
Legal Form : |
Co., Ltd., by shares |
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|
|
|
Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
|
|
|
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No. of Employees : |
9 |
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 |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
KOREA (SOUTH) - 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 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,
and heavy reliance on exports - which comprise about half of GDP.
|
Source
: CIA |
Basic
|
Company Name |
HUMADE
CORPORATION |
|
Registered Address |
331, Dongmak-ro, Mapo-gu, Seoul, Korea |
|
Building |
Rm. 1810, Masters Tower Bldg. |
|
Zip Code |
121-748 |
|
Tel |
+82-2-3275-5155~8 |
|
Fax |
+82-2-3275-5157 |
|
E-mail |
kimch@humade.co.kr;dgkang@humade.co.kr |
|
Website |
www.humade.co.kr |
|
Trading Address |
Rm. 1810, Masters Tower Bldg., 331, Dongmak-ro, Mapo-gu, Seoul, Korea (Old Address System : Rm. 1810, Masters Tower Bldg., 553, Dohwa
1-dong, Mapo-gu, Seoul, Korea) |
|
Tel |
+82-2-3275-5155~8 |
|
Fax |
+82-2-3275-5157 |
|
Type |
Import/Export |
|
Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
|
Main
Business |
Synthetic Rubber, Compound Resin, FA Materials |
|
Established (mm/dd/yyyy) |
04/26/2004 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Rubber compound(13101607) |
|
Sell |
Processed and synthetic rubber(13101600) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
CEO’s
|
Name |
Kim Cheol-Ho |
|
Address |
Suite 103-303, 75, Nohae-ro 63-gil,
Dobong-gu, Seoul, Korea |
|
Date of Birth |
04/07/1964 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
200,000,000 |
|
Employees |
9 |
|
Formation |
Co., Ltd., by shares |
|
Bank Details |
Shinhan Bank Nonghyup Bank-Gwangyang Branch Korea Exchange Bank |
|
Corporate Registered No. |
110111-3000538 |
|
Business Registered No. |
105-86-66524 |
|
Permit & Licenses |
Int’l Trade No.: 45160541 |
|
Shareholder Position |
N/A |
|
Company History |
04/26/2004 Incorporated as the present name 12/28/2005 Increased capital to 100,000,000KRW from 50,000,000 KRW 08/20/2007 Moved to the present HQ address from Rm. 1505, Masters
Tower Bldg., 553, Dohwa 1-dong, Mapo-gu, Seoul, Korea 08/05/2008 Increased the authorized shares to 200,000 shares from
40,000 shares 08/13/2008 Increased capital to 200,000,000 KRW from 100,000,000 KRW 08/12/2010 Moved to the present HQ address from Rm. 2310, Masters
Tower Bldg., 553, Dohwa 1-dong, Mapo-gu, Seoul, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Cheol-Ho |
Male |
Korean |
04/26/2004 |
|
Director |
Mr. |
Kang Dong-Gu |
Male |
Korean |
04/26/2004 |
|
Auditor |
M/S |
Kim Jeong-Sook |
Female |
Korean |
04/26/2004 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2009 |
38,510,020,000 |
|
284,020,000 |
|
2008 |
45,357,880,000 |
3,740,000,000 |
356,790,000 |
|
2007 |
42,568,230,000 |
3,263,000,000 |
212,000,000 |
|
2006 |
24,801,990,000 |
2,386,000,000 |
73,000,000 |
|
2005 |
15,218,000,000 |
1,007,000,000 |
54,000,000 |
|
2004 |
9,700,000,000 |
|
|
The full financials are not available, and
the Subject Company does not have any obligations to release its financials to
the public.
Financial
Description
|
Authorized Capital(KRW) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issued Shares |
40,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
Synthetic Rubber, Compound Resin |
Trade Partners
& Competitors
|
Customers |
OCI CO., LTD.(174611-0000981) YONGSAN CHEMICALS, INC.(110111-0145709) KOREA KUMHO PETRO CHEMICAL CO., LTD.(110111-0205975) |
|
Competitors |
HEARTYCHEM CORP. RM. 1806, KOREA TRADE TOWER, 159-1,
SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-6000-0886 FAX:+82-2-6000-0888 DYM CO., LTD. 624-2, EOPSEONG-DONG, SEOBUK-GU,
CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-621-6250 FAX:+82-41-621-8420 JUNGWOO TRADING CO., LTD. 869-11, EOGOK-DONG, YANGSAN-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-386-5003 FAX:+82-55-364-1778 |
Sales by Region
(Activity & Markets)
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.102.56 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.