|
Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
INTERM CORP. |
|
|
|
|
Registered Office : |
19, Yeongdeungpo-ro 5-gil, Yeongdeungpo-gu, Seoul, Korea |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.12.2006 |
|
|
|
|
Com. Reg. No.: |
105-87-04199 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
|
|
|
|
No. of Employees : |
5 |
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 |
|
Payment Behaviour : |
No complaints |
|
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) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
KOREA (SOUTH) - ECONOMIC OVERVIEW
South Korea over the past four
decades has demonstrated inc redible
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 |
INTERM CORP. |
|
Registered Address |
19, Yeongdeungpo-ro 5-gil, Yeongdeungpo-gu, Seoul, Korea |
|
Building |
Rm. B108, Dong-a Prime Valley |
|
Zip Code |
150-102 |
|
Tel |
+82-2-701-9930 |
|
Fax |
+82-2-701-9932 |
|
E-mail |
jaylim@chol.com |
|
Trading Address |
Rm. B108, Dong-a Prime Valley, 19, Yeongdeungpo-ro 5-gil,
Yeongdeungpo-gu, Seoul, Korea (Old Address System : Rm. B108, Dong-a Prime Valley, 37-1, Yangpyeongdong
2-ga, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
+82-2-701-9930 |
|
Fax |
+82-2-701-9932 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Chemicals, Formic Acid, Hydrogen Peroxide, Toys |
|
Sub Business |
|
|
Established (mm/dd/yyyy) |
12/20/2006 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Organic peroxides(12352120) |
CEO’s
|
Name |
Lim Joon-Ho |
|
Address |
Suite 101-1302, 503-23, Achasan-ro,
Gwangjin-gu, Seoul, Korea |
|
Date of Birth |
04/19/1966 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
70,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Kookmin Bank Woori Bank |
|
Corporate Registered No. |
110111-3583500 |
|
Business Registered No. |
105-87-04199 |
|
Permit & Licenses |
Int’l Trade No.: 30517473 |
|
Shareholder Position |
N/A |
|
Company History |
12/20/2006 Incorporated as the present name 09/23/2009 Increased capital to 70,000,000
KRW from 210,000,000 KRW 12/08/2010 Moved to the present HQ address from
13/14, Yangpyeong-dong 3-ga, Yeongdeungpo-gu, Seoul, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Lim Joon-Ho |
Male |
Korean |
11/27/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2012 |
2,586,000,000 |
1,825,000,000 |
361,000,000 |
|
2011 |
2,612,000,000 |
1,051,000,000 |
331,000,000 |
|
2010 |
2,371,000,000 |
808,000,000 |
127,000,000 |
|
2009 |
|
|
|
|
2008 |
2,703,000,000 |
783,000,000 |
196,000,000 |
The latest 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) |
840,000,000 |
|
Paid-Up Capital(KRW) |
70,000,000 |
|
Total Issued Shares |
14,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
1,825,000,000 |
1,051,000,000 |
808,000,000 |
|
Current Assets |
1,124,000,000 |
980,000,000 |
738,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
701,000,000 |
71,000,000 |
70,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
608,000,000 |
195,000,000 |
203,000,000 |
|
Current Liabilities |
608,000,000 |
195,000,000 |
203,000,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
70,000,000 |
70,000,000 |
70,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
1,217,000,000 |
856,000,000 |
605,000,000 |
|
Liab. & Shareholder’s Equity |
1,825,000,000 |
1,051,000,000 |
808,000,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
2,586,000,000 |
2,612,000,000 |
2,371,000,000 |
|
Cost of Sold Goods |
1,661,000,000 |
1,715,000,000 |
1,860,000,000 |
|
Gross Profit |
925,000,000 |
897,000,000 |
511,000,000 |
|
Selling & Admin. Expenses |
465,000,000 |
518,000,000 |
432,000,000 |
|
Operating Income |
460,000,000 |
379,000,000 |
79,000,000 |
|
Non-Operating Income |
20,000,000 |
37,000,000 |
94,000,000 |
|
Non-Operating Expenses |
54,000,000 |
22,000,000 |
29,000,000 |
|
Income Before Taxes |
426,000,000 |
393,000,000 |
144,000,000 |
|
Income Taxes Expenses |
65,000,000 |
62,000,000 |
17,000,000 |
|
Net Income |
361,000,000 |
331,000,000 |
127,000,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
Chemicals, Formic Acid, Hydrogen Peroxide, Toys |
Trade Partners
& Competitors
|
Competitors |
DEERFOS CO., LTD. 290, GAJWA 4-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-580-4100 FAX:+82-32-580-4199 PACO CORPORATION 345-1, WOLSONG-RI, YEOJU-EUP, YEOJU-GUN,
GYEONGGI-DO, KOREA TEL:+82-31-885-6573 FAX:+82-31-885-6574 VALEO PYEONG HWA INTERNATIONAL LTD. RM. 902, HANARO BLDG., 194-4, INSA-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-734-3730 FAX:+82-2-736-7487 |
Sales by Region
(Activity & Markets)
The Subject deals with the companies in
Russia, Vietnam, India, China and Pakistan.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.85.23 |
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.