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Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
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Name : |
BE MAX TRADING
CO., LTD. |
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Registered Office : |
30, Saemunan-ro 3-gil,
Jongno-gu, Seoul, Korea Rm.707, Sejongro Daewoo Bldg., Zip code 110-070 |
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Country : |
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Date of Incorporation : |
23.03.2000 |
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Com. Reg. No.: |
101-81-55791 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesaler of
Synthetic Rubber and Plastics Materials |
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No. of Employees |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 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 |
BE MAX TRADING
CO., LTD. (Korean Company
Name : “비멕스트레이딩(주)”) |
|
Registered Address |
30, Saemunan-ro 3-gil,
Jongno-gu, Seoul, Korea |
|
Building |
Rm.707, Sejongro
Daewoo Bldg. |
|
Zip Code |
110-070 |
|
Tel |
+82-2-738-0558 |
|
Fax |
+82-2-738-0559 |
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E-mail |
|
|
Website |
|
|
Trading Address |
Rm.707, Sejongro
Daewoo Bldg., 30, Saemunan-ro 3-gil, Jongno-gu, Seoul, Korea (Old Address
System : Rm.707, Sejongro Daewoo Bldg., 167, Naesu-dong,
Jongno-gu, Seoul, Korea) |
|
Tel |
+82-2-738-0558 |
|
Fax |
+82-2-738-0559 |
|
Type |
Import/Export |
|
Industry |
Wholesaler of
Synthetic Rubber and Plastics Materials |
|
Main Business |
Synthetic Resin |
|
Established (mm/dd/yyyy) |
03/23/2000 |
The Subject Company occupies the premises of registered HQ address by
leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic
resins(13111059) |
CEO’s
|
Name |
Ko Jae-Yong |
|
Address |
Suite 2-702, 151, Samseong-ro, Gangnam-gu, Seoul, Korea |
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Date of Birth |
02/10/1948 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank-Kwanghwamun Branch Hana Bank |
|
Corporate Registered No. |
110111-1917066 |
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Business Registered No. |
101-81-55791 |
|
Permit & Licenses |
Int’l Trade No.:
11783909 |
|
Shareholder Position |
N/A |
|
Company History |
03/23/2000 Incorporated as the present name 03/10/2010 Moved to Rm.
2001, Gwanghwamun Officia, 163, Sinmunno 1-ga, Jongno-gu, Seoul, Korea from Rm. 912, Doryeom Bldg., 60, Doryeom-dong,
Jongno-gu, Seoul, Korea 03/31/2011 Moved
to the present HQ address from Rm. 2001, Gwanghwamun Officia, 163, Sinmunno
1-ga, Jongno-gu, Seoul, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President &
CEO |
Mr. |
Ko Jae-Yong |
Male |
Korean |
03/23/2000 |
|
Director |
M/S. |
Kim Yeon-Joo |
Female |
Korean |
03/23/2000 |
|
Auditor |
Mr. |
Kim Jung-Sik |
Male |
Korean |
03/23/2000 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2006 |
35,996,000,000 |
2,262,000,000 |
129,000,000 |
|
2005 |
|
|
|
|
2004 |
31,335,000,000 |
863,000,000 |
90,000,000 |
|
2003 |
26,831,000,000 |
1,937,000,000 |
74,000,000 |
The latest & full financials are not available, and the Subject Company
does not have any obligations to release its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
Products, Technologies, Services Description
|
Main Products & Services |
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 |
(Activity & Markets)
The Subject exports to China, Taiwan, Hong Kong, Lebanon, Vietnam and
Syria.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.100.83 |
|
Euro |
1 |
Rs.82.22 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.