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Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MISUNG MOOLSAN CO., LTD. |
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Registered Office : |
48, Yutongdanji 1-ro 58beon-gil, Gangseo-gu, |
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Country : |
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Date of Incorporation : |
04.11.1994 |
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Com. Reg. No.: |
606-81-55210 |
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|
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales of Chemicals of Inorganic Chemicals,
Food Additives, Cosmetics Materials, Dyes, Paint, Ink, Rubber, Plastic
Materials, Warehousing Services, Transportation Services |
|
|
|
|
No. of Employees : |
6 |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
MISUNG MOOLSAN CO., LTD. (Korean Company Name : “미성종합물산(주)”) |
|
Registered Address |
48,
Yutongdanji 1-ro 58beon-gil, Gangseo-gu, Busan, Korea |
|
Building |
Rm.301, Busan Materials Industry Yutong |
|
Zip Code |
618-899 |
|
Tel |
+82-51-315-8753 |
|
Fax |
+82-51-315-8756 |
|
E-mail |
thislee@mwc.co.kr |
|
Website |
www.mschem.co.kr |
|
Trading Address |
Rm.301,
Busan Materials Industry Yutong, 48, Yutongdanji 1-ro 58beon-gil, Gangseo-gu,
Busan, Korea (Old Address
System : Rm.301, Busan Materials Industry Yutong 3136-2, Daejeo 2-dong,
Gangseo-gu, Busan, Korea) |
|
Tel |
+82-51-315-8753 |
|
Fax |
+82-51-315-8756 |
|
Type |
Export/Import |
|
Industry |
Wholesales of Chemicals |
|
Main Business |
Inorganic Chemicals, Food Additives,
Cosmetics Materials, Dyes, Paint, Ink, Rubber, Plastic Materials, Warehousing
Services, Transportation Services |
|
Established (mm/dd/yyyy) |
11/04/1994 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
CEO’s
|
Name |
Park Min-Ki |
|
Address |
Suite 102-204, 52, Chunghun-ro, Manan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Date of Birth |
03/21/1959 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
225,000,000 |
|
Employees |
6 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Citibank, Korea-Hakjang Dong Branch |
|
Corporate Registered No. |
1801110-167832 |
|
Business Registered No. |
606-81-55210 |
|
Permit & Licenses |
Int’l Trade No.: 12031764 |
|
Shareholder Position |
N/A |
|
Company History |
11/04/1994 Incorporated (*The initial
company name is not available.) 11/07/1994 Changed company name to the
present name 01/25/2005 Moved to 3FL., 123-49, Gamjeon-dong, Sasang-gu, Busan, Korea from 651-1, Eomgung-dong, Sasang-gu, Busan, Korea 08/22/2008 Increased the authorized shares
to 2,000,000 shares from 300,000 shares 05/16/2013 Moved to the present HQ address
from 3FL., 123-49, Gamjeon-dong, Sasang-gu,
Busan, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Min-Ki |
Male |
Korean |
03/21/1959 |
|
Director |
Mr. |
Kim Jung-Man |
Male |
Korean |
08/20/2012 |
|
Auditor |
Mr. |
Sohn Eung-Joo |
Male |
Korean |
08/21/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
|
|
2008 |
10,479,000,000 |
5,387,000,000 |
673,000,000 |
|
2007 |
8,064,000,000 |
4,762,000,000 |
409,000,000 |
|
2006 |
7,261,000,000 |
3,055,000,000 |
286,000,000 |
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) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
225,000,000 |
|
Total Issued Shares |
45,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
Chemicals |
Trade Partners
& Competitors
|
Competitors |
HAN KYUNG CHEMICAL CO., LTD. 25B-10L, NAMDONG INDUSTRIAL COMPLEX, 446-9,
NONHYEON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-818-0146 FAX:+82-32-819-7298 SBI CORPORATION RM. 204, 418-3, SINDORIM-DONG, GURO-GU,
SEOUL, KOREA TEL:+82-2-2633-2585 FAX:+82-2-2633-2596 KUKJAE CHEMICAL CO., LTD. 36-3, SEGOK-RI, BONGDAM-EUP, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-227-0672 FAX:+82-31-298-0671 |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
MISUNG TRADING CO., LTD.(134111-0025929) |
Sales by Region (Activity & Markets)
The Subject imports
from Malaysia and China.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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.