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Report No. : |
315554 |
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Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
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Name : |
CANKO MARKETING INC. |
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Registered Office : |
26, Nohae-Ro 69-Gil, Dobong-Gu,
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
10.04.2008 |
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Com. Reg. No.: |
127-86-10001 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
|
Company
Name |
CANKO MARKETING
INC. |
|
Registered Address |
26, Nohae-ro
69-gil, Dobong-gu, Seoul, Korea |
|
Building |
Rm.901, Changdong Cityworld |
|
Zip Code |
132-899 |
|
Tel |
+82-31-821-8774~5 |
|
Fax |
+82-31-821-8776 |
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E-mail |
|
|
Website |
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Trading Address |
Rm.901, Changdong
Cityworld, 26, Nohae-ro 69-gil,
Dobong-gu, Seoul, Korea (Old Address System : Rm.901, Changdong Cityworld, 14, Chang
4-dong, Dobong-gu, Seoul, Korea) |
|
Tel |
+82-2-6315-0051 |
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Fax |
+82-2-6315-0052 |
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|
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|
Type |
Export/Import |
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Industry |
Wholesale of Other Chemical Materials and Chemical Products |
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Main Business |
Chemicals, Dyestuff, Phosphoric Acid, PVC, ABS, PP, PE |
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|
|
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Established (mm/dd/yyyy) |
04/10/2008 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Phthalein dyes(12171502) |
|
Sell |
Dyes(12171500) |
|
Sell |
Ink and lead refills(44121900) |
|
Sell |
Reactive Dyestuffs |
|
Sell |
Dyes(12171500) |
|
Name |
Kwon Ki-Hong(David) |
|
Address |
Suite 609, 29, Dongil-ro
203ga-gil, Nowon-gu, Seoul, Korea |
|
Date of Birth |
08/14/1962 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
250,000,000 |
|
Employees |
4 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Industrial Bank of Korea-Deokgye Branch Nonghyup Bank Shinhan Bank |
|
Corporate Registered No. |
280111-0086966 |
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Business Registered No. |
127-86-10001 |
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Permit & Licenses |
Int’l Trade No.: 45301957 |
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Shareholder Position |
N/A |
|
Company History |
04/10/2008 Incorporated as the present name 12/31/2009 Increased capital to 250,000,000
KRW from 100,000,000 KRW 10/2010 Awarded US$ 1 Million Export Top Prize 10/2011 Awarded US$ 5 Million Export Top Prize 02/15/2012 Moved to Rm. 623, Tomato Parco,
1267, Sanggye 1-dong, Nowon-gu,
Seoul, , Korea from Rm. 614, Central Tower, 494, Uijeongbu
2-dong, Uijeongbu-si, Gyeonggi-do,
Korea 03/27/2013 Moved to Rm. 1512, Tomato
Parco, 1267, Sanggye 1-dong, Nowon-gu,
Seoul, , Korea from Rm. 623, Tomato Parco, 1267, Sanggye
1-dong, Nowon-gu, Seoul, , Korea 10/2013 Awarded US$ 10 Million Export Top
Prize 08/29/2014 Moved to the present HQ address
from Rm. 1512, Tomato Parco, 1700, Dongil-ro, Nowon-gu, Seoul, Korea(Old Address System : Rm. 1512, Tomato
Parco, 1267, Sanggye 1-dong, Nowon-gu,
Seoul, , Korea) |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Kwon Ki-Hong (David) |
Male |
Korean |
04/10/2008 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2013 |
19,937,564,000 |
3,186,940,000 |
130,385,000 |
|
2012 |
9,439,976,000 |
2,503,368,000 |
142,602,000 |
|
2011 |
5,723,417,000 |
1,253,990,000 |
53,319,000 |
|
2010 |
9,083,000,000 |
1,413,000,000 |
84,000,000 |
|
2009 |
5,563,276,000 |
855,739,000 |
50,354,000 |
|
2008 |
2,183,115,000 |
458,359,000 |
4,732,000 |
The latest
financials are not available, and the Subject Company does not have any obligations
to release its financials to the public.
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
250,000,000 |
|
Total Issues Shares |
25,000 |
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Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
3,186,940,000 |
2,503,368,000 |
1,253,990,000 |
|
Current Assets |
|
2,312,860,000 |
1,022,049,000 |
|
-Quick Assets |
|
- |
- |
|
-Inventories |
|
- |
- |
|
Fixed Assets |
|
190,508,000 |
231,941,000 |
|
-Investment |
|
- |
- |
|
-Tangibles |
|
- |
- |
|
-Intangibles |
|
- |
- |
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Total Liabilities |
2,474,287,000 |
1,921,100,000 |
814,323,000 |
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Current Liabilities |
|
1,921,100,000 |
814,323,000 |
|
Fixed Liabilities |
|
- |
- |
|
Capital Stock |
250,000,000 |
250,000,000 |
250,000,000 |
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Capital Surplus |
|
- |
- |
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Profit Surplus |
|
332,268,000 |
190,510,000 |
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Capital Adjustment |
|
- |
-843,000 |
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Total Equity |
712,653,000 |
582,268,000 |
439,667,000 |
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Liab. & Shareholder’s Equity |
3,186,940,000 |
2,503,368,000 |
1,253,990,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
19,937,564,000 |
9,439,976,000 |
5,723,417,000 |
|
Cost of Sold Goods |
|
8,498,203,000 |
5,132,001,000 |
|
Gross Profit |
|
941,773,000 |
591,416,000 |
|
Selling & Admin. Expenses |
|
816,356,000 |
525,251,000 |
|
Operating Income |
91,681,000 |
125,417,000 |
66,165,000 |
|
Non-Operating Income |
|
112,523,000 |
158,689,000 |
|
Non-Operating Expenses |
|
91,838,000 |
154,702,000 |
|
Income Before Taxes |
|
146,102,000 |
70,152,000 |
|
Income Taxes Expenses |
|
3,500,000 |
16,833,000 |
|
Net Income |
130,385,000 |
142,602,000 |
53,319,000 |
|
Main Products & Services |
Acid Dyes, Direct Dyes Auxiliaries for Leather Chemicals for The Leather Treatments Dyestuffs & Chemicals Leather Dyes |
|
Competitors |
JIN WOONG INDUSTRIAL CO., LTD. 619-1, GANAP
-RI, GWANGJEOK-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-837-6005 FAX:+82-31-837-6006 NATO
CORPORATION LTD. 73,
YONGAM-RI, EUNHYEON-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-862-8181 FAX:+82-31-864-4294 RHEESOO DYES
& CHEMICALS CO., LTD. 6TH FL.,
YEONGSANG BLDG., 397-17, DAEBANG-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-825-8541 FAX:+82-2-824-4294 |
The Subject exports
to India, Malaysia and Pakistan.
Not Available.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.