MIRA INFORM REPORT

 

 

Report No. :

349837

Report Date :

17.11.2015

 

IDENTIFICATION DETAILS

 

Name :

NAMU CORP

 

 

Registered Office :

318, Nonhyeon-Ro, Gangnam-Gu, Seoul, 2FL., Medi Bldg., Korea 06228

 

 

Country :

South Korea

 

 

Date of Incorporation :

18.02.2003

 

 

Com. Reg. No.:

211-87-28671

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Consulting Services, M&A & Investment Advisory Services, Finance Advisory Services, R&D Services on Economy and Capital Market, Periodicals and Report Publication, Sales of Art, PEF.

 

 

No. of Employees :

Not Available

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

 

SOUTH KOREA - ECONOMIC OVERVIEW

 

South Korea over the past four decades has demonstrated incredible economic 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. A system of close government and business ties, including directed credit and import restrictions, initially 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 7% 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 over 6% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy experienced slow growth due to sluggish domestic consumption and investment. The administration in 2015 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 the heavy reliance on exports, which comprise about half of GDP. In an effort to address the long term challenges and sustain economic growth, the current government has prioritized structural reforms, deregulation, promotion of entrepreneurship and creative industries, and the competitiveness of small and medium enterprises.

 

Source : CIA

 

 

 

 

Basic Information

 

Company Name

NAMU CORP

Registered Address

318, Nonhyeon-ro, Gangnam-gu, Seoul, Korea

Building

2FL., Medi Bldg.

Zip Code

06228

Tel

+82-2-727-2928

Fax

+82-2-727-2902

E-mail

 

Website

 

 

 

Trading Address

2FL., Medi Bldg.,318, Nonhyeon-ro, Gangnam-gu, Seoul, Korea

(Old Address System: 2FL., Medi Bldg.,776-12, Yeoksam 2-dong, Gangnam-gu, Seoul, Korea)

Tel

+82-2-727-2928

Fax

+82-2-727-2902

 

 

Type

Services

Industry

Consulting Services

  Main Business

Consulting Services, M&A & Investment Advisory Services, Finance Advisory Services, R&D Services on Economy and Capital Market, Periodicals and Report Publication, Sales of Art, PEF

  Sub Business

 

Established (mm/dd/yyyy)

02/18/2003

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Consulting Services

Sell

M&A & Investment Advisory Services

Sell

Finance Advisory Services

Sell

R&D Services on Economy and Capital Market

 

 

CEO’s

 

Name

Min Yu-Sung

Address

Suite 4604, 2803, Nambusunhwan-ro, Gangnam-gu, Seoul, Korea

Date of Birth

03/15/1954

Title

Chairman & CEO

Sex

Male

Nationality

Korean

 

Mr. Min Yu-Sung has worked for the president of KOREA DEVELOPMENT BANK(110135-0000937).

 

 

Profiles

 

Capital (KRW)

1,500,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-2718405

Business Registered No.

211-87-28671

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

02/18/2003 Incorporated as Touch Stone Life Co., Ltd.

04/04/2003 Changed company name to WHITE WALL CO., LTD.

06/18/2006 Increased the authorized shares to 400,000 shares from 40,000 shares

07/03/2013 Changed company name to the present name

08/12/2013 Moved to the present HQ address from 152, Teheran-ro, Gangnam-gu, Seoul, Korea

07/28/2015 Increased capital to 1,500,000,000 KRW from 58,480,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Chairman & CEO

Mr.

Min Yu-Sung

Male

Korean

06/01/2013

Director

Mr.

Koo Se-Hoon

Male

Korean

05/06/2015

Director

Mr.

Kim Hee-Bong

Male

Korean

05/06/2015

Director

Mr.

Ahn Hyung-Duck

Male

Korean

07/28/2015

Auditor

Mr.

Kim Soo-Chang

Male

Korean

11/04/2013

 

 

Financials

 

The 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)

2,000,000,000

Paid-Up Capital(KRW)

1,500,000,000

Total Issued Shares

300,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Consulting Services, M&A & Investment Advisory Services, Finance Advisory Services, R&D Services on Economy and Capital Market, Periodicals and Report Publication, Sales of Art, PEF

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

CHOCOLATE PARTNERS CO., LTD.

11, JEUNGGA-RO 8-GIL, SEODAEMUN-GU, SEOUL, KOREA

 

CL (CENTURY LEADING) MANAGEMENT LIMITED

RM.1702, DOCIEBIT, 1328-7, SEOCHO-DONG, SEOCHO-GU, SEOUL, KOREA

 

ENERGY INNOVATION PARTNER'S INC.

RM.601, 6FL, TWO IFC, 10, GUKJEGEUMYUNG-RO, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-784-5333  FAX:+82-2-784-5339

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

------------

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.17

UK Pound

1

Rs.100.66

Euro

1

Rs.70.97

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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%)

 

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