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Report No. : |
351900 |
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Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
RIMEX CO., LTD. |
|
|
|
|
Registered Office : |
397, Seocho-daero, Seocho-gu, Seoul, Rm.
2408, Boutique Monaco, Korea 06616 |
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|
|
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Country : |
South
Korea |
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|
|
|
Financials (as on) : |
31.12.2014 |
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|
|
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Date of Incorporation : |
19.04.2011 |
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Com. Reg. No.: |
220-88-16991 |
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|
|
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Legal Form : |
Co., Ltd by Shares |
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|
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products. |
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|
|
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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 |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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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, 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 |
|
Company Name |
RIMEX CO., LTD. |
|
Registered Address |
397, Seocho-daero, Seocho-gu, Seoul, Korea |
|
Building |
Rm. 2408, Boutique Monaco |
|
Zip Code |
06616 |
|
Tel |
+82-70-7728-2822 |
|
Fax |
+82-2-2051-3201 |
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E-mail |
-- |
|
Website |
-- |
|
|
|
|
Trading Address |
Rm. 2408, Boutique Monaco, 397,
Seocho-daero, Seocho-gu, Seoul, Korea Old Address System : Rm. 2408, Boutique
Monaco, 1316-5, Seocho 4-dong, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-2-3472-1080 |
|
Fax |
+82-2-3472-1084 |
|
|
|
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main
Business |
Adhesives, Additive |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
04/19/2011 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemical adhesives(31201601) |
|
Sell |
Other adhesives and sealants(31201600) |
|
Name |
Lee Sang-Hoon(Richard) |
|
Address |
Suite 502, 800-5, Bangbae-dong,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
10/16/1976 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
100,000,000 |
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|
Employees |
5 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-4584929 |
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Business Registered No. |
220-88-16991 |
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Permit & Licenses |
N/A |
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Shareholder Position |
|
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Company History |
04/19/2011 Incorporated as the present name 08/14/2013 Increased capital to 100,000,000 KRW from 50,000,000 KRW 06/05/2015
Moved to the present HQ address from Rm. 1107, Boutique Monaco, 397,
Seocho-daero, Seocho-gu, Seoul, Korea |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Lee Sang-Hoon (Richard) |
Male |
Korean |
04/19/2011 |
|
Auditor |
M/S. |
Kim Jin-A |
Female |
Korean |
10/28/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
25,899,919,000 |
3,592,259,000 |
118,254,000 |
|
|
2013 |
29,518,878,000 |
2,710,954,000 |
206,807,000 |
|
2012 |
17,645,133,000 |
3,159,882,000 |
172,591,000 |
|
2011 |
3,042,139,000 |
238,501,000 |
33,897,000 |
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
100,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
3,592,259,000 |
2,710,954,000 |
3,159,882,000 |
|
Current Assets |
3,110,236,000 |
2,579,316,000 |
3,096,368,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
482,023,000 |
131,638,000 |
63,514,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
2,960,710,000 |
2,197,660,000 |
2,903,394,000 |
|
Current Liabilities |
2,960,710,000 |
2,197,660,000 |
2,903,394,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
100,000,000 |
100,000,000 |
50,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
531,549,000 |
413,294,000 |
206,488,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
631,549,000 |
513,294,000 |
256,488,000 |
|
Liab. & Shareholder’s Equity |
3,592,259,000 |
2,710,954,000 |
3,159,882,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
25,899,919,000 |
29,518,878,000 |
17,645,133,000 |
|
Cost of Sold Goods |
24,779,061,000 |
27,949,852,000 |
16,334,861,000 |
|
Gross Profit |
1,120,858,000 |
1,569,026,000 |
1,310,272,000 |
|
Selling & Admin. Expenses |
891,202,000 |
1,232,771,000 |
1,205,734,000 |
|
Operating Income |
229,656,000 |
336,255,000 |
104,538,000 |
|
Non-Operating Income |
348,002,000 |
70,708,000 |
196,130,000 |
|
Non-Operating Expenses |
423,130,000 |
182,424,000 |
125,759,000 |
|
Income Before Taxes |
154,528,000 |
224,539,000 |
174,909,000 |
|
Income Taxes Expenses |
36,274,000 |
17,732,000 |
2,318,000 |
|
Net Income |
118,254,000 |
206,807,000 |
172,591,000 |
|
Main Products & Services |
Chemicals Products |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
DAE HEUNG CHEMICAL CO., LTD. 232-20, GAGOK-RI, HWADO-EUP, NAMYANGJU-SI,
GYEONGGI-DO, KOREA TEL:+82-31-594-1012 FAX:+82-31-594-8657 LEEHO CO., LTD. 1033, JANGNIM 1-DONG, SAHA-GU, BUSAN, KOREA TEL:+82-51-265-9777 FAX:+82-51-265-3868 JEONG EUI IND. CO., LTD. 978-1, YONGSO-RI, YANGGAM-MYEON,
HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-352-8537~8 FAX:+82-31-352-8539 |
The Subject exports
to China.
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
KRW |
1 |
Rs.0.058 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.