MIRA
INFORM REPORT
|
Report Date : |
16.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ENK CO LTD |
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Registered Office : |
1172, Jisa Dong GangSeo- Gu Busan |
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Country : |
Korea |
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Date of Incorporation : |
11.08.1999 |
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Com. Reg. No.: |
287-84-90517 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of Special Gas Cylinder Systems for New Energy and Special
Gases and All-Inclusive Environment Protection Systems. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
|
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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Maximum Credit Limit : |
USD120,000.00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
ENK CO LTD
Company acronym: -
Contact Information
|
Address |
1172, Jisa Dong GangSeo- Gu Busan Korea |
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Postal Address |
Busan 618-230 South Korea |
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Telephone |
+ 82 51 9747770 + 82 51 9747771 + 82 51 9747772 + 82 51 9747773 + 82 51 9747774 + 82 51 9747775 + 82 51 9747776 + 82 51 9747777 + 82 51 9747778 + 82 51 9747779 |
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Fax |
+ 82 51 9741316 |
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Website |
Registration Data
|
Date of Registration |
11/08/1999 |
|
Registration number |
287-84-90517 |
|
Legal address |
1172, Jisa Dong GangSeo- Gu Busan Korea |
|
Legal Form |
Limited Liability Company |
|
Share Capital |
30,000,000 KRW |
Shareholders
with Shares
Parent Co: NK
GROUP
497,Shinpyong-Dong
Saha-gu,Busan
604-030
Korea, Republic of
(South Korea)
Phone : +82 51 204 22113
Fax : +82 51 204 2215
% Share Held:
100
Board/Executive
|
Name |
Mr. Charles Cha |
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Position within the company |
Director |
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Country of Birth |
Korea |
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Nationality |
Korean |
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Can fluently speak |
English |
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Name |
Mr. Eugene Choi |
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Position within the company |
Director |
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Country of Birth |
Korea |
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Nationality |
Korean |
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Can fluently speak |
English |
|
Name |
Mr. Young Soo Chun |
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Position within the company |
General Director |
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Country of Birth |
Korea |
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Nationality |
Korean |
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Can fluently speak |
English |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Staff
Supplier of Special Gas Cylinder Systems for New Energy and Special Gases
and All-Inclusive Environment Protection Systems.
|
Number of staff employed |
15 |
Export/Import
(
Countries, goods and total values for the period)
|
Imports From |
Europe |
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Importing Terms |
Letters of credit |
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Import % and type of product |
5% - Finished Goods |
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Exports To |
UK, Italy, Norway, Middle East |
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Exporting Terms |
Letters of credit |
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Export % and type of product |
30% -
Finished Products |
Facilities
|
Owned |
Office, Warehouse, Workshop |
Subsidiaries
and Participation
|
Parent Company |
NK GROUP |
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Affiliates |
NK TECH South Korea GESKO South Korea NK SHANGHAI China |
Bankers
|
Bank |
Korea Exchange Bank |
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Address |
935-34,Pangbae-Dong |
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Telephone |
+82 2 524 80 00 |
Suppliers,
Partners
|
Suppliers |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Reporter Comments
|
Comments |
In the interview conducted with Mr. Young Soo Chun ( General Director), he declined bank account number and full financial information citing the
grounds of company confidentiality. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD120,000.00 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. |
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UK Pound |
1 |
Rs. |
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Euro |
1 |
Rs. |
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 |
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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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)