MIRA INFORM REPORT

 

 

Report Date :           

19.12.2011

 

IDENTIFICATION DETAILS

 

Name :

FUTURE PACK CO.

 

 

Registered Office :

110-37, Hwayang-dong, Gwangjin-gu, Seoul, Korea, Rm. 710, Hwayang Tower

Zip Code 143-915

 

 

Country :

South Korea

 

 

Date of Incorporation :

13.12.2008

 

 

Com. Reg. No.:

212-22-27564

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of other Industrial Machinery and Equipment

 

 

No. of Employees :

2 persons

 

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 :

Small Concern

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

FUTURE PACK CO.

(Korean Company Name : “미래팩”)

Registered Address

110-37, Hwayang-dong, Gwangjin-gu, Seoul, Korea

Building

Rm. 710, Hwayang Tower

Zip Code

143-915

Tel

+82-2-463-2101

Fax

+82-2-6280-7107

E-mail

collin@futurepack.kr ; kookkon@hotmail.com

Website

www.futurepack.kr

Trading Address

Rm. 710, Hwayang Tower, 110-37, Hwayang-dong, Gwangjin-gu, Seoul, Korea

Tel

+82-2-463-2101

Fax

+82-2-6280-7107

Other Address-Factory

1030-8, Changkog-ri, Paltan-myun, Whasung-si, Gyunggi-do, Korea

Tel

+82 2 463 2101 

Fax

+82 2 6280 7107

Type

Export

Industry

Wholesale of Other Industrial Machinery and Equipment

  Main Business

Papercup Machine, Papercup Punching Machine, Papercup Printing Machine

Established (mm/dd/yyyy)

12/13/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Paper making and paper processing machinery and equipment and supplies(23151900)

Sell

Printing presses(45101507)

Sell

Paper punching or binding machines(44101602)

 

 

CEO’s

 

Name

Ko Ok-Kon(Collin)

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

2

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

212-22-27564

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

12/13/2008 Established as the present name

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Ko Ok-Kon(Collin)

Male

Korean

12/13/2008

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

2,000,000,000

 

 

2009

 

 

 

2008

 

 

 

The 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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issued Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Paper Converting Machinery

Paper cup machine, Handle cup machine, Paper cup sleeve(2 layer coffee or Noodle cup) machine, Blank punching(Die cutter) machine, Printing & Punching machine, Paper plate(Tray) machine, Take away box(Food pail box) and other packing related converting machinery

 

Trade Partners & Competitors

 

Competitors

PYC INTERNATIONAL CO., LTD

PUMYANG B/D., 7-14, DONGBINGGO-DONG, YONGSAN-GU, SEOUL, KOREA

TEL:+82-2-749-9600  FAX:+82-2-749-9629

 

EKANG TECH CO., LTD.

RM. 802, JIPYEONG PLAZA, 863, JANGHANG 2-DONG, ILSANDONG-GU, GOYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-908-0608  FAX:+82-31-431-8921

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to USA, Mexico, Venezuela, Colombia, Russia, Germany, Italy, Ukraine, Belarus, Poland, Turkey, Cyprus, Israel, Jordon, Nigeria, Egypt, Libya, KSA, Iran, Iraq, Kuwait, Qatar, UAE, India, Pakistan, Thailand, Vietnam, Malaysia, Indonesia, Australia, Taiwan, China, Hong Kong, Japan and around the world.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

------

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.81

UK Pound

1

Rs.82.00

Euro

1

Rs.68.81

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.