MIRA INFORM REPORT

 

 

Report Date :

04.06.2011

 

IDENTIFICATION DETAILS

 

Name :

KWANGLIM TECH CO., LTD.

 

 

Registered Office :

116-1, Yuram-ri, Paltan-myeon, Hwaseong-si, Gyeonggi-do

 

 

Country :

South Korea

 

 

Date of Incorporation :

13.10.2006

 

 

Com. Reg. No.:

134811-0128282

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture and Wholesales of Machine-Tools.

 

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

KWANGLIM TECH CO., LTD.

(Korean Company Name : “()광림테크”)

Registered Address

116-1, Yuram-ri, Paltan-myeon, Hwaseong-si, Gyeonggi-do, Korea

Zip Code

445-913

Tel

+82-31-479-0903

Fax

+82-31-479-2787

Trading Address

116-1, Yuram-ri, Paltan-myeon, Hwaseong-si, Gyeonggi-do, Korea

Tel

+82-31-479-0903

Fax

+82-31-479-2787

Type

Export/Import

Industry

Manufacture and Wholesales of Machine-Tools

  Main Business

Tools, Auto Parts

Established (mm/dd/yyyy)

10/13/2006

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Power tools(27112700)

Sell

Measuring and layout tools(27111800)

Sell

Hand tools(27110000)

Sell

Holding and clamping tools(27112100)

 

 

CEO’s

 

Name

Park Jung-Ae

Address

Suite 1204-1601, 492, Haengjeong-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, Korea

Date of Birth

08/20/1966

Title

President & CEO

Sex

Female

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

134811-0128282

Business Registered No.

124-86-49*** (The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

10/13/2006 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

M/S.

Park Jung-Ae

Female

Korean

07/20/2010

Director

Mr.

Oh Bum-Sik

Male

Korean

07/20/2010

Outside Director

Mr.

Yoon Young-Soo

Male

Korean

07/20/2010

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

 

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)

400,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issues Shares

40,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Tools, Auto Parts

 

 

Trade Partners & Competitors

 

Competitors

SANGJIN TOOL MART CO., LTD.

561-7, GWAEBEOP-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-51-322-4848  FAX:+82-51-322-1114

 

ALTWELL TECH INC.

290-22, DAEHWA-DONG, DAEDEOK-GU, DAEJEON, KOREA

TEL:+82-42-625-0909  FAX:+82-42-625-0989

 

ACTUANT INC.

3BA-717, SIHWA INDUSTRIAL COMPLEX, 2187-5, JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-434-4506  FAX:+82-31-434-4507

 

News Clipping

 

---

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.85

UK Pound

1

Rs.73.29

Euro

1

Rs.64.89

 

 

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