MIRA INFORM REPORT

 

 

Report Date :           

01.11.2011

 

IDENTIFICATION DETAILS

 

Name :

LEETEC LIMITED

 

 

Registered Office :

148, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea, B-704, Bundang Techno Park, Zip Code 463-760

 

 

Country :

South Korea

 

 

Date of Incorporation :

08.07.1994

 

 

Com. Reg. No.:

129-81-14309

 

 

Legal Form :

Co., ltd by Shares

 

 

Line of Business :

Manufacture of Instruments and Appliances for Radio Navigating and Measuring

 

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 :

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

LEETEC LIMITED

(Korean Company Name : “(주)리텍”)

Registered Address

148, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Building

B-704, Bundang Techno Park

Zip Code

463-760

Tel

+82-31-706-5211

Fax

+82-31-706-5214

E-mail

paullee@specs.co.kr

Trading Address

B-704, Bundang Techno Park, 148, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-706-5211

Fax

+82-31-706-5214

Type

Export/Import

Industry

Manufacture of Instruments and Appliances for Radio Navigating and Measuring

  Main Business

Stimulator

Established (mm/dd/yyyy)

07/08/1994

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Alarm systems(46171604)

Sell

Temperature and heat measuring instruments(41112200)

 

 

CEO’s

 

Name

Lee Jang-Woo

Address

Suite B-1101, 888-38, Bangbae-dong, Seocho-gu, Seoul, Korea

Date of Birth

04/04/1945

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

110,000,000

Employees

1

Formation

Co., ltd by Shares

Bank Details

Industrial Bank of Korea-Yatop Dong Branch

Corporate Registered No.

131111-0018381

Business Registered No.

129-81-14309

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

07/08/1994 Incorporated

09/14/1995 Changed company name to the present name

08/2006 Designated as a Venture Business

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Jang-Woo

Male

Korean

07/08/2000

Director

Mr.

Lee Jae-Yoon

Male

Korean

09/15/2003

Auditor

M/S.

Kang Soo-Ae

Female

Korean

06/23/1998

 

 

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)

400,000,000

Paid-Up Capital(KRW)

110,000,000

Total Issued Shares

11,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Instruments and Appliances for Radio Navigating and Measuring

 

 

Trade Partners & Competitors

 

Suppliers

KLINGER

38 MCDOWELL STREET, WELSHPOOL, WA 6106, AUSTRALIA

TEL:+61 8 9251 1622  FAX:+61 8 9358 6200

 

DATUM ELECTRONICS

NEEDLES BUILDING, TRINITY WHARF, EAST COWES, ISLE OF WIGHT, PO32 6RF UK

TEL:+44-1983-28-2834  FAX:+44-1983-28-2835

Competitors

SHINDONG DIGITECH CO., LTD.

5TH FL., JINYEONG BLDG., 1213-1, CHORYANG 1-DONG, DONG-GU, BUSAN, KOREA

TEL:+82-51-461-5000  FAX:+82-51-467-5002

 

HANNAM CORPORATION

RM. 306, GARDEN TOWER, 98-78, UNNI-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-741-1811  FAX:+82-2-741-1814

 

DODAAM SYSTEMS CO., LTD.

461-31, JEONMIN-DONG, YUSEONG-GU, DAEJEON, KOREA

TEL:+82-42-337-0100  FAX:+82-42-337-0150

 

OHBONG INTERNATIONAL CORP.

B-505, POSCO THE SHARP, 195-1, SUNHWA-DONG, JUNG-GU, SEOUL, KOREA

TEL:+82-2-775-7751  FAX:+82-2-775-7731

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Australia, UK and Netherlands.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.87

UK Pound

1

Rs.78.11

Euro

1

Rs.68.36

 

 

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.