MIRA INFORM REPORT
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Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GTC TECHNOLOGY KOREA CO., LTD. |
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Registered Office : |
459-11, Gasan-dong, Geumcheon-gu, Seoul, Korea, Rm. 1206, Jei Platz, Zip Code 153-759 |
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Country : |
South korea |
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Date of Incorporation : |
06.12.2007 |
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Com. Reg. No.: |
119-86-03509 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Chemical Plants Equipments |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
GTC TECHNOLOGY
KOREA CO., LTD. (Korean Company
Name : “지티씨테크놀로지코리아(주)”) |
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Registered Address |
459-11, Gasan-dong, Geumcheon-gu, Seoul,
Korea |
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Building |
Rm. 1206, Jei Platz |
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Zip Code |
153-759 |
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Tel |
+82-2-2028-7116 |
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Fax |
+82-2-2028-7111 |
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E-mail |
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Website |
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Trading Address |
Rm. 1206, Jei Platz, 459-11, Gasan-dong,
Geumcheon-gu, Seoul, Korea |
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Tel |
+82-2-2025-8411 |
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Fax |
+82-2-2025-8419 |
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Other Address |
468-1, Sapo-ri, Yeonsan-myeon, Nonsan-si,
Chungcheongnam-do, Korea |
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Type |
Export |
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Industry |
Civil Engineering Services, Construction Technology Services Manufacture of Chemical Plants Equipments |
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Main Business |
Chemical Process Licensor, Basic Process Design, Development Research
& Process Equipment, Chemical, Catalyst |
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Established (mm/dd/yyyy) |
12/06/2007 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Technology Licensing |
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Sell |
Engineering Services |
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Sell |
Plumbing system construction(72102303) |
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Sell |
Commercial or industrial
construction(72131600) |
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Sell |
Process Equipment Technology |
CEO’s
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Name |
Pinti Wang |
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Address |
1623, Kellywood Oaks DR KT, TX 77450-438
USA |
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Date of Birth |
01/21/1952 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
USA |
Profiles
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Capital (KRW) |
4,870,000,000 |
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Employees |
40 |
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Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
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Bank Details |
Shinhan Bank |
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Corporate Registered No. |
110111-3800152 |
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Business Registered No. |
119-86-03509 |
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Permit & Licenses |
N/A |
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Shareholder Position |
The details are not available, but it is known
that GTC Technology US, LLC is one of the major shareholders. |
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Company History |
12/06/2007 Incorporated as the present name 12/24/2007 Registered as a Foreign Direct
Investment Corporation 07/31/2008 Increased the authorized shares
to 400,000 shares from 40,000 shares 11/26/2008 Increased capital to
1,050,000,000 KRW from 850,000,000 KRW 01/13/2010 Increased the authorized shares
to 2,000,000 shares from 400,000 shares 01/14/2010 Increased capital to
3,650,000,000 KRW from 1,050,000,000 KRW 03/04/2010 Increased capital to
4,870,000,000 KRW from 3,650,000,000 KRW 05/26/2010 Moved to the present HQ address
from Rm.514, 426-5, Gasan-dong, Geumcheon-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Pinti Wang |
Male |
USA |
12/06/2007 |
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Director |
Mr. |
Cho Jae-Man |
Male |
Korean |
12/06/2007 |
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Director |
Mr. |
David Lin |
Male |
USA |
09/01/2008 |
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Auditor |
Mr. |
Edward Chiri Chen |
Male |
USA |
03/20/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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20,639,010,000 |
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3,386,070,000 |
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2009 |
9,860,300,000 |
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1,190,370,000 |
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2008 |
8,632,260,000 |
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1,293,100,000 |
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2007 |
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The full financials
are not available, and the Subject Company does not have any obligations to
release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
10,000,000,000 |
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Paid-Up Capital(KRW) |
4,870,000,000 |
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Total Issues Shares |
974,000 |
Products, Technologies, Services Description
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Main Products & Services |
Technology Licensing Engineering Services Process Equipment Technology Chemicals & Catalysts Online Heater Cleaning Technical Services |
Trade Partners & Competitors
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Customers |
GS-CALTEX CORPORATION(110111-0078819) DAELIM INDUSTRIAL CO., LTD.(110111-0084915) SAMSUNG ENGINEERING CO., LTD.(110111-0240509) HYUNDAI ENGINEERING CO., LTD.(110111-2153015) |
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Competitors |
TOYO ENGINEERING KOREA LIMITED TOYO KOREA BLDG., 677-17, YEOKSAM 1-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2- 2189-1642~3 FAX:+82-2- 2189-1887 DAEWOO ENGINEERING CO., LTD. 9-3, SUNAE-DONG, BUNDANG-GU, SEONGNAM-SI,
GYEONGGI-DO, KOREA (P.O.BOX 20, BUNDANG) TEL:+82-31-738-0114 FAX:+82-31-738-0115 HYUNDAI ENGINEERING CO., LTD. 2~5 FL., HYUNDAI 41 TOWER, 917-9, MOK
1-DONG, YANGCHEON-GU, SEOUL, KOREA TEL:+82-2-2166-8114 FAX:+82-2-2647-8004 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Overseas Office |
BOZEMAN, MONTANA GTC RESEARCH AND DEVELOPMENT 910 TECHNOLOGY BOULEVARD, SUITE F BOZEMAN,
MONTANA 59718 USA TEL:+1-406-582-7417 FAX:+1-406-922-6440 DALLAS, TEXAS GTC PROCESS EQUIPMENT TECHNOLOGY 1333 CORPORATE DRIVE, SUITE 320 IRVING, TEXAS
75038 USA TEL:+1-972-887-3802 FAX:+1-972-887-3826 CHINA GTC (BEIJING) TECHNOLOGY INC. ROOM 2801 BUILDING C OF KAIXUANCHENG NO. 170 BEIYUAN
ROAD, CHAOYANG DISTRICT BEIJING, CHINA 100101 TEL:+86-10-5823-5297 FAX:+86-10-5823-6143 SINGAPORE GTC PROCESS TECHNOLOGY (SINGAPORE) PTE.
LTD. 3 SCIENCE PARK DRIVE, SUITE 01-08/09 THE
FRANKLIN BUILDING SINGAPORE, 118223 TEL:+65-6872-9380 FAX:+65-6776-7282 CZECH REPUBLIC GTC TECHNOLOGY EUROPE S.R.O. PRIKOP 6 BRNO, 60200 CZECH REPUBLIC TEL:+420-511-118-000 FAX:+420-545-174-601 MEXICO GTC MEXICO, S. DE R.L. DE C.V. CIRCUITO BALVANERA NO. 20 FRACCIONAMIENTO
INDUSTRIAL BALVANERA CORREGIDORA, QUERETARO MEXICO, C.P. 76920 TEL:+52-442-1-95-54-53
FAX:+52-442-1-95-54-53 |
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Corporate Ownership |
GTC TECHNOLOGY US, LLC 1001 S. DAIRY ASHFORD, SUITE 500 HOUSTON,
TEXAS 77077 USA TEL:+1-281-597-4800 FAX:+1-281-597-0942 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.47 |
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UK Pound |
1 |
Rs.74.96 |
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Euro |
1 |
Rs.65.79 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.