MIRA INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
BEST F.A CO. |
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Registered Office : |
61-29, Ungnam-dong, Changwon-si, Gyeongsangnam-,do, Korea, Zip Code 641-290 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.07.1997 |
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Com. Reg. No.: |
609-01-10637 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of Other General- Purpose Machinery n |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 |
BEST F.A CO. (Korean Company Name
: “베스트에프에이”) |
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Registered Address |
61-29, Ungnam-dong, Changwon-si,
Gyeongsangnam-,do, Korea |
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Zip Code |
641-290 |
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Tel |
+82-55-286-6060 |
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Fax |
+82-55-286-6511 |
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E-mail |
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Website |
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Trading Address |
61-29, Ungnam-dong, Changwon-si,
Gyeongsangnam-,do, Korea |
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Tel |
+82-55-286-6060 |
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Fax |
+82-55-286-6511 |
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Type |
Export/Import |
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Industry |
Manufacture of Other General- Purpose Machinery n.e.c. |
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Main Business |
Fironius Power Source, Migweld Alwire, Welding Automation System |
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Established (mm/dd/yyyy) |
07/14/1997 |
M/S. Lee Mi-Suk owns
the premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Welders(23171508) |
CEO’s
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Name |
Lee Mi-Suk |
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Date of Birth |
03/02/1964 |
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Title |
Owner |
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Sex |
Female |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
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Employees |
15 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial Bank of Korea-Changwon Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
609-01-10637 |
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Permit & Licenses |
03/2006 ISO 9001 Int’l Trade No.: 24020790 |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
07/14/1997 Established as the present name 01/2008 Designated as an INNO-BIZ Company |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Owner |
M/S. |
Lee Mi-Suk |
Female |
Korean |
07/14/1997 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
6,294,000,000 |
3,797,000,000 |
309,000,000 |
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2008 |
7,501,000,000 |
4,875,000,000 |
317,000,000 |
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2007 |
4,797,000,000 |
4,060,000,000 |
357,000,000 |
The latest
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) |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issues Shares |
Not Applicable to the Sole Proprietorship |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
3,797,000,000 |
4,875,000,000 |
4,060,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
2,385,000,000 |
3,654,000,000 |
2,971,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
1,412,000,000 |
1,221,000,000 |
1,089,000,000 |
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Liab. &
Shareholder’s Equity |
3,797,000,000 |
4,875,000,000 |
4,060,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
6,294,000,000 |
7,501,000,000 |
4,797,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
309,000,000 |
317,000,000 |
357,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Fironius Power Source, Migweld Alwire, Welding Automation System |
Trade Partners & Competitors
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Suppliers |
SCANSONIC GMBH HEINZ SOYER BOLZENSCHWEI TECHNIK GMBH FRONIUS INTERNATIONAL GMBH GUENTER FRONIUS STRAßE 1 A-4600 WELS
THALHEIM TEL:+43-(0)-7242-241-0
FAX:+43-(0)-7242-241-3013 |
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Customers |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD.(110111-2095837) DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.(194211-0000943) |
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Competitors |
SUNGDONG INDUSTRIES CO., LTD. 407-1, MAEHAK-RI, JEONGGWAN-MYEON,
GIJANG-GUN, BUSAN, KOREA TEL:+82-51-728-4511 FAX:+82-51-728-4514 NEW TECH WELDER CO. 2DA-502, SIHWA INDUSTRIAL COMPLEX, 1267-1,
JEONGWANG 2-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-6850 FAX:+82-31-434-6853 DAEKWANG MECHARTRONICS CO. 2-DONG, 223-605, SEONGNAM 2-DONG, SEO-GU,
INCHEON, KOREA TEL:+82-32-577-2900 FAX:+82-32-577-2909 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Austria and Germany.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.62 |
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UK Pound |
1 |
Rs.76.68 |
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Euro |
1 |
Rs.66.47 |
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.