MIRA INFORM REPORT

 

 

Report Date :

27.04.2012

 

IDENTIFICATION DETAILS

 

Name :

KOTECH FUTURE CORPORATION

 

 

Registered Office :

Rm.308, Kolon Digital Tower, 222-7, Guro-dong, Guro-gu, Seoul, Korea

 

 

Country :

South Korea

 

 

Date of Incorporation :

24.10-1997

 

 

Com. Reg. No.:

105-81-89819

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Exporter of  Helmet, Pants, Jackets, Boots, Shirts, Glove and Other Materials for Horse Riding

 

 

No. of Employees :

4

 

 

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 – September 30, 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

KOTECH FUTURE CORPORATION

Registered Address

222-7, Guro-dong, Guro-gu, Seoul, Korea

Building

Rm.308, Kolon Digital Tower

Zip Code

152-050

Tel

+82-2-2103-5127  +82-2-2068-5080  +82-2-3141-4611

Fax

+82-2-2103-5139  +82-2-3141-4615

E-mail

roysta@roysta.com

Website

www.roysta.com

Trading Address

Rm.308, Kolon Digital Tower, 222-7, Guro-dong, Guro-gu, Seoul, Korea

Tel

+82-2-2103-5127  +82-2-2068-5080  +82-2-3141-4611

Fax

+82-2-2103-5139  +82-2-3141-4615

Other Address-Hwaseong Branch

Rm.202, 213-13, Jangjim-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, Korea

Tel

+82-31-354-3277

Fax

+82-31-354-3278

Type

Export

Industry

Products for Leisure Sports

  Main Business

Helmet, Pants, Jackets, Boots, Shirts, Glove and other materials for Horse Riding

  Sub Business

Outsourcing Business

Established (mm/dd/yyyy)

10/24/1997

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Face and head protection(46181700)

Sell

Helmet parts or accessories(46181706)

 

 

CEO’s

 

Name

Jung Jae-Ho

Address

Suite 511-104, 1013, Siheung-dong, Geumcheon-gu, Seoul 153-030 Korea

Date of Birth

06/22/1959

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

350,000,000

Employees

4

Formation

Co., Ltd by shares

Bank Details

Woori Bank –Hapjung Dong Branch (A/C No.: 009-25-0006-729)

Kookmin Bank(A/C No.: 435001-01-330790)

Corporate Registered No.

110111-1477127

Business Registered No.

105-81-89819

Permit & Licenses

S.E.I.

CE

TUV GS Mark-Germany

PAS-UK

BETA-UK

 

Int’l Trade No.: 11181125

Shareholder Position

N/A

Company History

10/24/1997 Incorporated as the present name

06/22/2004 Moved to the present address from 222-7, Guro-dong, Guro-gu, Seoul, Korea

12/25/2004 Increased capital to 250,000,000 KRW to 150,000,000 KRW

12/22/2009 Increased capital to 350,000,000 KRW from 250,000,000 KRW

 

 

 

 

Management

 

Job Description

 

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Jung Jae-Ho

Male

Korean

10/24/1997

Auditor

M/S.

Kim Jeong-Sook

Female

Korean

03/30/2002

 

 

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)

5,000,000,000

Paid-Up Capital(KRW)

350,000,000

Total Issued Shares

70,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Helmet, Pants, Jackets, Boots, Shirts, Glove and other materials for Horse Riding

 

Brand Name: ROYSTA

 

 

Trade Partners & Competitors

 

Customers

I.R.H(INTERNATINAL)-USA

OLYMPIAN-USA

EVENTER-USA

INTEK PRO-RIDER-USA

SHIRES-UK

TOGS-UK

BELSTAR-FRANCE

RODEX-NETHERLANDS

J.E.F-NETHERLANDS

Competitors

KIDO SPORTS CO., LTD.

657-3, DEUNGCHON-DONG, GANGSEO-GU, SEOUL, KOREA

TEL:+82-2-3660-3300  FAX:+82-2-3662-2935

 

KOTECH FUTURE CORPORATION

222-7, GURO-DONG, GURO-GU, SEOUL, KOREA

TEL:+82-2-2103-5127  FAX:+82-2-2103-5139

 

SWELOCK ASIA CO., LTD.

276-11, MORA 1-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-51-303-3180~2  FAX:+82-51-303-3016

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Overseas Office

KOTEC FUTURE PHILS. INC.

NATIONAL ROAD PACIANO RIZAL CALAMBA, LAGUNA 4027, PHILIPPINES

TEL: +63-49-834-4270  FAX: +63-49-531-3573

 

 

Sales by Region (Activity & Markets)

 

The subject manufactures the products in Philippine Factory, and it exports to UK, Germany, Netherlands, Australia, Japan and USA.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.57

UK Pound

1

Rs.85.03

Euro

1

Rs.69.56

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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.