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Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BEST CHEM INTERNATIONAL |
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Registered Office : |
1027, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea, Rm. 1205, Anyang IT Valley, Zip Code 431-848 |
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Country : |
South Korea |
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Date of Incorporation : |
02.03.2007 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacturer of other special purpose machinery |
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No. of Employees : |
03 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
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Source : CIA |
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Company
Name |
BEST CHEM INTERNATIONAL (Korean Company Name : “베스켐”) |
|
Registered Address |
1027, Hogye 1-dong, Dongan-gu, Anyang-si,
Gyeonggi-do, Korea |
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Building |
Rm. 1205, Anyang IT Valley |
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Zip Code |
431-848 |
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Tel |
+82-31-343-0550 |
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Fax |
+82-31-601-8586 |
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E-mail |
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|
Website |
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Trading Address |
Rm. 1205, Anyang IT Valley, 1027, Hogye
1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
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Tel |
+82-31-343-0550 |
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Fax |
+82-31-601-8586 |
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Type |
Export |
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Industry |
Manufacture of Other Special Purpose Machinery, n.e.c. |
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Main Business |
Air Filter Line, Oil Filter Line, Fuel Filter Line, E-co Filter Line,
PVC Sol, Polyurethane |
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Established (mm/dd/yyyy) |
03/02/2007 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Rubber and plastic processing machinery and equipment and
supplies(23151500) |
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Sell |
Conveyors and accessories(24101700) |
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Name |
Hur Yeon-Sook |
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Title |
Owner |
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Sex |
Female |
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Nationality |
Korean |
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
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Employees |
3 |
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Formation |
Sole Proprietorship |
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Bank Details |
N/A |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
129-30-***** (The numbers are kept by the
National Tax Service confidentially.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
The Owner has 100% shares. |
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Company History |
03/02/2007 Established as the present name |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
M/S. |
Hur Yeon-Sook |
Female |
Korean |
03/02/2007 |
|
Director |
Mr. |
Charlie Shin |
Male |
Korean |
03/02/2007 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
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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 |
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Main Products & Services |
PU Foaming M/C Paper Pleating M/C Spot Welder for Air Filter Core Paper Pleating M/C Dust Film Covering M/C UV Dryer 2 Color Printer Dry Leak Tester PVC Sol(Glue) Dispenser Gasket (O-Ring) Inserting M/C Seaming M/C Sealing Compounding M/C Spot Welder Trimming M/C Spiral Tube Making M/C Hydraulic Press Deep Drawing M/C Clipping M/C Paper Pleating M/C Big Size Eco-Filter Making M/C Eco-Filter Making M/C Paper Pleating M/C Clipping M/C for Eco-Filter Glue (PVC SOL) for Automotive Oil Filter /
Industrial Filter |
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Competitors |
GEO CHANG MACHINERY CO., LTD. 131-1, MAE-RI, SANGDONG-MYEON, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-329-1790 FAX:+82-55-329-1792 KUMJEUN POLYURETHANE ENGINEERING CO. 388-14, SAMNAK-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-303-3651~3 FAX:+82-51-303-3654 C & K CORPORATION RM. 206, BIBONG BLDG., 1123-1, INGYE-DONG,
PALDAL-GU, SUWON-SI, GYEONGGI-DO, KOREA TEL:+82-31-239-2936 FAX:+82-31-239-2938 |
(Activity & Markets)
The Subject exports
to China and Pakistan.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.