MIRA INFORM REPORT

 

 

Report Date :           

22.02.2012

 

IDENTIFICATION DETAILS

 

Name :

TPK CO., LTD.

 

 

Registered Office :

1209, Jaesong-dong, Haeundae-gu, Busan, Korea, Rm. 501, Centum IS Tower, Zip Code 612-050

 

 

Country :

South korea

 

 

Date of Incorporation :

11.03.2009

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Fluid Power Equipment

 

 

No. of Employees :

14

 

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 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

TPK CO., LTD.

(Korean Company Name : “티피케이(주)”)

Registered Address

1209, Jaesong-dong, Haeundae-gu, Busan, Korea

Building

Rm. 501, Centum IS Tower

Zip Code

612-050

Tel

+82-51-905-2700

Fax

+82-51-905-2704

E-mail

tax@tpk.co.kr

Trading Address

Rm. 501, Centum IS Tower, 1209, Jaesong-dong, Haeundae-gu, Busan, Korea

Tel

+82-51-905-2700

Fax

+82-51-905-2704

Other Address

901, Songhyeon-ri, Jillye-myeon, Gimhae-si, Gyeongsangnam-do, Korea

Tel

+82-55-343-8043~5

Fax

+82-55-343-8046

Type

Export

Industry

Manufacture of Fluid Power Equipment

  Main Business

Fluid Power Equipment, Conveying Equipments, Shiplift & Transfer System, Hydraulic Systems, Hybrid Actuator, Energy Saving Unit

Established (mm/dd/yyyy)

03/11/2009

The Subject owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Actuators(31251500)

 

 

CEO’s

 

Name

Chung In-Kyu

Address

641, Sapyeong-ri, Bukcheon-myeon, Hadong-gun, Gyeongsangnam-do, Korea

Date of Birth

08/16/1952

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

500,000,000

Employees

14

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

180111-0664010

Business Registered No.

605-81-***** (The full numbers are kept by the National Tax Service confidentially.)

Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

03/11/2009 Incorporated as the present name

09/07/2009 Increased the authorized shares to 200,000 shares from 20,000 shares

09/07/2009 Moved to the present HQ address from 191-676, Jeonpo-dong, Busanjin-gu, Busan, Korea

09/08/2009 Increased capital to 500,000,000 KRW from 50,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Chung In-Kyu

Male

Korean

10/06/2009

Auditor

M/S.

Kim Ri-Na

Female

Korean

09/07/2009

 

 

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)

2,000,000,000

Paid-Up Capital(KRW)

500,000,000

Total Issues Shares

50,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Fluid Power Equipment, Conveying Equipments, Shiplift & Transfer System, Hydraulic Systems, Hybrid Actuator, Energy Saving Unit

 

 

Trade Partners & Competitors

 

Competitors

DOOWON CLIMATE CONTROL CO., LTD.

SAN 16-1, WONNAM-RI, EUMBONG-MYEON, ASAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-546-2000  FAX:+82-41-541-6032

 

ZEUS CO., LTD.

164-1, BUSAN-DONG, OSAN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-377-9500  FAX:+82-31-377-3305

 

KWANGSHIN MACHINE INDUSTRY CO., LTD.

180-12, OGOK-RI, CHILWON-MYEON, HAMAN-GUN, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-589-8000  FAX:+82-55-589-8040

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

TECHNO POWER KOREA CO., LTD.(195511-0076103)

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Brunei and Pakistan.

 

 

Court Action

 

Not Available.

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.77.79

Euro

1

Rs.65.17

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.