MIRA INFORM
REPORT
|
Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
KORPACK
CORPORATION |
|
|
|
|
Registered Office : |
Rm. 1201, Kopomo Tower 16-3, Sunae 1-dong, Bundang-gu, Seongnam-si, Gyeonggi-do,
Korea 463-825 |
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|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2009 |
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|
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Date of Incorporation : |
30.10.1992 |
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|
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Com. Reg. No.: |
214-81-48164 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
Wholesale of Materials for Recycling and Other Specialized Goods
n.e.c. |
|
|
|
|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 Information
|
Company
Name |
KORPACK CORPORATION (Korean Company
Name : “(주)코팩코”) |
|
Registered Address |
16-3, Sunae 1-dong, Bundang-gu,
Seongnam-si, Gyeonggi-do, Korea |
|
Building |
Rm. 1201, Kopomo Tower |
|
Zip Code |
463-825 |
|
Tel |
+82-31-713-3160 |
|
Fax |
+82-31-713-3163 |
|
E-mail |
webmaster@korpack.co.kr |
|
Website |
www.korpack.co.kr |
|
Trading Address |
Rm. 1201, Kopomo Tower, 16-3, Sunae
1-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-713-3160 |
|
Fax |
+82-31-713-3163 |
|
Type |
Export |
|
Industry |
Wholesale of Materials for Recycling and Other Specialized Goods
n.e.c. |
|
Main Business |
Packaging Materials, Label, PVC Rigid Sheet, Multi Layer Sheet,
Printed Sheet |
|
Established (mm/dd/yyyy) |
10/30/1992 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Packaging films(24141514) |
|
Sell |
Lamination film(44102001) |
CEO’s
|
Name |
Park Eun-Chul (Albert) |
|
Address |
Suite C-3501, 180, Jeongja-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
12/22/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
400,000,000 |
|
Employees |
11 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
SC First Bank of Korea-Nam Yeoksam Dong
Branch Kook Min Bank-Yangjae Corporate Finance
Branch |
|
Corporate Registered No. |
110111-0898762 |
|
Business Registered No. |
214-81-48164 |
|
Permit & Licenses |
Int’l Trade No.: 11036973 |
|
Shareholder Position |
N/A |
|
Company History |
10/30/1992 Incorporated as the present name 05/11/2004 Moved to the present HQ address
from 467-6, Dogok-dong, Gangnam-gu, Seoul, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Eun-Chul (Albert) |
Male |
Korean |
03/22/2005 |
|
Director |
Mr. |
Park Eun-Soo |
Male |
Korean |
03/22/2002 |
|
Auditor |
M/S. |
Park Kyung-Ae |
Female |
Korean |
03/22/2002 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
18,383,000,000 |
8,572,000,000 |
640,000,000 |
|
2008 |
16,775,000,000 |
6,988,000,000 |
316,000,000 |
|
2007 |
|
|
|
|
2006 |
9,868,000,000 |
|
|
|
2005 |
9,828,000,000 |
|
|
The latest financials
are not available, and the Subject Company does not have any obligations to
release its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
400,000,000 |
|
Total Issued Shares |
80,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
8,572,000,000 |
6,988,000,000 |
|
Current Assets |
|
7,837,000,000 |
6,370,000,000 |
|
-Quick Assets |
|
7,837,000,000 |
6,370,000,000 |
|
-Inventories |
|
- |
- |
|
Fixed Assets |
|
735,000,000 |
618,000,000 |
|
-Investment |
|
- |
- |
|
-Tangibles |
|
- |
- |
|
-Intangibles |
|
- |
- |
|
Total Liabilities |
|
6,165,000,000 |
5,222,000,000 |
|
Current Liabilities |
|
6,118,000,000 |
5,181,000,000 |
|
Fixed Liabilities |
|
47,000,000 |
41,000,000 |
|
Capital Stock |
|
400,000,000 |
400,000,000 |
|
Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
2,007,000,000 |
1,366,000,000 |
|
Capital Adjustment |
|
- |
- |
|
Total Equity |
|
2,407,000,000 |
1,766,000,000 |
|
Liab. & Shareholder’s Equity |
|
8,572,000,000 |
6,988,000,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
18,383,000,000
|
16,775,000,000 |
|
Cost of Sold Goods |
|
14,720,000,000 |
13,715,000,000 |
|
Gross Profit |
|
3,663,000,000 |
3,060,000,000 |
|
Selling & Admin. Expenses |
|
2,419,000,000 |
2,092,000,000 |
|
Operating Income |
|
1,244,000,000 |
968,000,000 |
|
Non-Operating Income |
|
222,000,000 |
740,000,000 |
|
Non-Operating Expenses |
|
671,000,000 |
1,320,000,000 |
|
Income Before Taxes |
|
795,000,000 |
388,000,000 |
|
Income Taxes Expenses |
|
154,000,000 |
72,000,000 |
|
Net Income |
|
640,000,000 |
316,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Flexible Packaging Materials, Shrink Film
& Label, Cap Seal Closure Liners, Plastic Sheets, Aluminum Products,
Packaging Machines, Printing Machines |
Trade Partners & Competitors
|
Competitors |
SHEHWA P & C CO., LTD. 682, MYOBONG-RI, IDONG-MYEON, CHEOIN-GU,
YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-335-6635 FAX:+82-31-336-6638 UWRAPCO CO., LTD. 15B-16, BANWOL INDUSTRIAL COMPLEX, 449,
MONGNAE-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-492-6277~9 FAX:+82-31-492-6276 PACK ENG CO., LTD. 489-3, BODONG-RI, DAEDEOK-MYEON, ANSEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-676-1868 FAX:+82-31-676-5763 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
KORPACK PHILS. CORPORATION #323, CHATEAU VERDE CONDO, E. RODRIGUEZ JR. AVE., VALLE VERDE 1, PASIG
CITY, PHILIPPINES |
Sales by Region
(Activity &
Markets)
The Subject exports
to Iran, Philippines and USA.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
|
|
1 |
Rs.79.09 |
|
Euro |
1 |
Rs.65.32 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.