MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ACE BELTECH CO., LTD.

 

 

Registered Office :

28, Cheoksan-ri, Nami-myeon, Cheongwon-gun, Chungbuk, Korea 363-813

 

 

Country :

South Korea

 

 

Date of Incorporation :

27.04.2011

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Industrial Un-vulcanized Rubber Products

 

 

No. of Employees :

2

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

New Business

 

--

 

Status :

New Company

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

ACE BELTECH CO., LTD.

(Korean Company Name : “㈜에이스벨텍)

Registered Address

28, Cheoksan-ri, Nami-myeon, Cheongwon-gun, Chungbuk, Korea

Zip Code

363-813

Tel

+82-2-807-0114~5

Fax

+82-2-807-0343

E-mail

mckim2925@naver.com

Website

www.acebeltech.co.kr

Trading Address

8-127, Siheung Circulation Center, 984, Siheung 3-dong, Geumcheon-gu, Seoul, Korea

Tel

+82-2-807-0114~5

Fax

+82-2-807-0343

Type

Export/Import

Industry

Manufacture of Industrial Un-vulcanized Rubber Products

  Main Business

Conveyor Belt, Curve Conveyor Belt, Plastic Module Belt, Mesh Belt, Timing Belt, Engineering Belt, Electromotion Belt

Established (mm/dd/yyyy)

04/27/2011

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Belt conveyors(24101712)

Sell

Conveyor belting(24101715)

Sell

Geared timing belts(26111802)

Sell

Flat belts(26111804)

 

 

CEO’s

 

Name

Kim Myung-Chan

Address

Suite 103-2101, 182-2, Seoksu-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea

Date of Birth

04/12/1959

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

2

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

150111-0147799

Business Registered No.

317-81-23*** (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

12/20/2002 Established as ACE BELTECH COMPANY(Sole Proprietorship)

04/27/2011 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Kim Myung-Chan

Male

Korean

04/27/2011

Auditor

M/S.

Kim Mi-Jung

Female

Korean

04/27/2011

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Conveyor Belt, Curve Conveyor Belt, Plastic Module Belt, Mesh Belt, Timing Belt, Engineering Belt, Electromotion Belt

 

 


Trade Partners & Competitors

 

Competitors

DONGIL RUBBER BELT CO., LTD.

7, GEUMSA-DONG, GEUMJEONG-GU, BUSAN, KOREA

TEL:+82-51-520-9000  FAX:+82-51-528-3523

 

HWASEUNG EXWILL CO., LTD.

7TH FL., JANGCHEON BLDG., 1287-21, YEONSAN 5-DONG, YEONJE-GU, BUSAN, KOREA

TEL:+82-51-860-3600  FAX:+82-51-863-3609

 

GATES KOREA CO., LTD.

29-195, BONRI-RI, NONGONG-EUP, DALSEONG-GUN, DAEGU, KOREA

TEL:+82-53-610-6100  FAX:+82-53-615-4987

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China and Vietnam.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.96

Euro

1

Rs.71.40

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.