MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

HI TECH LUBRICANTS LTD.

 

 

Registered Office :

99, Seorin-dong, Jongno-gu, Seoul, Korea, SK Bldg., Zip Code 110-728

 

 

Country :

South Korea

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

Wholesales of Lubricating Oils and Greases

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

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

HI TECH LUBRICANTS LTD.

(Korean Company Name : “N/A”)

Registered Address

99, Seorin-dong, Jongno-gu, Seoul, Korea

Building

SK Bldg.

Zip Code

110-728

Tel

N/A

Fax

N/A

Trading Address

SK Bldg., 99, Seorin-dong, Jongno-gu, Seoul, Korea

Tel

N/A

Fax

N/A

Type

Export/Import

Industry

Wholesales of Lubricating Oils and Greases

  Main Business

Lubricant, Grease

Established (mm/dd/yyyy)

N/A

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Grease(15121902)

Sell

Engine oil(15121501)

Sell

Brake oil(15121509)

Sell

Gear oil(15121503)

Sell

Lubricating preparations(15121500)

 

 

CEO’s

 

Name

N/A

Address

N/A

Date of Birth

N/A

Title

N/A

Sex

N/A

Nationality

N/A

 

 

Profiles

 

Capital (KRW)

N/A

Employees

N/A

Formation

N/A

Bank Details

N/A

Corporate Registered No.

N/A

Business Registered No.

N/A

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

N/A

 

In our research, we could not find the company using the same name with the subject company, but we found that there is a company using the same name at www.masgroup.org/contactus.php. In the description at their website, we found that they are importing from SK Corporation(Korea). SK Corp has been split into SK Corp., SK Energy Co., Ltd., and, SK Energy Co., Ltd., again has been split off into SK Energy Co., Ltd., and SK LUBRICANTS CO., LTD.

 

SK LUBRICANTS CO., LTD.(110111-4191815)

SK Bldg., 99, Seorin-dong, Jongno-gu, Seoul, Korea

Tel:+82-2-2121-5555  Fax:+82-2-2121-7111

 

HI TECH LUBRICANTS LTD.

1-A, Danepur Road, G.O.R-1, Lahore. Pakisatn

Tel: +92 42 36311881-3 Fax: +92 42 36311884

 

We strongly guess the subject is in Pakistan, and they are engaged in importing from SK LUBRICANTS CO., LTD.(110111-4191815).

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

N/A

 

N/A

 

 

 

 

 

Financial Description

 

Authorized Capital(KRW)

N/A

Paid-Up Capital(KRW)

N/A

Total Issued Shares

N/A

 

 

Products, Technologies, Services Description

 

Main Products & Services

Lubricant, Grease

 

Trade Partners & Competitors

 

Competitors

SHINSUNG PETROCHEMICAL CO., LTD.

8TH FL., SHINSUNG BLDG., 732-27, YEOKSAM 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-548-5597  FAX:+82-2-543-4078

 

S-OIL CORPORATION

45TH FL., KOREA LIFE INSURANCE 63 BLDG., 60, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-3772-5151  FAX:+82-2-786-4030

 

ISU CHEMICAL CO., LTD.

112-4, BANPO 4-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-590-6600  FAX:+82-2-590-6666

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Pakistan.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

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

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.