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Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
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Name : |
infastech Korea Ltd. |
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Registered Office : |
32-9, Jik-dong, Gwangju-si, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.01.1990 |
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Com. Reg. No.: |
214-81-16420 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Hardware and Handtools. |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
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Source : CIA |
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Company Name |
INFASTECH KOREA
LTD. (Korean Company
Name : “인파스텍코리아(주)”) |
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Registered Address |
32-9, Jik-dong, Gwangju-si, |
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Zip Code |
464-090 |
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Tel |
+82-31-798-6340 |
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Fax |
+82-31-798-6342 |
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E-mail |
info@infastech.co.kr;john@infastech.co.kr |
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Website |
www.infastech.co.kr |
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Trading Address |
32-9, Jik-dong, Gwangju-si, |
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Tel |
+82-31-798-6340 |
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Fax |
+82-31-798-6342 |
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Type |
Import |
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Industry |
Wholesale of Hardware and Handtools |
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Main
Business |
Fasteners, Nails |
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Established (mm/dd/yyyy) |
01/22/1990 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Miscellaneous fasteners(31162400) |
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Name |
Paul Randy Teo Boon Cheong |
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Address |
01-01, |
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Date of Birth |
09/14/1961 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Singaporean |
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Capital (KRW) |
600,000,000 |
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Employees |
25 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Gyungan Branch |
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Corporate Registered No. |
1101110-671457 |
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Business Registered No. |
214-81-16420 |
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Permit & Licenses |
12/1998 ISO 9002 06/17/2008 ISO 14001 Int’l Trade No.: 525712 |
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Shareholder Position |
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Company History |
01/22/1990 Incorporated as AVDEL KOREA LTD. 10/01/2004 Changed company name to TFS
KOREA LTD. 12/18/2006 Changed company name to ACUMENT
KOREA LTD. 09/01/2010 Changed company name to the
present name 01/20/2012 Moved to the present HQ address
from 212-4, Suyang-ri, Gonjiam-eup, Gwangju-si, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Paul Randy Teo
Boon Cheong |
Male |
Singaporean |
12/01/2001 |
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Director |
Mr. |
Peter Mamac |
Male |
Australian |
03/31/2001 |
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Director |
Mr. |
Kim Ki-Young |
Male |
Singaporean |
07/27/2004 |
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Auditor |
Mr. |
Yoi Hui-Heng |
Male |
Singaporean |
03/31/2011 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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17,127,000,000 |
9,964,000,000 |
1,581,000,000 |
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2010 |
13,366,000,000 |
7,173,000,000 |
856,000,000 |
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2009 |
10,374,000,000 |
6,266,000,000 |
-4,000,000 |
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2008 |
8,719,000,000 |
5,429,000,000 |
-418,000,000 |
Financial Description
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Authorized Capital(KRW) |
600,000,000 |
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Paid-Up Capital(KRW) |
600,000,000 |
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Total Issued Shares |
60,000 |
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
7,173,000,000 |
6,266,000,000 |
5,429,000,000 |
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Current Assets |
6,893,000,000 |
5,941,000,000 |
4,972,000,000 |
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-Quick Assets |
4,717,000,000 |
3,854,000,000 |
3,251,000,000 |
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-Inventories |
2,176,000,000 |
2,087,000,000 |
1,721,000,000 |
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Fixed Assets |
280,000,000 |
325,000,000 |
456,000,000 |
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-Investment |
168,000,000 |
2,000,000 |
- |
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-Tangibles |
112,000,000 |
169,000,000 |
253,000,000 |
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-Intangibles |
- |
153,000,000 |
203,000,000 |
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Total Liabilities |
4,279,000,000 |
3,545,000,000 |
2,749,000,000 |
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Current Liabilities |
3,322,000,000 |
2,327,000,000 |
2,595,000,000 |
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Fixed Liabilities |
957,000,000 |
1,218,000,000 |
154,000,000 |
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Capital Stock |
600,000,000 |
600,000,000 |
600,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
2,294,000,000 |
2,121,000,000 |
2,080,000,000 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
2,894,000,000 |
2,721,000,000 |
2,680,000,000 |
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Liab. & Shareholder’s Equity |
7,173,000,000 |
6,266,000,000 |
5,429,000,000 |
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
13,366,000,000 |
10,374,000,000 |
8,719,000,000 |
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Cost of Sold Goods |
10,200,000,000 |
8,412,000,000 |
6,917,000,000 |
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Gross Profit |
3,166,000,000 |
1,961,000,000 |
1,802,000,000 |
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Selling & Admin. Expenses |
2,388,000,000 |
1,857,000,000 |
1,951,000,000 |
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Operating Income |
778,000,000 |
104,000,000 |
-149,000,000 |
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Non-Operating Income |
429,000,000 |
350,000,000 |
237,000,000 |
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Non-Operating Expenses |
351,000,000 |
458,000,000 |
461,000,000 |
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Income Before Taxes |
856,000,000 |
-4,000,000 |
-372,000,000 |
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Income Taxes Expenses |
- |
- |
45,000,000 |
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Net Income |
856,000,000 |
-4,000,000 |
-418,000,000 |
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Main Products & Services |
Fasteners, Nails Brand Name : Avdel, ELCO, iForm |
Competitors
SEUNG BO MECHA TECH CO., LTD.
269-1, GWANHO-RI, YAKMOK-MYEON, CHILGOK-GUN,
TEL:+82-54-975-6526~7 FAX:+82-54-975-6530
JE-IL PRODUCTION CO., LTD.
889-1, DALSAN-RI, JEONGGWAN-MYEON,
GIJANG-GUN,
TEL:+82-51-727-5525 FAX:+82-51-727-5528
JINHAP CO., LTD.
RM. B-5,
INDUSTRIAL COMPLEX Ⅱ, 40-57, DAEHWA-DONG, DAEDEOK-GU,
TEL:+82-70-7430-1800
FAX:+82-70-7442-7785
The Subject deals
with the companies in
Not Available.
---
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.91 |
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1 |
Rs.87.38 |
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Euro |
1 |
Rs.70.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.