MIRA INFORM REPORT
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Report Date : |
22.10.2012 |
IDENTIFICATION DETAILS
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Name : |
HKE CO., LTD. |
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Registered Office : |
Rm.1007, World Meridian Biz Center 15-1, Yangpyeong-dong 3-ga, Yeongdeungpo-gu, Seoul, Korea 150-103 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.07.1994 |
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Com. Reg. No.: |
107-81-46285 |
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Legal Form : |
Co., Ltd by
shares |
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Line of Business : |
Manufacture of Machinery and Accessaries Specialized for
Printing and Bookbinding |
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No. of Employees : |
16 |
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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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South Korea |
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 |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to
become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable
with levels in the poorer countries of Africa and Asia. In 2004, South Korea
joined the trillion dollar club of world economies, and currently is among the
world's 20 largest economies. Initially, a system of close government and
business ties, including directed credit and import restrictions, made this
success possible. The government promoted the import of raw materials and
technology at the expense of consumer goods, and encouraged savings and
investment over consumption. The Asian financial crisis of 1997-98 exposed
longstanding weaknesses in South Korea''s development model including high
debt/equity ratios and massive short-term foreign borrowing. GDP plunged by
6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic
reforms following the crisis, including greater openness to foreign investment
and imports. Growth moderated to about 4% annually between 2003 and 2007. With
the global economic downturn in late 2008, South Korean GDP growth slowed to
0.3% in 2009. In the third quarter of 2009, the economy began to recover, in
large part due to export growth, low interest rates, and an expansionary fiscal
policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade
Agreement was ratified by both governments and is projected to go into effect
in early 2012. The South Korean economy''s long term challenges include a
rapidly aging population, inflexible labor market, and heavy reliance on
exports - which comprise half of GDP.
Source : CIA
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Company
Name |
HKE CO., LTD. (Korean Company Name : “(주)에취케이이”) |
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Registered Address |
15-1, Yangpyeong-dong
3-ga, Yeongdeungpo-gu, Seoul, Korea |
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Building |
Rm.1007, World Meridian Biz Center |
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Zip Code |
150-103 |
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Tel |
+82-2-2635-1313 |
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Fax |
+82-2-2635-1315 |
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E-mail |
hkeng@chollian.net |
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Trading Address |
Rm.1007, World Meridian Biz Center, 15-1, Yangpyeong-dong 3-ga, Yeongdeungpo-gu, Seoul, Korea |
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Tel |
+82-2-2165-8954 |
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Fax |
+82-2-2635-1315 |
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Other Address-Factory |
558-1, Janghang-dong, Ilsandong-gu,
Goyang-si, Gyeonggi-do, Korea |
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Type |
Export/Import |
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Industry |
Manufacture of Machinery and Accessaries Specialized for Printing and
Bookbinding |
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Main Business |
Rotary Press |
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Sub
Business |
Publication |
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Established (mm/dd/yyyy) |
07/21/1994 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Machinery for Publishing |
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Sell |
Machinery for Book Binding |
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Sell |
Publication |
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Name |
Kim Kyung-Nam |
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Address |
Suite 105-402, 95, Dangsan-ro,
Yeongdeungpo-gu, Seoul, Korea |
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Date of Birth |
01/05/1952 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
250,000,000 |
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Employees |
16 |
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Formation |
Co., Ltd by shares |
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Bank Details |
S.C. First Bank of Korea-Yangpyung Dong
Corporate Finance Branch |
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Corporate Registered No. |
110111-1059701 |
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Business Registered No. |
107-81-46285 |
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Permit & Licenses |
Int’l Trade No.: 11818155 |
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Shareholder Position |
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Company History |
10/15/1989 Established as HK ENGINEERING
CO.(Sole Proprietorship) 07/21/1994 Incorporated as the present
name 02/04/2004 Increased capital to
250,000,000 KRW from 50,000,000 KRW 04/06/2007 Moved to the present address from
100-17, Onsu-dong, Guro-gu, Seoul, Korea |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Kyung-Nam |
Male |
Korean |
07/21/1994 |
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Director |
Mr. |
Kim Kyung-Soo |
Male |
Korean |
11/18/1995 |
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Director |
Mr. |
Yoo Duck-Hyun |
Male |
Korean |
03/31/2006 |
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Auditor |
Mr. |
Choi Jin-Bok |
Male |
Korean |
03/31/2012 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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4,716,400,000 |
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137,970,000 |
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2010 |
3,094,000,000 |
3,218,000,000 |
128,000,000 |
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2009 |
2,303,000,000 |
3,333,000,000 |
83,000,000 |
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2008 |
13,307,000,000 |
2,746,000,000 |
310,000,000 |
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2007 |
2,129,550,000 |
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211,190,000 |
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2006 |
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2005 |
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2004 |
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2003 |
3,775,000,000 |
5,934,000,000 |
85,000,000 |
The full financial is not available, and the
subject does not have any obligation to releases its financials to the public.
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Authorized Capital(KRW) |
1,000,000,000 |
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Paid-Up Capital(KRW) |
250,000,000 |
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Total Issued Shares |
25,000 |
Balance
Sheet
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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 |
3,218,000,000 |
3,333,000,000 |
2,746,000,000 |
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Current Assets |
- |
1,824,000,000 |
1,264,000,000 |
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-Quick Assets |
- |
961,000,000 |
613,000,000 |
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-Inventories |
- |
863,000,000 |
651,000,000 |
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Fixed Assets |
- |
1,509,000,000 |
1,483,000,000 |
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-Investment |
- |
33,000,000 |
33,000,000 |
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-Tangibles |
- |
1,156,000,000 |
1,130,000,000 |
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-Intangibles |
- |
205,000,000 |
205,000,000 |
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Total Liabilities |
1,558,000,000 |
1,802,000,000 |
1,298,000,000 |
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Current Liabilities |
- |
1,198,000,000 |
622,000,000 |
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Fixed Liabilities |
- |
604,000,000 |
676,000,000 |
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Capital Stock |
- |
250,000,000 |
250,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
1,410,000,000 |
1,282,000,000 |
1,199,000,000 |
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Capital Adjustment |
- |
-1,000,000 |
-1,000,000 |
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Total Equity |
1,659,000,000 |
1,531,000,000 |
1,448,000,000 |
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Liab. & Shareholder’s Equity |
3,218,000,000 |
3,333,000,000 |
2,746,000,000 |
Income
Statement
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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 |
3,094,000,000 |
2,303,000,000 |
13,307,000,000 |
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Cost of Sold Goods |
- |
1,430,000,000 |
11,823,000,000 |
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Gross Profit |
- |
872,000,000 |
1,484,000,000 |
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Selling & Admin. Expenses |
- |
674,000,000 |
1,219,000,000 |
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Operating Income |
- |
198,000,000 |
265,000,000 |
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Non-Operating Income |
- |
2,000,000 |
171,000,000 |
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Non-Operating Expenses |
- |
59,000,000 |
89,000,000 |
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Income Before Taxes |
- |
141,000,000 |
347,000,000 |
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Income Taxes Expenses |
- |
58,000,000 |
37,000,000 |
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Net Income |
128,000,000 |
83,000,000 |
310,000,000 |
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Main Products & Services |
Machinery for Publishing & Book Binding |
(Activity &
Markets)
Not Available.
Not Available.
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.72 |
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1 |
Rs.86.15 |
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Euro |
1 |
Rs.70.17 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.