|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DONGSEO AUTOTECH CO., LTD. |
|
|
|
|
Registered Office : |
306-11, Jang-dong, Dalseo-gu, Daegu, Korea, Zip Code 704-190 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
11.01.2010 |
|
|
|
|
Com. Reg. No.: |
503-81-87806 |
|
|
|
|
Legal Form : |
Co.,
Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacturer of Metal Cutting and Compressing Machines |
|
|
|
|
No. of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
|
Company
Name |
DONGSEO AUTOTECH CO., LTD. (Korean Company Name : “(주)동서오토텍”) |
|
Registered Address |
306-11, Jang-dong, Dalseo-gu, Daegu, Korea |
|
Zip Code |
704-190 |
|
Tel |
+82-53-581-7212 |
|
Fax |
+82-53-581-7213 |
|
E-mail |
|
|
Trading Address |
306-11,
Jang-dong, Dalseo-gu, Daegu, Korea (New Address System : 66,
Seongseogongdan-ro 55-gil, Dalseo-gu, Daegu, Korea) |
|
Tel |
+82-53-581-7212 |
|
Fax |
+82-53-581-7213 |
|
Type |
Export |
|
Industry |
Manufacture
of Metal Cutting and Compressing Machines |
|
Main
Business |
Multi
Forming Machines |
|
Established (mm/dd/yyyy) |
01/11/2010 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Packaging
machinery(23152900) |
|
Sell |
Cartoning
machinery(24102107) |
|
Sell |
Form
or fill or seal machinery(23152902) |
|
Sell |
Coating
machines(23151502) |
|
Name |
Lee
Jong-Kyoo |
|
Address |
Suite 209-106, 12, Dongcheon-ro 24-gil,
Buk-gu, Daegu, Korea |
|
Date of Birth |
07/17/1972 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
5 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
1701110-394685 |
|
Business Registered No. |
503-81-87806 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
01/11/2010 Incorporated as the present name |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Lee
Jong-Kyoo |
Male |
Korean |
01/11/2010 |
|
Director |
M/S. |
Kim Kyung-Hee |
Female |
Korean |
01/11/2010 |
|
Director |
M/S. |
Park Kyung-Ah |
Female |
Korean |
01/11/2010 |
|
Auditor |
M/S. |
Park Young-Ah |
Female |
Korean |
01/11/2010 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2011 |
3,227,000,000 |
|
|
|
2010 |
1,903,000,000 |
|
|
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
5,000 |
|
Main Products & Services |
Multi
Forming Machines |
|
Competitors |
INNOTECH SYSTEMS LTD. RM. 726, KOPOMO TECHNO CENTER 2-CHA,
1298-6, JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-7007 FAX:+82-31-434-7447 HOONG A CORPORATION 83-4, DODANG-DONG, WONMI-GU, BUCHEON-SI, GYEONGGI-DO,
KOREA TEL:+82-32-682-4355 FAX:+82-32-675-1525 HL PHARM TECH CO., LTD. 3BA-815, SIHWA INDUSTRIAL COMPLEX, 2180-8,
JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-0126~7 FAX:+82-31-433-3157 SHINWHA PHARMA TECH 3RA-202, SIHWA INDUSTRIAL COMPLEX, 1273-1,
JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-3240 FAX:+82-31-434-3239 |
(Activity & Markets)
The Subject exports
to China and Turkey.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.