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Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
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Name : |
KC BIOSCIENCE CO., LTD. |
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Registered Office : |
Rm. 1005, Garak ID Tower 99-7, Garakbon-dong, Songpa-gu, Seoul, Korea 138-805 |
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Country : |
South Korea |
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Date of Incorporation : |
20.06.2006 |
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Com. Reg. No.: |
215-86-86924 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Fertilizers and Agricultural Chemicals |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B
|
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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
|
Country Name |
Previous Rating (31.03.2011) |
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 is currently the world's 12th largest economy.
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. Korea's export focused economy was
hit hard by the 2008 global economic downturn, but quickly rebounded in
subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade
Agreement was ratified by both governments in 2011 and went into effect in
March 2012. Throughout 2012 the economy experienced sluggish growth because of
market slowdowns in the United States, China, and the Eurozone. The incoming
administration in 2013, following the December 2012 presidential election, is
likely to face the challenges of balancing heavy reliance on exports with
developing domestic-oriented sectors, such as services. 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 |
KC BIOSCIENCE
CO., LTD. (Korean Company
Name : “(주)케이씨생명과학”) |
|
Registered Address |
99-7, Garakbon-dong, Songpa-gu, Seoul,
Korea |
|
Building |
Rm. 1005, Garak ID Tower |
|
Zip Code |
138-805 |
|
Tel |
+82-2-3453-6525 |
|
Fax |
+82-2-3453-6386 |
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E-mail |
kc@kcbio.co.kr |
|
Website |
www.kcbio.co.kr |
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Trading Address |
Rm. 1005, Garak ID Tower, 99-7,
Garakbon-dong, Songpa-gu, Seoul, Korea |
|
Tel |
+82-2-3453-6525 |
|
Fax |
+82-2-3453-6386 |
|
Type |
Import |
|
Industry |
Wholesale of Fertilizers and Agricultural Chemicals |
|
Main Business |
Agricultural Pesticides, Agricultural Materials |
|
Established (mm/dd/yyyy) |
06/20/2006 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pesticides or pest repellents(10191500) |
|
Sell |
Insecticides(10191509) |
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Sell |
Herbicides(10171700) |
|
Name |
Shin Kyu-Shik |
|
Address |
Suite 27-103, 44, Ogeum-dong, Songpa-gu, Seoul, Korea |
|
Date of Birth |
09/15/1967 |
|
Title |
President & CEO |
|
Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
200,000,000 |
|
Employees |
6 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
1101113-478636 |
|
Business Registered No. |
215-86-86924 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
06/20/2006 Incorporated as KC BIOBANK CO.,
LTD. 01/12/2007
Changed Korean company name to KC BIOSCIENCE CO., LTD. , “(주)케이씨바이오사이언스” 11/16/2007
Increased capital to 200,000,000 KRW from 50,000,00 KRW 08/26/2008 Changed company name to the present
name 08/26/2008 Moved to the present HQ address
from 51-2, Bangi-dong, Songpa-gu, Seoul, Korea |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Shin Kyu-Shik |
Male |
Korean |
08/13/2007 |
|
Director |
M/S. |
Kim Mi-Kyung |
Female |
Korean |
03/25/2009 |
|
Director |
Mr. |
Kim In-Seob |
Male |
Korean |
03/25/2009 |
|
Auditor |
Mr. |
Kim Hyung-Soo |
Male |
Korean |
03/25/2009 |
The 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) |
200,000,000 |
|
Total Issued Shares |
40,000 |
|
Main Products & Services |
Agricultural Pesticides, Agricultural Materials |
|
Competitors |
YOUNG INH TRADE CORP. 5TH FL., YEONG-IN BLDG., 1708-7, SEOCHO 3-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+82-2-596-2671 FAX:+82-2-595-7790 CHUNG HAE LIMITED RM. 1202, DORYEOM BLDG., 60, DORYEOM-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-723-2301 FAX:+82-2-723-2336 CTI FUTURE CORPORATION B-407, DAEWOO TRUMPWORLD 1-CHA, 55-1,
YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-785-2281 FAX:+82-2-785-2330 |
(Activity &
Markets)
The Subject imports
from China.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.