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Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
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Name : |
BK INTERNATIONAL CO., LTD. |
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Registered Office : |
24, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea, B-1803, Intellige Ⅱ, Zip Code 463-841 |
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Country : |
South Korea |
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Date of Incorporation : |
15.06.2009 |
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Com. Reg. No.: |
129-86-34130 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Materials for Recycling and Other Specialized Goods |
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No. of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 leels 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 |
BK INTERNATIONAL
CO., LTD. (Korean Company Name : “(주)비케이인터내셔날”) |
|
Registered Address |
24, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Building |
B-1803,
Intellige Ⅱ |
|
Zip Code |
463-841 |
|
Tel |
+82-31-713-3274 |
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Fax |
+82-31-715-3290 |
|
Trading
Address |
B-1803, Intellige Ⅱ, 24, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-713-3274 |
|
Fax |
+82-31-715-3290 |
|
Type |
Export |
|
Industry |
Wholesale
of Materials for Recycling and Other Specialized Goods n.e.c. |
|
Main Business |
Raw Materials for Condenser |
|
Established (mm/dd/yyyy) |
06/15/2009 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Raw Materials for Condenser |
|
Name |
Lee
Byeong-Chul |
|
Address |
Suite 104-1605, 82, Songok-ro, Suji-gu,
Yongin-si, Gyeonggi-do, Korea |
|
Date of Birth |
10/13/1965 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
|
Employees |
1 |
|
Formation |
Co.,
Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
1311110-233343 |
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Business Registered No. |
129-86-34130 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
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Company History |
06/15/2009 Incorporated as the present name |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Lee Byung-Cheol |
Male |
Korean |
06/15/2012 |
|
Director |
Mr. |
Eom Eul-Yong |
Male |
Korean |
06/15/2012 |
|
Auditor |
M/S. |
Chae Sung-Hee |
Female |
Korean |
03/31/2012 |
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) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Raw Materials for Condenser |
|
Competitors |
CHANGSUNG
CORPORATION 8-8,
PUNGJEONG-RI, NAESU-EUP, CHEONGWON-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-213-8801 FAX:+82-43-213-8807 ENERTEC CO.,
LTD. 622,
GYENAE-RI, CHILSEO-MYEON, HAMAN-GUN, GYEONGSANGNAM-DO, KOREA TEL:+82-55-586-5193 FAX:+82-55-586-5195 YOOJIN
MATERIAL CO., LTD. 223-269,
SEONGNAM 2-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-571-0278 FAX:+82-32-573-6732 |
(Activity & Markets)
The Subject exports
to Mexico, India, Columbia and Pakistan.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
UK Pound |
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.38 |
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.