|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
BTM CO., LTD. |
|
|
|
|
Registered Office : |
404, Gongdeok-dong, Mapo-gu, Seoul, Korea Rm. 1328, Poonglim VIPtel
121-718 |
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|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2008 |
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|
|
|
Date of Incorporation : |
11.09.2007 |
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|
|
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Com. Reg. No.: |
105-87-14590 |
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|
|
|
Legal Form : |
Co., Ltd by shares |
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|
|
|
Line of Business : |
Wholesale of Other Industrial Machinery and Equipment |
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|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
|
With Financials |
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
BTM CO., LTD. |
|
Registered Address |
404, Gongdeok-dong, Mapo-gu, Seoul, Korea |
|
Building |
Rm. 1328, Poonglim VIPtel |
|
Zip Code |
121-718 |
|
Tel |
+82-2-6387-7003 |
|
Fax |
+82-2-6387-7004 |
|
E-mail |
dande@btmco.co.kr |
|
Trading Address |
Rm. 1328, Poonglim VIPtel, 404, Gongdeok-dong, Mapo-gu, Seoul, Korea |
|
Tel |
+82-2-6387-7003 |
|
Fax |
+82-2-6387-7004 |
|
Type |
Export |
|
Industry |
Wholesale of Other Industrial Machinery and Equipment |
|
Main Business |
Machinery for Making Textile & Fabrics,
Wholesales of Textile Materials & Construction Materials |
|
Sub
Business |
Electronic Components |
|
Established (mm/dd/yyyy) |
11/09/2007 |
The Subject Company occupies the premises of
registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Textile processing machinery and accessories(23121500) |
|
Name |
Kim Jae-Hyung |
|
Address |
Suite 702, 1059-1, Namhyeon-dong,
Gwanak-gu, Seoul, Korea |
|
Date of Birth |
09/13/1964 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank Woori Bank Shinhan Bank-Mapo Central Branch |
|
Corporate Registered No. |
110111-3785297 |
|
Business Registered No. |
105-87-14590 |
|
Permit & Licenses |
Int’l Trade No.: 45337750 |
|
Shareholder Position |
N/A |
|
Company History |
11/09/2007 Incorporated as the present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Kim Jae-Hyung |
Male |
Korean |
11/09/2007 |
|
Auditor |
M/S. |
Kim Young-Sun |
Female |
Korean |
11/09/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
1,564,000,000 |
389,000,000 |
128,000,000 |
|
2008 |
2,210,000,000 |
1,318,000,000 |
-61,000,000 |
|
2007 |
221,000,000 |
71,000,000 |
-6,100,000 |
The latest 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 Issues Shares |
10,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
|
131,800,000 |
|
Current Assets |
|
|
131,100,000 |
|
-Quick Assets |
|
|
131,100,000 |
|
-Inventories |
|
|
- |
|
Fixed Assets |
|
|
700,000 |
|
-Investment |
|
|
- |
|
-Tangibles |
|
|
- |
|
-Intangibles |
|
|
- |
|
Total Liabilities |
|
|
132,900,000 |
|
Current Liabilities |
|
|
132,900,000 |
|
Fixed Liabilities |
|
|
- |
|
Capital Stock |
|
|
5,000,000 |
|
Capital Surplus |
|
|
- |
|
Profit Surplus |
|
|
-6,100,000 |
|
Capital Adjustment |
|
|
- |
|
Total Equity |
|
|
-1,100,000 |
|
Liab. & Shareholder’s Equity |
|
|
131,800,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
|
221,000,000 |
|
Cost of Sold Goods |
|
|
162,500,000 |
|
Gross Profit |
|
|
58,500,000 |
|
Selling & Admin. Expenses |
|
|
63,700,000 |
|
Operating Income |
|
|
-5,200,000 |
|
Non-Operating Income |
|
|
1,900,000 |
|
Non-Operating Expenses |
|
|
2,800,000 |
|
Income Before Taxes |
|
|
-6,100,000 |
|
Income Taxes Expenses |
|
|
- |
|
Net Income |
|
|
-6,100,000 |
|
Main Products & Services |
Machinery for Making Textile & Fabrics,
Wholesales of Textile Materials & Construction Materials |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
SUNSTAR PRECISION CO., LTD. 178-67, GAJWA 1-DONG, SEO-GU, INCHEON,
KOREA TEL:+82-32-580-5800 FAX:+82-32-571-4546 A. M. S. CORPORATION RM. 708, HYUNDAI TOWER, 7-28, SINCHEON-DONG,
SONGPA-GU, SEOUL, KOREA TEL:+82-2-3431-1692 FAX:+82-2-3431-1695 TAEWON S & G LTD. 478-3, ONCHEON 1-DONG, DONGNAE-GU, BUSAN,
KOREA TEL:+82-51-558-1911~4 FAX:+82-51-555-3561 |
|
Sales/ Unit :Mil KRW |
2012 |
2011 |
2010 |
|
Export |
|
|
|
|
Domestic |
|
|
|
|
Total |
|
|
|
The Subject exports to India.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.