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Report Date : |
08.05.2013 |
IDENTIFICATION DETAILS
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Name : |
K2 LASER SYSTEM INC. |
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Formerly Known As : |
K2 LASER CO.(Sole Proprietorship) |
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Registered Office : |
345-40, Gasan-dong, Geumcheon-gu, Seoul, Korea, Zip Code 153-802 |
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Country : |
South Korea |
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Date of Incorporation : |
08.10.2004 |
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Com. Reg. No.: |
105-86-71842 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacturer of Machine-tools By Electron |
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No. of Employees : |
09 |
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 : |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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 |
K2 LASER SYSTEM
INC. (Korean Company
Name : “케이투레이저시스템(주)”) |
|
Registered Address |
345-40, Gasan-dong, Geumcheon-gu, Seoul, Korea |
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Zip Code |
153-802 |
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Tel |
+82-2-3141-2401~2 |
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Fax |
+82-2-3141-2412 |
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E-mail |
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Website |
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Trading Address |
345-40, Gasan-dong, Geumcheon-gu, Seoul,
Korea (New Address System : 41, Gasan digital
2-ro, Geumcheon-gu, Seoul, Korea) |
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Tel |
+82-2-3141-2401~2 |
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Fax |
+82-2-3141-2412 |
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Type |
Export |
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Industry |
Manufacture of Machine-tools By Electron |
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Main
Business |
Laser Marking Machine, Laser Cutter Machine, Laser Engraving Machine |
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Established (mm/dd/yyyy) |
10/08/2004 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Marking tools(27112300) |
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Name |
Kim Myoung-Soo |
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Address |
Suite 110-1702, 219, Hwajung-ro,
Deogyang-gu, Goyang-si, Gyeonggi-do, Korea |
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Date of Birth |
10/17/1967 |
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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) |
700,000,000 |
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Employees |
9 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Industrial Bank of Korea |
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Corporate Registered No. |
1101113-095422 |
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Business Registered No. |
105-86-71842 |
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Permit & Licenses |
06/2010 CE Mark |
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Shareholder Position |
N/A |
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Company History |
07/2003 Established as K2 LASER CO.(Sole Proprietorship) 10/01/2004 Incorporated as the present name 09/2008 Designated as an INNO-BIZ Company 04/21/2010 Increased the authorized shares
to 400,000 shares from 40,000 shares 08/20/2010 Increased capital to 700,000,000 KRW from 350,000,000 KRW 02/04/2013 Designated as a Venture Business |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Myoung-Soo |
Male |
Korean |
10/08/2007 |
|
Director |
Mr. |
Kim Young-Cheol |
Male |
Korean |
10/08/2007 |
|
Auditor |
M/S. |
Park Eon-Kyung |
Female |
Korean |
04/19/2006 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2009 |
1,678,000,000 |
752,000,000 |
5,000,000 |
|
2008 |
1,132,000,000 |
613,000,000 |
-67,000,000 |
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2007 |
|
|
|
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2006 |
746,000,000 |
375,000,000 |
46,000,000 |
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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Authorized Capital(KRW) |
2,000,000,000 |
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Paid-Up Capital(KRW) |
700,000,000 |
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Total Issued Shares |
140,000 |
|
Main Products & Services |
Laser Marking Machine, Laser Cutter Machine, Laser Engraving Machine |
|
Competitors |
JETTECH CO., LTD. 423-3, CHEONGCHEON-DONG BUPYEONG-GU
INCHEON, 403-030 SOUTH KOREA TEL:+82-32-5103000 FAX:+82-32-5103099 ESSEL-TECH CO., LTD. 206-1,
SHIHWA GONGDAN 2-RA 1265-6, JUNGWANG-DONG SIHEUNG-SI, GYEONGGI-DO, 429-924
SOUTH KOREA TEL:+82-31-4974100
FAX:+82-31-4974108 SEMITEQ CO.,
LTD 432-6,
MIJAM-RL IWOL-MYEON JINCHEONG-GUN CHUNGCHEONGBUK-DO, 365-824 SOUTH KOREA TEL:+82-43-5301325 FAX:+82-43-5362326 |
(Activity & Markets)
The Subject exports
to Japan and Brazil.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.84.32 |
|
Euro |
1 |
Rs.70.99 |
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 |
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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 |
---- |
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.