|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
DOT CARE PVT LTD. |
|
|
|
|
Trading Office: |
23 FL., Hansol Pine Avenue, 203, Euljiro 2-ga, Jung-gu, Seoul |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Year of Establishments: |
1989 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Manufacturer of Paper Sacks and Packing |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Not registered in South korea |
|
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 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 |
DOT CARE PVT LTD. (Korean Company Name : “N/A”) |
|
Registered Address |
18
Kilometers, Ferozepur Road, Lahore, Pakistan |
|
Tel |
+92-42-3580-5901-6 |
|
Fax |
+92-42-3580-5002 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
23 FL., Hansol Pine Avenue, 203, Euljiro 2-ga, Jung-gu, Seoul, Korea (New address System : 100, Eulji-ro, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-3287-6428 |
|
Fax |
+82-2-3287-6644 |
|
Type |
Export/Import |
|
Industry |
Manufacture
of Paper Sacks and Packing |
|
Main Business |
Printing Services, Packing Services,
Publishing Services |
|
Established (mm/dd/yyyy) |
1989 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Printing(82121500) |
|
Sell |
Printed publications(55101500) |
|
Sell |
Packaging paper(14121504) |
|
Company History |
1989 Incorporated as the present name |
|
|
|
In our research through the official sources including the Supreme Court Registry
at which every Co Ltd type of Company should be registered, we could not find
the subject company under the subject company name at the location of 23 FL., Hansol
Pine Avenue, 203, Euljiro 2-ga, Jung-gu, Seoul, Korea.
The numbers (+82-2-3287-6428 and +82-2-3287-6644) are belonged to a
company called as HANSOL PAPER CO., LTD.(110111-0017867).
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
|
N/A |
|
|
|
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
|
Authorized Capital(KRW) |
Not
Available |
|
Paid-Up Capital(KRW) |
Not
Available |
|
Total Issued Shares |
Not
Available |
|
Main Products & Services |
Printing Services, Packing Services,
Publishing Services |
|
Competitors |
KUMPOONG
CO., LTD. 93, SEODAE-RI,
CHUBU-MYEON, GEUMSAN-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-754-7679 FAX:+82-41-754-7683 SINWOO CO.,
LTD. 433-1,
GEUMEO-RI, POGOK-EUP, CHEOIN-GU, YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-338-9811~5 FAX:+82-31-338-9816 BM KOREA 35-19, MAJANG-RI,
GWANGTAN-MYEON, PAJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-946-6571 FAX:+82-31-946-6574 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
DOT CARE(PVT.) LTD. 18 KILOMETERS, FEROZEPUR ROAD, LAHORE, PAKISTAN TEL:+92-42-35805901-6
FAX: +92-42-35805002 |
|
Overseas Office |
AUSTRALIA: 50-CHESTERFIELD, CREASCENT KURABY,
BRISBANE, 4012, AUSTRALIA USA & CANADA: 95-MAIN STREET, WOOHSOCKET, R.I, 02895, USA UK & EUROPE OFFICE: 53- UPPER SUTTON LANE, HESTON, MIDDX. TW5
0PS, UK |
(Activity & Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.24 |
|
UK Pound |
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
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.