|
Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RMK CO., LTD. |
|
|
|
|
Registered Office : |
840, Chunhwa-ri, Bubuk-myeon, Miryang-si,
Gyeongsangnam-do, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
06.04.2011 |
|
|
|
|
Com. Reg. No.: |
615-81-83200 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Rolled, Drawn and Folded Products of Copper |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 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
Basic
|
Company Name |
RMK CO., LTD. (Korean Company Name : “(주)알엠케이”) |
|
Registered
Address |
840, Chunhwa-ri, Bubuk-myeon, Miryang-si,
Gyeongsangnam-do, Korea |
|
Zip Code |
627-853 |
|
Tel |
+82-55-353-5827 |
|
Fax |
+82-55-354-5829 |
|
Trading Address |
840, Chunhwa-ri, Bubuk-myeon, Miryang-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-353-5827 |
|
Fax |
+82-55-354-5829 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Rolled, Drawn and Folded Products of Copper |
|
Main Business |
Copper Tube, Pin Tube |
|
Established
(mm/dd/yyyy) |
04/06/2011 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Copper tubing(31231302) |
|
Sell |
Copper pipe(40142110) |
CEO’s
|
Name |
Na Han-Sung |
|
Address |
Suite 502-201,
90, Convensia-daero, Yeonsu-gu, Incheon, Korea |
|
Date of Birth |
12/25/1960 |
|
Title |
Representative
Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
20 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
N/A |
|
Corporate
Registered No. |
1955110-136410 |
|
Business Registered
No. |
615-81-83200 |
|
Permit &
Licenses |
N/A |
|
Shareholder
Position |
N/A |
|
Company
History |
04/06/2011
Incorporated as the present name 05/22/2012
Designated as a Venture Business 10/10/2012 Moved
to the present HQ address from 79-6, Anyang-ri, Saengnim-myeon, Gimhae-si,
Gyeongsangnam-do, Korea |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative
Director |
Mr. |
Na Han-Sung |
Male |
Korean |
04/06/2011 |
|
Auditor |
M/S. |
Park Eun-Joo |
Female |
Korean |
04/06/2011 |
Financial Description
|
Authorized
Capital(KRW) |
200,000,000 |
|
Paid-Up
Capital(KRW) |
50,000,000 |
|
Total Issued
Shares |
5,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Copper Tube, Pin Tube |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
TAEWOO METAL CO.,
LTD. 5DA-201-11,
SIHWA INDUSTRIAL COMPLEX, 664-10, SEONGGOK-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-498-8145~8 FAX:+82-31-498-8149 SAMPO
INDUSTRIAL CO., LTD. 2ND FL., SAMPO
BLDG., 40-2, OGEUM-DONG, SONGPA-GU, SEOUL, KOREA TEL:+82-2-573-5151 FAX:+82-2-571-5156 KUM WHAN INC. RA-1728,
JUNGANG CIRCULATION COMPLEX, 1258, GURO 2-DONG, GURO-GU, SEOUL, KOREA TEL:+82-2-2617-3073 FAX:+82-2-2684-3071 |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.84.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.