|
Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
BICO T.S. CO., LTD. |
|
|
|
|
Registered Office : |
376-11, Seogyo-dong, Mapo-gu, Seoul, Korea, Bicon Bldg., Zip Code 121-894 |
|
|
|
|
Country : |
South korea |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
10.05.2006 |
|
|
|
|
Com. Reg. No.: |
101-86-23805 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Tour Arrangement Services, Ticket Selling
Service, Hotel Reservation Services |
|
|
|
|
No. of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
138,249 USD |
|
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 |
|
Company
Name |
BICO T.S. CO.,
LTD. (Korean Company Name : “(주)비코티에스”) |
|
Registered Address |
376-11, Seogyo-dong, Mapo-gu, Seoul, Korea |
|
Building |
Bicon
Bldg. |
|
Zip Code |
121-894 |
|
Tel |
+82-2-725-8004 |
|
Fax |
+82-2-725-7822 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
Bicon Bldg., 376-11, Seogyo-dong, Mapo-gu, Seoul, Korea |
|
Tel |
+82-2-725-8004 |
|
Fax |
+82-2-725-7822 |
|
Type |
Services |
|
Industry |
Other Tourist Assistance and Reservation Services |
|
Main Business |
Tour Arrangement Services, Ticket Selling
Service, Hotel Reservation Services |
|
Established (mm/dd/yyyy) |
05/10/2006 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Travel
document assistance(90121600) |
|
Sell |
Tour
arrangement services(90121501) |
|
Sell |
Travel
agencies(90121502) |
|
Name |
Lee
Mi-Soon |
|
Address |
10, Sajik-ro 7-gil, Jongno-gu, Seoul, Korea |
|
Date of Birth |
04/01/1971 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
960,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares Venture
Business |
|
Bank Details |
N/A |
|
Corporate Registered No. |
1101113-454991 |
|
Business Registered No. |
101-86-23805 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
05/10/2006 Incorporated as the present name 04/11/2007 Increased the authorized shares
to 1,000,000 shares from 80,000 shares 10/12/2009 Moved to the present HQ address
from 1-38, Sinmunno 2-ga, Jongno-gu, Seoul, Korea 12/15/2011 Increased capital to 960,000,000
KRW from 690,000,000 KRW |
|
Credit Limit |
138,249 USD |
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
M/S. |
Lee
Mi-Soon |
Female |
Korean |
10/10/2006 |
|
Director |
Mr. |
Ju In |
Male |
Korean |
11/01/2010 |
|
Auditor |
Mr. |
Lee Seok-Ho |
Male |
Korean |
03/09/2010 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2011 |
4,255,000,000 |
5,032,000,000 |
380,000,000 |
|
2010 |
4,491,000,000 |
8,364,000,000 |
1,267,000,000 |
|
2009 |
2,129,000,000 |
3,848,000,000 |
615,000,000 |
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) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
960,000,000 |
|
Total Issued Shares |
192,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2011 |
As of
12/31/2010 |
As of
12/31/2009 |
|
Total Assets |
5,032,000,000 |
8,364,000,000 |
3,848,000,000 |
|
Current Assets |
3,255,000,000 |
6,705,000,000 |
2,328,000,000 |
|
-Quick
Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed
Assets |
1,776,000,000 |
1,659,000,000 |
1,521,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
2,070,000,000 |
5,632,000,000 |
2,515,000,000 |
|
Current Liabilities |
1,112,000,000 |
5,381,000,000 |
2,230,000,000 |
|
Fixed Liabilities |
958,000,000 |
251,000,000 |
284,000,000 |
|
Capital Stock |
960,000,000 |
690,000,000 |
370,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
964,000,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
2,962,000,000 |
2,732,000,000 |
1,334,000,000 |
|
Liab. & Shareholder’s Equity |
5,032,000,000 |
8,364,000,000 |
3,848,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2011 |
As of
12/31/2010 |
As of
12/31/2009 |
|
Sales |
4,255,000,000 |
4,491,000,000 |
2,129,000,000 |
|
Cost of Sold Goods |
363,000,000 |
251,000,000 |
- |
|
Gross Profit |
3,892,000,000 |
4,240,000,000 |
2,129,000,000 |
|
Selling & Admin. Expenses |
4,110,000,000 |
3,661,000,000 |
2,062,000,000 |
|
Operating Income |
-218,000,000 |
579,000,000 |
67,000,000 |
|
Non-Operating Income |
745,000,000 |
1,394,000,000 |
949,000,000 |
|
Non-Operating Expenses |
147,000,000 |
472,000,000 |
401,000,000 |
|
Income Before Taxes |
380,000,000 |
1,501,000,000 |
615,000,000 |
|
Income Taxes Expenses |
- |
234,000,000 |
- |
|
Net Income |
380,000,000 |
1,267,000,000 |
615,000,000 |
|
Main Products & Services |
Tour Arrangement Services, Ticket Selling
Service, Hotel Reservation Services |
|
Competitors |
HANA TOUR SERVICE INC. 1, GONGPYEONG-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-2127-1000 FAX:+82-2-2127-1993 SEJOONG NAMO TOUR CO., LTD. 19TH FL., SAMSUNG LIFE INSURANCE CO. BLDG.,
150, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-2126-7777 FAX:+82-2-757-1915~6 REDCAP TOUR CO., LTD. 13TH FL., HANA SECURITIES BLDG., 23-3,
YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3771-2011 FAX:+82-2-3771-2107 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Overseas Branch |
OSAKA BRANCH, JAPAN NAMBA, SISA TOWER BLDG 7F, 3-6-8, ,
NAMBANAKA, NANIWA-KU, OSAKA, JANPAN TEL:+81-6-6631-5831 FAX:+81-6-6631-5832 SINGAPIRE BRANCH 10 ANSON ROAD # 11- 18 INTERNATIONAL PLAZA
SINGAPORE 079903 TEL:+65 6423-0065 FAX: 65 6423-0061 HONG KONG BRANCH ROOM 02-03, 12/F KOON FOOK CENTRE 9
KNUTSFORD TERRACE, TSIM SHA TSUI, KOWLOON, HONG KONG TEL:+852-2311-1202 FAX:+852-2311-0161 BANGKOK BRANCH 10/178 THE TRENDY BUILDING, 2301A, 23FLOOR,
SUKHUMVIT SOI 13, KLONGTEY-NUA, WATTANA, BANGKOK, 10110 TEL:+66 2168 7622 SHANGHAI, CHINA, BRANCH 24C ZHAO-FENG WORLD TRADE BUILDING 369
JIANGSU ROAD, CHANGNING DISTRICT, SHANGHAI, CHINA TEL:+86-21-3250-5981 FAX:+86-21-3250-5983 |
(Activity & Markets)
The Subject
provides the services worldwide, mainly in Japan.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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.