|
Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
PMS CO., LTD. |
|
|
|
|
Registered Office : |
303, Daedong-ro, Sasang-gu, Busan, Korea, Rm.711, Byuksan Digital
Valley 617-726 |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Date of Incorporation : |
05.02.2010 |
|
|
|
|
Com. Reg. No.: |
606-86-21694 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesales and Retails of Industrial
Machinery, Parts of Industrial Machinery |
|
|
|
|
No. of Employees |
Not Available |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
KOREA (SOUTH) - 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 governm
|
Source
: CIA |
|
Company Name |
PMS CO., LTD. (English Company Name : PIONEER MATERIAL
SUPPLY CO., LTD.) (Korean Company Name : “(주)피엠에스”) |
|
Registered Address |
303, Daedong-ro, Sasang-gu, Busan, Korea |
|
Building |
Rm.711, Byuksan Digital Valley |
|
Zip Code |
617-726 |
|
Tel |
+82-51-319-2982~3 |
|
Fax |
+82-51-319-2984 |
|
E-mail |
info@PMS-co.net;sales@pms-co.net |
|
Website |
www.pms-co.net |
|
Trading Address |
Rm.711, Byuksan Digital Valley, 303,
Daedong-ro, Sasang-gu, Busan, Korea (Old Address
System : Rm.711, Byuksan Digital Valley, 132-7,
Gamjeon-dong, Sasang-gu, Busan, Korea) |
|
Tel |
+82-51-319-2982~3 |
|
Fax |
+82-51-319-2984 |
|
Other Address |
14-203, BISM, 37, Gwaegam-ro, Sasang-gu,
Busan, Korea (Old Address System : 14-203, BISM, 578,
Gwaebeop-dong, Sasang-gu, Busan, Korea) |
|
Other Address-Shinpyung Branch |
72-1, Sinsan-ro, Saha-gu, Busan, Korea |
|
Type |
Export/Import |
|
Industry |
Wholesales
and Retails of Industrial Machinery, Parts of Industrial Machinery |
|
Main Business |
Standard Materials, Fabricated Products, Equipment, Accessories |
|
Established (mm/dd/yyyy) |
02/05/2010 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Industrial Machinery |
CEO’s
|
Name |
Kim Jung-Kwon |
|
Address |
Suite 2002, 103, 15, Munhwa-ro, Dongnae-gu,
Busan, Korea |
|
Date of Birth |
10/25/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
N/A |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
180111-0703983 |
|
Business Registered No. |
606-86-21694 |
|
Permit & Licenses |
Int’l Trade No.: 30684005 |
|
Shareholder Position |
N/A |
|
Company History |
02/05/2010 Incorporated as the present name 04/08/2010 Increased the authorized shares
to 1,000,000 shares 04/09/2010 Increased capital to 100,000,000
KRW from 5,000,000 KRW 10/25/2010 Moved to the present name from
6026, Daejeo 2-dong, Gangseo-gu, Busan, Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Jung-Kwon |
Male |
Korean |
04/08/2010 |
|
Director |
Mr. |
Shade Ali Tayari Paliyani |
Male |
Iran |
04/08/2010 |
|
Auditor |
M/S. |
Park Heung-Sook |
Female |
Korean |
03/06/2013 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
27,967,000,000 |
8,538,000,000 |
1,151,000,000 |
|
2010 |
15,250,000,000 |
3,833,000,000 |
1,081,000,000 |
|
2009 |
|
|
|
|
2008 |
|
|
|
Financial
Description
|
Authorized Capital(KRW) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Tube Sheets Baffle Tube Support Girth Flanges Dished Heads Finned Tube Finned Pipe Venturi and Ejector Precision Tube Plates, Sheets and Coils Clad Plates Forgings Castings Pipe Standard Flanges Gasket and Sealing Fittings Valves Pumps |
|
Affiliates |
COSMO TRADE & ENG(KOREA) |
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
|
1 |
Rs.100.78 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.