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Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARTECK CORP. |
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Registered Office : |
12, World Cup buk-ro 5ga-gil, Mapo-gu, |
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Country : |
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Date of Incorporation : |
24.12.2009 |
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Com. Reg. No.: |
105-87-39325 |
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Legal Form : |
Company Listed By
Shares |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products. |
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No. of Employees : |
11 |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. South 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. South 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-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 is likely to
face the challenge 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,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP.
|
Source
: CIA |
Basic
|
Company Name |
PARTECK CORP. (Korean Company Name : “(주)파텍상사”) |
|
Registered Address |
12, World Cup buk-ro 5ga-gil, Mapo-gu, Seoul, Korea |
|
Building |
4th Fl., Seogyo Bldg. |
|
Zip Code |
121-841 |
|
Tel |
+82-2-324-8526 |
|
Fax |
+82-2-324-8528 |
|
E-mail |
kim-mr1305@hanmail.net |
|
Website |
parteck.cafe24.com |
|
Trading Address |
4th Fl., Seogyo Bldg., 12, World Cup buk-ro 5ga-gil, Mapo-gu, Seoul,
Korea (Old Address System : 4th Fl., Seogyo Bldg., 448-24, Seogyo-dong, Mapo-gu,
Seoul, Korea) |
|
Tel |
+82-2-324-8526 |
|
Fax |
+82-2-324-8528 |
|
Other Address |
405, Sanggeum-gil, Bongsan-myeon, Gimcheon-si, Gyeongsangbuk-do, Korea |
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Adsorbents |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
12/24/2009 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
CEO’s
|
Name |
Kim Young-Soon |
|
Address |
Suite 1007-103, 67, Jungang-dong,
Gwacheon-si, Gyeonggi-do, Korea |
|
Date of Birth |
08/02/1956 |
|
Title |
President & CEO |
|
Sex |
Female |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
128,040,000 |
|
Employees |
11 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Shinhan Bank-Seogyo Branch |
|
Corporate Registered No. |
110111-4248575 |
|
Business Registered No. |
105-87-39325 |
|
Permit & Licenses |
Int’l Trade No.: 11865609 |
|
Shareholder Position |
N/A |
|
Company History |
03/03/1997 Established as PARTECK
CORP.(Sole Proprietorship) 12/24/2009 Incorporated as the present name 03/19/2013 Increased capital to 128,040,000
KRW from 100,000,000 KRW 03/29/2013 Acquired PARTECK C&T
CO., LTD.(110111-3484881) |
|
|
|
Detailed Information
MANAGEMENT
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Kim Young-Soon |
Female |
Korean |
12/24/2012 |
|
Director |
M/S. |
Park Ju-Hee |
Female |
Korean |
12/24/2012 |
|
Auditor |
Mr. |
Hwang Sun-Ki |
Male |
Korean |
05/16/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
14,7910,080,000 |
|
830,570,000 |
|
2010 |
10,543,920,000 |
5,332,000,000 |
697,670,000 |
|
2009 |
9,215,990,000 |
2,729,000,000 |
783,800,000 |
|
2008 |
|
|
|
The latest & full financials are not available,
and the Subject Company does not have any obligations to release its financials
to the public.
Financial Description
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
128,040,000 |
|
Total Issued Shares |
12,804 |
Products, Technologies, Services Description
|
Main Products & Services |
Adsorbents |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
|
|
Customers |
WOOJIN CHEMICAL CO., LTD.(KOREA) HANSEO CHEM CO., LTD.(KOREA) SEUNGIL CO., LTD.(KOREA) GS CHEM CO., LTD.(KOREA) |
|
Competitors |
JUNYOUNG CORPORATION 6TH FL., GREEN POINT BLDG., 655-12,
SINSA-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-8595 FAX:+82-2-547-8598 COGNIS KOREA LTD. 5TH FL., GANGNAM METRO BLDG., 1339-9,
SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3489-7600 FAX:+82-2-584-7603 NAMDUCK MOOLSAN CO., LTD. RM. 1014, YEOUIDO DEPT. STORE, 36-2,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3774-0900 FAX:+82-2-3774-0901 |
Sales by Region (Activity & Markets)
The Subject exports to Taiwan, Indonesia and
China.
Court Action
Not Available.
News Clipping
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.103.54 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.