|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
KDA PLATEC CORPORATION |
|
|
|
|
Registered Office : |
261, Doyak-ro, Wonmi-gu,
Bucheon-si, Gyeonggi-do,
A-709, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15.06.2007 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacturer of Machine Parts Mold, PET Bottle, Plastic Caps, Molding Patterns,
Moulds and Industrial Patterns |
|
|
|
|
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 |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
Concern
Name |
KDA PLATEC
CORPORATION (Korean Concern Name : “케이디에이플라텍”) |
|
Registered Address |
261, Doyak-ro, Wonmi-gu,
Bucheon-si, Gyeonggi-do,
Korea |
|
Building |
A-709,
Daewoo Techno Park |
|
Zip Code |
420-806 |
|
Tel |
+82-32-670-8157 |
|
Fax |
+82-32-670-8159 |
|
Trading
Address |
A-709, Daewoo Techno Park, 261, Doyak-ro, Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea (Old Address System : A-709, Daewoo Techno Park, 187-7, Dodang-dong, Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea) |
|
Tel |
+82-32-670-8157 |
|
Fax |
+82-32-670-8159 |
|
Type |
Export |
|
Main Business |
Manufacturer
of Machine Parts Mold, PET Bottle, Plastic Caps, Molding Patterns, Moulds and
Industrial Patterns |
|
Established (mm/dd/yyyy) |
06/15/2007 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Industrial machinery components and
accessories(23153100) |
|
Name |
Choi Young-Man |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
3 |
|
Formation |
Sole
Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
130-37-***** (The numbers are kept by the
National Tax Service confidentially.) Because the subject’s full Business
Registered No., for checking through the National Tax Service whether the
subject is still existing or not, is not available, so we cannot confirm if
the subject exist or not legally.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The owner has 100% shares. |
|
Concern History |
06/15/2007 Established as the present name |
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Choi Young-Man |
Male |
Korean |
06/15/2007 |
The financials are
not available, and the Subject Concern does not have any obligations to release
its financials to the public.
|
Main Products & Services |
Machine
Parts Mold, PET Bottle, Plastic Caps, Molding Patterns, Moulds and Industrial
Patterns |
|
Customers |
DIAMOND INNOVATIONS INC. 1121 W, NEWPORT CENTER DIRVE DEERFIELD
BEACH FL 33442 US |
|
Competitors |
HAN HWANG INDUSTRY
CO., LTD. 362-4,
NAMYANG-DONG, JINHAE-GU, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-548-0700 FAX:+82-55-551-6780 SHINWON TECH
INC. 36B-12L,
NAMDONG INDUSTRIAL COMPLEX, 610-11, NAMCHON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-814-6331 FAX:+82-32-814-7301 JEONGJIN
INDUSTRY CO., LTD. 331-3,
YULPO-RI, GODEOK-MYEON, PYEONGTAEK-SI, GYEONGGI-DO, KOREA TEL:+82-31-665-3181 FAX:+82-31-667-1710 |
(Activity &
Markets)
The Subject exports
to USA.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
UK Pound |
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.