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Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
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Name : |
AKK CO., LTD. |
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Formerly Known As : |
A.K. CO., LTD. |
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Registered Office : |
50, Yutongdanji-ro, Buk-gu, Daegu |
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Country : |
South Korea |
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Date of Incorporation : |
22.02.2002 |
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Com. Reg. No.: |
515-81-21471 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturer of Mould and Parts, Machinery
and Tools |
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No of Employees : |
5 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
AKK CO., LTD. (English Name: AUTO KOREA CO., LTD.) (Ex. Company Name : A.K. CO., LTD.,) |
|
Registered Address |
50, Yutongdanji-ro, Buk-gu, Daegu, Korea |
|
Building |
Rm.235,
Electric-Lighting Bldg., Daegu Yutong Danji |
|
Zip Code |
702-845 |
|
Tel |
+82-53-802-8878 |
|
Fax |
+82-53-817-5132 |
|
E-mail |
sunhokim22@msn.com |
|
Trading
Address |
Rm.235, Electric-Lighting Bldg., Daegu
Yutong Danji, 50, Yutongdanji-ro, Buk-gu, Daegu, Korea (Old Address System : Rm.235, Electric-Lighting Bldg., Daegu Yutong
Danji, 1666, Sangyeok 2-dong, Buk-gu, Daegu, Korea) |
|
Tel |
+82-53-802-8878 |
|
Fax |
+82-53-817-5132 |
|
Other
Address |
300, Sampung-dong ,Gyeongsan-si, Gyeongbuk, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Mould and Parts, Machinery
and Tools |
|
Main Business |
Lamps
and Lighting, Auto Parts and Accessories, Mold |
|
Established (mm/dd/yyyy) |
02/22/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Exterior automobile lighting(25172901) |
|
Sell |
Interior lighting and fixtures(39111500) |
|
Sell |
Lamps(39101600) |
|
Name |
Kim Sun-Ho |
|
Address |
Suite 206, 531-9, Sampung-dong, Gyeongsan-si,
Gyeongbuk, Korea |
|
Date of Birth |
10/25/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank-Jinryang Industrial
Complex Branch |
|
Corporate Registered No. |
174811-0028898 |
|
Business Registered No. |
515-81-21471 |
|
Permit & Licenses |
Int’l Trade No.: 13118552 |
|
Shareholder Position |
N/A |
|
Company History |
02/22/2002 Incorporated
as A.K. CO., LTD. 12/15/2011
Changed company name to the present name 12/16/2011
Moved to the present HQ address from #112, Testing
Production Factory, Kyungbuk Techno Park, 214-1, Dae-dong
,Gyeongsan-si, Gyeongbuk, Korea |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Sun-Ho |
Male |
Korean |
02/22/2002 |
|
Director |
M/S. |
Kim
Jeong-Ja |
Female |
Korean |
12/07/2006 |
|
Auditor |
Mr. |
Kim
Woo-Tak |
Male |
Korean |
11/17/2004 |
The financial is not available, and the
subject company does not have any obligation to release its financials to the
public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Main Products & Services |
The Subject is engaged in Mould Development
as follows; -Automotive Plastic Parts for Head & Rear
Lamp Bumper, Instrument Panel, Door Trim and Others -Production Facilities Engineering &
Manufacturing for Car Lighting System & Steel Part Welding Line |
|
Competitors |
THRU LAMP CORP. 63-7, JAK-DONG, OJEONG-GU, BUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-676-7574 FAX:+82-32-676-7573 KUKDONG ELECOM CO., LTD. 1509-12, DADAE 1-DONG, SAHA-GU, BUSAN,
KOREA TEL:+82-51-266-0050 FAX:+82-51-265-0985 JUNGBOK CO., LTD. 125-9, DANGGOK-RI, JILLYANG-EUP,
GYEONGSAN-SI, GYEONGSANGBUK-DO, KOREA TEL:+82-53-854-5600 FAX:+82-53-857-0459 |
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.47 |
|
|
1 |
Rs. 102.94 |
|
Euro |
1 |
Rs. 84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.