|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PP&Y
INTERNATIONAL CO., LTD. |
|
|
|
|
Registered Office : |
708, Yeongdong-daero, Gangnam-gu, Seoul,
Korea, Rm.908, Junghwa Bldg., 135-957 |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
23.01.2007 |
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|
|
|
Com. Reg. No.: |
104-86-05825 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
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|
|
|
Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
|
|
|
|
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 |
|
|
|
|
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 – December 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 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 |
PP&Y
INTERNATIONAL CO., LTD. (Korean Company
Name : “(주)피피앤와이인터내셔날”) |
|
Registered Address |
708, Yeongdong-daero, Gangnam-gu, Seoul,
Korea |
|
Building |
Rm.908, Junghwa Bldg. |
|
Zip Code |
135-957 |
|
Tel |
+82-2-778-7025~6 |
|
Fax |
+82-2-778-7027 |
|
E-mail |
fossil@ppny.co.kr;tale14@ppny.co.kr |
|
Trading Address |
Rm.908, Junghwa Bldg., 708,
Yeongdong-daero, Gangnam-gu, Seoul, Korea (Old Address System : Rm.908, Junghwa
Bldg., 132-19, Cheongdam-dong, Gangnam-gu,
Seoul, Korea) |
|
Tel |
+82-2-778-7025~6 |
|
Fax |
+82-2-778-7027 |
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Chemicals, Steel, General Goods, TCE, PCE |
|
Sub
Business |
Electronics, Food, Ocean Freight Brokerage
Services, General Transportation Services, Goods for Ships |
|
Established (mm/dd/yyyy) |
01/23/2007 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Name |
Yoon Pyeong-Ho |
|
Address |
A-1407, 227-7, Jayang-dong,
Gwangjin-gu, Seoul, Korea |
|
Date of Birth |
08/01/1968 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
100,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank |
|
Corporate Registered No. |
110111-3606021 |
|
Business Registered No. |
104-86-05825 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
01/23/2007 Incorporated as the present name 06/21/2007 Moved to the present HQ address
from 11, Mugyo-dong, Jung-gu, Seoul, Korea 07/22/2008 Increased capital to 100,000,000 KRW from 50,000,000 KRW 04/01/2011 Moved to the present HQ address from 2nd Fl., Christian
Literature Society Of Korea Bldg., 169-1, Samseong 1-dong, Gangnam-gu, Seoul,
Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Yoon Pyeong-Ho |
Male |
Korean |
01/23/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
82,300,000,000 |
|
327,000,000 |
|
|
2011 |
|
|
|
|
2010 |
38,438,000,000 |
4,038,000,000 |
45,000,000 |
|
2009 |
43,882,000,000 |
3,353,000,000 |
126,000,000 |
|
2008 |
50,752,000,000 |
2,241,000,000 |
332,000,000 |
Financial Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issues Shares |
20,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
4,038,000,000 |
3,353,000,000 |
2,241,000,000 |
|
Current Assets |
|
|
|
|
-Quick Assets |
|
|
|
|
-Inventories |
|
|
|
|
Fixed Assets |
|
|
|
|
-Investment |
|
|
|
|
-Tangibles |
|
|
|
|
-Intangibles |
|
|
|
|
Total Liabilities |
3,360,000,000 |
2,670,000,000 |
1,634,000,000 |
|
Current Liabilities |
|
|
|
|
Fixed Liabilities |
|
|
|
|
Capital Stock |
|
|
|
|
Capital Surplus |
|
|
|
|
Profit Surplus |
|
|
|
|
Capital Adjustment |
|
|
|
|
Total Equity |
678,000,000 |
683,000,000 |
607,000,000 |
|
Liab. & Shareholder’s Equity |
4,038,000,000 |
3,353,000,000 |
2,241,000,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
38,438,000,000 |
43,882,000,000 |
50,752,000,000 |
|
Cost of Sold Goods |
|
|
|
|
Gross Profit |
|
|
|
|
Selling & Admin. Expenses |
|
|
|
|
Operating Income |
|
|
|
|
Non-Operating Income |
|
|
|
|
Non-Operating Expenses |
|
|
|
|
Income Before Taxes |
|
|
|
|
Income Taxes Expenses |
|
|
|
|
Net Income |
45,000,000 |
126,000,000 |
332,000,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
|
|
|
|
-Net Income |
|
|
|
|
-Exp. without Cash Outflow |
|
|
|
|
-Revenue without Cash Inflows |
|
|
|
|
-Changes in Asset/ & Liability |
|
|
|
|
Cash Flows from Investing |
|
|
|
|
-Cash Inflow from Investing |
|
|
|
|
-Cash Outflows for Investing |
|
|
|
|
Cash Flows from Financing |
|
|
|
|
-Cash Inflows from Financing |
|
|
|
|
-Cash Outflows from Financing |
|
|
|
|
Increase/Decrease in Cash |
|
|
|
|
Cash at the Beginning of Year |
|
|
|
|
Cash at the End of Year |
|
|
|
|
Main Products & Services |
Chemicals, Steel, General Goods, TCE, PCE |
|
Competitors |
HYUNSUNG CHEMICAL CO., LTD. 7-314, INDUSTRIAL TOOLS CIRCULATING CENTER,
152-2, GAMJEON-DONG, SASANG-GU, BUSAN, KOREA TEL:+82-51-325-2981 FAX:+82-51-325-2982 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 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 |
|
Affiliates |
HI NATURE CO., LTD.(110111-2743634) 169-1, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-539-7025 |
The Subject exports
to Middle East and Africa.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.103.66 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
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.