|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BANDO TEXMAC CO. |
|
|
|
|
Formerly Known As : |
BANDO PRECISION MACHINERY CO. |
|
|
|
|
Registered Office : |
42, Chimsan-ro 67-gil, Buk-gu, Daegu, Korea, 702-872 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
08.02.1979 |
|
|
|
|
Com. Reg. No.: |
504-06-86098 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacture of Sewing Machines |
|
|
|
|
No. of Employees : |
3 |
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, 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 |
Basic
|
Company Name |
BANDO TEXMAC CO. (Ex. Company Name : BANDO PRECISION MACHINERY CO.) |
|
Registered Address |
42, Chimsan-ro 67-gil, Buk-gu, Daegu, Korea |
|
Zip Code |
702-872 |
|
Tel |
+82-53-359-2838 |
|
Fax |
+82-53-359-2839 |
|
E-mail |
master@bdmac.co.kr |
|
Website |
www.bdmac.co.kr |
|
Trading Address |
42, Chimsan-ro 67-gil, Buk-gu, Daegu, Korea (Old Address System : 879-2, Chimsan 1-dong, Buk-gu, Daegu, Korea) |
|
Tel |
+82-53-359-2838 |
|
Fax |
+82-53-359-2839 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Sewing Machines |
|
Main Business |
Automatic Towel Cross Hemming Machine, Automatic Longitudinal Hemming Machine,
Automatic Slitting Machine, Automatic Cutting Machine for terry Towel |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
02/08/1979 |
Mr. Lee Bang-Boo owns the premises of registered
HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Sewing machines(23121614) |
|
Sell |
Cutting machines(23101508) |
|
Sell |
Paper cutting machines or accessories(44101601) |
|
Sell |
Textile processing machinery and accessories(23121500) |
|
Buy |
Tape(31201500) |
|
Buy |
Aluminum(11101705) |
|
Buy |
Packaging boxes(24121503) |
|
Buy |
Iron plate(30102203) |
|
Buy |
Non metallic pails(24112205) |
CEO’s
|
Name |
Lee Bang-Boo |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
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. |
504-06-86098 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
02/08/1979 Established as Lee Towel Engineering Co. 02~10/1979 Developed These Machines As Follows : - The Automatic Slitting Machine For Multiple Width Fabric - The Automatic Cutting Machine For Piece Fabric - The Automatic Longitudinal Hemming Machine 02/1980 Changed The Company Name To Bando Precision Machinery Co. 05/1982 Developed The Automatic Sewing System For Blanket. (The Automatic Slitting, Cutting And Hemming Machines) 03/1985 Developed The Automatic Sewing System For Bed Sheet. (The Automatic Cutting And Hemming Machines) 10/1987 Developed The Automatic Cross Cutting & Hemming Machine
For Piece Fabric. 04/1990 Developed Automatic Hemming Machine For Multiple Bag. (For Chemical Resin Bag, Cement Bag, Corn Bag) 06/1994 Developed The Automatic Cutting Machine Of Wool Pack. 03/1995 Developed The Automatic Grinding & Polishing Machine. 12/1998 Developed The Automatic Sewing Machine For Wool Pack. 04/2012 Changed company name to the present name |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Lee Bang-Boo |
Male |
Korean |
02/08/1979 |
Financials
The 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) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Total Issued Shares |
Not Applicable to the Sole Proprietorship |
Products,
Technologies, Services Description
|
Main Products & Services |
Automatic Towel Cross Hemming Machine This machine is a fully automatic
high-speed towel hemming and sewing machine. It has production capacity of 45
dizens per hour. Its performance has been drastically improved with quietness
and beautiful finish. This is the towel hemming machine for face
towels which promises high-quality, homogeneous hem processing through the
stable performance and productivity attained by the continuous works from
cutting, hem folding, labeling and sewing. Automatic Longitudinal Hemming Machine The Automatic Longitudinal Hemming Machine
is equipped with two sewing machines, one on the right and one the left side,
for the longitudinal hemming of towels, table linen, sheets, scarf, blanket,
and similar products. Automatic Slitting Machine Automatic controlled fabric alignment
device in connection with photoelectronic fabric guide. Number of cutting
devices depend on numbers of textile width to be cut. All cutters steer themselves autonomously
and independently from each other. Photoelectronically controlled central
cutters motion. Marking line tolerances caused by finishing or printing are
manually be regulated all during being in process. Variable electroic speed gearing be
regulated from 5m/min up to about 50m/min, depending of fabric quality and
numbers of fabric widths. Automatic Cutting Machine for terry Towel The cutter for towels is a very versatile
and precise machine. It is equipped with systems for the straightening of the
towel before it is cut. Fabric will be aligned with in the smooth fabric
according to terry loops and will be cut automatically in its center. Length weaving faults and butt end sewings
are electronically controlled and can be cut out in the cutter. One operator can operate up to 2 or 3
cutters. Cutting performance depends on length of fabric, towel sizes,
numbers of weaving faults, numbers of butt end sewings |
Trade Partners
& Competitors
|
Competitors |
SUNSTAR PRECISION CO., LTD. 178-67, GAJWA 1-DONG, SEO-GU, INCHEON,
KOREA TEL:+82-32-580-5800 FAX:+82-32-571-4546 UNICORN INDUSTRIAL SEWING MACHINE CORP. BROTHER BLDG., 233-8, YONGDAP-DONG,
SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-3444-9289 FAX:+82-2-3446-2773 WONCHANG MACHINERY CO., LTD. 1029, DAECHEON-DONG, DALSEO-GU, DAEGU,
KOREA TEL:+82-53-582-1911 FAX:+82-53-582-1915 |
Sales by Region
(Activity & Markets)
The Subject deals with the companies in China, India, Pakistan,
Philippines and Vietnam.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.