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Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
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Name : |
DEA DEOK
INTERNATIONAL INC. |
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Registered Office : |
29, Heomanseok-ro, Jochiwon-eup, Sejong-si,
Korea, Zip Code 339-804 |
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Country : |
South Korea |
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Date of Incorporation : |
05.03.2010 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Hardware and fittings as well as Machine-Tools |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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 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, and heavy reliance on exports - which comprise about half of GDP.
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Source : CIA |
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Company Name |
DEA DEOK INTERNATIONAL INC. (Korean Company Name : “(주)대덕”) |
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Registered Address |
29, Heomanseok-ro, Jochiwon-eup, Sejong-si,
Korea |
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Zip Code |
339-804 |
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Tel |
+82-44-862-3479 |
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Fax |
+82-44-864-8318 |
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Trading
Address |
29,
Heomanseok-ro, Jochiwon-eup, Sejong-si, Korea (Old Address System : 126-1, Beonam-ri, Jochiwon-eup, Sejong, Korea) |
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Tel |
+82-44-862-3479 |
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Fax |
+82-44-864-8318 |
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Type |
Export/Import |
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Industry |
Wholesaler of Hardware and fittings as well as Machine-Tools |
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Established (mm/dd/yyyy) |
03/05/2010 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Hardware
and fittings(40141700) |
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Name |
Kim Tae-Gun |
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Address |
127-4,
Beonam-ri, Jochiwon-eup, Sejong, Korea |
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Date of Birth |
Male |
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Title |
Korean |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
40,000,000 |
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Employees |
N/A |
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Formation |
Co.,
Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
150111-0134291 |
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Business Registered No. |
317-81-17*** (The full 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.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
03/05/2010 Incorporated as the present name 06/29/2010 Moved to the present HQ address
from 210-7, Osong-ri, Osong-eup, Cheongwon-gun, Chungcheongbuk-do, Korea |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Kim Tae-Gun |
Male |
Korean |
11/04/2010 |
|
Director |
Mr. |
Kim Young-Dal |
Male |
Korean |
11/04/2010 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
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Authorized Capital(KRW) |
160,000,000 |
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Paid-Up Capital(KRW) |
40,000,000 |
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Total Issued Shares |
8,000 |
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Main Products & Services |
Hardware
and fittings as well as
Machine-Tools |
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Competitors |
SEUNG BO
MECHA TECH CO., LTD. 269-1, GWANHO-RI,
YAKMOK-MYEON, CHILGOK-GUN, GYEONGSANGBUK-DO, KOREA TEL:+82-54-975-6526~7 FAX:+82-54-975-6530 JE-IL
PRODUCTION CO., LTD. 889-1,
DALSAN-RI, JEONGGWAN-MYEON, GIJANG-GUN, BUSAN, KOREA TEL:+82-51-727-5525 FAX:+82-51-727-5528 JINHAP CO.,
LTD. RM. B-5, INDUSTRIAL COMPLEX Ⅱ, 40-57, DAEHWA-DONG, DAEDEOK-GU, DAEJEON, KOREA TEL:+82-70-7430-1800 FAX:+82-70-7442-7785 |
(Activity & Markets)
Not Available.
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
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UK Pound |
1 |
Rs.99.17 |
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Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.