|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PHARMACARES KOREA |
|
|
|
|
Registered Office : |
177,
Sagimakgol-ro, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea Rm.410,
Keumgang Hitech Valley 462-724 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
01.11.2007 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesales of Corrugated Cardboard and Cardboard Boxes |
|
|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Basic
|
Company Name |
PHARMACARES KOREA (Korean Company Name : “팜케어스코리아”) |
|
Registered
Address |
177, Sagimakgol-ro,
Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Building |
Rm.410, Keumgang Hitech Valley |
|
Zip Code |
462-724 |
|
Tel |
N/A |
|
Fax |
N/A |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm.410, Keumgang Hitech Valley, 177, Sagimakgol-ro, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea (Old Address System : Rm.410, Keumgang Hitech Valley, 133-1, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea) |
|
Tel |
N/A |
|
Fax |
N/A |
|
Type |
Export/Import |
|
Industry |
Wholesales of Corrugated Cardboard and Cardboard Boxes |
|
Main Business |
Cases for
Pharmaceuticals, Corrugated Cardboard Boxes, Paper Boxes |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
11/01/2007 |
Detailed Products
|
Activity |
Detailed Products
(UNSPSC) |
|
Sell |
Cases for Pharmaceuticals |
|
Sell |
Packing Materials |
CEO’s
|
Name |
Bae Mi-Hyun |
|
Address |
|
|
Date of Birth |
07/10/1973 |
|
Title |
Owner |
|
Sex |
Female |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable
to the Sole Proprietorship |
|
Employees |
3 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Woori
Bank-Gwacheon Branch |
|
Corporate
Registered No. |
Not Applicable
to the Sole Proprietorship |
|
Business
Registered No. |
124-43-39***(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.) |
|
Permit &
Licenses |
N/A |
|
Shareholder
Position |
The owner has
100% shares. |
|
Company
History |
11/01/2007
Established as the present name |
The mobile
Phone, +82-17-334-5582, has changed to +82-10-6334-5582.
The premise(Land
: 36.8m2 / Building : 142.28m2) at Rm.410, Keumgang Hitech Valley,
133-1, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea, has been owned by M/S. Bae Mi-Hyun(DOB : 07/10/1973)
since 03/02/2010. And it has been pledged to Gwacheon Branch of Woori
Bank(110111-0023393) as Collateral amounting 120,000,000 KRW.
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
M/S. |
Bae Mi-Hyun |
Female |
Korean |
11/01/2007 |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
1,013,000,000 |
|
|
|
2008 |
396,000,000 |
|
|
The latest and
full 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 Issues
Shares |
Not Applicable
to the Sole Proprietorship |
Products,
Technologies, Services Description
|
Main Products
& Services |
Cases for
Pharmaceuticals, Corrugated Cardboard Boxes, Paper Boxes |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
DAESUNG C&C
CO., LTD.(124411-0062810) |
|
Customers |
|
|
Competitors |
HIGH TECH
PHARM. CO., LTD. 576-1, SEONGBON-RI,
DAESO-MYEON, EUMSEONG-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-883-0012 FAX:+82-43-883-0014 HANSEO CHEM
CO., LTD. 2-DANJI,
POSEUNG NATIONAL INDUSTRIAL COMPLEX, 1206-14, WONJEONG-RI, POSEUNG-EUP,
PYEONGTAEK-SI, GYEONGGI-DO, KOREA TEL:+82-31-682-8655 FAX:+82-31-682-8656 DAEBONG LS
CO., LTD. 122B-9L,
NAMDONG INDUSTRIAL COMPLEX, 692-8, GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-817-8800~7 FAX:+82-32-817-8808 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
|
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.