|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMT CO., LTD. |
|
|
|
|
Registered Office : |
416, Geumgok-daero, Buk-gu, Busan, Korea |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Date of Incorporation : |
15.07.2013 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesales of Taps, Valves and Similar Products |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New company |
|
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) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. 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 |
AMT CO., LTD. |
|
Registered Address |
416, Geumgok-daero, Buk-gu, Busan, Korea |
|
Zip Code |
616-833 |
|
Tel |
+82-51-941-9260 +82-51-361-9261~2 |
|
Fax |
+82-51-941-8260 |
|
E-mail |
amt.joy@gmail.com;amt@amt.ne.kr |
|
Website |
www.amt.ne.kr |
|
Trading Address |
416, Geumgok-daero, Buk-gu, Busan, Korea (Old Address System :182-4, Hwamyeong 2-dong, Buk-gu, Busan, Korea) |
|
Tel |
+82-51-941-9260 |
|
Fax |
+82-51-941-8260 |
|
Other Address-Shop & Factory |
383-1, Jukdong-dong, Gangseo-gu, Busan, Korea |
|
Type |
Export |
|
Industry |
Wholesales of Taps, Valves and Similar Products |
|
Main Business |
Flange, Fittings, Forging, Energy
Generation Parts |
|
Established (mm/dd/yyyy) |
07/15/2013 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pipe fittings(40142300) |
|
Sell |
Pipe flanges(40142400) |
|
Sell |
Forgings(31130000) |
CEO’s
|
Name |
Choi Jong-Hyun(Joy) (Mobile :
+82-10-2575-9260) |
|
Address |
Suite 102-3504, 166, Geumgok-daero, Buk-gu,
Busan, Korea |
|
Date of Birth |
03/11/1973 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
180111-0869470 |
|
Business Registered No. |
606-86-***** (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 |
Int’l Trade No.: 30705995 |
|
Shareholder Position |
N/A |
|
Company History |
06/15/2009 Established as AMT CO.(Sole
Proprietorship) at Rm.202, Riverpark, 2278-1, Hwamyeong 3-dong, Buk-gu,
Busan, Korea 07/15/2013 Incorporated as the present name |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Choi Jong-Hyun(Joy) |
Male |
Korean |
06/15/2009 |
|
Auditor |
M/S. |
Kim Chun-Yeob |
Female |
Korean |
07/15/2013 |
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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
Products, Technologies,
Services Description
|
Main Products & Services |
Flange, Fittings |
Trade Partners
& Competitors
|
Suppliers |
KD FLANGE CO., LTD.(180111-0545658) 651-10, EOMGUNG-DONG, SASANG-GU, BUSAN, KOREA TEL:+82-51-323-2438 FAX:+82-51-324-2438 |
|
Competitors |
KPC CORPORATION(170111-0019605) 301-7, GAKSAN-DONG, DONG-GU, DAEGU, KOREA TEL:+82-53-962-4839 FAX:+82-53-962-6383 HYUNDAI TITANIUM(110111-1115488) 67B-13L, NAMDONG INDUSTRIAL COMPLEX, 628,
GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-813-0114 FAX:+82-32-813-9114 ALL MET CO., LTD.(135511-0129780) 2MA-507-1, SIHWA INDUSTRIAL COMPLEX,
2092-13, JEONGWANG 2-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-496-9611 FAX:+82-31-496-9612 |
Sales by Region
(Activity & Markets)
The Subject exports to India and Indonesia.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.