|
Report Date : |
18.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEST CHEM INTERNATIONAL |
|
|
|
|
Registered Office : |
16-39, LS-ro 91beon-gil, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Date of Incorporation : |
02.03.2007 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Manufacture of Other Special Purpose Machinery |
|
|
|
|
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) |
|
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 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.
|
Source
: CIA |
Basic
|
Company Name |
BEST CHEM INTERNATIONAL (Trade Name : BCI) |
|
Registered Address |
16-39, LS-ro 91beon-gil, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Building |
Rm. 1205, Anyang IT Valley |
|
Zip Code |
431-848 |
|
Tel |
+82-31-343-0550 |
|
Fax |
+82-31-601-8586 |
|
E-mail |
sales@bcim.co.kr |
|
Website |
www.bcim.co.kr |
|
Trading Address |
Rm. 1205, Anyang IT Valley, 16-39, LS-ro 91beon-gil, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea (Old Address System : Rm. 1205, Anyang IT Valley, 1027, Hogye 1-dong,
Dongan-gu, Anyang-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-343-0550 |
|
Fax |
+82-31-601-8586 |
|
Type |
Export |
|
Industry |
Manufacture of Other Special Purpose Machinery, n.e.c. |
|
Main Business |
Air Filter Line, Oil Filter Line, Fuel Filter Line, E-co Filter Line,
PVC Sol, Polyurethane |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
03/02/2007 |
The Subject Company occupies the premises of
registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Rubber and plastic processing machinery and equipment and
supplies(23151500) |
|
Sell |
Conveyors and accessories(24101700) |
CEO’s
|
Name |
Hur Yeon-Sook |
|
Title |
Owner |
|
Sex |
Female |
|
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. |
129-30-***** (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 |
03/02/2007 Established as the present name |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
M/S. |
Hur Yeon-Sook |
Female |
Korean |
03/02/2007 |
|
Director |
Mr. |
Charlie Shin |
Male |
Korean |
03/02/2007 |
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 Issues Shares |
Not Applicable to the Sole Proprietorship |
Products,
Technologies, Services Description
|
Main Products & Services |
PU Foaming M/C Paper Pleating M/C Spot Welder for Air Filter Core Paper Pleating M/C Dust Film Covering M/C UV Dryer 2 Color Printer Dry Leak Tester PVC Sol(Glue) Dispenser Gasket (O-Ring) Inserting M/C Seaming M/C Sealing Compounding M/C Spot Welder Trimming M/C Spiral Tube Making M/C Hydraulic Press Deep Drawing M/C Clipping M/C Paper Pleating M/C Big Size Eco-Filter Making M/C Eco-Filter Making M/C Paper Pleating M/C Clipping M/C for Eco-Filter Glue (PVC SOL) for Automotive Oil Filter /
Industrial Filter |
Trade Partners
& Competitors
|
Competitors |
GEO CHANG MACHINERY CO., LTD. 131-1, MAE-RI, SANGDONG-MYEON, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-329-1790 FAX:+82-55-329-1792 KUMJEUN POLYURETHANE ENGINEERING CO. 388-14, SAMNAK-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-303-3651~3 FAX:+82-51-303-3654 C & K CORPORATION RM. 206, BIBONG BLDG., 1123-1, INGYE-DONG,
PALDAL-GU, SUWON-SI, GYEONGGI-DO, KOREA TEL:+82-31-239-2936 FAX:+82-31-239-2938 |
Sales by Region
(Activity & Markets)
The Subject exports to China and Pakistan.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.85.23 |
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.