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Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAEIL SYSTEMS CO., LTD. |
|
|
|
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Registered Office : |
475-3, Maeng-ri, Wonsam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea |
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Country : |
Korea (South) |
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Date of Incorporation : |
06.02.1996 |
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|
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Com. Reg. No.: |
117-81-15867 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Measuring, Testing, Navigation, Control and Other
Precision Instruments |
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No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
DAEIL SYSTEMS CO., LTD. |
|
Registered Address |
475-3, Maeng-ri, Wonsam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do,
Korea |
|
Zip Code |
449-871 |
|
Tel |
+82-31-339-3375 |
|
Fax |
+82-31-339-3376 |
|
E-mail |
daeil@daeilsys.com |
|
Website |
www.daeilsys.com |
|
Trading Address |
40, Maengni-ro, Wonsam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea (Old Address System : 475-3, Maeng-ri, Wonsam-myeon, Cheoin-gu,
Yongin-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-339-3375 |
|
Fax |
+82-31-339-3376 |
|
Other Address-2nd Factory |
7, Goan-ro 7beon-gil, Baegam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do,
Korea |
|
Tel |
+82-31-334-3375 |
|
Fax |
|
|
Other Address-R&D Center |
660, Daewangpangyo-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Measuring, Testing, Navigation, Control and Other
Precision Instruments |
|
Main Business |
Vibration Isolation, Optical Table |
|
Established (mm/dd/yyyy) |
02/06/1996 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Machine mounts or vibration isolators(23153130) |
|
Sell |
Optical industry machinery and equipment and supplies(23151700) |
|
Sell |
Pipe flanges(40142400) |
|
Sell |
Measuring and observing and testing instruments(41110000) |
|
Buy |
Fluid and gas regulators(40142200) |
|
Buy |
Casters(31162701) |
|
Buy |
Steel plate(30102204) |
CEO’s
|
Name |
Kim Kwang-San |
|
Address |
Suite 109-1304, 86, Seongbok 2-ro, Suji-gu,
Yongin-si, Gyeonggi-do, Korea |
|
Date of Birth |
01/12/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
550,000,000 |
|
Employees |
35 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Industrial Bank of Korea-Yongin Branch |
|
Corporate Registered No. |
110111-1239874 |
|
Business Registered No. |
117-81-15867 |
|
Permit & Licenses |
Int’l Trade No.: 11313209 10/1997 ISO 9001 |
|
Shareholder Position |
N/A |
|
Company History |
02/01/1984 Established as Daeil Kigong
Co.(Sole Proprietorship) 02/06/1996 Incorporated as the present name 10/1999 Designated as a Venture Business 03/08/2010 Designated as a Venture Business
again |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Kwang-San |
Male |
Korean |
03/30/2007 |
|
Director |
M/S. |
Kim Yang-Hee |
Female |
Korean |
03/25/2001 |
|
Director |
Mr. |
Lee Ki-Eok |
Male |
Korean |
03/30/2010 |
|
Auditor |
Mr. |
Park Sam-Ha |
Male |
Korean |
03/30/2004 |
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) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
550,000,000 |
|
Total Issued Shares |
55,000 |
Products, Technologies,
Services Description
|
Main Products & Services |
Vibration Isolation, Optical Table |
Trade Partners
& Competitors
|
Customers |
SAMSUNG ELECTRONICS CO,.LTD.(130111-0006246) LG INNOTEK CO., LTD.(110111-0192180) |
|
Competitors |
NANO HI-TECH CO., LTD. MA-108, CHEOMDAN CIRCULATION COMPLEX,
399-8, DORYONG-DONG, YUSEONG-GU, DAEJEON, KOREA TEL:+82-42-862-0220 FAX:+82-42-861-0512 JS RESEARCH INC. 176-1, BONGAN-RI, JANGGI-MYEON, GONGJU-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-856-3677 FAX:+82-41-856-3679 YEONGIL INDUSTRIAL EQUIPMENT CO., LTD. 47-3, WONMI 1-DONG, WONMI-GU, BUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-662-1141 FAX:+82-32-666-1151 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Overseas Office |
QINGDAO DAEIL SYSTEMS CO., LTD. 3RD FL., RM.3004, SINO-KOREA
INTERNATIONAL COMMODITY CITY, NO.2, CHENGYANG DISTRICT, QINGDAO CITY, 266108,
CHINA TEL:+86-532-6679-2224 FAX:+86-532-6679-2428 |
Sales by Region
(Activity & Markets)
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.