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Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ENC GLOBAL CO., LTD. |
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Formerly Known as : |
Daeki Corporation |
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Registered Office : |
358-39, Hosu-ro, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea, Rm. 315, Dongmun Good Morning Tower 1-cha, Zip Code 410-704 |
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Country : |
South Korea |
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Date of Incorporation : |
17.12.1999 |
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Com. Reg. No.: |
122-81-60063 |
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Legal Form : |
Co., Ltd. by Shares |
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Line of Business : |
Wholesaler of Other Chemical Materials and Chemical Products such as Cyclopentane, C9Plus, Iso Pentane, Normal Pentane, IP20, IP40, DEG, Hydrogen Peroxide, Toluene & Mixed Xylene. |
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No. of Employees |
04 |
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 |
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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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. 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 |
ENC GLOBAL CO., LTD. (Korean Company Name : “(주)이앤씨글로벌”) |
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Registered
Address |
358-39, Hosu-ro, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea |
|
Building |
Rm. 315, Dongmun Good Morning Tower 1-cha |
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Zip Code |
410-704 |
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Tel |
+82-31-906-5035 |
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Fax |
+82-31-906-5037 |
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E-mail |
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Website |
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Trading Address |
Rm. 315, Dongmun Good Morning Tower 1-cha, 358-39, Hosu-ro, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea (Old Address System : Rm. 315, Dongmun Good Morning Tower 1-cha, 1323, Baekseok 2-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea) |
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Tel |
+82-31-906-5035 |
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Fax |
+82-31-906-5037 |
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Type |
Export |
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Industry |
Wholesaler of Other Chemical Materials and Chemical
Products such as Cyclopentane, C9Plus, Iso
Pentane, Normal Pentane, IP20, IP40, DEG, Hydrogen Peroxide, Toluene &
Mixed Xylene. |
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Established
(mm/dd/yyyy) |
12/17/1999 |
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Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Cyclopentane |
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Name |
Song Young-Chul(Mobile :+82-10-5581-5033) |
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Address |
Suite 406-902,
45, Wi city 4-ro, Ilsandong-gu, Goyang-si, Gyeonggi-do,
Korea |
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Date of Birth |
10/05/1960 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
550,000,000 |
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Employees |
4 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan
Bank-Gyesan Dong Branch Korea Exchange
Bank |
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Corporate Registered
No. |
1201110-208977 |
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Business
Registered No. |
122-81-60063 |
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Permit &
Licenses |
Int’l Trade No.: 14106437 |
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Shareholder
Position |
N/A |
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Company
History |
12/17/1999
Incorporated as Daeki Corporation 03/05/2008 Moved
to the present HQ address from 1081-7, Gyesan-dong,
Gyeyang-gu, Incheon, Korea 06/15/2009
Changed company name to the present name |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative Director |
Mr. |
Song Young-Chul |
Male |
Korean |
10/22/2001 |
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Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
2007 |
16,149,000,000 |
2,579,000,000 |
149,000,000 |
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2006 |
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2005 |
11,584,000,000 |
2,036,000,000 |
181,000,000 |
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2004 |
9,959,000,000 |
1,713,000,000 |
145,000,000 |
The latest &
full 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) |
1,000,000,000 |
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Paid-Up
Capital(KRW) |
550,000,000 |
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Total Issued
Shares |
110,000 |
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Main Products
& Services |
Cyclopentane, C9Plus, Iso
Pentane, Normal Pentane, IP20, IP40, DEG, Hydrogen Peroxide, Toluene &
Mixed Xylene. |
|
Competitors |
DONG HAE GAS INDUSTRIAL CO., LTD. 913-2, YEOCHEON-DONG, NAM-GU, ULSAN, KOREA TEL:+82-52-260-3311~7 FAX:+82-52-267-1141 DONG YANG INDUSTRIAL GASES CO., LTD. 153-1, SAM-RI, SILCHON-EUP, GWANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-764-6635
FAX:+82-31-764-7037 GREEN INDUSTRIAL GAS CO., LTD. 40, ORYUN-RI, DOSAN-MYEON, TONGYEONG-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-648-7576 FAX:+82-55-648-7508 |
(Activity &
Markets)
The Subject
exports to China.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
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|
1 |
Rs.98.82 |
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Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
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 |
-- |
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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.