MIRA INFORM REPORT

 

 

Report Date :

04.10.2014

 

IDENTIFICATION DETAILS

 

Name :

KPT CO., LTD.

 

 

Registered Office :

16, Osongsaengmyeong 1-ro, Osong-eup, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

21.05.2005

 

 

Com. Reg. No.:

301-81-83053

 

 

Legal Form :

Company Limited By Shares

 

 

Line of Business :

Wholesale and Retails of Cosmetics.

 

 

No of Employees :

8

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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. 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 Information

 

Company Name

KPT CO., LTD.

(English Company Name : KOREA PARTICLE TECHNOLOGY CO., LTD.)

(Korean Company Name : “(주)케이피티”)

Registered Address

16, Osongsaengmyeong 1-ro, Osong-eup, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea

Building

 

Zip Code

361-951

Tel

+82-43-215-7725

Fax

+82-303-0940-7726

E-mail

starpheres119@gmail.com;ida21love@starpheres.com

Website

www.starpheres.com

Trading Address

16, Osongsaengmyeong 1-ro, Osong-eup, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea

(Old Address System : 685, Yeonje-ri, Osong-eup, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea)

Tel

+82-43-215-7725

Fax

+82-303-0940-7726

Other Address

 

Tel

 

Fax

 

Type

Export/Import

Industry

Wholesales and Retails of Cosmetics

  Main Business

Cosmetics, Food, Pharmaceuticals

  Sub Business

 

Established (mm/dd/yyyy)

05/21/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cosmetics(53131619)

 

 

CEO’s

 

Name

Lee Jae-Uk

Address

Suite 602-2502, 98, Banseokseo-ro, Yuseong-gu, Daejeon, Korea

Date of Birth

05/05/1969

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

444,500,000

Employees

8

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

154311-0017407

Business Registered No.

301-81-83053

Permit & Licenses

Int’l Trade No.: 23109405

Shareholder Position

N/A

Company History

05/21/2005 Incorporated as the present name

01/19/2011 Moved to the present HQ address from 686-4, Yangcheong-ri, Ochang-eup, Cheongwon-gu, Cheongju-si, Chungcheongbuk-do, Korea

07/30/2012 Increased capital to 200,000 shares from 80,000 shares

07/31/2012 Increased capital to 444,500,000 KRW from 400,000,000 KRW

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Jae-Uk

Male

Korean

03/31/2011

Director

M/S.

Kim Mi-Hee

Female

Korean

03/31/2011

Auditor

Mr.

Park Byung-Ho

Male

Korean

03/31/2011

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2013

6,293,000,000

8,069,000,000

1,102,000,000

2012

3,798,000,000

6,360,000,000

202,000,000

2011

3,786,000,000

4,743,000,000

655,000,000

2010

2,785,000,000

3,830,000,000

591,000,000

2009

2,089,000,000

2,348,000,000

300,000,000

 

 

Financial Description

 

Authorized Capital(KRW)

1,000,000,000

Paid-Up Capital(KRW)

444,500,000

Total Issued Shares

88,900

 

Balance Sheet

Unit : Korean Won

As of 12/31/2013

As of 12/31/2012

As of 12/31/2011

Total Assets

8,069,000,000

6,360,000,000

4,743,000,000

Current Assets

3,219,000,000

1,922,000,000

1,569,000,000

-Quick Assets

-

-

-

-Inventories

-

-

-

Fixed Assets

4,850,000,000

4,438,000,000

3,174,000,000

-Investment

-

-

-

-Tangibles

-

-

-

-Intangibles

-

-

-

Total Liabilities

2,788,000,000

2,181,000,000

2,065,000,000

Current Liabilities

682,000,000

625,000,000

776,000,000

Fixed Liabilities

2,106,000,000

1,556,000,000

1,289,000,000

Capital Stock

445,000,000

445,000,000

100,000,000

Capital Surplus

-

-

-

Profit Surplus

-

-

-

Capital Adjustment

-

-

-

Total Equity

5,281,000,000

4,179,000,000

2,678,000,000

Liab. & Shareholder’s Equity

8,069,000,000

6,360,000,000

4,743,000,000

 

Income Statement

Unit : Korean Won

As of 12/31/2013

As of 12/31/2012

As of 12/31/2011

Sales

6,293,000,000

3,798,000,000

3,786,000,000

Cost of Sold Goods

4,271,000,000

2,900,000,000

2,395,000,000

Gross Profit

2,022,000,000

898,000,000

1,391,000,000

Selling & Admin. Expenses

1,073,000,000

747,000,000

793,000,000

Operating Income

949,000,000

151,000,000

598,000,000

Non-Operating Income

236,000,000

144,000,000

130,000,000

Non-Operating Expenses

84,000,000

87,000,000

73,000,000

Income Before Taxes

1,102,000,000

209,000,000

655,000,000

Income Taxes Expenses

-

7,000,000

-

Net Income

1,102,000,000

202,000,000

655,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Cosmetics, Food, Pharmaceuticals

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

AMOREPACIFIC CORP.(110111-3471036)

Competitors

HANBUL COSMETICS CO., LTD.

249, NONHYEON 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3450-0114  FAX:+82-2-565-2125

 

BLUEBELL KOREA LTD.

5TH FL., BAEGANG BLDG., 666-14, SINSA-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3444-2203  FAX:+82-2-3445-9377

 

COMMERCE PLANET CO., LTD.

8TH FL., SEONGMUGWAN BLDG., 370-1, SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL, KOREA

TEL:+82-70-7400-3000  FAX:+82-2-3217-8407

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

-----

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.75

UK Pound

1

Rs.100.07

Euro

1

Rs.77.95

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.