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Report Date : |
07.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
AUTO KOREA CO., LTD. |
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Registered Office : |
32, Seongseogongdan-ro 11-gil, Dalseo-gu, |
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Country : |
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Date of Incorporation : |
22.01.2002 |
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Com. Reg. No.: |
515-81-21471 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Manufacture of Mould and Parts, Machinery and Tools. |
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No of Employees : |
5 |
RATING & COMMENTS
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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 – 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 |
|
Company
Name |
AKK CO., LTD. (English Name: AUTO KOREA CO., LTD.) (Ex. Company Name : A.K. CO., LTD., “(주)에이케이”) (Korean Company Name : “(주)에이케이케이”) |
|
Registered Address |
32, Seongseogongdan-ro 11-gil, Dalseo-gu,
Daegu, Korea |
|
Building |
Rm. 407, Daegu Mechatronics & Material Institute |
|
Zip Code |
702-845 |
|
Tel |
+82-53-802-8878 |
|
Fax |
+82-53-817-5132 |
|
E-mail |
sunhokim22@msn.com |
|
Website |
|
|
Trading Address |
Rm. 407, Daegu Mechatronics & Material
Institute, 32, Seongseogongdan-ro 11-gil, Dalseo-gu, Daegu, Korea (Old Address System : Rm. 407, Daegu
Mechatronics & Material Institute, 12, Horim-dong, Dalseo-gu, Daegu,
Korea) |
|
Tel |
+82-53-802-8878 |
|
Fax |
+82-53-817-5132 |
|
Other Address |
300, Sampung-dong ,Gyeongsan-si,
Gyeongbuk, Korea |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Mould and Parts, Machinery
and Tools |
|
Main Business |
Lamps and Lighting, Auto Parts and Accessories, Mold |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
02/22/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Exterior automobile lighting(25172901) |
|
Sell |
Interior lighting and fixtures(39111500) |
|
Sell |
Lamps(39101600) |
|
Name |
Kim Sun-Ho |
|
Address |
Suite 206, 531-9, Sampung-dong,
Gyeongsan-si, Gyeongbuk, Korea |
|
Date of Birth |
10/25/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
550,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank-Jinryang Industrial
Complex Branch |
|
Corporate Registered No. |
174811-0028898 |
|
Business Registered No. |
515-81-21471 |
|
Permit & Licenses |
Int’l Trade No.: 13118552 |
|
Shareholder Position |
N/A |
|
Company History |
02/22/2002
Incorporated as A.K. CO., LTD. 12/15/2011
Changed company name to the present name 12/16/2011
Moved to Rm.235, Electric-Lighting Bldg., Daegu Yutong Danji, 1666, Sangyeok
2-dong, Buk-gu, Daegu, Korea from #112, Testing Production Factory, Kyungbuk Techno Park, 214-1, Dae-dong
,Gyeongsan-si, Gyeongbuk, Korea 05/14/2014 Increased the authorized shares
to 440,000 shares from 40,000 shares 05/15/2004 Increased capital to
550,000,000 KRW from 50,000,000 KRW 08/01/2014 Moved to the present HQ address
from Rm.235, Electric-Lighting Bldg., Daegu Yutong Danji, 50, Yutongdanji-ro,
Buk-gu, Daegu, Korea (Old Address System : Rm.235, Electric-Lighting Bldg.,
Daegu Yutong Danji, 1666, Sangyeok 2-dong, Buk-gu, Daegu, Korea) |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Sun-Ho |
Male |
Korean |
02/22/2002 |
|
Director |
M/S. |
Shin Hyun-Sook |
Female |
Korean |
05/14/2014 |
The financial is not available, and the subject
company does not have any obligation to release its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Main Products & Services |
The Subject is engaged in Mould Development
as follows; -Automotive Plastic Parts for Head &
Rear Lamp Bumper, Instrument Panel, Door Trim and Others -Production Facilities Engineering &
Manufacturing for Car Lighting System & Steel Part Welding Line |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
THRU LAMP CORP. 63-7, JAK-DONG, OJEONG-GU, BUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-676-7574 FAX:+82-32-676-7573 KUKDONG ELECOM CO., LTD. 1509-12, DADAE 1-DONG, SAHA-GU, BUSAN,
KOREA TEL:+82-51-266-0050 FAX:+82-51-265-0985 JUNGBOK CO., LTD. 125-9, DANGGOK-RI, JILLYANG-EUP,
GYEONGSAN-SI, GYEONGSANGBUK-DO, KOREA TEL:+82-53-854-5600 FAX:+82-53-857-0459 |
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.