|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOREA GAS ENGINEERING |
|
|
|
|
Registered Office : |
30, Bangchuk-ro 37beon-gil, Dong-gu, Incheon, Korea Rm.34-218, Incheon Industrial Goods Circulating Center |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Date of Incorporation : |
13.06.2013 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale of machinery and equipment |
|
|
|
|
No. of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – 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
|
Company Name |
KOREA GAS ENGINEERING (Trade Name : KEG) (Korean Company Name : “코리아가스엔지니어링”) |
|
Registered
Address |
30, Bangchuk-ro 37beon-gil, Dong-gu, Incheon, Korea |
|
Building |
Rm.34-218, Incheon Industrial Goods Circulating Center |
|
Zip Code |
401-705 |
|
Tel |
+82-70-7848-6330~1 |
|
Fax |
+82-70-7614-3082 |
|
E-mail |
info@koreagaseng.com |
|
Website |
www.koreagaseng.com |
|
Trading Address |
Rm.34-218, Incheon Industrial Goods Circulating Center, 30, Bangchuk-ro 37beon-gil, Dong-gu, Incheon, Korea (Old Address System : Rm.34-218, Incheon Industrial Goods Circulating Center, 129, Songhyeon 3-dong, Dong-gu, Incheon, Korea) |
|
Tel |
+82-70-7848-6330~1 |
|
Fax |
+82-70-7614-3082 |
|
Other Address |
49-19, Daegotbuk-ro 403beon-gil, Daegot-myeon, Gimpo-si, Gyeonggi-do, Korea (Old Address System : 10-15, Seokjeong-ri, Daegot-myeon, Gimpo-si, Gyeonggi-do, Korea) |
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Wholesale of Other Machinery and Equipment n.e.c. |
|
Main Business |
Vaporizer, Valve |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
06/13/2012 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Vaporizers(40101901) |
|
Sell |
Valves(40141600) |
CEO’s
|
Name |
Kang Do-Yeon |
|
Address |
|
|
Date of Birth |
04/18/1974 |
|
Title |
Owner |
|
Sex |
Male |
|
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. |
314-03-76***
(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 |
Int’l Trade No.: 30711651 |
|
Shareholder
Position |
The owner has
100% shares. |
|
Company
History |
06/13/2012
Established as the present name |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Kang Do-Yeon |
Male |
Korean |
06/13/2012 |
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 Issued
Shares |
Not Applicable
to the Sole Proprietorship |
Products,
Technologies, Services Description
|
Main Products
& Services |
SNG SYSTEM -One Skid for
LPG Vaporizer & SNG Blender -LPG Feed Pump
Skid -Auto
Actuation System Control Panel for -SNG Supply
System LPG SYSTEM -LPG+AIR MIXER
GAS SUPPLY SYSTEM -LPG CAR
REFUELLING STATION -LPG CYLINDER
REFILLING STATION -LPG CAROUSEL SYSTEM -LPG PACKAGE
TANK -LPG PUMP SKID EQUIPMENTS EQUIPMENTS |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners & Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
ONEGENE CO.,
LTD. 216-1, GEUMAM-RI,
JINCHEON-EUP, JINCHEON-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-533-9342 FAX:+82-506-200-1733 DAE WOONG IND
CO., LTD. MIYANG
INDUSTRIAL COMPLEX, 273-11, GYEREUK-RI, MIYANG-MYEON, ANSEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-677-8255~9 FAX:+82-31-677-4811 ILRIM NANOTEC
CO., LTD. 24-14,
PALYONG-DONG, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-292-4022 FAX:+82-55-297-4022 |
Sales by Region
(Activity & Markets)
The Subject
exports to Vietnam.
Court Action
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.31 |
|
|
1 |
Rs.99.00 |
|
Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.