|
Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BUMA
CE CO., LTD. |
|
|
|
|
Registered Office : |
505, Deokam-ri, Juchon-myeon, Gimhae-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
10.12.1998 |
|
|
|
|
Com. Reg. No.: |
622-81-22540 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Civil Engineering and Similar Machine Equipment |
|
|
|
|
No. of Employees : |
50 |
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) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
BUMA
CE CO., LTD. (Korean Company Name : “(주)부마씨이”) |
|
Registered Address |
505, Deokam-ri, Juchon-myeon, Gimhae-si,
gyeongsangnam-do, Korea |
|
Zip Code |
621-843 |
|
Tel |
+82-55-337-9891 |
|
Fax |
+82-55-337-9894 |
|
E-mail |
bumace@bumace.com |
|
Website |
www.bumace.com |
|
Trading Address |
291, Seobu-ro 1637beon-gil, Juchon-myeon,
Gimhae-si, Gyeongsangnam-do, Korea (Old address System : 505, Deokam-ri,
Juchon-myeon, Gimhae-si, gyeongsangnam-do, Korea) |
|
Tel |
+82-55-337-9891 |
|
Fax |
+82-55-337-9894 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Civil Engineering and Similar Machine Equipment |
|
Main Business |
Large Bore Pile Equipment, Diaphragm Wall Equipment, Shield Back Fill
Plant |
|
Established (mm/dd/yyyy) |
12/10/1998 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Hammers(27111602) |
|
Sell |
Centrifuges(40161701) |
|
Sell |
Tube and tubing(31231300) |
|
Sell |
Completion safety joints(20121422) |
|
Sell |
Crystal oscillators(32111706) |
|
Sell |
Drilling and operation machinery(20111600) |
|
Sell |
Industrial drill bits(20111614) |
|
Sell |
Separation machinery and equipment(23152100) |
|
Sell |
Power sanders(27112708) |
CEO’s
|
Name |
Choi Sang-Don |
|
Address |
Suite 106-401, 180, Hasinjungang-ro,
Saha-gu, Busan, Korea |
|
Date of Birth |
04/16/1959 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
500,000,000 |
|
Employees |
50 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Shinhan Bank-Gimhae Corporate Finance
Branch |
|
Corporate Registered No. |
184611-0030027 |
|
Business Registered No. |
622-81-22540 |
|
Permit & Licenses |
2004-05-00 Patent registered as Projection Cutter for NO-DIG Rehabilitation
of sewage Pipeline 2002-06-17 Registration of the patent for RCD M/C (NO.0342413) 2002-06-07 Registration of the patent for Casing Oscillator
(NO.0341456) 2001-09-26 Registration of the patent for SEALING APPARATUS for RCD
M/C 2001-09-26 Registration of the patent for ROLLER BITS for RCD M/C 1998-11-04 Registration of the Patent for DESANDER and the Treating
Way Int’l Trade No.: 12097748 |
|
Shareholder Position |
N/A |
|
Company History |
04/27/1998 Established as Buma Industry Co.(Sole
Proprietorship) 10/01/1998 Changed company name to Buma Engineering
Co. 12/10/1998 Incorporated as Buma Engineering Co., Ltd. 08/10/2001 Designated as a INNO-BIZ Company 07/14/2003 Designated as a Venture Business 01/16/2004 Changed company name to BUMA Construction Machinery Co.,
Ltd. 05/17/2006 Changed company name to the present name 12/2011 Awarded US$ 5 Million Export Top Prize 07/14/2012 Designated as a Venture Business again |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Choi Sang-Don |
Male |
Korean |
05/22/2012 |
|
Director |
Mr. |
Choi Sang-Chan |
Male |
Korean |
01/12/2012 |
|
Auditor |
Mr. |
Lim Ji-Hoon |
Male |
Korean |
05/22/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
10,232,000,000 |
10,399,000,000 |
618,000,000 |
|
2012 |
8,152,000,000 |
8,166,000,000 |
480,000,000 |
|
2011 |
10,836,000,000 |
8,032,000,000 |
577,000,000 |
|
2010 |
7,384,000,000 |
N/A |
417,000,000 |
|
2009 |
5,111,000,000 |
6,739,000,000 |
260,000,000 |
|
2008 |
8,866,000,000 |
6,507,000,000 |
445,000,000 |
Financial
Description
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
10,399,000,000 |
8,166,000,000 |
8,032,000,000 |
|
Current Assets |
7,497,000,000 |
5,079,000,000 |
4,868,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
2,902,000,000 |
3,087,000,000 |
3,164,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
5,762,000,000 |
4,126,000,000 |
4,342,000,000 |
|
Current Liabilities |
2,355,000,000 |
1,311,000,000 |
2,406,000,000 |
|
Fixed Liabilities |
3,407,000,000 |
2,815,000,000 |
1,936,000,000 |
|
Capital Stock |
500,000,000 |
500,000,000 |
500,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
4,637,000,000 |
4,040,000,000 |
3,690,000,000 |
|
Liab. & Shareholder’s Equity |
10,399,000,000 |
8,166,000,000 |
8,032,000,000 |
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
10,232,000,000 |
8,152,000,000 |
10,836,000,000 |
|
Cost of Sold Goods |
6,595,000,000 |
4,692,000,000 |
6,396,000,000 |
|
Gross Profit |
3,637,000,000 |
3,460,000,000 |
4,440,000,000 |
|
Selling & Admin. Expenses |
3,358,000,000 |
2,960,000,000 |
3,754,000,000 |
|
Operating Income |
279,000,000 |
500,000,000 |
686,000,000 |
|
Non-Operating Income |
729,000,000 |
200,000,000 |
263,000,000 |
|
Non-Operating Expenses |
390,000,000 |
219,000,000 |
293,000,000 |
|
Income Before Taxes |
618,000,000 |
480,000,000 |
655,000,000 |
|
Income Taxes Expenses |
- |
- |
78,000,000 |
|
Net Income |
618,000,000 |
480,000,000 |
577,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Large Bore Pile Equipment, Diaphragm Wall Equipment, Shield Back Fill
Plant |
Trade Partners
& Competitors
|
Suppliers |
SUNGDO STEEL S CO., LTD.(KOREA) SEOKYUNG DIESEL CO. (KOREA) KIWOO MACHINE(KOREA) |
|
Customers |
MUHIBAHH(MALAYSIA) CHIM KEE(HONG KONG) DONGA ZIJIL CO., LTD.(KOREA) AJU RENTAL CO., LTD.(KOREA) |
|
Competitors |
KOREAN HYDRAULIC MACHINERY CO., LTD. 6B-28L, BANWOL INDUSTRIAL COMPLEX, 403-9, MONGNAE-DONG,
DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-498-9696 FAX:+82-31-498-4204 SAN ENGINEERING CO., LTD. 847-10, NAE-RI, GUJI-MYEON, DALSEONG-GUN,
DAEGU, KOREA TEL:+82-53-557-4960 FAX:+82-53-557-4962 WONWOO ENG CO., LTD. 11-11, GUEO-RI, OEDONG-EUP, GYEONGJU-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-746-8286~8 FAX:+82-54-746-8284 |
Sales by Region (Activity & Markets)
The Subject exports
to Malaysia and Hong Kong.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.99 |
|
Euro |
1 |
Rs.78.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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.