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Report No. : |
351383 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIGITAL TO MACHINE CO., LTD. |
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|
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Registered Office : |
130, Gwangdeok-daero, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea 15477, Rm.416, 4FL., Poly Town |
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Country : |
South
Korea |
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Date of Incorporation : |
03.02.2005 |
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Com. Reg. No.: |
135-81-75960 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Conveyer System |
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No. of Employees : |
10 |
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 |
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
economic 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. A system of close government and business ties,
including directed credit and import restrictions, initially 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 7% 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 over 6% growth in
2010. The US-Korea Free Trade Agreement was ratified by both governments in
2011 and went into effect in March 2012. Between 2012 and 2014, the economy
experienced slow growth due to sluggish domestic consumption and investment.
The administration in 2015 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 the heavy reliance on exports, which comprise about half of
GDP. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company Name |
DIGITAL TO MACHINE CO., LTD. (Korean Company Name : “디지털투머신(주)”) |
|
Registered Address |
130, Gwangdeok-daero, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea |
|
Building |
Rm.416, 4FL., Poly Town |
|
Zip Code |
15477 |
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Tel |
+82-31-484-0404 |
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Fax |
+82-31-493-8770 |
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E-mail |
|
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Website |
|
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Trading Address |
Rm.416, 4FL., Poly Town, 130,
Gwangdeok-daero, Danwon-gu, Ansan-si, Gyeonggi-do, Korea (Old Address System : Rm.416, 4FL., Poly Town,
775, Gojan-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-484-0404 |
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Fax |
+82-31-493-8770 |
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Other Address |
|
|
Tel |
|
|
Fax |
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Type |
Export/Import |
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Industry |
Manufacture of Conveyer System |
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Main Business |
Conveyor System, Chain System, Industrial Machinery |
|
Sub Business |
|
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Established (mm/dd/yyyy) |
02/03/2005 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Conveyer System |
|
Sell |
Industrial Machinery |
|
Name |
Na Jong-Hyun |
|
Address |
Suite 201, 34, Munsu-ro, Yeosu-si,
Jeollanam-do, Korea |
|
Date of Birth |
07/21/1962 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
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Capital (KRW) |
300,000,000 |
|
Employees |
10 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
134511-0087400 |
|
Business Registered No. |
135-81-75960 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
02/03/2005 Incorporated 12/29/2010 Changed company name to the
present name 02/04/2011 Moved to the present HQ address
from 85-7, Pungdeokcheon 1-dong, Suji-gu, Yongin-si, Gyeonggi-do, Korea |
|
|
|
There is a company
called as SJC(Samjin Chain & Conveyor) Co., Ltd.(120111-0115289) at 303, Namdongdong-ro, Namdong-gu, Incheon,
Korea(Old Address System : 436-2, Nonhyeon-dong, Namdong-gu, Incheon, Korea) of
the address you provided.
And there is
another company called as DIGITAL TO MACHINE
CO., LTD.(“(주)디지탈투머시인”, 135511-0243051
/ CEO Name : Ko Jae-Kyung) at 3BA-818, Shihwa Industrial Complex, 23,
Mayu-ro 10beon-gil, Siheung-si, Gyeonggi-do, Korea (Old Address System :
3BA-818, Shihwa Industrial Complex, 2180-11, Jeongwang-dong, Siheung-si,
Gyeonggi-do, Korea).
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Na Jong-Hyun |
Male |
Korean |
03/19/2012 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
|
Authorized Capital(KRW) |
1,200,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issued Shares |
30,000 |
|
Main Products & Services |
Conveyer System, Industrial Machinery |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Not Available.
Not Available.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.36 |
|
Euro |
1 |
Rs.70.68 |
|
KRW |
1 |
Rs.0.057 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.