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Report No. : |
356077 |
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Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
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Name : |
PACIFIC INDUSTRY CO., LTD. |
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Registered Office : |
142, Seongseogongdanbuk-ro, Dalseo-gu, Daegu |
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Country : |
Korea (South) |
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Date of Incorporation : |
27.07.2011 |
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Com. Reg. No.: |
503-81-95418 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Synthetic Rubber, Synthetic Plastic
Materials and Other Industrial Machinery |
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No. of Employee : |
10 |
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 |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Korea (South) |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
KOREA
(SOUTH) 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 |
Basic
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Company
Name |
PACIFIC INDUSTRY CO., LTD. |
|
Registered Address |
142, Seongseogongdanbuk-ro, Dalseo-gu, Daegu, Korea |
|
Building |
2FL., Bomun Bldg. |
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Zip Code |
42713 |
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Tel |
+82-53-584-7211 |
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Fax |
+82-53-584-7217 |
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E-mail |
bruce@foampacific.co.kr |
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Website |
www.foampacific.co.kr |
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Trading Address |
2FL., Bomun Bldg., 142, Seongseogongdanbuk-ro, Dalseo-gu,
Daegu, Korea (Old Address System : 2FL., Bomun Bldg., 716, Hosan-dong,
Dalseo-gu, Daegu, Korea) |
|
Tel |
+82-53-584-7211 |
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Fax |
+82-53-584-7217 |
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Other Address |
26, Daehap Gongdan-gil, Daehap-myeon, Changnyeong-gun,
Gyeogsangnam-do, Korea (Old Address System : 1028-12, Janggi-ri, Daehap-myeon,
Changnyeong-gun, Gyeongsangnam-do, Korea) |
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Tel |
|
|
Fax |
|
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Other Address |
24-5, Sangeon Gongdan-gil, Yongam-myeon, Seongju-gun,
Gyeongsangbuk-do, Korea (Old Address System : 702-4, Sangun-ri, Youngam-myeon,
Seongjoo-gun, Gyeongsangbuk-do, Korea) |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
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Industry |
Manufacture of Synthetic Rubber, Synthetic Plastic
Materials and Other Industrial Machinery |
|
Main Business |
Plastic Foam Products, Plastic Foam Making Machinery, XPE / IXPE Foam Sheet, XPE / XLPE Foam, Rubber Foam, LDPE
Foam for Cap Seal Liner, PE Film & AL / PE Film, Foam Extruder, Foam
Processing & Converting Machines |
|
Sub Business |
|
|
Established (mm/dd/yyyy) |
07/27/2011 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Rubber and plastic processing machinery and equipment and
supplies(23151500) |
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Sell |
Foams(13111300) |
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Sell |
Extruders(23151503) |
|
Name |
Kim Hyun-Won |
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Address |
Suite 103-1501, 26, Wolbae-ro
39-gil, Dalseo-gu, Daegu, Korea |
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Date of Birth |
08/27/1969 |
|
Title |
President & CEO |
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Nationality |
Korean |
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Capital (KRW) |
200,000,000 |
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Employees |
10 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Daegu Bank-Kwangjang Branch |
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Corporate Registered No. |
170111-0435869 |
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Business Registered No. |
503-81-95418 |
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Permit & Licenses |
Int’l Trade No.: 13063847 |
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Shareholder Position |
N/A |
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Company History |
07/27/2011 Incorporated as the
present name (*)05/24/1999 Established as PACIFIC
INDUSTRY CO.(Sole Proprietorship : 514-04-73747) (*)11/30/2011 PACIFIC
INDUSTRY CO.(Sole Proprietorship : 514-04-73747) has been closed according to
the National Tax Services. |
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|
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Management
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Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Kim Hyun-Won |
Korean |
08/27/1969 |
07/09/2015 |
|
Director |
Lee Moo-Kyun |
Korean |
07/11/1968 |
07/09/2015 |
|
Auditor |
Park Jong-Dan |
Korean |
10/05/1935 |
07/09/2015 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
(Est.)15,000,000,000 |
|
|
The full financials are not available,
and the Subject Company does not have any obligations to release its financials
to the public.
|
Authorized Capital(KRW) |
800,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issued Shares |
20,000 |
|
Main Products & Services |
- PRODUCTS EPDM CR Rubber Foam Sheet PEO FOAM PXE EVA Foam Chemical Additives LDPE Foam Sheet for cap seal
liner PS Foam Board Super Flat PS Foam Board XLPE, XPE Foam Sheet CDF Foam MPET Film AL Foil with PE
coating - MACHINERY NPE, EPE Foam Sheet Extrusion
Line PE Foam Net & Pipe
Extrusion Line XLPE Foam Sheet Extrusion Line XPS Foam Board Extrusion Line EPS, PSP Foam Sheet Extrusion
Line PE Foam Processing / Converting
Machines PS Foam Processing / Converting
Machines |
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Detailed Products Spec. |
-- |
|
Technologies Acquired |
-- |
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Suppliers |
-- |
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Customers |
HP, FORD MOTORS, TOYOTA, MITSUBISHI, GM, PPC, KPP |
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Competitors |
MYUNG-IL FOAMTEC 38B-7L, SEONGSEO INDUSTRIAL
COMPLEX 2-CHA 2-JIGU, 927-3, WORAM-DONG, DALSEO-GU, DAEGU, KOREA TEL:+82-53-582-3911~4 FAX:+82-53-585-3915 POLYCELL KOREA CORPORATION RM. 1409, SEONGJI HEIGHTS 1-CHA
BLDG., 702-13, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-558-3061 FAX:+82-2-558-3062 PE TECH FOAM CO., LTD. RM. B-5, JEONGGOK BLDG. EAST
ANNEX, 1704-1, SEOCHO 3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3482-1142 FAX:+82-2-3482-1143 |
The Subject exports to U.S.A.,
Canada, Mexico, Costa Rica, U.K, Ireland, Netherlands, Australia, New Zealand,
Germany, Italy, Sri Lanka, U.A.E., India, Hong Kong, Taiwan, Thailand,
Singapore, Malaysia, Philippines and China.
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
KRW |
1 |
Rs.0.056 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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.