|
Report No. : |
301792 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FCC CO., LTD. |
|
|
|
|
Registered Office : |
5-2, Chaam-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Zip Code
331-200 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
07.05.2014 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
· Engaged as Manufacturer, Wholesaler and Retailer of Synthetic Resin, Detergent and Surface Active Agent · Engaged in selling of Resins, Drain Cleaner & Laundry Products |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
FCC CO., LTD. (Korean Company Name : “(주)에프씨씨”) |
|
Registered Address |
5-2, Chaam-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea |
|
Zip Code |
331-200 |
|
Tel |
+82-70-4204-7770 |
|
Fax |
N/A |
|
Trading
Address |
97, 2gongdan 2-ro, Seobuk-gu, Cheonan-si,
Chungcheongnam-do, Korea (Old Address System : 5-2, Chaam-dong, Seobuk-gu, Cheonan-si,
Chungcheongnam-do, Korea) |
|
Tel |
+82-70-4204-7770 |
|
Fax |
N/A |
|
Type |
Export/Import |
|
Main Business |
· Engaged as Manufacturer, Wholesaler and Retailer of Synthetic Resin, Detergent and Surface Active Agent ·
Engaged in selling
of Resins, Drain Cleaner & Laundry Products |
|
Established (mm/dd/yyyy) |
05/07/2014 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Resins(13111000) |
|
Sell |
Drain
cleaner(47131815) |
|
Sell |
Laundry
products(47131811) |
|
Name |
Kim Sung-Ik |
|
Address |
Suite 103-6204, 196, Gongwon-ro, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea |
|
Date of Birth |
06/04/1962 |
|
Title |
Representative
Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
N/A |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
161511-0166615 |
|
Business Registered No. |
312-86-***** (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.: 45472938 |
|
Shareholder Position |
N/A |
|
Company History |
05/07/2014 Incorporated as the present name |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative
Director |
Mr. |
Kim Sung-Ik |
Male |
Korean |
05/07/2014 |
|
Auditor |
M/S. |
Kim Kyung-Won |
Female |
Korean |
05/07/2014 |
|
Authorized Capital(KRW) |
500,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
100,000 |
|
Main Products & Services |
·
Synthetic
Resin ·
Detergent,
·
Surface
Active Agent |
|
Competitors |
BULGARI KOREA LTD. 10TH FL., DOOWON BLDG., 503-5, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2056-0100 FAX:+82-2-2056-0292 ATEC CO., LTD. 124-14, DAEHWA-DONG, DAEDEOK-GU, DAEJEON,
KOREA TEL:+82-42-623-0018 FAX:+82-42-624-5032 COMMERCE PLANET CO., LTD. 8TH FL., SEONGMUGWAN BLDG., 370-1,
SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-70-7400-3000 FAX:+82-2-3217-8407 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
UK Pound |
1 |
Rs.96.85 |
|
Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.