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Report No. : |
303109 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ESSENTRA POROUS TECHNOLOGIES KOREA CO., LTD. |
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Registered Office : |
31, Sambongsan-ro, Seongmun-myeon, Dangjin-si, Chungcheongnam-do |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.04.1998 |
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Com. Reg. No.: |
311-81-11314 |
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Legal Form : |
Co., Ltd by shares Foreign Direct Investment Corporation |
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Line of Business : |
Manufacture of Office and Artists' Materials |
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No. of Employee : |
32 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
South Korea |
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 |
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.
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Source
: CIA |
Basic
|
Company Name |
ESSENTRA POROUS
TECHNOLOGIES KOREA CO., LTD. (Ex. Company Name : JAE YONG CO., LTD., |
|
Registered Address |
31, Sambongsan-ro, Seongmun-myeon, Dangjin-si, Chungcheongnam-do,
Korea (Old Address System : 544, Sambong-ri, Seokmun-myeon, Dangjin-gun,
Chungcheongnam-do, Korea) |
|
Building |
|
|
Zip Code |
343-853 |
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Tel |
+82-41-353-3676 |
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Fax |
+82-41-353-3858 |
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E-mail |
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Website |
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Trading Address |
Rm. 304, Jungdong Plaza, 275, Gilju-ro, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea (Old Address System : Rm. 304, Jungdong Plaza, 1058-2, Jung 3-dong,
Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea) |
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Tel |
+82-32-329-3001~4 |
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Fax |
+82-32-329-3005 |
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Other Address |
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|
Tel |
|
|
Fax |
|
|
Type |
Export |
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Industry |
Manufacture of Office and Artists' Materials |
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Main Business |
Nib, Ink Reservoir, Tube |
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Sub
Business |
|
|
Established (mm/dd/yyyy) |
04/17/1998 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pen nibs(44121713) |
|
Sell |
Office supplies(44120000) |
|
Sell |
Mechanical pencils(44121705) |
|
Name |
Jon Michael Green |
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Address |
5 Flat, 26, Garden Kensington, London, UK |
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Date of Birth |
10/31/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
UK |
|
Capital (KRW) |
300,000,000 |
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Employees |
32 |
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Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
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Bank Details |
Industrial Bank of Korea-Dodang Dong Branch SC. First Bank of Korea-Bucheon Branch |
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Corporate Registered No. |
165011-0005588 |
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Business Registered No. |
311-81-11314 |
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Permit & Licenses |
04/2006 KS A
14001:2004/ISO 14001:2004 Int’l Trade No.: 21020393 |
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Shareholder Position |
(*)The list is based as of 12/31/2011. It is known that the subject has been
invested from Singapore. |
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Company History |
09/1992 Establish as JAE YONG CO. 01/1996 Produce a Nib (Grinding) 01/1998 Produce a Nib (Grinding and forming) 04/17/1998 Incorporated as JAE YONG CO.,
LTD. 06/1998 Build the new factory at Dang-jin 07/2000 Enlarge the factory at Dang-jin 10/2002 Jaeyong and Bourim was merged. 11/04/2002 Moved to the present address of Bucheon Branch Office from
52-2, Yeowol-dong, Ojeong-gu, Bucheon-si, Gyeonggi-do, Korea 05/02/2012 Registered as a Foreign Direct Investment Corporation 10/11/2013 Changed company name to the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jon Michael Green |
Male |
UK |
04/23/2012 |
|
Director |
Mr. |
Michael Lussen |
Male |
Belgium |
05/21/2014 |
|
Director |
Mr. |
Kim Sang-Wook |
Male |
Canada |
12/22/2014 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
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2012 |
|
|
|
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2011 |
|
|
|
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2010 |
4,606,309,000 |
4,849,493,000 |
3,863,338,000 |
|
2009 |
3,822,991,000 |
4,162,864,000 |
511,945,000 |
|
2008 |
3,872,179,000 |
3,178,553,000 |
291,666,000 |
|
2007 |
3,115,000,000 |
3,063,000,000 |
121,000,000 |
|
2006 |
3,005,000,000 |
2,403,000,000 |
118,000,000 |
|
2005 |
2,627,570,000 |
1,938,000,000 |
47,000,000 |
|
2004 |
2,790,000,000 |
1,920,000,000 |
69,000,000 |
|
2003 |
2,554,000,000 |
1,945,000,000 |
16,000,000 |
The latest financial is not available, and the
subject does not have any obligation to releases its financials to the public.
|
Authorized Capital(KRW) |
1,200,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issues Shares |
30,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
4,849,493,000 |
4,162,864,000 |
3,178,553,000 |
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Current Assets |
4,033,053,000 |
3,344,388,000 |
2,386,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
816,440,000 |
818,476,000 |
792,553,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
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Total Liabilities |
2,425,212,000 |
2,426,079,000 |
1,953,713,000 |
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Current Liabilities |
2,144,078,000 |
2,124,037,000 |
1,590,264,000 |
|
Fixed Liabilities |
281,134,000 |
302,042,000 |
363,449,000 |
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Capital Stock |
300,000,000 |
300,000,000 |
300,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
2,124,281,000 |
1,436,785,000 |
924,840,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
2,424,281,000 |
1,736,785,000 |
1,224,840,000 |
|
Liab. & Shareholder’s Equity |
4,849,493,000 |
4,162,864,000 |
3,178,553,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
4,606,309,000 |
3,822,991,000 |
3,872,179,000 |
|
Cost of Sold Goods |
- |
2,598,929,000 |
2,796,295,000 |
|
Gross Profit |
4,606,309,000 |
1,224,062,000 |
1,075,884,000 |
|
Selling & Admin. Expenses |
597,052,000 |
692,786,000 |
679,517,000 |
|
Operating Income |
4,009,257,000 |
531,276,000 |
396,367,000 |
|
Non-Operating Income |
27,673,000 |
177,736,000 |
162,702,000 |
|
Non-Operating Expenses |
173,592,000 |
133,903,000 |
168,259,000 |
|
Income Before Taxes |
3,863,338,000 |
575,109,000 |
390,810,000 |
|
Income Taxes Expenses |
- |
63,164,000 |
99,144,000 |
|
Net Income |
3,863,338,000 |
511,945,000 |
291,666,000 |
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Main Products & Services |
Nib former Grinder Tube Ink Reservoir Refill pen Holder Stick |
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Detailed Products Spec. |
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Technologies Acquired |
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Trade Partners & Competitors
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Suppliers |
ESSENTRA POROUS TECHNOLOGIES |
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Customers |
|
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Competitors |
A FOUNTAIN PLACE OF WISDOM 62-17, JUNGGOK 4-DONG, GWANGJIN-GU, SEOUL,
KOREA TEL:+82-2-446-6855 FAX:+82-2-458-2816 MIRAE STATIONERY CO., LTD. 302-12, BULLO-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-567-5778 FAX:+82-32-567-5779 MY FOCUS CO., LTD. RM. 306, DONG-A PLAZA, 1608-4, GWANYANG-DONG,
DONGAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-384-5374 FAX:+82-31-386-5376 |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Corporate Ownership |
ESSENTRA POROUS TECHNOLOGIES ASIA-PACIFIC 238A THOMSON ROAD #25-04/05, NOVENA SQUARE
SINGAPORE 307684 TEL:+65 6258 8725 FAX:+65 6258 2649 |
The Subject exports to Japan, Vietnam, South Africa and Turkey.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
|
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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-- |
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.