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Report No. : |
326690 |
|
Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
HATECH KOREA |
|
|
|
|
Registered Office : |
577, Gyeongin-ro, Guro-gu, Seoul, Korea 152-887, Rm.C-32-315, Industrial Tools Sangga |
|
|
|
|
Country : |
South
Korea |
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|
|
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Date of Incorporation : |
01.01.2009 |
|
|
|
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Com. Reg. No.: |
113-27-62973 |
|
|
|
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Legal Form : |
Sole
Proprietorship |
|
|
|
|
Line of Business : |
Wholesales of Other Machinery &
Equipment |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
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, and is currently the world's 12th largest economy. 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 sluggish
growth because of external market slowdowns. 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.
|
Source
: CIA |
|
Company Name |
HATECH KOREA (Korean Company Name : “하텍코리아”) |
|
Registered Address |
577, Gyeongin-ro, Guro-gu, Seoul, Korea |
|
Building |
Rm.C-32-315,
Industrial Tools Sangga |
|
Zip Code |
152-887 |
|
Tel |
+82-2-2637-8882 |
|
Fax |
+82-2-2637-2223 |
|
E-mail |
sales@hatechkor.com;davis-kim@hanmail.net |
|
Website |
www.hatechkor.com |
|
Trading
Address |
Rm.C-32-315, Industrial Tools Sangga, 577,
Gyeongin-ro, Guro-gu, Seoul, Korea (Old Address System : Rm.C-32-315, Industrial Tools Sangga, 604-1,
Sindorim-dong, Guro-gu, Seoul, Korea) |
|
Tel |
+82-2-2637-8882 |
|
Fax |
+82-2-2637-2223 |
|
Other
Address |
Rm.C-32-317, Industrial Tools Sangga, 198,
Gurojungang-ro, Guro-gu, Seoul, Korea (Old Address System : Rm.C-32-317, Industrial Tools Sangga, 606-1,
Guro 2-dong, Guro-gu, Seoul, Korea) |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesales of Other Machinery &
Equipment |
|
Main Business |
Mold
Base, Mold Component, Measuring Tools, Petroleum Oils, Inorganic Chemicals,
Natural Magnesium Carbonate |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
01/01/2009 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Industrial
machinery components and accessories(23153100) |
|
Name |
Kim
Dae-Keun |
|
Address |
|
|
Date of Birth |
08/22/1961 |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to the Sole Proprietorship |
|
Employees |
4 |
|
Formation |
Sole
Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
113-27-62973 |
|
Permit & Licenses |
Int’l
Trade No.: 30641578 |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
01/01/2009 Established as the present name |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Kim
Dae-Keun |
Male |
Korean |
01/01/2009 |
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
|
Authorized Capital(KRW) |
Not Applicable
to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not
Applicable to the Sole Proprietorship |
|
Total Issued Shares |
Not
Applicable to the Sole Proprietorship |
|
Main Products & Services |
Machine
Parts Mold |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
HAN HWANG INDUSTRY CO., LTD. 362-4, NAMYANG-DONG, JINHAE-GU,
CHANGWON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-548-0700 FAX:+82-55-551-6780 SHINWON TECH INC. 36B-12L, NAMDONG INDUSTRIAL COMPLEX,
610-11, NAMCHON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-814-6331 FAX:+82-32-814-7301 JEONGJIN INDUSTRY CO., LTD. 331-3, YULPO-RI, GODEOK-MYEON, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-665-3181 FAX:+82-31-667-1710 |
Not Available.
Not Available.
---------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.