MIRA INFORM REPORT

 

 

Report No. :

344322

Report Date :

08.10.2015

 

IDENTIFICATION DETAILS

 

Name :

SK BIOTEK CO., LTD.

 

 

Registered Office :

325, Expo-ro, Yuseong-gu, Daejeon, Korea, 34124

 

 

Country :

South Korea

 

 

Date of Incorporation :

01.04.2015

 

 

Com. Reg. No.:

208-81-28353

 

 

Legal Form :

Co., Ltd By Shares

 

 

Line of Business :

Manufacture and Wholesales of Pharmaceuticals, Raw Materials, Medical Devices & Supplies

 

 

No. of Employees :

Not Available

 

 

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 – 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

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. 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 Information

 

Company Name

SK BIOTEK CO., LTD.

(Korean Company Name : “에스케이바이오텍()”)

Registered Address

325, Expo-ro, Yuseong-gu, Daejeon, Korea

Building

 

Zip Code

34124

Tel

+82-42-866-7505

Fax

+82-42-866-7789

E-mail

 

Website

www.skbiotek.com

Trading Address

325, Expo-ro, Yuseong-gu, Daejeon, Korea

(Old Address System : 140-1, Wonchon-dong, Yuseong-gu, Daejeon, Korea)

Tel

+82-42-866-7505

Fax

+82-42-866-7789

Other Address

 

Tel

 

Fax

 

Type

Export/Import

Industry

Manufacture and Wholesales of Pharmaceuticals, Raw Materials, Medical Devices & Supplies

  Main Business

Pharmaceuticals & Bio Science Related R&D, Development and Investment, Market Research, Consulting, Environment Related Business

  Sub Business

 

Established (mm/dd/yyyy)

04/01/2015

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Drugs and Pharmaceutical Products(51000000)

Sell

Biochemicals(12352200)

Sell

Chemistry reagents or solutions(41116105)

Sell

Formulas and products for nutritional support(42231800)

 

 

CEO’s

 

Name

Park Joon-Ku

Address

Suite 113-401, 196, Gangsong-ro, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

01/10/1961

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

10,000,000,000

Employees

N/A

Formation

Co., Ltd by Shares

A Company of SK Group

Bank Details

Shinhan Bank

KEB Hana Bank

Corporate Registered No.

160111-0395453

Business Registered No.

208-81-28353

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

SK BIOPHARMACEUTICALS CO., LTD.(110111-4570720)

20,000,000

100.00

TOTAL

20,000,000

100.00

Company History

04/01/2015 Incorporated as the present name after split off from SK BIOPHARMACEUTICALS CO., LTD.(110111-4570720)

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Joon-Ku

Male

Korean

04/01/2015

Director

Mr.

Cho Jung-Woo

Male

Korean

04/01/2015

Director

Mr.

Yoon Ik-Sang

Male

Korean

04/01/2015

Auditor

Mr.

Kang Chang-Kyun

Male

Korean

04/01/2015

 

 

Financials

 

Financial Description

 

Authorized Capital(KRW)

80,000,000,000

Paid-Up Capital(KRW)

10,000,000,000

Total Issued Shares

20,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Pharmaceuticals & Bio Science Related R&D, Development and Investment, Market Research, Consulting, Environment Related Business

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

DAEWOONG BIO INC.

HYANGNAM PHARMACEUTICAL INDUSTRIES COMPLEX, 35-9, JEYAKGONGDAN 4-GIL, HYANGNAM-EUP, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-353-5271~3  FAX:+82-31-353-5626

 

KOREA BIO-CHEM PHARMACEUTICAL INC.

204, SANDAN-GIL, JEONUI-MYEON, SEJONG-SI, KOREA

TEL:+82-41-8650-5030  FAX:+82-41-8650-0057

 

LG LIFE SCIENCES LTD.

LG KWANGWHAMUN BLDG., 58, SAEMUNAN-RO, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-3773-1114  FAX:+82-2-3773-7012

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

SK BIOPHARMACEUTICALS CO., LTD.(110111-4570720)

SK HOLDINGS CO., LTD.(110111-0769583)

SK LIFE SCIENCE, INC.

SK INNOVATION CO., LTD.(110111-3710385)

SK ENERGY CO., LTD.(110111-4505967)

SK GLOBAL CHEMICAL CO., LTD.(110111-4505975)

SK TELECOM CO., LTD.(110111-0371346)

SK C&C CO., LTD.(110111-0769583)

SK TELINK, CORP.(110111-1533599)

INNOACE CO., LTD(110111-2104026)

PAXNET, INC.(110111-1698830)

IHQ, INC.(110111-0042393)

AIRCROSS CO., LTD.(110111-2121765)

TU MEDIA CORPORATION(110111-2907826)

SK COMMUNICATIONS CO., LTD.(110111-1322885)

COMMERCE PLANET CO., LTD.(110111-1416133)

F&U CREDIT INFORMATION CO., LTD.(135311-0003300)

SK WYVERNS CO., LTD(120111-0217366)

SK HOLDINGS CO., LTD.(110111-0022816)

SK ENGINEERING & CONSTRUCTION CO., LTD.(110111-0038805)

SK TELESYS CO., LTD.(110111-1405897)

LOEN ENTERTAINMENT, INC.(134111-0010706)

INFOSEC CO., LTD(110111-2007858)

INDEPENDENCE CO., LTD.(110111-2010116)

SKC MEDIA CO., LTD.(161511-0076377)

IFILM CORPORATION(110111-2857451)

SK BROADBAND CO., LTD.(110111-1466659)

CU MEDIA. INC.(110111-2031477)

NTREEV SOFT CO., LTD.(110111-2906456)

SK I-MEDIA CO., LTD.(110111-3505851)

IPLATFORM, INC(110111-3638917)

NURI SOLUTION CO., LTD.(110111-1866213)

HANAROMEDIA INC.(110111-3292664)

HANARO DREAM INCORPORATED(110111-2183343)

BROADBAND D&M CO., LTD.(110111-1509269)

NOWON JOEUN TELECOM CO., LTD.(110111-3655218)

MIRACLE INFORMATION & TELECOMMUNICATION CO., LTD.(120111-0433491)

ENCAR NETWORKS LTD.(110111-2125270)

SK MARKETING & COMPANY CO., LTD.(110111-3874066)

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

------

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.25

UK Pound

1

Rs.99.53

Euro

1

Rs.73.47sss

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.