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Report No. : |
340289 |
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Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CERA TRAK CO., LTD. |
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Registered Office : |
27, Sampung-ro, Gyeongsan-si, Gyeongsangbuk-do,
Korea, 38542, Rm.101, 1-Test Production Factory, Gyeongbuk Technopark |
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Country : |
South
Korea |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
04.01.2003 |
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Com. Reg. No.: |
515-81-23483 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Industrial Ceramic Products |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 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 |
|
Company Name |
CERA TRAK CO., LTD. (Korean Company Name : “(주)세라트랙”) |
|
Registered Address |
27, Sampung-ro, Gyeongsan-si,
Gyeongsangbuk-do, Korea |
|
Building |
Rm.101, 1-Test Production Factory, Gyeongbuk Technopark |
|
Zip Code |
38542 |
|
Tel |
+82-53-801-8091 |
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Fax |
+82-53-801-8095 |
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E-mail |
ceratrak@unitel.co.kr |
|
Website |
www.ceratrak.com |
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Trading Address |
Rm.101, 1-Test Production Factory, Gyeongbuk
Technopark, 27, Sampung-ro, Gyeongsan-si, Gyeongsangbuk-do, Korea (Old Address System : Rm.101, 1-Test
Production Factory, Gyeongbuk Technopark, 300, Sampung-dong, Gyeongsan-si,
Gyeongsangbuk-do, Korea) |
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Tel |
+82-53-801-3125 |
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Fax |
+82-53-801-8095 |
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Other Address |
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|
Tel |
|
|
Fax |
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Type |
Export/Import |
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Industry |
Manufacture of Industrial Ceramic Products |
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Main Business |
Ceramic Nozzle, Oiling Nozzle, Migration Nozzle, Interlace Nozzle, Cera
Jet, Guide Plate, Ceramic Guide, Fine Ceramic, Ceramic Mold |
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Sub Business |
|
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Established (mm/dd/yyyy) |
01/04/2003 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Ceramic Nozzle |
|
Sell |
Guide Plate |
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Sell |
Ceramic Guide |
|
Name |
Lee Min-Hee |
|
Address |
Suite 107-201, 32, Daehak-ro 8-gil,
Gyeongsan-si, Gyeongsangbuk-do, Korea |
|
Date of Birth |
11/20/1964 |
|
Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
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Capital (KRW) |
480,000,000 |
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Employees |
40 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Siji Branch |
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Corporate Registered No. |
174811-0031809 |
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Business Registered No. |
515-81-23483 |
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Permit & Licenses |
05/17/2010 ISO 9001 Int’l Trade No.: 13105631 |
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Shareholder Position |
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Company History |
01/04/2003 Incorporated as the present name 05/2004 Designated as a Venture Business 07/2006 Designated as an INNO-BIZ Company 11/14/2006 Increased the authorized shares
to 1,000,000 shares from 400,000 shares 12/15/2006 Increased capital to 480,000,000
KRW from 320,000,000 KRW 07/10/2009 Designated as an INNO-BIZ
Company again 01/19/2010 Moved to Rm.112, HQ Bldg.,
Gyeongbuk Technopark, 27, Sampung-ro, Gyeongsan-si, Gyeongsangbuk-do, Korea
from HRD Center 1F, 241-1 Dea-dong Gyeongsan-si, Gyeongsangbuk-do712-749,
Republic of Korea 03/30/2012 Moved to the present HQ address
from Rm.112, HQ Bldg., Gyeongbuk Technopark, 27, Sampung-ro, Gyeongsan-si,
Gyeongsangbuk-do, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Lee Min-Hee |
Female |
Korean |
01/04/2006 |
|
Director |
Mr. |
Kim Young-Bok |
Male |
Korean |
01/04/2006 |
|
Auditor |
Mr. |
Kim Seok-Young |
Male |
Korean |
03/30/2012 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
4,027,322,000 |
4,137,842,000 |
143,680,000 |
|
2013 |
2,785,333,000 |
3,494,308,000 |
-473,043,000 |
|
2012 |
4,497,215,000 |
2,649,269,000 |
205,158,000 |
|
2011 |
4,462,347,000 |
2,475,599,000 |
156,701,000 |
|
2010 |
2,010,650,000 |
N/A |
34,590,000 |
|
Authorized Capital(KRW) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
480,000,000 |
|
Total Issued Shares |
480,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
4,137,842,000 |
3,494,308,000 |
2,649,269,000 |
|
Current Assets |
2,220,940,000 |
2,038,574,000 |
1,848,873,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
1,916,902,000 |
1,455,734,000 |
800,396,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
3,393,733,000 |
2,893,879,000 |
1,575,797,000 |
|
Current Liabilities |
2,418,880,000 |
2,383,916,000 |
1,336,322,000 |
|
Fixed Liabilities |
974,853,000 |
509,963,000 |
239,475,000 |
|
Capital Stock |
480,000,000 |
480,000,000 |
480,000,000 |
|
Capital Surplus |
320,000,000 |
320,000,000 |
320,000,000 |
|
Profit Surplus |
-55,891,000 |
-199,571,000 |
273,472,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
744,109,000 |
600,429,000 |
1,073,472,000 |
|
Liab. & Shareholder’s Equity |
4,137,842,000 |
3,494,308,000 |
2,649,269,000 |
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Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
4,027,322,000 |
2,785,333,000 |
4,497,215,000 |
|
Cost of Sold Goods |
2,719,840,000 |
2,243,809,000 |
2,588,740,000 |
|
Gross Profit |
1,307,482,000 |
541,524,000 |
1,908,475,000 |
|
Selling & Admin. Expenses |
1,083,852,000 |
1,009,288,000 |
1,614,239,000 |
|
Operating Income |
223,630,000 |
-467,764,000 |
294,236,000 |
|
Non-Operating Income |
295,179,000 |
403,627,000 |
549,202,000 |
|
Non-Operating Expenses |
375,129,000 |
408,906,000 |
618,720,000 |
|
Income Before Taxes |
143,680,000 |
-473,043,000 |
224,718,000 |
|
Income Taxes Expenses |
- |
- |
19,560,000 |
|
Net Income |
143,680,000 |
-473,043,000 |
205,158,000 |
|
Main Products & Services |
Ceramics parts for synthetic fiber
industries |
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Detailed Products Spec. |
|
|
Technologies Acquired |
|
The Subject exports
to Germany,
China, Japan, Indonesia, Thailand, Turkey, India, Pakistan, Taiwan, and USA.
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
|
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 |
-- |
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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.