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Report No. : |
342123 |
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Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
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Name : |
EBC KOREA CO., LTD. |
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|
|
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Registered Office : |
184, Gasan digital 2-ro, Geumcheon-gu, Seoul |
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Country : |
Korea South |
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Date of Incorporation : |
21.04.1999 |
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Com. Reg. No.: |
133-81-41218 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales and Retails of Automobile Parts. |
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No. of Employee : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Korea South |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
KOREA SOUTH 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 AsianFINANCIAL 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 FreeTRADE 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
|
Company Name |
EBC KOREA CO., LTD. |
|
Registered Address |
184, Gasan digital 2-ro, Geumcheon-gu, Seoul, Korea |
|
Building |
Rm.1222, Byucksan Digital Valley II |
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Zip Code |
08501 |
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Tel |
+82-2-2113-1700 |
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Fax |
+82-2-2113-1701 |
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E-mail |
|
|
Website |
|
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Trading Address |
Rm.1222, Byucksan Digital Valley II, 184, Gasan digital 2-ro,
Geumcheon-gu, Seoul, Korea (Old Address System : Rm.1222, Byucksan Digital Valley II, 481-10,
Gasan-dong, Geumcheon-gu, Seoul, Korea) |
|
Tel |
+82-2-2113-1700 |
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Fax |
+82-2-2113-1701 |
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Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
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Industry |
Wholesales and Retails of Automobile Parts |
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Main Business |
Batteries, Computer Parts |
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Sub Business |
|
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Established (mm/dd/yyyy) |
04/21/1999 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Batteries and cells and accessories(26111700) |
|
Sell |
Product specific battery packs(26111710) |
|
Name |
Lee Jong-Hyuck |
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Address |
Suite 212-604, 237, Gwiin-ro, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
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Date of Birth |
09/26/1960 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
100,000,000 |
|
Employees |
12 |
|
Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
134911-0014629 |
|
Business Registered No. |
133-81-41218 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
04/21/1999 Incorporated as LG KOREA CO., LTD. 11/12/2001 Changed company name to the present name |
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|
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Jong-Hyuck |
Male |
Korean |
03/05/2004 |
|
Director |
Mr. |
Hwang Nam-Sung |
Male |
Korean |
11/01/2001 |
|
Auditor |
Mr. |
Park You-Keun |
Male |
Korean |
03/05/2004 |
The financials are not available, and the Subject Company does not have
any obligations to release its financials to the public.
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issued Shares |
10,000 |
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Main Products & Services |
Batteries, Computer Parts |
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Detailed Products Spec. |
-- |
|
Technologies Acquired |
-- |
|
Suppliers |
-- |
|
Customers |
J&L TECH CO.,LTD. KMT ENGINEERING CO.,LTD. SEBANG INDUSTRIAL CO.,LTD. AMER-SIL S.A YUCRY TRAFFIC APPLIANCES CO.,LTD. WEGMANN AUTOMOTIVE GMBH & CO. KG ATOMIZED PRODUCTS GROUP, INC. ADDENDA CORPORATION SARV SANAT TOO CO. GREEN BATTERY TECHNOLOGY BATTERY COMPONENTS & CONSULTANT |
|
Competitors |
PJ KODIVAC CO., LTD. RM. 104, DAERYUNG TECHNO TOWN 2-CHA, 569-21, GASAN-DONG, GEUMCHEON-GU,
SEOUL, KOREA TEL:+82-2-3281-2451
FAX:+82-2-3281-2456 HANBON CO., LTD. 538, BYEONGJEOM-DONG, HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-225-3961
FAX:+82-31-225-3966 REVO CO., LTD. RM.108, GWANGJU TECHNOPARK VENTURE CENTER, 333, CHEOMDANGWAGI-RO,
BUK-GU, GWANGJU, KOREA TEL:+82-70-7094-7390
FAX:+82-2-2083-1522 |
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.62 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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.