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MIRA
INFORM REPORT
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Report No. : |
492040 |
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Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAEGUTEC
LTD. |
|
|
|
|
Registered Office : |
1040, Gachang-ro, Gachang-myeon,
Dalseong-gun, Daegu, Korea, 42936 |
|
|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.04.1998 |
|
|
|
|
Com. Reg. No.: |
514-81-30657 |
|
|
|
|
Legal Form : |
Limited Liability Company (LLC) |
|
|
|
|
Line of Business : |
Manufacture of Metal Cutting Machines [Cutting Machinery, Tungsten Powder, Metal Cutting Tool, Metal Cutting Processing Tool, Insert, Milling Cutter, Turning Folder] |
|
|
|
|
No. of Employees : |
1,240 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea joined the trillion-dollar club of world economies.
Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day. Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports. These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countries—including the United State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Korea’s trade with China over the deployment of a US missile defense system in South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption. Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.
|
Source
: CIA |
Basic Information
|
Company Name |
TAEGUTEC
LTD. (Korean
Company Name : “대구텍(유)”) |
|
Registered Address |
1040, Gachang-ro, Gachang-myeon,
Dalseong-gun, Daegu, Korea (Old Address System : 304, Yonggye-ri,
Gachang-myeon, Dalseong-gun, Daegu, Korea) |
|
Building |
|
|
Zip Code |
42936 |
|
Tel |
+82-53-760-7114
+82-53-770-5675 |
|
Fax |
+82-53-768-9677
+82-53-770-5660 |
|
E-mail |
ttsales@taegutec.co.kr;ct_d_sales@taegutec.co.kr;leeyj@taegutec.co.kr |
|
Website |
www.taegutec.co.kr |
|
Trading Address |
Rm.1313,
Byucksan DigitalvalleyⅤ, 244, Beotkkot-ro,
Geumcheon-gu, Seoul, Korea (Old Address System : Rm.1313,
Byucksan DigitalvalleyⅤ, 60-73,
Gasan-dong, Geumcheon-gu, Seoul, Korea) |
|
Tel |
+82-2-6393-8909 |
|
Fax |
+82-2-6393-8957 |
|
Other Address-Daegu Sales Office |
16,
Yutongdanji-ro, Buk-gu, Daegu, Korea |
|
Tel |
+82-53-604-5270 |
|
Fax |
+82-53-604-5275 |
|
Other Address-Ulsan Sales Office |
35,
Maegoksaneop-ro, Buk-gu, Ulsan, Korea |
|
Tel |
+82-52-274-3911 |
|
Fax |
+82-52-274-3912 |
|
Other Address-Chang Won Sales
Office |
320,
Woni-daero, Uichang-gu, Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-238-3452 |
|
Fax |
+82-55-238-3455 |
|
Other Address-Jungbu Sales Office |
6th Kwangju Muyeok Hoikwan Bldg, 282,
Mujin-daero, Gwangsan-gu, Gwangju, Korea |
|
Tel |
+82-62-943-3904~3906 |
|
Fax |
+82-62-943-8909 |
|
Other Address-Busan Sales Office |
803, Industrial Building 37, Gwaegam-ro, Sasang-gu, Busan, Korea |
|
Tel |
+82-51-319-1647~9 |
|
Fax |
+82-51-319-1654 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Metal Cutting Machines |
|
Main Business |
Cutting Machinery, Tungsten Powder, Metal Cutting Tool, Metal Cutting
Processing Tool, Insert, Milling Cutter, Turning Folder |
|
Sub
Business |
Manufacture of Powder Metallurgic Products |
|
Established (mm/dd/yyyy) |
04/17/1998 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Cutting tools(23153300) |
|
Sell |
Inserts(31162802) |
CEO’s
|
Name |
Han Hyun-Jun |
|
Date of Birth |
04/15/1960 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
296,204,820,000 |
||||||
|
Employees |
1,240 |
||||||
|
Formation |
Limited Liability Company(LLC) (from Co.,
Ltd by Shares) as of 07/30/2009 Foreign Direct Investment Corporation A Company of IMC Group |
||||||
|
Bank Details |
Shinhan Bank-Daegu Branch KEB Hana Bank-Daegu Branch(429, Jungang-daero, Jung-gu, Daegu, Korea) Woori Bank |
||||||
|
Corporate Registered No. |
170114-0008298 (from 110111-1536387) as
of 07/30/2009 |
||||||
|
Business Registered No. |
514-81-30657 |
||||||
|
Permit & Licenses |
05/19/2006 ISO 9001 Int’l Trade No.: 11543433 |
||||||
|
Shareholder Position |
|
||||||
|
Company History |
04/17/1998 Incorporated as Korea Cutting
Tools Ltd. 07/20/1998 Changed company name to Korea
Jung-Suck Cho-Kyung Ltd. 12/11/2002 Increased the authorized shares
to 40,000,000 KRW from 10,000,000 KRW 04/20/2003 Increased capital to 103,928,960,000 KRW 07/21/2003 Changed company name to the
present name 11/26/2004 awarded US$50 Million Export
Top Prize 01/23/2009 Increased capital to
163,928,960,000 KRW from 103,928,960,000 KRW 07/30/2009 Changed its company type to Limited
Responsibility Company from Co., Ltd by Shares 08/12/2009 Increased capital
to168,150,810,000 KRW from 163,928,960,000 KRW 05/06/2010 Increased capital to 208,150,810,000 KRW from 168,150,810,000 KRW 04/13/2011 Increased capital to 209,127,020,000 KRW
from 208,150,810,000 KRW 12/26/2011 Increased capital to 211,004,820,000 KRW
from 209,127,020,000 KRW 01/04/2012 Increased capital to 251,004,820,000 KRW
from 211,004,820,000 KRW 04/30/2013 Increased capital to 296,204,820,000 KRW
from 251,004,820,000 KRW |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Han Hyun-Jun |
Korean |
04/15/1960 |
03/30/2015 |
|
Director |
Lanta Mam |
Israeli |
07/10/1970 |
06/24/2013 |
|
Director |
Jacob Hapaz |
Israeli |
03/13/1951 |
03/30/2012 |
|
Director |
Erez Mizrahi |
Israeli |
03/31/1962 |
06/24/2013 |
|
Director |
Park Byung-Kil |
Korean |
02/15/1966 |
09/26/2010 |
|
Auditor |
Im Song-Dae |
Korean |
11/08/1966 |
03/30/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2015 |
|
|
|
|
2014 |
|
|
|
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
616,639,287,000 |
1,091,708,835,000 |
250,679,612,000 |
|
2010 |
459,517,614,000 |
772,731,878,000 |
127,900,570,000 |
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
306,392,270,674 |
485,686,552,971 |
76,420,403,225 |
|
2006 |
270,648,593,333 |
401,338,922,755 |
57,216,530,308 |
|
2005 |
247,755,378,800 |
413,769,662,755 |
75,729,612,726 |
|
2004 |
194,542,813,748 |
321,636,366,858 |
52,386,940,941 |
|
2003 |
147,743,593,737 |
259,353,334,373 |
41,962,152,934 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
Not Applicable to the Limited Liability Company(LLC) |
|
Paid-Up Capital(KRW) |
296,204,820,000 |
|
Total Issues Shares |
Not Applicable to the Limited Liability Company(LLC) |
|
Balance Sheet |
|||
|
Unit : Korean Won |
|
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
|
1,091,708,835,000 |
772,731,878,000 |
|
Current Assets |
|
629,920,428,000 |
450,241,631,000 |
|
-Quick Assets |
|
- |
- |
|
-Inventories |
|
- |
- |
|
Fixed Assets |
|
461,788,407,000 |
322,490,247,000 |
|
-Investment |
|
- |
- |
|
-Tangibles |
|
- |
- |
|
-Intangibles |
|
- |
- |
|
Total Liabilities |
|
201,891,920,000 |
95,569,634,000 |
|
Current Liabilities |
|
164,297,316,000 |
62,455,245,000 |
|
Fixed Liabilities |
|
37,594,604,000 |
33,114,389,000 |
|
Capital Stock |
|
211,004,820,000 |
208,150,810,000 |
|
Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
690,285,690,000 |
483,810,551,000 |
|
Capital Adjustment |
|
-13,309,708,000 |
-13,488,008,000 |
|
Total Equity |
|
889,816,915,000 |
677,162,244,000 |
|
Liab. & Shareholder’s Equity |
|
1,091,708,835,000 |
772,731,878,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
|
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
|
616,639,287,000 |
459,517,614,000 |
|
Cost of Sold Goods |
|
318,245,705,000 |
268,406,308,000 |
|
Gross Profit |
|
298,393,582,000 |
191,111,306,000 |
|
Selling & Admin. Expenses |
|
48,307,840,000 |
43,558,792,000 |
|
Operating Income |
|
250,085,742,000 |
147,552,514,000 |
|
Non-Operating Income |
|
69,370,526,000 |
34,237,950,000 |
|
Non-Operating expenses |
|
46,688,528,000 |
33,822,647,000 |
|
Income Before Taxes |
|
272,767,740,000 |
147,967,817,000 |
|
Income Taxes Expenses |
|
22,088,128,000 |
20,067,247,000 |
|
Net Income |
|
250,679,612,000 |
127,900,570,000 |
Products, Technologies, Services Description
|
Main Products & Services |
CUTTING TOOLS Turn Thread clamp mill Solid Carbide EndMills Taegu Drill Tooling System Tools for Automotive Parts INDUSTRIAL PRODUCTS Ultrahigh pressure apparatus Carbide Rolls Carbide Wear Parts Ceramic Wear Parts Tungsten Carbide Rods TUNGSTEN POWDERS |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
ISCAR LTD. INGERSOLL U.S.A INGERSOLL GMBH TAEGUTEC FRANCE |
|
Customers |
ISCAR LTD. INGERSOLL U.S.A INGERSOLL GMBH TAEGUTEC U.K TAEGUTEC SCANDINAVIA TAEGUTEC INDIA TAEGUTEC SHANGHAI TAEGUTEC ITALY TAEGUTEC BRAZIL TAEGUTEC TURKEY TAEGUTEC JAPAN TAEGUTEC FRANCE |
|
Competitors |
HWACHEON MACHINERY WORKS CO., LTD. 1022-7, BANGBAE 3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-7766 FAX:+82-2-523-7767 DAEHWA INDUSTRIAL MACHINERY CO., LTD. 676-1, NAKSAN-RI, WAEGWAN-EUP, CHILGOK-GUN,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-979-3000 FAX:+82-54-979-3030 FUSO INDUSTRIAL MACHINERY CO., LTD. 385-3, DEOKPO 2-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-302-1771 FAX:+82-51-302-3112 |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
INGERSOLL U.S.A INGERSOLL GMBH TAEGUTEC U.K TAEGUTEC SCANDINAVIA TAEGUTEC INDIA TAEGUTEC SHANGHAI TAEGUTEC ITALY TAEGUTEC BRAZIL TAEGUTEC TURKEY TAEGUTEC JAPAN TAEGUTEC FRANCE YZ ONE CO., LTD.(120111-0038639) XIAMEN HONGLU (30.0% held by the subject company) |
|
Overseas Office |
USA OFFICE 845 S LYFORD ROAD ROCKFORD, IL 61108-2749
U.S.A. TEL:+1-815-387-6600 FAX:+1-815-387-6968 TAEGUTEC BRAZIL RUA TITO, 104-LAPA-CEP 05051-000 SAO
PAULO-BRASIL TEL:+55 11 3862 1032 FAX:+55 11 3871 4575 TAEGUTEC UK WATERSIDE, GRANGE PARK, WETHERBY, LEEDS
LS22 5NB TEL:+44-1937-589828 FAX:+44-1937-589996 HARD METAL MACHINE TOOLS. LTD DARGAN HOUSE, DUNCAIRN TERRACE BRAY CO.
WICKLOW IRELAND TEL:+353-1-286-2466 FAX:+353-1-286-1514 TCE MOLENVELDWEG 14 5953KT REUVER, THE
NETHERLANDS TEL:+31-77-4742098 FAX:+31-77-4744030 USI-TOOLS PARC.IND.HAUTS-SARTS 1 AVENUE 145 4040
HERSTAL TEL:+32-42-480-481 FAX:+32-42-480-234 DECO-MECA Z. I. DES VALIGNONS B.P. 38 74460 MARNAZ,
FRANCE TEL:33-4-5098-2564 FAX:33-4-5098-8128 FRANCE OFFICE 82, QUAI AUGUSTE PREVOST F-77500 CHELLES,
FRANCE TEL:33-164-729510 TAEGUTEC-SCHNEIDWERKZEUGE KALTEICHE RING 21-25 D-35708 HAIGER,
GERMANY TEL:+49 (0) 2773-742-0 FAX:+49 (0)
2773-742-831 INTER CAST COMPANY WINDMUHLENSTRASSE 40 D-47800 KREFELD,
GERMANY TEL:+49-2151-1585 80 FAX:+49-2151-1585-52 ISCAR METALDUR SA SCHNEGG TOOLS AG SOLOTHURNSTRASSE 160 CH-
2500 BIEL 6 TEL:+0041- 32 341 8444 FAX:+0041- 32 341
8481 INTER CAST COMPANY WINDMUHLENSTRASSE 40 D-47800 KREFFLD,
GERMANY TEL:+49-2151-1585 80 FAX:+49-2151-1585-52 |
|
Overseas Office |
WINTER SERVIS LTD SUVOROVOVA 29,326 00 PLZEN, CZECH REP
PLZEN, CZECH REP TEL:+420-377-446-370 FAX:+420-377-440-696 INTEHNA D.O.O ADDRESS:SPRUHA 40, SI-1236, TRZIN SLOVENLA TEL:+386-1-580-9260 FAX:+386-1-562-2214 NONIUSZ SZERSZAM KERESKEDOHAZ H-1101 BUDAPEST, KOBANYAI UT 47/B HUNGARY TEL:36-1-260-3030 FAX:36-1-260-6083 CALMET S.L MIQUEL SERVET ,35 P.I BUFALVENT-08240
MANRESA BARCELONA, SPAIN TEL:+34-93-874-8530 FAX:+34-93-874-8148 EUROSIDER SISTEMAS Y SERVICIOS EN
SIDERURGIA, S.L AVDA. IFANTA CRISTINA 17 - ONDARRETA 20008
SAN SEBASTIAN, SPAIN TEL:+34-943-213-033 FAX:+34-943-312974 HEXATOOL SA RUA CASAL GALEGO, NO. 40, 44 2430 MARINHA
GRANDE, PORTUGAL TEL:+351-244-550424/5 FAX:+351-244-550426 TAEGUTEC ITALIA S.R.L. PIAZZA V.VENETO, 16-10043 ORBASSANO (TO),
ITALY TEL:+39-011-9015943 FAX:+39-011-9031563 VIA GALLARATE, 131 (VIA MAGREGLIO, ANG.
V.LE GHISALLO) 20151 MILANO, ITALY TEL:+39-02-38002694 FAX:+39-02-38002578 VIA ANDREA PALLADIO 23 25124 BRESCIA ITALY TEL:+39-030-231-0335 FAX:+39-030-231-0335 NONIUSZ SZERSZAM KERESKEDOHAZ H-1101 BUDAPEST, KOBANYAI UT 47/B HUNGARY TEL:36-1-260-3030 FAX:36-1-260-6083 TECHNOTOOL - K. FAKITSAS CO. MILIARAKI 20, 11145 ATHENS, GREECE TEL:30 2-10-832-0752, 30 2-10-854-2846
FAX:30-2-10-832-5824 TAEGUTEC TURKEY BOSTANC YOLU CAD. , KEYAP CARSI SITESI
NO:101/A YUKAR DUDULLU
UMRANIYE-ISTANBUL / TURKEY TEL:+90-216-313-4010 FAX:+90-216-313-4050 TAEGUTEC TURKEY BOSTANCIYOLU CAD. , KEYAP CARSI SITESI
NO:101/A YUKAR DUDULLU UMRANIYE-ISTANBUL / TURKEY TEL:+90-216-313-4010 FAX:+90-216-313-4050 E-MAIL: HSUNGUR@TEKOTEK.COM.TR |
|
Overseas Office |
ARK SANAYI URUNLERI TIC. LTD. STI BAGDAT CAD. NO:530 / 9, 34744 BOSTANCI
ISTANBUL -TURKEY TEL:90-216-416-7510 FAX:90-216-416-7514 TAEGUTEC SCANDINAVIA A/S OM0GADE 8, DK-2100 COPENHAGEN, DENMARK TEL:+45 70220103 FAX:+45 70220107 CARBO TECH NORDIC BERNHARD BANGS ALLE 39, DK-2000
FREDERIKSBERG, DENMARK TEL:+45-7022-2223 FAX:+45-7022-2234 PRIDE-TWL 123007, CHOROSHEVSKOJE SHOSSE, 32A, MOSCOW,
RUSSIA TEL : 7 095 247 26 41 FAX : 7 095 247 26 38 TAEGUTEC CHINA LTD. SHANGHAI OFFICE ROOM 1001,10/F, BAOSTEEL PUDONG
INTERNATIONAL TRADE TOWER, 88 HEDAN ROAD, WAIGAOQIAO FREE TRADE ZONE,
SHANGHAI, CHINA TEL:+86-21-5868-0970 FAX:+86-21-5868-0973 BEIJING ROOM #318, ZHONGCHEN OFFICE BUILDING, NO. 1
LIZE ZHONG 2 LU, WANGJING, CHAOYANG DISTRICT, BEIJING, CHINA.PC:100102 TEL:+86-10-6439-9905/9906 FAX:+86-10-6439-9907 SHENYANG ROOM D, 11TH FLOOR, NEW GANGAO
INTERNATIONAL BUILDING, NO. 51 BEIZHAN ROAD, SHENHE DISTRICT, SHENYANG, CHINA TEL:+86 -24-2256 6070, 22566072 FAX:+86-
24-2256 6211 KOREA TUNGSTEN TAEGUTEC FUZHOU OFFICE FUZHOU, FUJIAN SHENG, CHINA TEL:+86-0591-789-9935 FAX:+86-0591-789-9936 CANADD CORPORATION GUANGZHOU OFFICE ROOM914, GITIC PCAZA MAIN BUILDING 339
HUANSHI DONG RD. GUANGZHOU CHINA TEL:+86 020-83321602 FAX:+86 020-83321605 TAEGUTEC JAPAN ENDO BLDG.1F 1-14-25 TACHIBANA NAKA-KU
NAGOYA 460-0016, JAPAN TEL:+81-52-339-3337 FAX:+81-52-339-5553 TAIWAN FULL DARE CO., LTD NO. 176 HWAN-PEI ROAD, CHUNG LI CITY 32011,
TAIWAN , R.O.C. TEL:+886-3-422-9018 FAX:+886-3-425-3402 |
|
Overseas Office |
WHACKING INDUSTRY CO., LTD NO. 56, MING-TAI ST, KU-SHAN DISTRICT,
KAOHSIUNG, TAIWAN TEL:+886-7-552-0528 FAX:+886-7-554-1322 ARAICO ENTERPRISE CO., LTD 6F-2, NO. 47 CHUNG-HWA, 4TH ROAD, KAOHSIUNG
802, TAIWAN, R.O.C TEL:+07-336-4221 FAX:+07-334-9420 TAEGUTEC INDIA P LTD. PLOT NOS.119 AND 120, BOMMASANDRA
INDUSTRIAL AREA, PHASE IV,BANGALORE 560 099, INDIA TEL:+91-80 7831870 FAX:+91-80-7831869 J.P INDUSTRIAL SERVICES 311, F-WING, KAILASH INDUSTRIAL COMPLEX
PARK SITE, VIKHROLI(W) MUMBAI-400 079 INDIA TEL:+91-22-5555-1307 FAX:+91-22-2579-0744 TOOLING MASTER CO., LTD 246/40 M00. 8 T. SAMRONGTAI A. PHRAPRADAENG
SAMUTPRAKARN 10130 THAILAND TEL:+662-759-9300 FAX:+662-759-9173 VIET - THAI ENGINEERING JSC (VTEC) 29. NGOCLAM - LONGBIEN - HANOI - VIETNAM TEL:+84 - 4 - 6503426 FAX:+84 - 4 - 6503427 TAEGUTEC TOOLING SYSTEMS MALAYSIA SDN. BHD NO5, JALAN SUNGAI KAYU ARA32/39, TAMAN
BERJAYA, SEKSYEN 32 40460 SHAH ALAM SELANGOR DARUL EHSAN, MALAYSIA TEL:+603-57402288 FAX:+603-57402268 |
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Overseas Office |
TT TOOLING SYSTEMS BK502, #03-823, JURONG WEST AVENUE 1,
SINGAPORE 640502 TEL:+65-6-4254918 FAX:+65-6-4254521 TAIWAN FULL DARE CO., LTD NO. 176 HWAN-PEI ROAD, CHUNG LI CITY 32011,
TAIWAN, R.O.C. TEL:+886-3-422-9018 FAX:+886-3-425-3402 WHACKING INDUSTRY CO., LTD NO. 56, MING-TAI ST, KU-SHAN DISTRICT,
KAOHSIUNG, TAIWAN TEL:+886-7-552-0528 FAX:+886-7-554-1322 ARAICO ENTERPRISE CO., LTD 6F-2, NO. 47 CHUNG-HWA, 4TH ROAD, KAOHSIUNG
802, TAIWAN, R.O.C TEL:+07-336-4221 FAX:+07-334-9420 COLT COMMERCIAL SUITE 505-A PADILLA DE LOS REYES BLDG. , 232 JUAN LUNA ST. BINONDO,
MANILA, PHILIPPINES TEL:+(63-2) 244-9756~7, 247-1489 / 91 / 92
FAX:+(63-2) 241-6745 TAEGUTEC AUSTRALIA PTY LTD. UNIT 53/9 HOYLE AVENUE CASTLE HILL NSW
2154, AUSTRALIA TEL:+61 2 98948077 FAX:+61 2 98949077 BETACUT SA(PTY) LTD NO. 43 SOUTH MAIN REEF ROAD NEW ERA SPRINGS
GAUTENG SOUTH AFRICA TEL:+2711-362-1500 FAX:+2711-362-1511 |
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Liaison Office |
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Overseas Branch |
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Joint Venture |
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Subsidiary |
TAEGUTEC TOOLING SYSTEMS MALAYSIA SDN. BHD. |
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Corporate Ownership |
BERKSHIRE HATHAWAY INC. IMC INTERNATIONAL METALWORKING COMPANIES
B.V. |
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Major Shareholders |
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Cooperative Enterprise |
-Operating lease contract ISCAR LTD. -Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
Sales by Region (Activity & Markets)
The Subject deals
with the companies in USA, Europe and Asia.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
|
KRW |
1 |
INR 0.059 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.