MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
DANSUK
INDUSTRIAL CO., LTD. |
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Registered Office : |
1239-5, Jeongwang 3-Dong, Siheung-Si, Gyeonggi-Do, Korea |
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Country : |
Korea |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
08/06/1984 |
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Legal Form : |
Co., Ltd by shares, |
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Line of Business : |
Manufacturers of inorganic pigments and other
metal oxides |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually
Correct |
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Litigation : |
Clear |
Ⅰ.
Basic Information
Basic
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Company Name |
Dansuk Industrial
Co., Ltd. |
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Address |
1239-5, Jeongwang 3-dong, Siheung-si, GYEONGGI-DO, KOREA |
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Building |
1Da-705, Sihwa Industrial Complex |
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Zip Code |
429-913 |
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Tel |
+82-31-488-0700 |
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Fax |
+82-31-499-3909 |
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E-mail |
d5101@dansuk.co.kr |
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Website |
www.dansuk.co.kr |
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Kumi Factory |
623-16, Gupo-dong,
Gumi-si, Gyeongsangbuk-do 730-400 Korea |
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Tel |
+82-54-475-0116~7 |
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Fax |
+82-54-475-0118 |
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Yeongdeok Factory |
45, Hwacheon-ri, Yeongdeok-eup, Yeongdeok-gun, GYEONGSANGBUK-DO, KOREA |
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Tel |
+82-54-734-1621 |
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Fax |
+82-54-734-1622 |
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Type |
Export/Import |
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Industry |
Manufacture of Inorganic Pigments and Other Metal
Oxides |
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Main
Business |
PVC Stabilizer, Lead Compound, Fatty Acid |
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Sub
Business |
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Established |
08/06/1984 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Lead(11101714) |
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Sell |
Biochemicals(12352200) |
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Sell |
Additives(12160000) |
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Sell |
Organic halogenated compounds(12352101) |
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Sell |
High
Grade Lead Silicate |
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Sell |
Dibasic
Lead Phosphite |
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Sell |
Tribasic
Lead Sulphate(TLS) |
Others
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Name |
Han Gu-Jae |
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Address |
1648-2, Seocho-dong, Seocho-gu, Seoul 137-070 Korea |
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Date of Birth |
02/11/1956 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
5,000,000,000
KRW |
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Employees |
136 |
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Formation |
Co., Ltd by shares, Venture Business |
The subject deals
with the companies in China.
Ⅱ. Detailed Information
Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
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President & CEO |
Mr. |
Han Gu-Jae |
Male |
Korean |
04/01/2001 |
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Chairman
& Director |
Mr. |
Han
Ju-Il |
Male |
Korean |
04/01/2001 |
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Auditor |
Mr. |
Cho
Yong-Kun |
Male |
Korean |
06/19/2006 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2005 |
90,896,057,975 |
64,043,506,423 |
4,145,298,085 |
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2004 |
94,342,392,331 |
58,739,778,094 |
2,327,130,591 |
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2003 |
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2002 |
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Financial Description
Unit: KRW
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Authorized
Capital |
20,000,000,000 |
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Paid-Up
Capital |
5,000,000,000 |
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Total Issues Shares |
500,000 |
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Balance
Sheet Unit :
Korean Won |
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As of
12/31/2005 |
As of
12/31/2004 |
As of
12/31/2003 |
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Total Assets |
64,043,506,423 |
58,739,778,094 |
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Current Assets |
32,630,180,132 |
28,447,697,109 |
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-Quick
Assets |
20,867,114,777 |
15,660,315,585 |
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-Inventories |
11,763,065,355 |
12,787,381,524 |
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Fixed
Assets |
31,413,326,291 |
30,292,080,985 |
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-Investment |
4,800,697,645 |
4,469,879,686 |
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-Tangibles |
26,603,574,206 |
25,790,786,562 |
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-Intangibles |
9,054,440 |
31,414,737 |
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Total Liabilities |
36,887,743,740 |
35,750,524,960 |
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Current Liabilities |
27,577,752,174 |
29,710,233,258 |
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Fixed Liabilities |
9,309,991,566 |
6,040,291,702 |
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Capital Stock |
5,000,000,000 |
5,000,000,000 |
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Capital Surplus |
4,305 |
4,305 |
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Profit Surplus |
21,763,767,240 |
17,618,469,155 |
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Capital Adjustment |
391,991,138 |
370,779,674 |
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Total Equity |
27,155,762,683 |
22,989,253,134 |
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Liab. & Shareholder’s Equity |
64,043,506,423 |
58,739,778,094 |
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Income Statement Unit : Korean Won |
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As of
12/31/2005 |
As of
12/31/2004 |
As of
12/31/2003 |
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Sales |
90,896,057,975 |
94,342,392,331 |
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Cost of Sold Goods |
81,420,632,204 |
84,239,859,811 |
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Gross Profit |
9,475,425,771 |
10,102,532,520 |
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Selling
& Admin. Expenses |
6,106,501,884 |
5,441,166,932 |
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Operating Income |
3,368,923,887 |
4,661,365,588 |
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Non-Operating Income |
4,739,755,484 |
3,251,961,175 |
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Non-Operating expenses |
3,090,254,566 |
4,812,382,002 |
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Ordinary Income |
5,018,424,805 |
3,100,944,761 |
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Special Income |
- |
- |
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Income Before Taxes |
5,018,424,805 |
3,100,944,761 |
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Income Taxes Expenses |
873,126,720 |
773,814,170 |
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Net Income |
4,145,298,085 |
2,327,130,591 |
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Bank Details |
Kookmin Bank Shihwa Corporate Finance Branch |
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Corporate Registered
No. |
134111-0010839 |
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Business Registered
No. |
133-81-22642 |
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Permit &
Licenses |
1984 KS Mark 1997 ISO9002 01/02/2003 ISO 9001 01/02/2003 ISO 14001 |
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Shareholder
Position |
Han
Ju-Il : 157,751 Shares (31.5%) Han Gu-Jae :119,950
Shares (23.8%) Han eung-Wook : 94,499 Shares (18.8%) Others |
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Company History |
2005 Entered
the contract for the Site, 5,000 pyeong, at Zhuzhou 2004 Entered
the contract for the air cargo site (4,526 pyeong) 2003 Bought
out the fatty acid production facilities of 'Pyeong- 2002
Obtained the environment certificate of 'ISO 14001' 2001
Constructed 'Fine Chemical Complex' and Obtained a 2000 Won the
President Award at the 24th National 1999 Won the
Minister Award of 'Ministry of Commerce, 1998
Developed and manufactured an eco-friendly product, 1997
Obtained the Quality Certificate of ISO 9002 1996 Chosen
as "The best boastful small & middle businessman 1995
Transferred it to 'Shi-wha' Industrial Complex the 1993 Bought
out 'Dong-Yoon Industry', which was in the same 1989 Changed
the former business name to DANSUK FINE 1988
Established the automation equipment of the production 1986
Established the automation equipments for "Litharge 1984 Changed
the business name, 'Nobel Chemical Industry' 1977
Developed 'Litharge Granules' and sold it to 'TV' cathode- 1974 Moved
Kun-po plant to Shi-hung 1973
Developed and manufactured 'red lead', 'litharge' 1969
Developed 'Cu2O' first in Korea and also developed and 1965
Established Nobel Chemical Industry Co. |
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Products, Technologies, Services
Description
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Main
Products & Services |
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Detailed
Products Spec. |
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Technologies
Acquired |
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Organization Structure
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Suppliers |
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Customers |
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Competitors |
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Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
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Affiliates |
Dong Yoon Industrial Co., Ltd. Dansuk
Trading Co., Ltd. DS
Chem Co., Ltd. |
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Overseas Office |
China Factory Zhuzhou High And New Technology Industry
Development Zone, Hunan, China |
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Liaison Office |
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Overseas Branch |
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Join Venture |
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Subsidiary |
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Corporate Ownership |
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Major Shareholders |
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Cooperative Enterprise |
DS Chem Co.
TEL : 02-575-0922 FAX : 02-575-0704 1322, Hibrand Bldg., 215 Yangjae-dong Seocho-gu,
Seoul Korea Doori inter Chem
TEL :02-2168-4343 FAX : 02-2168-4346 2206, Hyundai 41 Tower, 917-9 Mok-dong,
Yangcheon-gu, Seoul Korea Sol Tech Co.
TEL : 02-430-5350 FAX : 02-430-5213 #915, 'Jeil' Officetel, 99-3, Garak-dong,
Songpa-gu, Seoul, Korea Yungboo Chemical TEL : 032-678-5578~9 FAX : 032-678-6929 178-2 Dodang-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do Korea Jung-Woo Co.
TEL : 031-455-6400 FAX : 031-455-6402 40 Dang-dong, Gunpo-si, Gyeonggi-do Korea Hwagong Industry
TEL : 02-3472-4467 FAX : 02-472-4468 414, Korea Business Center 1338-21 Seocho-dong,
Seocho-gu, Seoul Korea Dansuk Trade Co.
TEL : 82-51-642-9808 FAX : 82-51-632-1226 1711 Hanil Officetel, 815Munhyun-4dong, Nam-gu,
Busan, Korea |
Sales by
Region (Activity &
Markets)
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Sales/ Unit : KRW |
2005 |
2004 |
2003 |
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Export |
51,343,726,414 |
55,522,964,685 |
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Domestic |
39,552,331,561 |
38,819,427,646 |
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Total |
90,896,057,975 |
94,342,392,331 |
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Court
Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2003NA 70104 |
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The subject
company & Dong Yoon Industrial Co., Ltd. |
Nano
Tech Ceramics Co., Ltd. |
Application
for losses from nonfulfillment of obligation |
622,400,000 |
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News Clipping
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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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