MIRA
INFORM REPORT
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Report Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
YOUNG
POONG ELECTRONICS CO. LTD. |
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Registered Office : |
779-2, Wonsi-dong, Danwon-gu, Ansan-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 : |
16.01.1990 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Printed Circuit Boards |
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 : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Basic
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Company Name |
Young Poong Electronics Co.,
Ltd. |
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Address |
779-2,
Wonsi-dong, Danwon-gu, Ansan-si, GYEONGGI-DO, KOREA |
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Building |
10B-24, Banwol Industrial Complex |
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Zip Code |
425-852 |
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Tel |
+82-31-490-7213 |
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Fax |
+82-31-495-2584 |
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E-mail |
ypfpc@ypfpc.co.kr |
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Website |
www.ypfpc.co.kr |
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Factory |
14B-22L, Banwol
Industrial Complex, 473-2, Mongnae-dong, Danwon-gu, Ansan-si, GYEONGGI-DO,
KOREA |
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Tel |
+82-31-490-9580 |
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Fax |
+82-31-494-8870 |
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Type |
Export/Import |
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Industry |
Manufacture of Printed Circuit Boards |
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Main
Business |
Printed Circuit Board, Flexible Printed Circuit
Board |
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Sub Business |
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Established |
01/16/1990 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Bare printed circuit boards(32131010) |
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Sell |
Flexible
Printed Circuits Board |
Others
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Name |
Chang Byung-Taek |
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Address |
715, Deungchon-dong, Gangseo-gu, Seoul 157-030 Korea |
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Date of Birth |
12/22/1948 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
16,500,000,000 KRW |
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Employees |
278 |
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Formation |
Co., Ltd by shares, A company of Young
Poong Corporation |
The subject deals
with the companies in Japan.
The subject
specializes in manufacturing the FPCB, which is a flexible printed circuit
board.
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
President & CEO |
Mr. |
Chang Byung-Taek |
Male |
Korean |
12/18/2001 |
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Director |
Mr. |
Chang
Hyung-Jin |
Male |
Korean |
02/29/2000 |
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Director |
Mr. |
Sunwoo
Kuk-Il |
Male |
Korean |
02/28/2003 |
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Director |
Mr. |
Cho
Kyu-Bom |
Male |
Korean |
02/26/2005 |
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Director |
Mr. |
Cho
Yong-Dae |
Male |
Korean |
02/26/2005 |
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Director |
Mr. |
Lee
Chan-Ho |
Male |
Korean |
03/15/2006 |
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Auditor |
Mr. |
Kim
Jin-Yool |
Male |
Korean |
03/15/2006 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2005 |
186,720,198,042 |
103,811,337,794 |
9,509,308,218 |
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2004 |
221,558,074,481 |
86,626,393,000 |
15,271,469,574 |
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2003 |
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2002 |
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Financial Description
Unit: KRW
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Authorized
Capital |
25,000,000,000 |
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Paid-Up
Capital |
16,500,000,000 |
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Total Issues Shares |
3,300,000 |
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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 |
103,811,337,794 |
86,626,393,000 |
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Current Assets |
63,157,913,233 |
57,900,538,851 |
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-Quick
Assets |
30,223,356,754 |
32,837,507,827 |
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-Inventories |
32,934,556,479 |
25,063,031,024 |
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Fixed
Assets |
40,653,424,561 |
28,725,854,149 |
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-Investment |
13,528,302,244 |
3,057,965,948 |
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-Tangibles |
27,125,122,317 |
25,667,888,201 |
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-Intangibles |
- |
- |
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Total Liabilities |
57,875,219,758 |
50,199,583,182 |
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Current Liabilities |
43,723,151,784 |
44,274,098,447 |
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Fixed Liabilities |
14,152,067,974 |
5,925,484,735 |
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Capital Stock |
16,500,000,000 |
16,500,000,000 |
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Capital Surplus |
- |
- |
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Profit Surplus |
29,436,118,036 |
19,926,809,818 |
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Capital Adjustment |
- |
- |
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Total Equity |
45,936,118,036 |
36,426,809,818 |
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Liab. & Shareholder’s Equity |
103,811,337,794 |
86,626,393,000 |
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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 |
186,720,198,042 |
221,558,074,481 |
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Cost of Sold Goods |
165,394,612,549 |
190,171,109,437 |
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Gross Profit |
21,325,585,493 |
31,386,965,044 |
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Selling
& Admin. Expenses |
10,722,223,845 |
9,086,009,796 |
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Operating Income |
10,603,361,648 |
22,300,955,248 |
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Non-Operating Income |
5,138,026,747 |
3,518,625,168 |
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Non-Operating expenses |
3,403,604,202 |
8,163,203,016 |
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Ordinary Income |
12,337,784,193 |
17,656,377,400 |
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Special Income |
- |
- |
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Income Before Taxes |
12,337,784,193 |
17,656,377,400 |
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Income Taxes Expenses |
2,828,475,975 |
2,384,907,826 |
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Net Income |
9,509,308,218 |
15,271,469,574 |
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Bank Details |
Woori Bank Bnwol Branch |
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Corporate Registered
No. |
135011-0032106 |
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Business Registered
No. |
134-81-09623 |
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Permit &
Licenses |
10/1991 UL 12/1993 UL 06/1996 ISO 9002 03/18/1997 Single PPM 02/2004 ISO 9001 11/2004 ISO 14001 |
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Shareholder
Position |
Young Poong Corporation has 100% shares. |
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Company History |
2004.12. Young Poong Electronics (Suzhou china
plant) Inc. Ran the
post-processing line 2004.11. Won the Thirty Million Export Tower Award 2004.11. Acquired ISO 14001 (Korea Management
Association Registrations and Assessments, Inc.) certification 2004.02. Acquired ISO 9001:2000 ISO/TS 16949:2002
(UL) certification 2003.11. Won the Twenty Million Export Tower Award 2003.04. Expanded the new facility (including the
wet-line facility for fine pattern) 2002.12. Completed the expansion of Plant II 2002.08. Established the affiliated research center
2002.04. Implemented the in-house ERP 2002.02. Moved the head office (779-2) 2000.05. First completed Plant II 2000.03. Changed its name to Young Poong
Electronics Co., Ltd. from Young Poong Electronic industries Co., Ltd. 1990.01. Established the corporation (YUWON
Electronics Inc.) 1991.03. Started the manufacturing (single-sided
and double-sided) 1995.05. Struck a technical alliance with SUMITOMO 1996.06. Acquired ISO 9002 Quality Certificate
(UL) 1997.04. Acquired 100PPM Quality Certificate (Small
and Medium-sized Enterprise Administration) 1997.11. Acquired the Ten Million Export Tower
Award |
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Products, Technologies, Services
Description
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Main
Products & Services |
FPCB for Mobile phone FPCB for Camcorder / Small Electrics FPCB for CD-ROM/CDP FPCB for LCD Monitor / TV FPCB for PDP |
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Detailed
Products Spec. |
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Technologies
Acquired |
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Organization Structure
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Customers |
Ø Samsung
Electro-Mechanics Co., Ltd. Ø Samsung
SDI Ø TIAMA
Microelctronics Ø Samsung
Electronics Ø Samsung
techwin Ø LG
Electronics Ø Pantech
& Curitel Ø SKTT Ø Sharp Ø Agilent
Technologies Ø Lenovo Ø LITEON |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
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Subsidiary |
Flex Link, Inc. Young Poong China |
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Corporate Ownership |
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Major Shareholders |
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Cooperative Enterprise |
SUMITOMO-Japan |
Affiliates
Young Poong
Corporation
Youngpoong Bldg.,
142, Nonhyeon 1-dong, Gangnam-gu, SEOUL, KOREA
135-749
Tel :+82-2-519-3314
Fax :+82-2-548-8505
Korea Zinc Co., Ltd.
President: Keun-Cheol
Choi
Address: Youngpoong
Bldg. 142 Nonhyeon-dong Gangnam-gu Seoul 135-749 South Korea
Tel : 82-2-519-3416
Fax : 82-2-549-8245
Industry: Manufacture
of Smelting, Refining and Alloys of Lead, Zinc and Tin
Young Poong Book
Store Co., Ltd.
Address: 142,
NONHYEON-DONG, GANGNAM-GU, SEOUL 135-749 SOUTH KOREA
Tel : 82-2-399-5608
Fax : 82-2-399-0675
Industry: Retail Sale
of Books and Magazines
YOUNGPOONG
ELECTRONICS CO LTD
779-2 WONSI-DONG
DANWON-GU ANSAN SI GYEONGGI-DO SOUTH KOREA
425-090
Tel : 82-31-490-7213
Fax : 82-31-495-2584
Signetics Corp.
Address: 483-3,
Beopheung-ri, Tanhyeon-myeon Paju-si Gyeonggi-do 413-841 South Korea
Tel : 82-31-940-7400
Fax : 82-31-940-7908
Industry: Manufacture
of Electronic Integrated Circuits
KOREA CIRCUIT
CO., LTD
Young Poong
Development Co., Ltd.
President: Young-Seo
Koo
Address: 142,
NONHYEON-DONG, GANGNAM-GU, SEOUL 135-749 SOUTH KOREA
Tel : 82-2-737-2151
Fax : 82-2-735-3819
Industry: Renting of
Non-Residential Buildings
Young Poong Precision
Corporation
Interflex Co., Ltd.
Korea Nickel Corp.
Terranix Co., Ltd.
Prime Electronic Co.,
Ltd.
Apex Korea Co., Ltd.
Multi Korea
Techno Circuit Co., Ltd.
Fine Circuit Co.,
Ltd.
Seolin Corporation
Tower Land Co.,
Ltd.(Ex. Korea Heavy Machinary)
Selin Yutong
Seolin Information
& Technology
Korea Energy
STI
KG Engineering
Clean Korea
Yumi Development
Sewon Textile
Signetics
Sales by
Region (Activity & Markets)
|
Sales/ Unit : KRW |
2005 |
2004 |
2003 |
|
Export |
98,977,761,534 |
78,466,689,607 |
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Domestic |
84,305,669,118 |
139,874,577,987 |
|
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Others |
3,436,767,390 |
3,216,806,887 |
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Total |
186,720,198,042 |
221,558,074,481 |
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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 |
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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 |
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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 |
|
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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