MIRA
INFORM REPORT
|
Report Date : |
04.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
NADATEL CO., LTD. |
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Registered Office : |
Rm. 601, Woolim e-biz Center 2-cha, 184-1, Guro 3-dong, Guro-gu, Seoul
– 152-769 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
09/15/1992 |
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Legal Form : |
Company Limited by shares, Venture Business |
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Line of Business : |
Manufacture of Line Telecommunication Apparatuses |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
NADATEL
CO., LTD. |
|
Registered Address |
184-1,
Guro 3-dong, Guro-gu, SEOUL, KOREA |
|
Building |
Rm. 601, Woolim e-biz Center 2-cha |
|
Zip Code |
152-769 |
|
Tel |
+82-2-856-3941 |
|
Fax |
+82-2-856-8626 |
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E-mail |
info@nadatel.com |
|
Website |
www.nadatel.co.kr |
|
Trading Address |
Rm.
601, Woolim e-biz Center 2-cha, 184-1, Guro 3-dong, Guro-gu, SEOUL, KOREA |
|
Tel |
+82-2-856-3941 |
|
Fax |
+82-2-856-8626 |
|
Factory |
197-24,
Guro-dong, Guro-gu, SEOUL, KOREA |
|
Tel |
+82-2-858-3941 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Line Telecommunication Apparatuses |
|
Main Business |
Digital Video Recorder, Remote Surveillance System, Remote Education
Solution |
|
Sub
Business |
Other Software Consultancy and supply |
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Established (mm/dd/yyyy) |
09/15/1992 |
The Subject owns the premises of the
registered Head Office (142.4㎡) and its appraisal price is 300,464,000 KRW.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Digital Video Recorder |
|
Sell |
Remote Surveillance System |
|
Sell |
Remote Education Solution |
|
Sell |
Video Equipment System |
CEO’s
|
Name |
Kim Seung-Beom |
|
Address |
707, Sindaebang-dong, Dongjak-gu, Seoul, Korea |
|
Date of Birth |
11/27/1958 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
4,082,814,000 KRW |
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Employees |
41 |
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Formation |
Co., Ltd by shares, Venture Business |
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Bank Details |
Shinhan Bank Seocho Nam Branch Korea Exchange Bank Industrial Bank of Korea Hana Bank |
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Corporate Registered No. |
110111-0888010 |
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Business Registered No. |
214-81-46400 |
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Permit & Licenses |
2006 Acquired ISO 14001 certification 09/2005 Acquired ISO 9001 certification 05/1995 KT Int’l Trade No.: 11541637 |
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Shareholder Position |
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Company History
2006 Announced DVR SDVR-9000/16000
240fps
2006 Produced DVR SDVR-4500C/9000C/16000C
(CDRW)
2006 Produced NGuard-VS/VD 1000
2006 Increased Capital to 4.08 billion won
2006 Be selected as INNO-BIZ
2006 Announced DVR SDVR-4500C/9000C/16000C
(MPEG-4, CDRW)
2006 Acquired ISO 14001 certification
2005 Acquired ISO 9001 certification
2005 Announced DVR SDVR-9000 stand-alone
16-channel
2005 Announced DVR SDVR-16000 stand-alone
9-channe
2005 Moved Head Office
2005 Announced DVR SDVR-4500 stand-alone
4-channel (Cost Effective type)
2004 Acquired Patent of Speaker Location
2004 Detection System using Microphone
2003 Produced NGuard 1600i
2003 Produced NGuard 1500i
2003 Announced DVR SDVR-4000 stand-alone
4-channel
2002 Announced Axtive Trick, microphone
system tracking the speaker
2002 Announced NGuard 3000 IP version
2001 Announced NGuard 3000, high definition
monitoring system
2001 Produced OmniClass 3.0 / OmniStore 3.0
2001 Produced OmniClass 2.0 supporting
Streaming function based on MS WMV
2001 Announced NGuard 3000
2000 Increased Capital to 3.02 billion
won
2000 Produced VGate PT-400
2000 Produced Video Phone (VoGoPhone model)
2000 Changed the company name to NADATEL Co.,
Ltd.
1999 Produced NGuard 2000,
1999 Announced High-Resolution NGuard 2000
1999 Announced ViewSite Version 2.0
1999 Supplied Video Phone (See&Say Model)
to Hanaro
1999 Awarded a Jang Yeongsil prize for its
TeamView
1998 Awarded an SMBA Technical Innovation
gold prize for its ViewSite.
1998 Announced LectureWave (system for
education)
1998 Announced ViewSite Version 1.0 (Set-Top
video conference)
1998 Be confirmed as a Venture Company
1998 Be selected as Prospected Export Company
(Promotion Department of Medium and Small Enterprise)
1997 Obtained capital investment from KTB (Korea
Technology Banking Corp.)
1997 Announced conference room-type, ISDN,
Internet and intranet-based video conference (TeamView)
1997 Announced DeskView Version 2.5
1996 Be selected as a public-based technology
developer by the MOIC for “the development of moving picture signal
transmission system by telephone line”
1996 Be selected as a Leading Venture Company
by the Department of Telecommunication
1996 Be selected as a core technology
developer by the MOIC for “the development of MCU for video communication”
1996 Announced DeskView Version 1.5
1995 Be selected as a substitution service of
an army site by the MOCIE
1995 Be selected as a supplier of multimedia
terminals to the multimedia complex of Korea Telecommunication
1995 Be selected as a bright small and medium
business by the MOIC
1995 Be approved Domestic Advanced Technology
(Department of Science & Technology)
1995 Required for KT mark (new Korean
Technology) on personal video conferencing system based on PC
1995 Be selected as company what be supported
the IT promotion fund(Started development of a PC document-based conferencing
system for international standards)
1995 Announced DeskView Version 1.1
1994 Started selling of DeskView Version
1.0
1994 Be selected as company for developing
core project by the Ministry of Science and Technology (desktop video
conferencing system)
1993 Be selected as a special case business
by the Ministry of Science & Technology
1993 Registered as company what be attached
R&D center under the influence of the Ministry of Science & Technology
1993 Be selected as company what be supported
the IT promotion fund by the Ministry of Communication (Started development of videophone for
PC)
1992 Established NADA RESERCH Co., Ltd.
The Subject Company first opened its doors
back in 1992 with a capital investment of \200 million and five employees.
As of the year 2000 the company had grown
into a promising enterprise with over \3 billion in capital. Since its
foundation The Subject Company has continuously developed core digital video
technologies, and based on this innovation has introduced video conferencing,
digital video security, video phone and high-performance DVR (digital video
recorder) systems one after another onto the market.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Kim Seung-Beom |
Male |
Korean |
04/22/1996 |
|
Director |
Mr. |
Kim Chang-Dong |
Male |
Korean |
05/23/2002 |
|
Director |
Mr. |
Kim Seong-Ho |
Male |
Korean |
03/14/2006 |
|
Auditor |
Mr. |
Cho Seung-Phil |
Male |
Korean |
03/22/2007 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2006 |
12,176,747,255 |
12,217,341,810 |
673,264,782 |
|
5,811,640,235 |
8,394,458,655 |
92,148,986 |
|
|
2004 |
3,940,422,323 |
6,445,179,059 |
63,711,593 |
|
2003 |
5,398,656,119 |
5,478,825,622 |
143,928,706 |
Financial Description
Unit: KRW
|
Authorized
Capital |
50,000,000,000 |
|
Paid-Up
Capital |
4,082,814,000 |
|
Total Issues Shares |
8,165,628 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Total Assets |
12,217,341,810 |
8,394,458,655 |
6,445,179,059 |
|
Current Assets |
8,527,262,272 |
5,355,662,755 |
4,493,285,640 |
|
-Quick Assets |
3,344,751,515 |
2,321,698,014 |
2,844,830,085 |
|
-Inventories |
5,182,510,757 |
3,033,964,741 |
1,648,455,555 |
|
Fixed Assets |
3,690,079,538 |
3,038,795,900 |
1,951,893,419 |
|
-Investment |
390,563,060 |
368,535,820 |
699,277,360 |
|
-Tangibles |
1,411,117,455 |
1,351,590,226 |
131,434,564 |
|
-Intangibles |
1,888,399,023 |
1,318,669,854 |
1,121,181,495 |
|
Total Liabilities |
6,516,986,734 |
4,407,672,361 |
2,550,541,751 |
|
Current Liabilities |
4,980,425,418 |
3,048,247,864 |
1,554,742,775 |
|
Fixed Liabilities |
1,536,561,316 |
1,359,424,497 |
995,798,976 |
|
Capital Stock |
4,082,814,000 |
3,042,510,000 |
3,042,510,000 |
|
Capital Surplus |
644,487,009 |
644,487,009 |
644,487,009 |
|
Profit Surplus |
973,054,067 |
299,789,285 |
207,640,299 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
5,700,355,076 |
3,986,786,294 |
3,894,637,308 |
|
Liab. & Shareholder’s Equity |
12,217,341,810 |
8,394,458,655 |
6,445,179,059 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Sales |
12,176,747,255 |
5,811,640,235 |
3,940,422,323 |
|
Cost of Sold Goods |
8,968,652,024 |
3,817,175,341 |
2,072,350,723 |
|
Gross Profit |
3,208,095,231 |
1,994,464,894 |
1,868,071,600 |
|
Selling & Admin. Expenses |
2,423,187,890 |
1,840,000,687 |
1,808,221,126 |
|
Operating Income |
784,907,341 |
154,464,207 |
59,850,474 |
|
Non-Operating Income |
203,758,507 |
89,791,463 |
88,987,345 |
|
Non-Operating expenses |
315,401,066 |
152,106,684 |
85,126,226 |
|
Ordinary Income |
673,264,782 |
92,148,986 |
63,711,593 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
673,264,782 |
92,148,986 |
63,711,593 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
673,264,782 |
92,148,986 |
63,711,593 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Cash Flows from Operating |
(-)290,694,482 |
(-)754,553,140 |
400,061,507 |
|
-Net Income |
673,264,782 |
92,148,986 |
63,711,593 |
|
-Exp. without Cash Outflow |
872,256,807 |
626,704,071 |
484,974,865 |
|
-Revenue without Cash Inflows |
(-)7,267,420 |
(-)785,502 |
(-)2,070,061 |
|
-Changes in Asset/ & Liability |
(-)1,828,948,651 |
(-)1,472,620,695 |
(-)146,554,890 |
|
Cash Flows from Investing |
(-)1,294,531,562 |
(-)1,186,985,073 |
(-)745,081,044 |
|
-Cash Inflow from Investing |
987,700,000 |
1,172,500,000 |
1,655,192,574 |
|
-Cash Outflows for Investing |
(-)2,282,231,562 |
(-)2,359,485,073 |
(-)2,400,273,618 |
|
Cash Flows from Financing |
2,161,990,616 |
1,616,325,505 |
539,413,248 |
|
-Cash Inflows from Financing |
3,667,078,511 |
2,690,087,895 |
713,762,390 |
|
-Cash Outflows from Financing |
(-)1,505,087,895 |
(-)1,073,762,390 |
(-)174,349,142 |
|
Increase/Decrease in Cash |
576,764,572 |
(-)325,212,708 |
194,393,711 |
|
Cash at the Beginning of Year |
43,542,754 |
368,755,462 |
174,361,751 |
|
Cash at the End of Year |
620,307,326 |
43,542,754 |
368,755,462 |
Products,
Technologies, Services
Description
|
Main
Products & Services |
Digital Video Recorder Triplex, Video Compression 4/9/16 channel Stand-alone type Remote Surveillance System Real-time long-distance video surveillance
system CAMERA |
Trade Partners
|
Customers |
Philtech Information & Communication |
Related Parties
(Subsidiaries, Joint-
Venture &
Affiliates)
|
Affiliates |
S-Net System Philtech Information & Communication Nine Plaza Nada ID |
Sales by Region (Activity
& Markets)
The Subject exports to Europe, USA, China, Japan, Australia and Asian
countries.
Court Action
No
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 |
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 |
|
<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 |
|
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%)