MIRA
INFORM REPORT
|
Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DYNE TELECOM CO., LTD. |
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Registered Office : |
1123-1, Gwanyang 2-dong, Dongan-gu, Anyang-si, Gyeonggi-Do - 431-810 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
11/11/1997 |
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Legal Form : |
Company Limited by shares, Venture Business |
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Line of Business : |
Manufacture of Communication Apparatuses Without Any Line Connection and
Radio or Television Broadcasting Apparatuses |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
DYNE
TELECOM CO., LTD. |
|
Registered Address |
1123-1,
Gwanyang 2-dong, Dongan-gu, Anyang-si, GYEONGGI-DO, KOREA |
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Zip Code |
431-810 |
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Tel |
+82-31-422-3481 |
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Fax |
+82-31-422-3483 |
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E-mail |
service@dynetel.com |
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Website |
www.dynetel.com |
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Trading Address |
3rd Fl.,
Cheong-yong Bldg., 1123-1, Gwanyang 2-dong, Dongan-gu, Anyang-si,
GYEONGGI-DO, KOREA |
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Tel |
+82-31-422-3481 |
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Fax |
+82-31-422-3483 |
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Type |
Export/Import |
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Industry |
Manufacture of Communication Apparatuses Without Any Line Connection and
Radio or Television Broadcasting Apparatuses |
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Main Business |
Digital Voice Recorder, MP3 Player, USB Hard Driver |
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Established (mm/dd/yyyy) |
11/11/1997 |
The Subject occupies the premises of
registered address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Digital voice recorders(52161535) |
|
Buy |
Liquid crystal display LCD panels or monitors(43211902) |
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Buy |
Integrated circuits(32101600) |
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Buy |
Power supply transformers(39121002) |
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Buy |
Bare printed circuit boards(32131010) |
|
Buy |
Power adapters or inverters(39121006) |
|
Buy |
Electrical cable and accessories(26121600) |
|
Buy |
Filters(40161500) |
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Buy |
Diodes(32111500) |
|
Buy |
Random access memory RAM(32101601) |
|
Buy |
Switches and controls and relays and accessories(39121500) |
|
Buy |
Housings and cabinets(31261500) |
CEO’s
|
Name |
Lee Sang-Yong |
|
Address |
63, Gumi-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Date of Birth |
09/03/1957 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
825,000,000 KRW |
|
Employees |
35 |
|
Formation |
Co., Ltd by shares, Venture Business |
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Bank Details |
Industrial Bank of Korea Hokyei-Dong Branch |
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Corporate Registered No. |
134111-0057906 |
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Business Registered No. |
138-81-15637 |
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Permit & Licenses |
Int’l Trade No: 21034042 |
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Shareholder Position |
N/A |
Company History
2006 DEC Authentication of superior
technology company Merit in Gyeonggi-Do
2006 DEC INNO-BIZ certification by Small and
Medium Business Administration
2006 NOV participated in GITEX Dubai (Gulf
Information Technology Exhibition)
2006 SEP participated in
IFA2006(Internationale Funkausstellung) at Berlin
2006 AUG Tuny9 was voted the best product of
the year by Media Mart,Germany.
2006 MAR participated in CeBIT 2006 (World
Business Fair Office Automation, Information Technology, Telecommunications
Hannover)
2006 JAN participated at CES 2006 in Las Vegas,
USA
2005 JUN participated in Singapore
CommunicationAsia 2005
2005 SEP awarded the prize of of GD(Good
Design) by Korea Institute of Design Promotion
2005 SEP participated in
IFA2005(Internationale Funkausstellung) at Berlin
2005 OCT participated in HongKong Electronics
Show
2005 JUL Launched MP3 player
"TUNY11"
2005 APR 2005 participated in Singapore
Electronics show, Communic Asia.
2005 FEB Launched MP3 player
"TUNY9"
2005 FEB 2005 patent application (Hands free
with vocal modulation)
2005 FEB 2005 patent application (Voice
recorder with Image scanning)
2005 FEB Launched MP3 player
"TUNY7"
2005 JAN Participated at CES 2005 in Las
Vegas, USA
2004 DEC 2004 Issue of new shares to be
purchased (a company capitalized at eight hundred million and two thousand five
hundred won)
2004 DEC 2004 Appointed as new technology
Venture Capitalized Company
2004 NOV 2004 awarded Iron order of
industrial service merit (increasing exportation)
2004 NOV 2004 awarded Prize for export record
of a 10 Million dollars
2004 SEP Launched MP3 player
"TUNY5"
2004 AUG Launched MP3 player
"TUNY8"
2004 AUG Launched MP3 player
"TUNY6"
2004 JUL Launched MP3 player
"NewClue"
2004 MAR Launched MP3 player
"TUNY4"
2003 NOV Launched MP3 player "TUNY3"
2003 SEP The Gyeonggi-Do Outstanding SME
Award
2003 JUL Authentication of Merit in
Gyeonggi-Do
2003 JUN Launched MP3 player
"TUNY2"
2002 DEC Launched MP3 player "TUNY"
2002 NOV New tecnology company by venture
evaluation be designated high qualitied product(TUNY II) in HK market
2002 OCT Certificate of superior technology
company by Korea technology credit guarantee fund
2002 OCT Be registered utility model patent
of hand-free
2002 OCT Be registered patent of hand-free
2002 AUG Launched Voice Recorder
"Kalos"
2002 MAR Be registered utility model patent
of hand-free
2002 JAN Certificate of superior technology
company by Korea technology credit guarantee fund
2001 APR Launched Voice Recorder
"Encore"
2001 MAR Be registered patent of D.V.R II
with RF transmit function
2001 FEB Developed 2nd model of 'Digital
voice recorder'
2000 DEC Issue of new shards
2000 OCT Be registered patent of D.V.R II
with hearing aid function
2000 SEP Took part in 'PCIA show' in chicago,
U.S.A.
2000 SEP Launched digital voice recorder in
domesitc market
2000 AUG Recognized as the company with
special exemption from millitary service
2000 JUN Venture evaluation selcected us as
one of great enterprises
2000 JUN REgistered venture business by
kyungki province
2000 MAR Launched Voice Recorder
"Clue"
2000 MAR Developed 'digital voice recorder'
2000 FEB Launched FLEX PAGER
2000 JAN Took part in 'consumer show' in Las
vegas, U.S.A.
2000 JAN Established 'Dyne Touch Co.,' Lab
1999 NOV Made a contract with 'Tele Touch
Co.,' (A pager company located in U.S.A)
1999 MAR Award of US $1 Million export tower
1998 SEP Launched POCSAG PAGER
1997 NOV Established 'Dyne Telecom Co., Ltd.'
(capital 50,000,000 Won)
The Subject has been a developer and
manufacturer based in Korea, Since Dyne started for the operation as a Pager
maker in year 1997.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Lee Sang-Yong |
Male |
Korean |
11/11/1997 |
|
Director |
Mr. |
Kim Hyung-Joon |
Male |
Korean |
11/11/1997 |
|
Director |
Mr. |
Kim Kyu-Chang |
Male |
Korean |
11/11/1997 |
|
Auditor |
Mr. |
Oh Hae-Yon |
Male |
Korean |
11/11/1997 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
8,793,000,000 |
5,501,000,000 |
256,000,000 |
|
|
2004 |
10,590,000,000 |
4,183,000,000 |
217,000,000 |
|
2003 |
7,259,000,000 |
3,495,000,000 |
145,000,000 |
Financial Description
Unit: KRW
|
Authorized
Capital |
5,000,000,000 |
|
Paid-Up
Capital |
825,000,000 |
|
Total Issues Shares |
165,000 |
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Balance Sheet |
|||
|
Unit : Million Korean Won |
As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
|
Total Assets |
5,501 |
4,183 |
3,495 |
|
Current Assets |
3,267 |
2,646 |
2,111 |
|
-Quick Assets |
1,106 |
630 |
613 |
|
-Inventories |
2,161 |
2,016 |
1,498 |
|
Fixed Assets |
2,234 |
1,537 |
1,384 |
|
-Investment |
51 |
51 |
182 |
|
-Tangibles |
1,232 |
903 |
897 |
|
-Intangibles |
951 |
582 |
305 |
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Total Liabilities |
4,217 |
3,154 |
2,628 |
|
Current Liabilities |
3,490 |
2,479 |
2,128 |
|
Fixed Liabilities |
727 |
675 |
500 |
|
Capital Stock |
825 |
825 |
525 |
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Capital Surplus |
- |
- |
- |
|
Profit Surplus |
459 |
203 |
343 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
1,284 |
1,028 |
868 |
|
Liab. & Shareholder’s Equity |
5,501 |
4,183 |
3,495 |
|
Income Statement |
|||
|
Unit : Million Korean Won |
As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
|
Sales |
8,793 |
10,590 |
7,259 |
|
Cost of Sold Goods |
7,551 |
9,030 |
6,406 |
|
Gross Profit |
1,242 |
1,560 |
853 |
|
Selling & Admin. Expenses |
945 |
1,286 |
563 |
|
Operating Income |
297 |
274 |
290 |
|
Non-Operating Income |
140 |
134 |
89 |
|
Non-Operating expenses |
181 |
192 |
211 |
|
Ordinary Income |
256 |
217 |
168 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
256 |
217 |
168 |
|
Income Taxes Expenses |
- |
- |
23 |
|
Net Income |
256 |
217 |
145 |
Products,
Technologies, Services
Description
|
Main
Products & Services |
MPEG4 Player MP3 Player Digital Video Recorder Brand Name: brand: Zippy |
Trade Partners
|
Competitors |
Reign Com Samsung Electrnics |
Sales by Region (Activity
& Markets)
Not Available.
Court Action
Not Available.
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 |
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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 |
|
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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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%)