MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
S. K.
BRAZING CO. |
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Registered Office : |
565-2, Sincheon-Dong,
Siheung-Si, Gyeonggi-Do, Korea |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
15.09.1993 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture
of Welding and Cutting Machines and Appliances |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 Information
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Company Name |
S.K. Brazing Co. |
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Address |
565-2,
Sincheon-dong, Siheung-si, GYEONGGI-DO, KOREA |
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Zip Code |
429-888 |
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Tel |
+82-31-404-8020 |
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Fax |
+82-31-404-8025 |
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E-mail |
skb984@unitel.co.kr |
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Website |
www.skbrazing.co.kr |
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Type |
Export/Import |
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Industry |
Manufacture
of Welding and Cutting Machines and Appliances |
|
Main Business |
Auto Brazing
Machine, Soldering Machine, Digital Torch Kit |
|
Sub Business |
Brazing Education Academy |
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Established |
09/15/1993 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Soldering
and brazing and welding machinery and supplies(23171500) |
|
Sell |
Gas
regulators(40142201) |
|
Sell |
Feeder
harness(23153023) |
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Sell |
Applicators(24122006) |
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Buy |
Control
unit(43201542) |
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Buy |
Bolts(31161600) |
|
Buy |
Nuts(31161700) |
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Buy |
Coil(30101900) |
|
Buy |
Pressure
sensors(41111927) |
|
Buy |
Pneumatic
cylinders(27131701) |
|
Buy |
Ferrites(32121703) |
|
Buy |
Touch
screen monitors(43211903) |
|
Buy |
Solenoid
valves(40141605) |
|
Buy |
Power
supply transformers(39121002) |
|
Buy |
Circuit
breakers(39121601) |
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Buy |
Bar(30101600) |
|
Buy |
Aluminum(11101705) |
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Buy |
Steel
plate(30102204) |
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Buy |
Copper
wire(26121517) |
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Buy |
Diodes(32111500) |
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Buy |
Capacitors(32121500) |
Others
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Name |
Shin
Young-Sik |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
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Employees |
16 |
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Formation |
Sole Proprietorship |
The subject exports to over 25 countries including
USA, Canada, France, Iran, Taiwan and India.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Shin
Young-Sik |
Male |
Korean |
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Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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|
|
|
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2004 |
2,459,000,000 |
1,805,000,000 |
179,000,000 |
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2003 |
2,029,000,000 |
1,582,000,000 |
100,000,000 |
|
2002 |
2,020,000,000 |
1,401,000,000 |
739,000,000 |
The latest financial is not available.
Financial Description
Unit: KRW
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Balance
Sheet Unit :
Million Korean Won |
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As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Total Assets |
1,805 |
1,582 |
1,401 |
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Current
Assets |
912 |
732 |
515 |
|
-Quick Assets |
704 |
597 |
475 |
|
-Inventories |
208 |
136 |
40 |
|
Fixed Assets |
893 |
850 |
887 |
|
-Investment |
5 |
10 |
5 |
|
-Tangibles |
888 |
839 |
881 |
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-Intangibles |
1 |
1 |
1 |
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Total
Liabilities |
1,243 |
1,037 |
856 |
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Current
Liabilities |
686 |
524 |
287 |
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Fixed
Liabilities |
557 |
512 |
569 |
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Capital
Stock |
562 |
545 |
545 |
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Capital
Surplus |
- |
- |
- |
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Profit
Surplus |
- |
- |
- |
|
Capital
Adjustment |
- |
- |
- |
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Total Equity |
562 |
545 |
545 |
|
Liab. &
Shareholder’s Equity |
1,805 |
1,582 |
1,401 |
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Income Statement Unit : Million Korean
Won |
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As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Sales |
2,459 |
2,029 |
2,020 |
|
Cost of Sold
Goods |
2,041 |
1,548 |
1,531 |
|
Gross Profit |
418 |
481 |
489 |
|
Selling
& Admin. Expenses |
294 |
296 |
294 |
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Operating
Income |
124 |
185 |
195 |
|
Non-Operating
Income |
133 |
17 |
623 |
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Non-Operating
expenses |
58 |
65 |
57 |
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Ordinary
Income |
199 |
138 |
762 |
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Special
Income |
- |
- |
- |
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Income
Before Taxes |
199 |
138 |
762 |
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Income Taxes
Expenses |
20 |
37 |
22 |
|
Net Income |
179 |
100 |
739 |
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Bank Details |
Kookmin Bank Ansan Branch Nonghyup Bank Ansan Branch |
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Business
Registered No. |
133-22-66231 |
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Permit &
Licenses |
02/16/2004 CE Mark 01/04/2001 ISO 9001 Int’l Trading No.: 21016983 |
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Shareholder
Position |
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Company History |
09/15/1993
Established 11/30/2005
Awarded US$1 Million Export Top Prize |
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Products, Technologies, Services
Description
|
Main Products & Services |
Brand Name: Solbra AUTO BRAZING M/C AUTO SOLDERING M/C |
Organization Structure
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Customers |
Hyundai Motor Company Samsung Electronics Daewoo Electroics LG Electronics Winia Mando Delphi Korea |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Join Venture |
Kamala S.K. Brazing Co.,Ltd-India |
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Cooperative
Enterprise |
Handy
& Harman Group-USA |
RATING EXPLANATIONS
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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 |
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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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