MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
Sejong
Pharmatech Co. Ltd. |
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Registered Office : |
419-4,
Cheongcheon 2-dong, Bupyeong-gu, Incheon 403-858 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
04/01/1993 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture
of Packing Machinery and Containers Cleaning Machinery |
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 |
Basic
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Company Name |
Sejong Pharmatech Co. Ltd. |
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Address |
419-4, Cheongcheon
2-dong, Bupyeong-gu, INCHEON, KOREA |
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Zip Code |
403-858 |
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Tel |
+82-32-508-1280~7 |
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Fax |
+82-32-508-1288~9 |
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E-mail |
master@sejong-trading.com |
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Website |
www.sejong-trading.com |
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Type |
Export |
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Industry |
Manufacture
of Packing Machinery and Containers Cleaning Machinery |
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Main Business |
Automatic
Capsule Filling Machine, Rotary Tablet Press, Automatic Coating Machine, High
Speed Mixer |
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Established |
04/01/1993 |
Detailed Products
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Activity |
Detailed
Products (UNSPSC) |
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Sell |
Coating
machines(23151502) |
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Sell |
Battery
chargers(26111704) |
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Sell |
Batch
mixers(23191000) |
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Sell |
Form
or fill or seal machinery(23152902) |
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Sell |
Iron
plate(30102203) |
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Sell |
Hydraulic
presses(27121500) |
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Buy |
Nuts(31161700) |
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Buy |
Aluminum(11101705) |
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Buy |
Iron
plate(30102203) |
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Buy |
Stainless
steel plate(30102205) |
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Buy |
Bolts(31161600) |
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Buy |
Non
ferrous alloy(11101711) |
Others
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Name |
Lee
Won-Woo |
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Address |
1037, Jung-dong, Wonmi-gu, Bucheon-si, Gyeonggi-do 420-020 Korea |
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Date of Birth |
05/10/1947 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
400,000,000 KRW |
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Employees |
75 |
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Formation |
Co., Ltd by shares |
The subject deals with the companies in India.
Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
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President & CEO |
Mr. |
Lee
Won-Woo |
Male |
Korean |
03/08/1993 |
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Director |
Mr. |
Yoi
Dae-Sik |
Male |
Korean |
12/20/2006 |
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Auditor |
Mr. |
Jeong Ju-Ik |
Male |
Korean |
02/23/2001 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2005 |
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2004 |
15,331,000,000 |
6,703,000,000 |
197,000,000 |
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2003 |
9,378,000,000 |
6,988,000,000 |
216,000,000 |
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2002 |
8,966,000,000 |
6,955,000,000 |
293,000,000 |
The latest financial is not available, but the
subject’s 2005 export sales amount has exceed to US$10 Million.
Financial Description
Unit: KRW
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Authorized
Capital |
4,000,000,000 |
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Paid-Up
Capital |
400,000,000 |
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Total Issues Shares |
40,000 |
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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 |
6,703 |
6,988 |
6,955 |
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Current Assets |
4,069 |
3,414 |
3,290 |
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-Quick
Assets |
3,412 |
3,011 |
2,570 |
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-Inventories |
656 |
403 |
720 |
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Fixed
Assets |
2,634 |
3,574 |
3,665 |
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-Investment |
652 |
610 |
621 |
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-Tangibles |
1,976 |
2,958 |
3,037 |
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-Intangibles |
6 |
6 |
7 |
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Total Liabilities |
3,449 |
3,943 |
4,021 |
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Current Liabilities |
3,373 |
2,652 |
2,469 |
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Fixed Liabilities |
77 |
1,291 |
1,552 |
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Capital Stock |
200 |
200 |
200 |
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Capital Surplus |
- |
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Profit Surplus |
3,053 |
2,845 |
2,734 |
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Capital Adjustment |
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Total Equity |
3,253 |
3,045 |
2,934 |
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Liab. & Shareholder’s Equity |
6,703 |
6,988 |
6,955 |
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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 |
15,331 |
9,378 |
8,966 |
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Cost of Sold Goods |
11,631 |
6,460 |
6,101 |
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Gross Profit |
3,700 |
2,918 |
2,865 |
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Selling
& Admin. Expenses |
3,518 |
2,585 |
2,218 |
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Operating Income |
182 |
333 |
647 |
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Non-Operating Income |
358 |
147 |
105 |
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Non-Operating expenses |
279 |
212 |
280 |
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Ordinary Income |
262 |
268 |
472 |
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Special Income |
- |
4 |
- |
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Income Before Taxes |
262 |
272 |
472 |
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Income Taxes Expenses |
65 |
56 |
179 |
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Net Income |
197 |
216 |
293 |
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Bank Details |
Korea Exchange Bank Dodang Dong Branch |
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Corporate Registered No. |
124311-0038227 |
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Business Registered No. |
130-81-42445 |
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Permit & Licenses |
10/28/2005 CE 07/07/2005 ISO 14001 06/28/2005 CE 04/29/2003 ISO 9001 07/08/2002 CE 03/09/1999 CE 12/15/1998 ISO 9001 |
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Shareholder Position |
Lee
Won-Woo -49.0% Jeong Ju-Ik-30.0% Ko Han-Soon-10.0% Others |
Company History
1989 1st. April Foundation
of SEJONG machinery industries.
1993 10th. March Start to
export forward the U.S.A. area. (Automatic Capsule Filling Machine)
1993 1st. April Conversion into SEJONG MACHINERY as a
corporate body.
1993 10th. April Expansion of products facility.
1993 23rd. June Registered
our own factory.
1993 26th. October Acquisition of the registration permission
as trade business.
1994 10th. January Start to
export forward Europe, Asia, and Africa. (Automatic Capsule Filling
Machine)
1994 5th. August Acquired the approval of the research center
attached in enterprise. (Korean industrial technology promotion association,
the approval number : 941181)
1996 30th. November Won the
prize of top export on Trade day "from commercial industry secretary.
1997 26th. March Nominated
as promising medium sized enterprise by the governor of Gyong-gi province.
1997 27th. November
Nominated as military service special company by the Defense ministry's
governor.
1998 30th. November Won the
prize of "Trade day" by the governor of industry & resource ministry.
1998 15th. December
Acquired certification of quality system KS A/ISO 9001.
1999 9th. March Acquired
certification of CE-MARK (Germany TUV-PS)
1999 19th. October Patent
application of "tablet press rotary style" (Patent government office
number : 45422)
1999 19th. October
Application of design register of " rotary tablet press" (Patent
government office number:25059)
1999 24th. December
Application of Utility model " rotary tablet press" (Powder discharge distributor) (Patent
government office number : 0174102)
2000 17th. February Patent
application of "automatic capsule filling machine" (Patent government
office number : 7457)
2000 17th. February
Application of design register of "pellet material distributor
machine"
2000 1st. July Movement of factory from Buchon to Bupyong.
2000 5th. July Registration
of practical new device of "auto capsule filling machine"
2000 28th. November
Application of design register of "tablet press machine " and
"pellet material distributor"
2001 9th. March Change of
company name as "SEJONG PHARMATECH"
2001 25th. May Nominated as
promising export medium sized enterprise. (by the president of the
export-supporting center in Inchon)
2001 05th. October
Application of Utility model " Auto tablet coating device" (Patent
government office number : 0250877)
2002 08th. July MRC, GRC
series , MRC-D series Acquired certification of CE-MARK (Germany TUV-PS)
2002 13th. November Patent
application of "Automatic capsule filling machine (Patent government
office number: 7457)
2002 29th. November Won the
prize of 300 million $ export on "Trade day" from commercial industry
secretary
2002 29th. November Won the prize of "Trade day" by
the governor of industry & resource ministry
2003 29th. April ISO
9001/2000 Acquired certification of Quality management system (Germany TUV)
2003 21st. October Patent
application of "Tablet coating system" (Patent government Off ice
number : 404046)
2004 06th. June
Registration of company name as "SEJONG PHARMATECH CO., LTD." (Patent
government office number : 585053)
2004 30th. August Patent
application of "Auto capsule filling machine" (Patent government
office number. 0447789
2004 10th. October Won the
prize of "The 5th Korea packing machine award in the section of Business
administration (from the president of Export-supporting Center)
2004 26th. November Won the
prize of "500 million $ export tower" on "Trade day" from
President of Korea, the Prime Minister(to CEO) and Ministry of Commerce,
Industry and Energy(to the employee)
2005 14th. January Patent
application of "Tablet press machine" (Patent government office
number : 30-2005-0001093)
Design right application of
"Tablet press machine" (Patent government office number :
30-2005-0001093)
2005 28th. March Utility
model application of "Compressing roller structure in Tablet Press
machine" (Patent government office number : 380839)
Utility model application
of "Track assembly structure in Tablet press machine" (Patent
government office number : 380840)
2005 2nd, May won the prize
of "Model labor" on "Labor day" from Bupyeung-gu
Administrator
2005 14th, June acquired
"CE-MARK" certification with "Automatic coating machine,
SFC-130FN" (TUV-PS)
2005 28th, June acquired
"CE-MARK" certification with "Automatic capsule filling machine,
SF-80N, 100N" (TUV-PS)
acquired "CE-MARK" certification with "Powder
loading system,
SPL-100, 200, 300" (TUV-PS)
acquired "CE-MARK" certification with "Capsule
loading system
SCL-100, 200, 301" (TUV-PS)
2005 7th, July acquired
"Environmental Management System, ISO 14001:2004 / KS A 14001:2004" certification
(International Standards Certification)
2005 13th, October won the
prize of "The 6th Korean packing machinery award" in the export
section
2005 23rd, October move into new factory (7,500㎡)
2005 30th, November won the prize of "10 million
export tower" on the 42nd Trade day" (Award from Korean President)
2006 26th, June Patented For Rotary tarblet press
2006 12th, July Patented for Roll pressure set of
Rotary tablet press
2006 11th, October Acquired "INNO-BIZ(Aa
grade)" Certification
Products,
Technologies, Services Description
|
Main
Products & Services |
Filing Machine Tablet Press Coating System Speed Mixer CF Coater |
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 |
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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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