MIRA
INFORM REPORT
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Report Date : |
24.01.2007 |
IDENTIFICATION DETAILS
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Name : |
SILKROAD
C&T CO., LTD. |
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Registered Office : |
9th
Fl., Diplomatic Center Bldg., 1376-1, Seocho 2-dong, Seocho-gu, |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
04/14/1990 |
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Legal Form : |
Company Limited by shares, Venture Business |
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Line of Business : |
Manufacture
of all other Chemical Products n.e.c. |
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 : |
Regular |
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Litigation : |
Clear |
Basic
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Company Name |
SILKROAD C&T
CO., LTD. |
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Address |
1376-1, Seocho 2-dong,
Seocho-gu, |
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Building |
9th
Fl., Diplomatic Center Bldg. |
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Zip Code |
137-863 |
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Tel |
+82-2-2057-0114 |
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Fax |
+82-2-2057-6060 |
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E-mail |
sroad@silkroadcnt.co.kr; business@silkroadcnt.co.kr |
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Website |
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Taean
Factory |
1003, Sakseon-ri,
Taean-eup, Taean-gun, |
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Tel |
+82-41-672-8877 |
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Fax |
+82-41-672-8879 |
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Pyeongtaek
Factory |
182-3,
Unyong-ri, Dunpo-myeon, Asan-si, |
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Tel |
+82-41-533-8877 |
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Fax |
+82-41-533-8888 |
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Type |
Export/Import |
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Industry |
Manufacture
of All Other Chemical Products n.e.c. |
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Main
Business |
Accelerators
for Shotcrete, Poly Carboxylic Acid (PCA),Concrete Admixture, Fly Ash, Poly
Naphthalene Suphonate |
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Established |
04/14/1990 |
Detailed Products
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Activity |
Detailed
Products (UNSPSC) |
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Sell |
Cement
accelerators(12162302) |
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Sell |
Expanding
agents(12163300) |
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Sell |
Lubricating
preparations(15121500) |
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Sell |
Flame
retardants(12162100) |
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Sell |
Curing
agents(12162300) |
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Buy |
Packaging
films(24141514) |
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Buy |
Bins
and baskets(24112000) |
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Buy |
Packaging
tubes and cores and labels and accessories(24141700) |
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Buy |
Packaging
tape(31201517) |
Others
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Name |
Park
Min-Hoan Education:
Career:
Dong-A Construction |
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Address |
992-8, Bangbae-dong, Seocho-gu, Seoul 137-060 Korea |
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Date of Birth |
12/17/1947 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
1,950,000,000 KRW |
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Employees |
127 |
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Formation |
Co., Ltd by shares, Venture Business |
The subject deals with the companies in
Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
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President & CEO |
Mr. |
Park
Min-Hoan |
Male |
Korean |
08/19/1993 |
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Vice
President |
Mr. |
Cho
Seung-Jo |
Male |
Korean |
03/18/1996 |
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Executive
Director |
Mr. |
Chung
Won-Bae |
Male |
Korean |
03/27/2000 |
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Auditor |
Mr. |
Kim
Jin-Chon |
Male |
Korean |
03/24/2006 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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2005 |
27,889,928,170 |
30,005,964,803 |
448,172,458 |
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2004 |
26,845,679,460 |
26,177,197,256 |
341,592,259 |
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2003 |
26,267,659,479 |
32,093,451,923 |
561,262,183 |
Financial Description
Unit: KRW
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Authorized
Capital |
20,000,000,000 |
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Paid-Up
Capital |
1,950,000,000 |
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Total Issues Shares |
3,900,000 |
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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 |
30,005,964,803 |
26,177,197,256 |
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Current Assets |
9,478,177,747 |
7,177,689,523 |
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-Quick
Assets |
7,585,925,252 |
5,963,504,057 |
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-Inventories |
1,892,252,495 |
1,214,185,466 |
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Fixed
Assets |
20,527,787,056 |
18,999,507,733 |
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-Investment |
8,065,690,337 |
7,706,751,110 |
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-Tangibles |
11,435,430,035 |
10,518,442,002 |
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-Intangibles |
1,026,666,684 |
774,314,621 |
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Total Liabilities |
23,682,782,399 |
20,107,187,310 |
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Current Liabilities |
19,239,457,253 |
18,078,991,991 |
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Fixed Liabilities |
4,443,325,146 |
2,028,195,319 |
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Capital Stock |
1,950,000,000 |
1,950,000,000 |
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Capital Surplus |
325,000,000 |
325,000,000 |
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Profit Surplus |
4,048,182,404 |
3,795,009,946 |
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Capital Adjustment |
- |
- |
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Total Equity |
6,323,182,404 |
6,070,009,946 |
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Liab. & Shareholder’s Equity |
30,005,964,803 |
26,177,197,256 |
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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 |
27,889,928,170 |
26,845,679,460 |
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Cost of Sold Goods |
18,409,670,807 |
18,109,721,990 |
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Gross Profit |
9,480,257,363 |
8,735,957,470 |
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Selling & Admin. Expenses |
7,847,322,328 |
7,131,851,129 |
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Operating Income |
1,632,935,035 |
1,604,106,341 |
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Non-Operating Income |
230,486,288 |
332,920,203 |
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Non-Operating expenses |
1,612,761,599 |
1,752,051,245 |
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Ordinary Income |
250,659,724 |
184,975,299 |
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Special Income |
- |
- |
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Income Before Taxes |
250,659,724 |
184,975,299 |
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Income Taxes Expenses |
(-)197,512,734 |
(-)156,616,960 |
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Net Income |
448,172,458 |
341,592,259 |
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Bank Details |
Industrial Bank of Kyodae Station Branch |
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Corporate
Registered No. |
210111-0008336 |
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Business
Registered No. |
310-81-03989 |
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Permit &
Licenses |
01/1995 KS 09/1997 ISO 9002 04/2001 KS 09/2003 ISO 9001 |
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Shareholder
Position |
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Company
History |
Dec 2002
re-designated as venture firm (for new technology) Nov 2002
moved head office (to 9th Oct 2002
registered as promising exporter (by the Small and Medium Business
Department) Aug 2002
passed the preliminary examination for the listing on KOSDAQ Jul 2002
completed the Pyungtaek Factory Apr 2002
selected as beneficiary of the technology innovation & development
program for Alkali-free accelerator (by SMBD) Mar 2002
Increased capital to 1,950,000,000 KRW from 1,300,000,000 KRW Feb 2002
completed expansive agent facilities (annual capacity :50,000 ton) and
Fly-ash storage silo. Jan 2002
corporation registration with the Financial Supervisory Commission Apr 2001
Company name changed to SILKROAD C&T Apr 2000
selected as beneficiary of the technology innovation & development
program for Fly-Ash and lime expansive agent (by SMBD) Mar 1999
selected as beneficiary of the industrial technology development
program for PCA (by Ministry of Commerce, industry and Energy) Feb 1999
designated as venture firm with the investment by venture capitals (by
SMBD, no: 99112211-792) Jul 1998
established the government-authorized technology institute Jul 1998
made cooperative R&D agreement with research institutes of
universities in Chungcheongnam-do May 1998
extended production facilities of underwater admixtures May 1998
received AE water reducer supply contract for Asia Cement Mar 1998
extended production facilities of aluminate liquid accelerators Sep 1997
obtained ISO 9002 certificate (from the Korea Foundation for Quality,
No: AC-00695) Jun 1997
designated as promising advanced technology firm (by SMBD, No: 97161) May 1997
selected as beneficiary of the technology innovation & development
program for aluminate liquid accelerator by SMBD Mar 1997
received concrete admixture supply contract for Dong-A Construction
Ind. Dec 1996
extended storage facilities (storage capacity of 500 ton) Dec 1995
extended superplasticizer facilities Jan 1995
obtained KS Certificate in concrete admixtures (No: 11661) Dec 1993
completed Taean Factory in Taean-gun, Chungnam (Annual production
capacity of water reducers: 15,000 ton) Apr 1990
established Silkroad Construction Chemical Mar 1983
received concrete admixture supply contract for Tongyang Cement Jan 1983
established Silkroad Corporation |
Products,
Technologies, Services Description
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Main
Products & Services |
Admixtures
for concrete, accelerators for shotcrete and other specialized admixtures |
Organization
Structure
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Suppliers |
DC Chemical Co., Ltd. |
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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