MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SEJEONG KOREA CO., LTD. |
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Registered Office : |
2nd Fl., 466-8, Gunja-dong, Gwangjin-gu, |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
09/29/1990 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Wholesale of Medical, Professional and Scientific Instruments and
Equipment. |
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 |
SEJEONG KOREA CO., LTD. |
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Registered Address |
466-8, Gunja-dong, Gwangjin-gu, |
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Building |
2nd Fl. |
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Zip Code |
143-838 |
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Tel |
+82-2-461-9254 |
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Fax |
+82-2-469-4258 |
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E-mail |
webmaster@healthfirst.co.k; sjkmedical@daum.net |
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Website |
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Trading Address |
2nd Fl., 466-8, Gunja-dong, Gwangjin-gu, |
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Tel |
+82-2-461-9254 |
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Fax |
+82-2-469-4258 |
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Industry |
Wholesale of Medical, Professional and Scientific Instruments and
Equipment |
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Main Business |
Sphygmomanometry, Wheel Chair, Gauze, Injector |
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Sub
Business |
Electronic Commerce Via Internet |
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Established (mm/dd/yyyy) |
09/29/1990 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Medical equipment and accessories and
supplies(42000000) |
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Sell |
Baby and toddler furniture and
accessories(56101800) |
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Sell |
Rehabilitation exercise devices and
equipment(42251600) |
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Sell |
Patient care and treatment products and
supplies(42140000) |
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Sell |
Physical and occupational therapy and
rehabilitation products(42250000) |
CEO’s
|
Name |
Kang Dae-Hoon |
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Address |
89, Bangi-dong, Songpa-gu, |
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Date of Birth |
09/25/1950 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
400,000,000 KRW |
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Employees |
11 |
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Formation |
Co., Ltd by shares |
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Bank Details |
S.C. First Bank of Nonghyup Bank |
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Corporate Registered No. |
110111-1591711 |
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Business Registered No. |
207-81-52791 |
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Permit & Licenses |
Int’l Trade No.: 11635350 |
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Shareholder Position |
Kang Dae-Hoon - 40.0% Park Ye-Chun -40.0% Jung-Duck-Hoon-10.0% |
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Company History |
10/01/1990 Established as Sejung Co. 09/29/1998 Incorporated as Sejung Co.,
Ltd. 09/29/1998 Changed company name to the
present name 12/27/2001 Increased capital to
400,000,000 KRW from 200,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Kang Dae-Hoon |
Male |
Korean |
09/29/1998 |
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Director |
M/S. |
Park Ye-Chun |
Female |
Korean |
09/29/1998 |
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Director |
Mr. |
Jung-Duck-Hoon |
Male |
Korean |
09/29/1998 |
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Auditor |
Mr. |
Park Keun-Eon |
Male |
Korean |
07/19/2000 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2004 |
4,175,000,000 |
2,110,000,000 |
36,000,000 |
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2003 |
3,679,000,000 |
1,704,000,000 |
87,000,000 |
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2002 |
3,189,000,000 |
1,462,000,000 |
73,000,000 |
Financial Description
Unit: KRW
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Authorized Capital |
1,000,000,000 |
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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 |
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Total Assets |
2,110 |
1,704 |
1,462 |
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Current Assets |
2,070 |
1,640 |
1,392 |
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-Quick Assets |
1,902 |
1,613 |
1,382 |
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-Inventories |
168 |
27 |
10 |
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Fixed Assets |
40 |
64 |
70 |
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-Investment |
31 |
43 |
43 |
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-Tangibles |
9 |
21 |
26 |
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-Intangibles |
- |
- |
1 |
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Total Liabilities |
1,441 |
1,071 |
908 |
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Current Liabilities |
1,408 |
1,062 |
886 |
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Fixed Liabilities |
33 |
9 |
22 |
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Capital Stock |
400 |
400 |
400 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
269 |
233 |
154 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
669 |
633 |
554 |
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Liab. & Shareholder’s Equity |
2,110 |
1,704 |
1,462 |
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Income Statement |
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Sales |
4,175 |
3,679 |
3,189 |
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Cost of Sold Goods |
3,548 |
3,092 |
2,649 |
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Gross Profit |
627 |
587 |
540 |
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Selling & Admin. Expenses |
543 |
477 |
444 |
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Operating Income |
84 |
110 |
97 |
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Non-Operating Income |
63 |
38 |
31 |
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Non-Operating expenses |
91 |
43 |
42 |
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Ordinary Income |
56 |
105 |
86 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
56 |
105 |
86 |
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Income Taxes Expenses |
20 |
18 |
13 |
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Net Income |
36 |
87 |
73 |
Products,
Technologies, Services
Description
|
Main Products & Services |
The subject distributes the medical
supplies and equipments to the major hospitals. |
Sales by Region (Activity
& Markets)
Not Available.
Court Action
Not Available.
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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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%)