MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
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 : |
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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, |
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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) |
|
Sell |
Coating
machines(23151502) |
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Sell |
|
|
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 |
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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
Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
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 |
|
2004 |
15,331,000,000 |
6,703,000,000 |
197,000,000 |
|
2003 |
9,378,000,000 |
6,988,000,000 |
216,000,000 |
|
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
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
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
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
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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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%)