MIRA
INFORM REPORT
|
Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
HANSUNG HEAVY ELECTROMECHANICS CO., LTD. |
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Registered Office : |
185-1, Yangbok-Ri, Bogae-Myeon, Anseong-Si, Gyeonggi-Do -
456-872 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
10/14/1998 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Electronic Capacitors |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Basic
|
Company Name |
HANSUNG HEAVY ELECTROMECHANICS CO., LTD. |
|
Registered
Address |
185-1, Yangbok-ri, Bogae-myeon, Anseong-si, GYEONGGI-DO,
KOREA |
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Zip Code |
456-872 |
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Tel |
+82-31-677-3061~3 |
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Fax |
+82-31-677-3064 |
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E-mail |
capacitor1@hansung1.co.kr |
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Website |
www.hansung1.co.kr |
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Trading Address |
185-1, Yangbok-ri, Bogae-myeon, Anseong-si, GYEONGGI-DO, KOREA |
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Tel |
+82-31-677-3061~3 |
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Fax |
+82-31-677-3064 |
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Type |
Export |
|
Industry |
Manufacture of Electronic Capacitors |
|
Main Business |
Power Condenser, Fan Coil Unit, Heat Recovery Ventilator |
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Established
(mm/dd/yyyy) |
10/14/1998 |
The subject owns
the registered premises.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Capacitors(32121500) |
|
Sell |
Power capacitor |
|
Buy |
Aluminum(11101705) |
|
Buy |
Lubricating preparations(15121500) |
|
Buy |
Polypropylene PP(13102022) |
CEO’s
|
Name |
Han Wan-Soo |
|
Address |
36-1,
Neung-Dong, Hwasung-Si, Gyunggi-Do, Korea |
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Date of Birth |
12/08/1946 |
|
Title |
President
& CEO |
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Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
2,500,000,000 KRW |
|
Employees |
45 |
|
Formation |
Co., Ltd by
shares |
|
Bank Details |
Woori bank Ansung Branch |
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Corporate
Registered No. |
134611-0011366 |
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Business
Registered No. |
125-81-26652 |
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Permit &
Licenses |
05/24/1999 ISO
9001 08/1999 KS
Mark |
|
Shareholder
Position |
Han Wan-Soo :51.0% Kim Yon-Hee :
48.8% Ha Jeong-Seok
: 0.2% |
|
Company
History |
Nov. 1998 : Purchase Power Capacitor Manufacture Facilities from LeeChun Dec. 1998 : Established HANSUNG Heavy Electro-Mechanics Co., Ltd. Apr. 1999 : Established Laboratory May 1999 : Approved ISO 9001 / KSA 9001 Aug. 1999 : Approved KS C 4802 “ High Voltage Power Capacitor” Oct. 1999 : Production Start for Power Capacitor Mar. 2000 : Production of Low Voltage Mold Type Capacitor Mar. 2000 : Licensed with technology of NOKIAN CAPACITOR Oct. 2000 : Designated as a Venture Business |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
President
& CEO |
Mr. |
Han Wan-Soo |
Male |
Korean |
02/12/1999 |
|
Director |
M/S. |
Kim Yon-Hee |
Female |
Korean |
10/14/1998 |
|
Director |
Mr. |
Ko Ho-Seok |
Male |
Korean |
10/14/1998 |
|
Director |
Mr. |
Han Sam-Soo |
Male |
Korean |
08/25/2003 |
|
Auditor |
Mr. |
Han Jeong-Seok |
Male |
Korean |
03/26/2001 |
Mr. Ko Ho-Seok is the CEO of HANSUNG ELCOMTEC CO., LTD(134811-0015546) which is listed at KOSDAQ Market.
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2006 (Est.) |
6,150,000,000 |
|
|
|
3,265,000,000 |
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|
|
|
2004 |
1,845,000,000 |
4,369,000,000 |
13,000,000 |
|
2003 |
1,661,000,000 |
3,918,000,000 |
166,000,000 |
|
2002 |
1,412,000,000 |
3,760,000,000 |
-443,000,000 |
Financial Description
Unit:
KRW
|
Authorized
Capital |
5,000,000,000 |
|
Paid-Up
Capital |
2,500,000,000 |
|
Total Issues
Shares |
500,000 |
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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 |
|
Total Assets |
4,369 |
3,918 |
3,760 |
|
Current Assets |
1,410 |
1,530 |
1,352 |
|
-Quick Assets |
618 |
699 |
519 |
|
-Inventories |
792 |
832 |
833 |
|
Fixed Assets |
2,960 |
2,387 |
2,408 |
|
-Investment |
635 |
10 |
18 |
|
-Tangibles |
2,076 |
2,067 |
2,044 |
|
-Intangibles |
249 |
311 |
346 |
|
Total
Liabilities |
3,058 |
2,619 |
2,694 |
|
Current
Liabilities |
1,908 |
1,118 |
923 |
|
Fixed
Liabilities |
1,149 |
1,501 |
1,771 |
|
Capital Stock |
2,500 |
2,500 |
2,500 |
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Capital
Surplus |
- |
- |
- |
|
Profit Surplus |
-1,177 |
-1,190 |
-1,422 |
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Capital
Adjustment |
-11 |
-11 |
-10 |
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Total Equity |
1,312 |
1,299 |
1,066 |
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Liab. &
Shareholder’s Equity |
4,369 |
3,918 |
3,760 |
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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 |
|
Sales |
1,845 |
1,661 |
1,412 |
|
Cost of Sold
Goods |
1,383 |
1,072 |
1,357 |
|
Gross Profit |
462 |
589 |
56 |
|
Selling &
Admin. Expenses |
371 |
317 |
324 |
|
Operating
Income |
90 |
272 |
-268 |
|
Non-Operating
Income |
64 |
50 |
31 |
|
Non-Operating
expenses |
141 |
157 |
139 |
|
Ordinary
Income |
13 |
166 |
-443 |
|
Special Income |
- |
- |
- |
|
Income Before
Taxes |
13 |
166 |
-443 |
|
Income Taxes
Expenses |
- |
- |
- |
|
Net Income |
13 |
166 |
-443 |
Products,
Technologies, Services
Description
|
Main Products
& Services |
Extra High
Voltage Capacitor High Voltage
Capacitor Low Voltage
Capacitor Grounding
Compensation Capacitor Surge
Absorbing Capacitor NCS(Neutral
Current Sensor) Harmonic
Filter System |
|
Detailed
Products Spec. |
-Extra High
Voltage Capacitor Standard KS C 4802 Installation in and Out-door Line
Voltage 22900V Rated
Voltage 6600V or 13200V Rated
Capacity 50-278kvar Frequency 50Hz or 60Hz Painting
Color Munsell No. 5Y7/1 -High Voltage
Capacitor Standard KS C 4802 Installation in and Out-door Line
Voltage 3300V or 6600V Rated
Voltage 3300V or 6600V Rated
Capacity 10-500kvar Frequency 50Hz or 60Hz Painting
Color Munsell No. 5Y 7/1 -Grounding
Compensation Capacitor Installation in and Out-door Line
Voltage 3300V or 6600V Rated
Voltage 3300V or 6600V Rated
Capacity 10kvar Frequency 50Hz or 60Hz Painting
Color Munsell No. 5Y 7/1 -Surge
Absorbing Capacitor Standard JEM 1362 Installation in and Out-door Rated
Voltage 3300V/√3 , 6600V/√3 ,22900V/√3
Frequency 50Hz or 60Hz Resistor Installed Painting
Color Munsell No. 5Y 7/1 |
Trade Partners
|
Suppliers |
NOKIAN
CAPACITORS |
|
Customers |
KEPCO, POSCO,
Hyundai Heavy Industries, LG Siltron, Samsung Heavy Industries, SK Oxy
Chemical, Hyosung Heavy Industries, Kumho Mitshui Chemical |
Related Parties
(Subsidiaries, Joint-
Venture &
Affiliates)
|
Affiliates |
Hansung
ELCOMTEC Co., Ltd. Hansung
Enertec Co., Ltd. TIANJIN
Hansung Electronics Co., Ltd. |
Sales by Region (Activity
& Markets)
Not Available.
Court Action
Not Available.
RATING
EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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%)