MIRA
INFORM REPORT
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Report Date : |
26.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DONGNAM MARINE CRANE CO., LTD |
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Registered Office : |
1172-4, Naesam-ri, Juchon-myeon, Gimhae-si,
Gyeongsangnam-do, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
06.03.2004 |
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Com. Reg. No.: |
615-81-38175 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Sections for Ships |
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 Information
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Company Name |
DMC CO., LTD. (English Company Name: DONGNAM MARINE CRANE
CO., LTD.) |
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Registered Address |
1172-4, Naesam-ri, Juchon-myeon, Gimhae-si, |
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Zip Code |
621-841 |
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Tel |
+82-55-337-8500 |
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Fax |
+82-55-337-0199 |
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dongnam@dongnam-crane.co.kr |
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Website |
www.dongnam-crane.co.kr |
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Trading Address |
1172-4, Naesam-ri, Juchon-myeon, Gimhae-si, |
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Tel |
+82-55-337-8500 |
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Fax |
+82-55-337-0199 |
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Other Address |
1170-2, Naesam-ri, Juchon-myeon, Gimhae-si, |
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Type |
Export |
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Industry |
Manufacture of Sections for Ships |
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Main Business |
Hose Handling Crane, Provision Crane, Telescopic Boom Crane, Knuckle Boom Crane, Deck Crane, Engine Room Over Head Crane, Dredger Crane, Mono Rail Crane, Special Winch, Floating Crane, Small Davit |
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Established (mm/dd/yyyy) |
06/03/2004 |
The Subject owns the
premises at 1170-2, Naesam-ri, Juchon-myeon, Gimhae-si,
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Hose Handling Crane |
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Sell |
Provision Crane |
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Sell |
Telescopic Boom Crane |
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Sell |
Knuckle Boom Crane |
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Sell |
Engine Room Over Head Crane |
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Sell |
Mono Rail Crane |
CEO’s
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Name |
Bae Yeong-Dal |
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Address |
1468-1, Geoje-dong, Yeonje-gu, |
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Date of Birth |
10/10/1963 |
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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 |
2,182,500,000 KRW |
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Employees |
79 |
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Formation |
Co., Ltd by shares Venture Business |
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Bank Details |
Busan Bank |
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Corporate Registered No. |
195511-0072268 |
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Business Registered No. |
615-81-38175 |
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Permit & Licenses |
05/2005 ISO 9001 08/2005 ISO 14001 A Member of |
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Shareholder Position |
Not Available, but it is known that Samsung and LG invested into the subject company in 12/2006. |
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Company History |
08/1988 Established as DONGNAM
CO. 06/03/2004 Incorporated as DMC CO., LTD. (English Company Name: DONGNAM MARINE CRANE CO., LTD.) 11/2006 Awarded US$1Million Export Top Prize 1/12/2006 Increased the authorized share number to 2,000,000 shares from 1,000,000 shares 12/15/2006 Increased capital to 2,182,500,000 KRW from 1,560,000,000 KRW 06/2007 Designated as a Promising Export SME |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Bae Yeong-Dal |
Male |
Korean |
06/03/2004 |
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Director |
Mr. |
Moon Byung-Ho |
Male |
Korean |
03/31/2006 |
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Director |
Mr. |
Kim Won-Tae |
Male |
Korean |
03/31/2006 |
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Director |
Mr. |
Hwang Dong-Hwan |
Male |
Korean |
03/31/2006 |
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Director |
Mr. |
Park Young-Chul |
Male |
Korean |
03/31/2006 |
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Director |
Mr. |
Lee Dong-Ik |
Male |
Korean |
03/30/2007 |
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Auditor |
Mr. |
Ahn Seok-Je |
Male |
Korean |
03/30/2007 |
Financials
Unit:
KRW
|
Year |
Sales |
Assets |
Net income |
|
18,095,681,697 |
12,797,124,439 |
898,144,427 |
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2005 |
14,518,174,044 |
5,591,310,062 |
290,322,508 |
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2004 |
8,544,718,313 |
3,487,384,200 |
42,074,060 |
Financial
Description
Unit: KRW
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Authorized Capital |
10,000,000,000 |
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Paid-Up Capital |
2,182,500,000 |
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Total Issues Shares |
436,500 (Common:312,000/Preferable:124,500) |
Balance Sheet
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Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
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Total Assets |
12,797,124,439 |
5,591,310,062 |
3,487,384,200 |
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Current Assets |
4,799,273,923 |
3,457,131,696 |
2,977,127,439 |
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-Quick Assets |
1,689,660,198 |
860,743,321 |
699,446,857 |
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-Inventories |
3,109,613,725 |
2,596,388,648 |
2,277,680,582 |
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Fixed Assets |
7,997,850,516 |
2,134,178,093 |
510,256,761 |
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-Investment |
798,506,245 |
263,265,585 |
204,703,800 |
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-Tangibles |
7,155,030,435 |
1,484,864,728 |
230,463,961 |
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-Intangibles |
44,313,836 |
386,047,780 |
75,089,000 |
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Total Liabilities |
7,350,983,204 |
3,698,913,494 |
2,695,310,140 |
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Current Liabilities |
6,588,483,204 |
3,211,413,494 |
2,695,310,140 |
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Fixed Liabilities |
762,500,000 |
487,500,000 |
0 |
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Capital Stock |
4,556,621,900 |
1,560,000,000 |
750,000,000 |
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Retained Earnings |
889,519,335 |
332,396,568 |
42,074,060 |
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Total Equity |
5,446,141,235 |
1,892,396,568 |
792,074,060 |
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Liab. & Shareholder’s Equity |
12,797,124,439 |
5,591,310,062 |
3,487,384,200 |
Income Statement
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Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
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Sales |
18,095,681,697 |
14,518,174,044 |
8,544,718,313 |
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Cost of Sold Goods |
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12,764,000,000 |
7,909,000,000 |
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Gross Profit |
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1,754,174,044 |
635,718,313 |
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Selling & Admin. Expenses |
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1,424,205,691 |
540,649,271 |
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Operating Income |
1,274,096,668 |
329,968,353 |
95,069,042 |
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Non-Operating Income |
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129,000,000 |
1,000,000 |
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Non-Operating expenses |
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126,645,305 |
46,731,580 |
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Ordinary Income |
1,041,998,177 |
332,323,048 |
49,337,462 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
1,041,998,177 |
332,323,048 |
49,337,462 |
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Income Taxes Expenses |
143,853,750 |
42,000,540 |
7,263,402 |
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Net Income |
898,144,427 |
290,322,508 |
42,074,060 |
Products, Technologies,
Services
Description
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Main Products & Services |
Hose Handling Crane, Provision Crane, Telescopic Boom Crane, Knuckle Boom Crane, Deck Crane, Engine Room Over Head Crane, Dredger Crane, Mono Rail Crane, Special Winch, Floating Crane, Small Davit |
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Production Capacity(EA) |
Hose Handing Crane:200/Yr. Provision Crane: 300/Yr. Engine Room Crane:300/Yr. Floating Crane:12/Yr. Deck Crane:48/Yr. Deck Machinery:100/Yr. |
Trade Partners
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Customers |
STX HYUNDAI MIPO SHIPBUILDING DSME SAMSUNG HEAVY INDUSTRIES HYUNDAI HEAVY INDUSTRIES HANJIN HEAVY INDUSTRIES HYUNDAI-SAMHO HEAVY INDUSTRIES SLS SHIPBUILDING |
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. |
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%)