MIRA
INFORM REPORT
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Report Date : |
29.03.2008 |
IDENTIFICATION
DETAILS
|
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 : |
Korea (South) |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
04.01.1993 |
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Com. Reg. No.: |
130-81-42445 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Automatic Capsule Filling Machine, Rotary Tablet Press, Automatic
Coating Machine, High Speed Mixer |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company Name |
SEJONG PHARMATECH CO., LTD. |
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Registered Address |
419-4, Cheongcheon 2-dong, Bupyeong-gu,
Incheon, Korea |
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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;sj@sjpmt.com |
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Website |
www.sejong-trading.com |
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Trading Address |
419-4, Cheongcheon 2-dong, Bupyeong-gu,
Incheon, Korea |
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Tel |
+82-32-508-1280~7 |
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Fax |
+82-32-508-1288~9 |
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Type |
Export |
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Industry |
Manufacture of Containers Cleaning, Packing and Wrapping Machinery and
Charger |
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Main Business |
Automatic Capsule Filling Machine, Rotary Tablet Press, Automatic
Coating Machine, High Speed Mixer |
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Sub Business |
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Established (mm/dd/yyyy) |
04/01/1993 |
The Subject owns
the premises of registered HQ address/Factory(6,817㎡).
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Coating machines(23151502) |
|
Sell |
Battery chargers(26111704) |
|
Sell |
Batch mixers(23191000) |
|
Sell |
Form or fill or seal machinery(23152902) |
|
Sell |
Iron plate(30102203) |
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Sell |
Hydraulic presses(27121500) |
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Buy |
Nuts(31161700) |
|
Buy |
Aluminum(11101705) |
|
Buy |
Iron plate(30102203) |
|
Buy |
Stainless steel plate(30102205) |
|
Buy |
Bolts(31161600) |
|
Buy |
Non ferrous alloy(11101711) |
CEO’s
|
Name |
Lee Won-Woo |
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Address |
1037, Jung-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do 420-020 Korea |
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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 |
Profiles
|
Capital |
400,000,000 KRW |
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Employees |
86 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Dodang Dong Branch Shinhan Bank |
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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 Int’l Trade No.: 11103831 |
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Shareholder Position |
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Company History
1989 1st. April
Established as SEJONG machinery industries Co.
1993 10th. March
Start to export forward the U.S.A. area. (Automatic Capsule Filling Machine)
1993 1st. April
Incorporated as SEJONG MACHINERY CO., LTD.
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 Africa. (Automatic Capsule Filling
Machine)
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 23th, February
Moved to 409-3, Cheongcheon 2-dong, Bupyeong-gu, Incheon, Korea from 159-11, Dodang-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea
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 Inchon)
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 Korea packing machine award in the section of
Business administration (from the president of Export-supporting Center)
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 31st,
August Increased capital to 400,000,000 KRW from 200,000,000 KRW
2005 13th, October
won the prize of "The 6th Korean packing machinery award" in the
export section
2005 23rd, October
Moved to the present HQ address from 409-3, Cheongcheon 2-dong, Bupyeong-gu, Incheon,
Korea
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
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Lee Won-Woo |
Male |
Korean |
03/08/1993 |
|
Director |
Mr. |
Yoi Dae-Sik |
Male |
Korean |
12/20/2006 |
|
Auditor |
Mr. |
Ko Han-Soon |
Female |
Korean |
03/27/2007 |
Financials Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
20,589,042,619 |
16,121,439,924 |
420,901,489 |
|
|
2005 |
18,955,210,622 |
14,734,763,201 |
2,219,673,878 |
|
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 |
Financial
Description Unit: KRW
|
Authorized
Capital |
4,000,000,000 |
|
Paid-Up
Capital |
400,000,000 |
|
Total Issues Shares |
40,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Total Assets |
16,121,439,924 |
14,734,763,201 |
6,703,000,000 |
|
Current Assets |
7,697,059,260 |
6,584,328,985 |
4,069,000,000 |
|
-Quick Assets |
5,027,656,830 |
6,001,492,018 |
3,412,000,000 |
|
-Inventories |
2,669,402,430 |
582,836,967 |
656,000,000 |
|
Fixed Assets |
8,424,380,664 |
8,150,434,216 |
2,634,000,000 |
|
-Investment |
81,583,480 |
48,742,000 |
652,000,000 |
|
-Tangibles |
8,331,429,130 |
8,095,909,387 |
1,976,000,000 |
|
-Intangibles |
11,368,054 |
5,782,829 |
6,000,000 |
|
Total Liabilities |
10,966,916,865 |
9,501,141,631 |
3,449,000,000 |
|
Current Liabilities |
10,680,128,295 |
9,419,249,992 |
3,373,000,000 |
|
Fixed Liabilities |
286,788,570 |
81,891,639 |
77,000,000 |
|
Capital Stock |
400,000,000 |
400,000,000 |
200,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
4,754,523,059 |
4,833,621,570 |
3,053,000,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
5,154,523,059 |
5,233,621,570 |
3,253,000,000 |
|
Liab. & Shareholder’s Equity |
16,121,439,924 |
14,734,763,201 |
6,703,000,000 |
|
Current
Liabilities |
10,680,128,295 |
9,419,249,992 |
|
|
Trade Payables |
4,168,232,349 |
2,138,111,343 |
|
|
Short-Term Borrowings |
4,456,125,207 |
5,276,000,000 |
|
|
Account Payables |
449,389,936 |
282,386,199 |
|
|
Advance Receipts |
1,495,030,658 |
1,333,057,791 |
|
|
Withholdings |
98,491,475 |
97,820,055 |
|
|
Accrued Income Tax |
12,858,670 |
291,874,604 |
|
|
Fixed
Liabilities |
286,788,570 |
81,891,639 |
|
|
Provision for Severance &
Retirement |
286,788,570 |
81,891,639 |
|
Income
Statement
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Sales |
20,589,042,619 |
18,955,210,622 |
15,331,000,000 |
|
Cost of Sold Goods |
14,098,676,620 |
12,559,651,999 |
11,631,000,000 |
|
Gross Profit |
6,490,365,999 |
6,395,558,623 |
3,700,000,000 |
|
Selling & Admin. Expenses |
5,733,039,056 |
4,382,379,811 |
3,518,000,000 |
|
Operating Income |
757,326,943 |
2,013,178,812 |
182,000,000 |
|
Non-Operating Income |
457,034,194 |
970,639,336 |
358,000,000 |
|
Non-Operating expenses |
652,014,268 |
461,644,270 |
279,000,000 |
|
Ordinary Income |
562,346,869 |
2,522,173,878 |
262,000,000 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
562,346,869 |
2,522,173,878 |
262,000,000 |
|
Income Taxes Expenses |
141,445,380 |
302,500,000 |
65,000,000 |
|
Net Income |
420,901,489 |
2,219,673,878 |
197,000,000 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Cash Flows from Operating |
979,971,470 |
1,965,889,131 |
|
|
-Net Income |
420,901,489 |
2,219,673,878 |
|
|
-Exp. without
Cash Outflow |
1,044,625,728 |
621,670,502 |
|
|
-Revenue
without Cash Inflows |
(-)6,723,115 |
(-)640,355,257 |
|
|
-Changes in
Asset/ & Liability |
(-)478,832,632 |
(-)235,099,992 |
|
|
Cash Flows
from Investing |
(-)95,861,664 |
(-)6,270,538,543 |
|
|
-Cash Inflow
from Investing |
1,816,667,385 |
5,297,498,907 |
|
|
-Cash
Outflows for Investing |
(-)1,912,529,049 |
(-)11,568,037,450 |
|
|
Cash Flows
from Financing |
(-)1,319,874,793 |
4,759,219,670 |
|
|
-Cash
Inflows from Financing |
6,956,125,207 |
5,283,219,670 |
|
|
-Cash
Outflows from Financing |
(-)8,276,000,000 |
(-)524,000,000 |
|
|
Increase/Decrease
in Cash |
(-)435,764,987 |
454,570,258 |
|
|
Cash at the Beginning of Year |
475,976,546 |
21,406,288 |
|
|
Cash at the End of Year |
40,211,559 |
475,976,546 |
|
Products, Technologies, Services
Description
|
Main
Products & Services |
Capsule Filling Machine Automatic Coating System Rotary Tablet Press |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
SEJONG ENGINEERING CO., LTD. |
|
Cooperative Enterprise-Insured Company |
DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales by
Region (Activity &
Markets)
The subject exports
to Asia, Europe, Africa and North America.
Court
Action
No.
News Clipping
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 |
|
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. |
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 |
|
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%)