MIRA
INFORM REPORT
|
Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BORYUNG TECHNOLOGY CO. |
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Registered Office : |
196,
Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
01.07.1993 |
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Com. Reg. No.: |
130-32-71597 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture
of Containers Cleaning, Packing and Wrapping Machinery and Charger |
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 : |
No Complaints |
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Litigation : |
Clear |
Basic
|
Company Name |
BORYUNG
TECHNOLOGY CO. (Korean Company
Name : ”보령테크노로지”) |
|
Registered Address |
196, Anyang 7-dong, Manan-gu, Anyang-si,
Gyeonggi-do, Korea |
|
Building |
B229,
Yucheon Factopia |
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Zip Code |
430-727 |
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Tel |
+82-31-467-3388 |
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Fax |
+82-31-467-3389 |
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E-mail |
mhshin@brtkorea.com;mhshin@hotmail.com;brt@brtkorea.com |
|
Website |
www.brtkorea.com |
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Trading
Address |
B229, Yucheon Factopia, 196, Anyang 7-dong,
Manan-gu, Anyang-si, Gyeonggi-do, Korea |
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Tel |
+82-31-467-3388 |
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Fax |
+82-31-467-3389 |
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Type |
Export |
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Industry |
Manufacture
of Containers Cleaning, Packing and Wrapping Machinery and Charger |
|
Main
Business |
Condom
Dipping Machine, Condom Testing Machine, Condom Vending Machine, Latex Glove
Dipping Machine |
|
Sub
Business |
Manufacture
of Material Testing, Measuring and Checking Instruments |
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Established (mm/dd/yyyy) |
07/01/1993 |
Mr. Shin
Moo-Ho owns the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Measuring and observing and testing
instruments(41110000) |
|
Sell |
Printing machinery and equipment(45101500) |
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Sell |
Packaging machinery(23152900) |
|
Buy |
Temperature and heat measuring
instruments(41112200) |
|
Buy |
Inverters(32121705) |
|
Buy |
Gears(31171700) |
|
Buy |
Ball bearings(31171504) |
|
Buy |
Power supply transformers(39121002) |
|
Buy |
Air pumps(40151501) |
|
Buy |
End mills(27112803) |
|
Buy |
Grinders(27111905) |
CEO’s
|
Name |
Shin
Moo-Ho |
|
Title |
Owner |
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Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
Not Applicable to the
Sole Proprietorship |
|
Employees |
4 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Kookmin Bank |
|
Corporate
Registered No. |
Not Applicable to
the Sole Proprietorship |
|
Business Registered
No. |
130-32-71597 |
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Permit &
Licenses |
01/26/2004 ISO 9001 Int’l Trade No.:
11098537 |
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Shareholder
Position |
The Owner has 100%
shares. |
|
Company History |
07/01/1993 Established as the present name 07/04/1995 Trade office (Boryung Technology
(M) Sdn.Bhd.) open in Malaysia 10/30/1997 Registered trademark for “CAREX”
and “MISTER” 06/12/1998 Patent for Condom auto-loader 08/11/1998 Patent for Feeder for condom
sealing machine 05/04/1999 Factory expansion in Anyang
City, Korea 07/15/2001 Development of Pneumatic hot
printer 10/31/2001 Development of Pneumatic
metering dispenser 12/18/2001 Approval of CE Mark(98/37/EC) 09/22/2003 Registered trademark for
“SingSing” 10/12/2003 Patent for Circulation mop 01/26/2004 Approval of ISO 9001(2000) 07/12/2004 Patent for Extractor of mop 03/30/2005 Selected as “Export Acceleration
Enterprise” by Korean government 06/28/2005 Factory Expansion in Anyang
City, Korea 07/08/2005 Contract for supply of Finger
Cot manufacturing plant to ThaiFil Cleanroom Technology, Bangkok,
Thailand. 09/13/2005 Approval of “CLEAN FACTORY” for
safety & cleanliness by Korean government |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Owner |
Mr. |
Shin Moo-Ho |
Male |
Korean |
07/01/1993 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2004 |
293,000,000 |
86,000,000 |
11,000,000 |
|
2003 |
340,000,000 |
64,000,000 |
14,000,000 |
|
2002 |
451,000,000 |
66,000,000 |
21,000,000 |
The latest & full
financial is not available, and the subject does not have any obligation to
releases its financials to the public.
Financial Description
Unit:
KRW
|
Authorized Capital |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital |
Not Applicable to the Sole Proprietorship |
|
Total Issues Shares |
Not Applicable to the Sole Proprietorship |
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 |
86 |
64 |
66 |
|
Current Assets |
22 |
6 |
13 |
|
-Quick Assets |
7 |
3 |
9 |
|
-Inventories |
15 |
3 |
3 |
|
Fixed Assets |
64 |
58 |
53 |
|
-Investment |
14 |
14 |
7 |
|
-Tangibles |
50 |
44 |
46 |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
7 |
2 |
18 |
|
Current Liabilities |
7 |
2 |
18 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
79 |
62 |
48 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
79 |
62 |
48 |
|
Liab. &
Shareholder’s Equity |
86 |
64 |
66 |
Income
Statement
|
|||
|
Unit : Million
Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
|
Sales |
293 |
340 |
451 |
|
Cost of Sold Goods |
219 |
236 |
313 |
|
Gross Profit |
74 |
104 |
138 |
|
Selling
& Admin. Expenses |
62 |
88 |
117 |
|
Operating Income |
12 |
16 |
21 |
|
Non-Operating
Income |
- |
- |
- |
|
Non-Operating
expenses |
- |
- |
- |
|
Ordinary Income |
12 |
16 |
21 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
12 |
16 |
21 |
|
Income Taxes
Expenses |
1 |
2 |
- |
|
Net Income |
11 |
14 |
21 |
Products, Technologies, Services
Description
|
Main Products & Services |
Machineries -
Condom Dipping Machine - Condom Testing
Machine - Condom Sealing
Machine - Finger Cot
Dipping Machine - Condom &
Finger Cot Glass Moulds / Steel Mould - Other Automatic
Sealing M/C - Affiliated M/C:
Corrugators M/C Chemicals -
Releasing Agent - Anti-Foaming
Agent Trading - Condoms,
Finger Cots & Gloves - Other Related
Products Consultancy -
Know-how for Latex Dipping Products - Turn key Latex
Dipping Plant Brand Name : SingSing |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
BORYUNG
TECHNOLOGY(M) SDN.BHD. MALAYSIA TEL:
(60-16)-710-0078 / FAX: (60-7)-224-3153 EMAIL:
BORYUNG@TM.NET.MY / MHSHIN@HOTMAIL.COM |
|
Cooperative
Enterprise |
AGENT: MAGEBA TEXTIL.
VERTRIEBS GMBH GERMANY TEL: (49-65)-315070
/ FAX: (49-65)-3150733 MAGEBA (HK) LTD.
HONG KONG TEL: (852)- 2367-21 |
Sales by
Region (Activity &
Markets)
The Subject exports to Malaysia, Germany and Hong
Kong.
Court
Action
Not Available.
News
Clipping
---
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.67 |
|
UK Pound |
1 |
Rs.80.92 |
|
Euro |
1 |
Rs.63.71 |
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 |
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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%)