MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATL
INTERNATIONAL CO., LTD. |
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Registered Office : |
Rm. 902, Legal Town Bldg., 448-2, Sang-dong, Wonmi-gu, Bucheon-si, Gyeonggi-do 420-770 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
02.06.2001 |
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Com. Reg. No.: |
130-81-79132 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Other Parts and Accessories for Motor Vehicles |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
ATL INTERNATIONAL
CO., LTD. (Korean Company
Name : “에이티엘인터내셔날”) |
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Registered Address |
448-2, Sang-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Building |
Rm. 902, Legal Town Bldg. |
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Zip Code |
420-770 |
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Tel |
+82-32-326-7237 |
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Fax |
+82-32-326-7264 |
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E-mail |
atl@atlinter.com |
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Website |
www.atlinter.com |
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Trading Address |
Rm. 902, Legal Town Bldg., 448-2,
Sang-dong, Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea |
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Tel |
+82-32-326-7237 |
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Fax |
+82-32-326-7264 |
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Type |
Export |
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Industry |
Manufacture of Other Parts and Accessories for Motor Vehicles n. e. c. |
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Main Business |
Fuel Pump, Fuel Strainer, Suspension Bushes, EMS Parts, Fuel
Injectors, Oxygen Sensors, Solar Cell, Plastic Injection Parts |
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Sub Business |
Wholesales of Agricultural Products |
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Established (mm/dd/yyyy) |
06/02/2001 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Traps and strainers(40142500) - Fuel strainer that fits into fuel pump
for automotive parts |
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Sell |
Engine components and accessories(26101700) |
CEO’s
|
Name |
Kwon Min-Chang(Michael) |
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Address |
3-13, Songdo-dong, Yeonsu-gu, Incheon, Korea |
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Date of Birth |
09/07/1966 |
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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 |
200,000,000 KRW |
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Employees |
4 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Seorin Branch |
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Corporate Registered No. |
121111-0086348 |
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Business Registered No. |
130-81-79132 |
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Permit & Licenses |
Int’l Trade No.: 11917607 |
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Shareholder Position |
N/A |
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Company History |
06/02/2001 Incorporated as the present name
at 92, Da-dong, Jung-gu, Seoul, Korea 07/01/2005 Moved to Rm. 506, Legal
Town Bldg., 448-2, Sang-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea 06/28/2007 Increased capital to 200,000,000 KRW from 81,000,000 KRW 08/13/2007 Moved to the present address |
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The Subject
provides the electric fuel pumps & assemblies and fuel strainers (Pump
strainers) to OEM and OES market for both automotive and non-automotive (Small
engine) business.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kwon Min-Chang(Michael) |
Male |
Korean |
07/28/2004 |
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Director |
Mr. |
Lee Woi-Hyung |
Male |
Korean |
06/02/2004 |
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Auditor |
Mr. |
Yeom Kwang-Eui |
Male |
Korean |
06/02/2001 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
1,416,000,000 |
986,000,000 |
34,000,000 |
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|
2006 |
1,178,000,000 |
707,000,000 |
21,000,000 |
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2005 |
1,810,000,000 |
580,000,000 |
48,000,000 |
Financial Description
Unit: KRW
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Authorized
Capital |
200,000,000 |
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Paid-Up
Capital |
200,000,000 |
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Total Issues Shares |
40,000 |
Balance
Sheet
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Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
986 |
707 |
580 |
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Current Assets |
944 |
599 |
475 |
|
-Quick Assets |
452 |
271 |
370 |
|
-Inventories |
492 |
328 |
106 |
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Fixed Assets |
42 |
107 |
105 |
|
-Investment |
- |
- |
70 |
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-Tangibles |
22 |
37 |
34 |
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-Intangibles |
20 |
70 |
70 |
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Total Liabilities |
589 |
463 |
357 |
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Current Liabilities |
589 |
463 |
357 |
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Fixed Liabilities |
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Capital Stock |
200 |
81 |
81 |
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Capital Surplus |
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Profit Surplus |
197 |
163 |
142 |
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Capital Adjustment |
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Total Equity |
397 |
244 |
223 |
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Liab. &
Shareholder’s Equity |
986 |
707 |
580 |
Income
Statement
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Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
1,416 |
1,178 |
1,810 |
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Cost of Sold Goods |
1,115 |
834 |
1,371 |
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Gross Profit |
301 |
344 |
439 |
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Selling & Admin. Expenses |
237 |
293 |
369 |
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Operating Income |
64 |
52 |
71 |
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Non-Operating Income |
15 |
6 |
20 |
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Non-Operating expenses |
40 |
32 |
34 |
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Ordinary Income |
39 |
25 |
56 |
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Special Income |
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Income Before Taxes |
39 |
25 |
56 |
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Income Taxes Expenses |
5 |
4 |
7 |
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Net Income |
34 |
21 |
48 |
Products, Technologies, Services
Description
|
Main
Products & Services |
AUTOMOTIVE PARTS Electric Fuel Pump -The electric fuel pump delivers fuel to
the engine and it supplies the rail with more than enough fuel to satisfy
engine requirements. Fuel Strainers -The fuel strainer is located inside the
tank and provides the first fuel line of defense against fuel system
contamination. SMALL ENGINE Emission regulations Small Engine Products-In tank fuel pumps
for two wheelers and small engine system. EFI (Electric Fuel Injection) system for small engine and motor cycles Tank top module type pump Tank bottom module type pump EMS parts for motorcycle |
Trade
Partners
|
Customers |
ROBERT BOSCH KOREA MECHANICS &
ELECTRONICS CO., LTD.(134511-0014007) ROBERT BOSCH (SEA) PTE LTD. |
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Competitors |
DAE KYUNG PRECISION CO., LTD. 3RA-326, SIHWA INDUSTRIAL COMPLEX, 1285-11,
JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-499-6541 FAX:+82-31-499-6546 KAFUS LTD. 152, BUDONG-RI, SEO-MYEON, YEONGI-GUN,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-860-6000 FAX:+82-41-863-1006 HAN KOOK PRECISION IND. CO., LTD. 52, UNGNAM-DONG, CHANGWON-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-289-4860 FAX:+82-55-289-4866 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
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Affiliates |
JIEUM TECH CO., LTD. 39B-9L., NAMDONG INDUSTRIAL COMPLEX, 627-13,
NAMCHON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-814-3882 FAX:+82-32-814-3883 WWW.JIEUMTECH.COM |
Sales by
Region (Activity &
Markets)
The Subject exports
to Australia, China, Middle East, USA, Europe and South America.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)