MIRA INFORM REPORT

 

 

Report Date :

28.01.2008

 

IDENTIFICATION DETAILS

 

Name :

HKE CO., LTD.

 

 

Registered Office :

15-1, Yangpyeong-dong 3-ga, Yeongdeungpo-gu, Seoul,

 

 

Country :

Korea (South)

 

 

Financials (as on) :

31.12.2003

 

 

Date of Incorporation :

07/21/1994

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Machinery for Publishing & Book Binding

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear


Basic

 

Company Name

HKE CO., LTD.

Registered Address

15-1, Yangpyeong-dong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Building

#1007, World Meridian Biz Center

Zip Code

150-103

Tel

+82-02-2635-1313

Fax

+82-2-2635-1315

E-mail

hkeng@chollian.net

Trading Address

#1007, World Meridian Biz Center, 15-1, Yangpyeong-dong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-2165-8954

Fax

+82-2-2635-1315

Other Address-Factory

558-1, Janghang-dong, Ilsandong-gu, Goyang-si, Gyeonggi-do, Korea

Type

Import/Export

Industry

Manufacture of Machinery for Publishing & Book Binding

  Sub Business

Publication

Established (mm/dd/yyyy)

07/21/1994

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Machinery for Publishing

Sell

Machinery for Book Binding

Sell

Publication

 

 

CEO’s

 

Name

Kim Kyung-Nam

Address

1028, Sinwol-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

01/05/1952

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

250,000,000 KRW

Employees

21

Formation

Co., Ltd by shares

Bank Details

S.C. First Bank of Korea-Yangpyung Dong Corporate Finance Branch

Corporate Registered No.

110111-1059701

Business Registered No.

107-81-46285

Permit & Licenses

Int’l Trade No.: 11818155

Shareholder Position

Kim Kyung-Nam : 40.0%

Seo Myung-Hwan :10.0%

Lee Jung-Hoon : 10.0%

Others : 40.0%

Company History

10/15/1989 Established as HK ENGINEERING CO.

07/21/1994 Incorporated as the present name

02/04/2004 Increased capital to 250,000,000 KRW from 50,000,000 KRW

04/06/2007 Moved to the present address from 100-17, Onsu-dong, Guro-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Kim Kyung-Nam

Male

Korean

07/21/1994

Director

Mr.

Kim Kyung-Soo

Male

Korean

11/18/1995

Director

Mr.

Yoo Duck-Hyun

Male

Korean

03/31/2006

Auditor

Mr.

Cho Seung-Ki

Male

Korean

07/21/1994

 

 

Financials                                                 

 

Unit: KRW

 

Year

Sales

Assets

Net income

2006

 

 

 

2005

 

 

 

2004

 

 

 

2003

3,775,000,000

5,934,000,000

85,000,000

2002

5,682,000,000

2,830,000,000

238,000,000

 

The latest 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

1,000,000,000

Paid-Up Capital

250,000,000

Total Issues Shares

25,000

 


Balance Sheet

 

Unit : Million Korean Won

As of 12/31/2003

As of 12/31/2002

Total Assets

5,934

2,830

Current Assets

2,039

930

-Quick Assets

1,689

720

-Inventories

350

210

Fixed Assets

3,895

1,900

-Investment

66

656

-Tangibles

3,829

1,244

-Intangibles

-

-

Total Liabilities

5,470

2,451

Current Liabilities

3,753

1,783

Fixed Liabilities

1,717

668

Capital Stock

50

50

Capital Surplus

-

-

Profit Surplus

414

329

Capital Adjustment

-

-

Total Equity

464

379

Liab. & Shareholder’s Equity

5,934

2,830

 

 

Income Statement

 

Unit : Million Korean Won

As of 12/31/2003

As of 12/31/2002

Sales

3,775

5,682

Cost of Sold Goods

2,838

4,754

Gross Profit

937

928

Selling & Admin. Expenses

556

623

Operating Income

381

305

Non-Operating Income

20

29

Non-Operating expenses

278

82

Ordinary Income

123

252

Special Income

-

-

Income Before Taxes

123

252

Income Taxes Expenses

38

14

Net Income

85

238

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Machinery for Publishing & Book Binding

 

 

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

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions