MIRA
INFORM REPORT
|
Report Date : |
08.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VISION TECHNOLOGIES CO., LTD. |
|
|
|
|
Registered Office : |
Baekseok Nong Gong Danji 330-220 555-42, Baekseok-dong, Cheonan-si, Chungcheongnam-do |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
03.06.2001 |
|
|
|
|
Com. Reg. No.: |
312-81-47168 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
Manufacture of Electric Motors and Generators |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Basic
|
Company
Name |
VISION
TECHNOLOGIES CO., LTD. |
|
Registered Address/Factory |
555-42, Baekseok-dong, Cheonan-si, Chungcheongnam-do,
Korea |
|
Building |
Baekseok Nong Gong Danji |
|
Zip Code |
330-220 |
|
Tel |
+82-41-551-3361 |
|
Fax |
+82-41-551-3362 |
|
E-mail |
vision@vision.co.kr;webmaster@vision.co.kr;tahee007@hanmail.net;
choijs1029@naver.com |
|
Website |
www.vt21.com |
|
Trading Address |
Baekseok Nong Gong Danji, 555-42,
Baekseok-dong, Cheonan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-551-3364 |
|
Fax |
+82-41-551-3362 |
|
Type |
Import/Export |
|
Industry |
Manufacture of Electric Motors and Generators |
|
Main Business |
Ring Core, Permalloy Core, Silicone Core, Shield Case, Oriented
Silicon Steel Core |
|
Sub Business |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
|
Established (mm/dd/yyyy) |
03/06/2001 |
The Subject owns
the premises of registered HQ address/Factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Ferrites(32121703) |
|
Sell |
Enclosure plates or covers(39121302) |
CEO’s
|
Name |
Hwang Yeong-Il |
|
Address |
541, Sinbu-dong, Cheonan-si, Chungcheongnam-do,
Korea |
|
Date of Birth |
01/05/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Mr. Hwang Yeong-Il has
been graduated from Seoul National University.
Profiles
|
Capital |
300,000,000KRW |
||||||||||||||||||||||||
|
Employees |
14 |
||||||||||||||||||||||||
|
Formation |
Co., Ltd by shares Venture Business |
||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Cheonan Branch |
||||||||||||||||||||||||
|
Corporate Registered No. |
161511-0041726 |
||||||||||||||||||||||||
|
Business Registered No. |
312-81-47168 |
||||||||||||||||||||||||
|
Permit & Licenses |
07/2003 QS 9000 04/2006 Acquired ISO 14001 Int’l Trade No.: 16100806 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
03/06/2001 Incorporated as
Vision Tech Co., Ltd. 03/07/2001 Changed company name to the
present name 07/2005 Designated as the promising SMEs 11/2006 Acquired Wuxi Kotuk Electric Co.,
Ltd.(China) 08/20/2008 Increased capital to
300,000,000 KRW from 200,000,000 KRW |
||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Hwang Yeong-Il |
Male |
Korean |
03/06/2001 |
|
Director |
Mr. |
Kim Cheol-Hee |
Male |
Korean |
05/10/2007 |
|
Director |
Mr. |
Yu Yang-Soo |
Male |
Korean |
05/10/2007 |
|
Auditor |
Mr. |
Choi Jong-Sik |
Male |
Korean |
05/10/2007 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
5,393,000,000 |
3,338,000,000 |
188,000,000 |
|
|
2006 |
3,908,868,000 |
2,618,305,000 |
113,205,000 |
|
2005 |
3,866,000,000 |
2,184,000,000 |
166,000,000 |
Financial Description
Unit: KRW
|
Authorized
Capital |
800,000,000 |
|
Paid-Up
Capital |
300,000,000 |
|
Total Issues Shares |
30,000 |
Balance
Sheet
|
Unit : Thousand Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
3,338,000 |
2,618,305 |
2,184,000 |
|
Current Assets |
2,262,000 |
1,726,322 |
1,390,000 |
|
-Quick Assets |
|
|
|
|
-Inventories |
|
|
|
|
Fixed Assets |
1,076,000 |
891,983 |
794,000 |
|
-Investment |
|
|
|
|
-Tangibles |
|
|
|
|
-Intangibles |
|
|
|
|
Total Liabilities |
2,226,000 |
1,773,830 |
1,453,000 |
|
Current Liabilities |
2,134,000 |
1,482,173 |
1,150,000 |
|
Fixed Liabilities |
92,000 |
291,657 |
303,000 |
|
Capital Stock |
300,000 |
200,000 |
200,000 |
|
Capital Surplus |
30,000 |
|
|
|
Profit Surplus |
782,000 |
644,475 |
531,000 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
1,112,000 |
844,475 |
731,000 |
|
Liab. & Shareholder’s Equity |
3,338,000 |
2,618,305 |
2,184,000 |
Income
Statement
|
Unit : Thousand Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
5,393,000 |
3,908,868 |
3,866,000 |
|
Cost of Sold Goods |
4,960,000 |
3,404,062 |
3,242,000 |
|
Gross Profit |
433,000 |
504,806 |
624,000 |
|
Selling & Admin. Expenses |
305,000 |
359,028 |
456,000 |
|
Operating Income |
128,000 |
145,778 |
168,000 |
|
Non-Operating Income |
92,000 |
291,657 |
303,000 |
|
Non-Operating expenses |
117,000 |
93,712 |
81,000 |
|
Ordinary Income |
223,000 |
131,781 |
197,000 |
|
Special Income |
|
|
|
|
Income Before Taxes |
223,000 |
131,781 |
197,000 |
|
Income Taxes Expenses |
35,000 |
18,576 |
31,000 |
|
Net Income |
188,000 |
113,205 |
166,000 |
Products, Technologies, Services
Description
|
Main
Products & Services |
Lamination -Nickel -Silicone -Ring Core -Tape Wound Core -Shield Case -Amorphous Tool & Die -Motor Interlocking Die -E&I Core Die -Components |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
|
|
Overseas Office |
CHINA PLANT WUXI VISION MOLD CO., LTD. MEINAN ROAD MEICUN TOWN, WUXI, JIANGSU,
CHINA TEL: +86-510-88159013 FAX: +86-510-88159013 KOTUK ELECTRIC CO., LTD.(CHINA) |
Sales by
Region (Activity &
Markets)
The Subject exports to China, Germany, India and Japan.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.13 |
|
UK Pound |
1 |
Rs.85.02 |
|
Euro |
1 |
Rs.67.77 |
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%)