MIRA INFORM REPORT

 

 

Report Date :

28.05.2008

 

IDENTIFICATION DETAILS

 

Name :

GINWON MEDICAL CO.,LTD

 

 

Registered Office :

Rm. 1009, Daeryung Techno Tower 6-cha, 493-6, Gasan-dong, Geumcheon-gu, Seoul

 

 

Country :

Korea

 

 

Financials (as on) :

31.12.2004

 

 

Date of Incorporation :

03.12.2001

 

 

Com. Reg. No.:

130-81-77584

 

 

Legal Form :

Company Limited  by Shares

 

 

Line of Business :

Manufacture of Other Medical and Surgical Equipment and Orthopedic Appliances

 

 

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

GINWON MEDICAL CO.,LTD

Registered Address

493-6, Gasan-dong, Geumcheon-gu, Seoul, Korea

Building

Rm. 1009, Daeryung Techno Tower 6-cha

Zip Code

153-774

Tel

+82-2-2108-5090~2

Fax

+82-2-2108-5093

E-mail

ginwoon@empal.com

Website

www.ginwon.co.kr

Trading Address

Rm. 1009, Daeryung Techno Tower 6-cha, 493-6, Gasan-dong, Geumcheon-gu, Seoul, Korea

Tel

+82-2-2108-5090~2

Fax

+82-2-2108-5093

Other Address-Branch

7-21, Dorim 1-dong, Yeongdeungpo-gu, Seoul, Korea

Other Address-Branch

215-14, Singil-dong, Yeongdeungpo-gu, Seoul, Korea

Type

Export/Import

Industry

Manufacture of Other Medical and Surgical Equipment and Orthopedic Appliances n.e.c.

  Main Business

Bone Dexa Densitometer, Ender Mologie, Doppler, Electronic Tourniquet

  Sub Business

Wholesale of Medical, Precision and Scientific Instruments and Equipment

Established (mm/dd/yyyy)

03/12/2001

The Subject owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Diagnostic assessment and exam products for general use(42181500)

Sell

Tourniquets(41104104)

Sell

Electrotherapy equipment(42141800)

Sell

Cardiac pacemakers and related products(42203500)

Sell

Medical ultrasound bone densitometers(42201704)

Sell

Nebulizers or accessories(42271802)

 

 

CEO’s

 

Name

Kim Byung-Wun

Address

310, Sinjeong-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

03/01/1967

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

150,000,000 KRW

Employees

10

Formation

Co., Ltd by shares

Bank Details

Industrial Bank of Korea-Daerim Dong Branch

Hana Bank-Shingil Dong Branch

Corporate Registered No.

134911-0018885

Business Registered No.

130-81-77584

Permit & Licenses

Int’l Trade No.: 11445579

Shareholder Position

N/A

Company History

03/12/2001 Incorporated as the present name

05/27/2003 Moved to the present HQ address from 201, Haan 3-dong, Gwangmyeong-si, Gyeonggi-do, Korea

12/13/2006 Increased capital to 150,000,000 KRW from 50,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative Director

Mr.

Kim Byung-Wun

Male

Korean

03/12/2001

Auditor

M/S.

Kang Myung-Sook

Female

Korean

12/27/2007

 

 

Financials

Unit: KRW

Year

Sales

Assets

Net income

2006

5,041,000,000

 

 

2005

1,950,000,000

 

 

2004

1,492,000,000

972,000,000

35,000,000

2003

1,368,000,000

558,000,000

32,000,000

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

200,000,000

Paid-Up Capital

150,000,000

Total Issues Shares

30,000

 

 

Balance Sheet

 

Unit : Million Korean Won

As of 12/31/2004

As of 12/31/2003

Total Assets

972

558

Current Assets

573

159

-Quick Assets

182

94

-Inventories

391

65

Fixed Assets

399

399

-Investment

398

398

-Tangibles

1

1

-Intangibles

-

-

Total Liabilities

810

431

Current Liabilities

810

431

Fixed Liabilities

-

-

Capital Stock

50

50

Capital Surplus

-

-

Profit Surplus

112

77

Capital Adjustment

-

-

Total Equity

162

127

Liab. & Shareholder’s Equity

972

558

 

 

Income Statement

 

Unit : Million Korean Won

As of 12/31/2004

As of 12/31/2003

Sales

1,492

1,368

Cost of Sold Goods

1,068

1,109

Gross Profit

424

259

Selling & Admin. Expenses

354

191

Operating Income

70

68

Non-Operating Income

11

2

Non-Operating expenses

45

31

Ordinary Income

36

39

Special Income

-

-

Income Before Taxes

36

39

Income Taxes Expenses

1

7

Net Income

35

32

 

 

Products, Technologies, Services Description

 

Main Products & Services

TOURNIQUET

OSTEODENSITOMETER

TCD SYSTEM

FIBER OPTICAL HEAD-LIGHT

X-RAY FILM SCREEN

FAT-THERAPY DEVICE

 

 

Trade Partners

 

Suppliers

MEDI LINK-FRANCE

ELCAT-GERMANY

GULF MEDICAL FIBEROPTICS-USA

CAWO-GERMANY

MEDICAL SYSTEM-FRANCE

SCANDMED-SWEDEN

CARDIOSCIENCE-USA

 

 

Sales by Region (Activity & Markets)

 

The Subject imports the medical equipments & instruments from USA, Japan, France, Sweden and Germany.

 

Court Action

 

Not Available.

 

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%)

 

 

 

 

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