MIRA INFORM REPORT
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Report Date : |
20.11.2008 |
IDENTIFICATION DETAILS
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Name : |
KACTC CO LTD. |
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Registered Office : |
415-5, Dangjeong-dong, Gunpo-si, Gyeonggi-do |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
19.01.1999 |
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Com. Reg. No.: |
123-81-47495 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
KACTC CO., LTD. (English Company Name : KOREA AL CASTING
TECHNOLOGY CENTER CO., LTD.) |
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Registered Address |
415-5, Dangjeong-dong, Gunpo-si, |
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Zip Code |
435-833 |
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Tel |
+82-31-455-8493 |
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Fax |
+82-31-459-3715 |
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E-mail |
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Website |
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Trading Address |
415-5, Dangjeong-dong, Gunpo-si, |
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Tel |
+82-31-455-8493 |
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Fax |
+82-31-459-3715 |
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Type |
Export |
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Industry |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
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Main Business |
Die-casting Mold |
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Established (mm/dd/yyyy) |
01/19/1999 |
The Subject owns the
premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Foundry molds(23161606) |
CEO’s
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Name |
Ha Young-Bong |
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Address |
1102, Bisan-dong, Dongan-gu, Anyang-si, |
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Date of Birth |
02/23/1962 |
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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 |
380,000,000 KRW |
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Employees |
15 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank-Anyang Branch |
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Corporate Registered No. |
135111-0048087 |
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Business Registered No. |
123-81-47495 |
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Permit & Licenses |
10/2001 QS 9000 Int’l Trade No.: 174242 |
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Shareholder Position |
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Company History |
02/1992
Establishment of DAIHAN Precision Works. in 06/1995 Manufacturing
of Casting Mold for J-2 W/Motor Gear Housing(Hyundai Avante Model) with Mando
Machinery 07/1995
Manufacturing of Squeeze Casting Mold for ABS Brake Block with Daerim
Precision. 02/1996
Installation of CAD/CAM Facilities for the Precision Casting Molds. 05/1996
Manufacturing of Casting Mold for Y-3 W/Motor Gear Housing(Hyundai Sonata
Model) 09/1996
Manufacturing of Casting Mold(from 2 cavities to 4 cavities) for
Air-conditioningの Compressor Cylinder with Halla Climate. 03/1997
Development of Die-Casting Mold (which was casted in Low pressure casting
machine) for Engin Pistons. 04/1997
Membership of 04/1997
Cooperation with 06/1997
Establishment of Casting Factory in Munmak, Wonju-City, Kangwon-Do. 07/1997
Developement of Casting Mold (which was imported from foreign company) for
Air Compressor Cylinder Crank Plate with KIST. 01/19/1999
Incorporated as DAE HAN PRECISION CO., LTD. 12/29/2005 Increased
capital to 380,000,000 KRW from 300,000,000 KRW 08/18/2008
Changed company name to the present name |
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Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
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President & CEO |
Mr. |
Ha Young-Bong |
Male |
Korean |
01/19/1999 |
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Director |
Mr. |
Sa Shin-Jin |
Male |
Korean |
01/19/1999 |
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Auditor |
Mr. |
Yoon Hee-Beom |
Male |
Korean |
01/19/1999 |
Financials
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Unit: KRW |
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2006 |
2,216,000,000 |
2,671,000,000 |
53,000,000 |
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2005 |
2,163,000,000 |
2,607,000,000 |
50,000,000 |
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2004 |
1,530,000,000 |
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2003 |
1,394,000,000 |
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The latest &
full financial is not available, and the subject does not have any obligation to
releases its financials to the public.
Financial
Description
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Unit: KRW |
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Authorized Capital |
1,200,000,000 |
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Paid-Up Capital |
380,000,000 |
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Total Issues Shares |
76,000 |
Balance
Sheet
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Unit : Million Korean Won |
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As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
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2,671 |
2,607 |
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Current Assets |
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694 |
837 |
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-Quick Assets |
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376 |
511 |
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-Inventories |
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318 |
326 |
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Fixed Assets |
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1,977 |
1,770 |
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-Investment |
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249 |
221 |
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-Tangibles |
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1,728 |
1,549 |
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-Intangibles |
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- |
- |
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Total Liabilities |
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1,984 |
1,973 |
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Current Liabilities |
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919 |
1,004 |
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Fixed Liabilities |
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1,065 |
969 |
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Capital Stock |
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380 |
380 |
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Capital Surplus |
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- |
- |
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Profit Surplus |
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306 |
254 |
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Capital Adjustment |
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- |
- |
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Total Equity |
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686 |
634 |
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Liab. &
Shareholder’s Equity |
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2,671 |
2,607 |
Income
Statement
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Unit : Million Korean Won |
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As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
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2,216 |
2,163 |
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Cost of Sold Goods |
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1,870 |
1,792 |
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Gross Profit |
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346 |
371 |
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Selling & Admin. Expenses |
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225 |
277 |
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Operating Income |
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122 |
94 |
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Non-Operating Income |
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43 |
43 |
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Non-Operating expenses |
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105 |
79 |
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Ordinary Income |
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60 |
58 |
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Special Income |
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Income Before Taxes |
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60 |
58 |
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Income Taxes Expenses |
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7 |
8 |
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Net Income |
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53 |
50 |
Products, Technologies, Services
Description
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Main Products & Services |
Design & Manufacturing of Precision
Casting Molds for Automobile Steering System Air-conditioning Compressors Transmission Case/Covers - Squeeze Casting
Molds Parts of Casting Molds For Automobile
Industry Shaft And The Others |
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Production Capacity |
Die-casting Molds: 5 Sets/Month Casting Molds: 10 Sets/Month Parts of Molds: 100∼150
Pcs/Month |
Trade
Partners
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Customers |
MANDO CORPORATION(131311-0030042) HALLA CLIMATE CONTROL CORP(134711-0002206) DONG IL MACHINERY CO., LTD.(134111-0037833) KEYANG ELECTRIC MACHINERY
CO.,LTD(110111-0212889) |
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Competitors |
YUNSEONG PRECISION CO. 40-8, UNGNAM-DONG, CHANGWON-SI, TEL:+82-55-286-6773~5 FAX:+82-55-286-6776 OH SUNG TECH CO., LTD. 3MA-702, SIHWA INDUSTRIAL COMPLEX, 2097-2,
JEONGWANG 1-DONG, SIHEUNG-SI, TEL:+82-31-508-2377 FAX:+82-31-508-2380 HYESUNG PRECISION CO. 1768-10, SONGJEONG-DONG, GANGSEO-GU, TEL:+82-51-831-4975 FAX:+82-51-831-4985 |
Sales by
Region (Activity &
Markets)
The Subject exports
to
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.50.52 |
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1 |
Rs.75.54 |
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Euro |
1 |
Rs.63.12 |
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%)