MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
HANBIT ITC CO.,
LTD. |
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Formerly Known as : |
HANBIT CARPET CO., LTD. |
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Registered Office : |
104-3, Gamil-dong, Hanam-si, Gyeonggi-do, 465-190 |
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Country : |
Korea |
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Financial as on : |
31.12.2007 |
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Date of Incorporation : |
05.31.1994 |
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Com. Reg. No.: |
215-81-39936 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Household Textiles and Make-Up Textile Articles |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
HANBIT ITC CO.,
LTD. (Ex Company Name
: HANBIT CARPET CO., LTD.) |
|
Registered Address |
104-3, Gamil-dong, Hanam-si, Gyeonggi-do,
Korea |
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Zip Code |
465-190 |
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Tel |
+82-2-474-9199 |
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Fax |
+82-2-474-9770 |
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E-mail |
hanbitcarpet@unitel.co.kr |
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Website |
www.carpetland.co.kr |
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Trading
Address |
104-3, Gamil-dong, Hanam-si, Gyeonggi-do,
Korea |
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Tel |
+82-2-474-9199 |
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Fax |
+82-2-474-9770 |
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Type |
Import |
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Industry |
Wholesale
of household Textiles and Make-Up Textile Articles |
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Main
Business |
Carpet,
Bamboo Carpet |
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Established (mm/dd/yyyy) |
05/31/1994 |
The Subject occupies the premises of registered HQ address by leasing
base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Floor coverings(52100000) |
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Sell |
Rugs and mats |
CEO’s
|
Name |
Nam Jae-Seung |
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Address |
89, Bangi-dong, Songpa-gu,
Seoul, Korea |
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Date of Birth |
06/18/1958 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
500,000,000 KRW |
|
Employees |
20 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Woori Bank-Olympic
Branch Acct. No.:
159-04-113218 Kookmin Bank Acct. No.:
836-25-0019-627 S.C. First Bank of
Korea Acct. No.:
224-20-197290 Nonghyup Bank Acct. No. :
221103-000079 |
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Corporate
Registered No. |
110111-1042102 |
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Business Registered
No. |
215-81-39936 |
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Permit &
Licenses |
Int’l Trade No.:
11230151 |
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Shareholder
Position |
N/A |
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Company History |
05/31/1994 Incorporated as HANBIT CARPET CO., LTD. 03/01/2002 Acquired
GOOD FEELING CO., LTD. 01/16/2004 191-8,
Bangi-dong,
Songpa-gu, Seoul, Korea 08/31/2005 Changed company name to the
present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Nam Jae-Seung |
Male |
Korean |
07/01/2003 |
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Director |
Mr. |
Lee Chang-Yim |
Male |
Korean |
07/06/2005 |
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Director |
Mr. |
Lee Eun-Ok |
Male |
Korean |
12/16/2005 |
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Auditor |
Mr. |
Lee Soo-Cheon |
Male |
Korean |
01/16/2008 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
3,513,000,000 |
5,456,000,000 |
98,000,000 |
|
|
2006 |
2,567,000,000 |
4,703,000,000 |
92,000,000 |
|
2005 |
2,346,000,000 |
3,902,000,000 |
64,000,000 |
Financial Description
Unit: KRW
|
Authorized Capital |
800,000,000 |
|
Paid-Up Capital |
500,000,000 |
|
Total Issues Shares |
100,000 |
Balance
Sheet
|
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 |
5,456 |
4,703 |
3,902 |
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Current Assets |
5,276 |
4,324 |
3,584 |
|
-Quick Assets |
1,786 |
1,085 |
682 |
|
-Inventories |
3,490 |
3,239 |
2,902 |
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Fixed Assets |
180 |
380 |
318 |
|
-Investment |
58 |
235 |
112 |
|
-Tangibles |
8 |
13 |
24 |
|
-Intangibles |
2 |
2 |
2 |
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-Others |
112 |
130 |
180 |
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Total Liabilities |
3,835 |
3,181 |
2,471 |
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Current Liabilities |
3,835 |
3,181 |
2,471 |
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Fixed Liabilities |
- |
- |
- |
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Capital Stock |
500 |
500 |
500 |
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Capital Surplus |
- |
- |
- |
|
Profit Surplus |
1,121 |
1,023 |
931 |
|
Capital Adjustment |
- |
- |
- |
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Total Equity |
1,621 |
1,523 |
1,431 |
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Liab. &
Shareholder’s Equity |
5,456 |
4,703 |
3,902 |
Income
Statement
|
Unit : Million
Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
3,513 |
2,567 |
2,346 |
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Cost of Sold Goods |
1,913 |
1,359 |
1,170 |
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Gross Profit |
1,600 |
1,208 |
1,176 |
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Selling & Admin. Expenses |
1,380 |
1,063 |
1,074 |
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Operating Income |
220 |
146 |
102 |
|
Non-Operating
Income |
28 |
17 |
25 |
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Non-Operating
expenses |
111 |
71 |
51 |
|
Ordinary Income |
137 |
92 |
76 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
137 |
92 |
76 |
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Income Taxes
Expenses |
38 |
- |
11 |
|
Net Income |
98 |
92 |
64 |
Products, Technologies, Services
Description
|
Main Products & Services |
Carpet,
Bamboo Carpet, Rugs & Mats |
Sales by
Region (Activity &
Markets)
The Subject imports from Belgium, China, India and
Turkey.
Court
Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.79 |
|
UK Pound |
1 |
Rs.80.05 |
|
Euro |
1 |
Rs.64.56 |
RATING
EXPLANATIONS
|
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%)