MIRA INFORM REPORT
|
Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SAE KWANG FASTENERS CO., LTD. |
|
|
|
|
Registered Office : |
2091, Daejeo 2-dong, Gangseo-gu, Busan |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
23.07.1996 |
|
|
|
|
Com. Reg. No.: |
606-81-61686 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacturer of Bolts and Nuts |
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 |
SAE KWANG FASTENERS CO., LTD. (Korean Company Name : “세광화스너”) |
|
Registered Address |
2091, Daejeo 2-dong, Gangseo-gu, Busan,
Korea |
|
Zip Code |
618-807 |
|
Tel |
+82-51-322-8201 |
|
Fax |
+82-51-322-1138 |
|
E-mail |
sjkimgs@hanmail.net |
|
Website |
www.skfasteners.co.kr |
|
Trading Address |
2091, Daejeo 2-dong, Gangseo-gu, Busan,
Korea |
|
Tel |
+82-51-322-8201 |
|
Fax |
+82-51-322-1220 |
|
Other Address-Seoul Office |
Rm.18-204, 604-1, Gurobon-dong, Guro-gu,
Seoul, Korea |
|
Tel |
+82-2-2675-6341~2 |
|
Fax |
+82-2-2675-5791 |
|
Type |
Import/Export |
|
Industry |
Manufacture of Metal Fasteners and Screw Products |
|
Main Business |
Bolts, Nuts |
|
Established (mm/dd/yyyy) |
07/23/1996 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Bolts(31161600) |
|
Sell |
Nuts(31161700) |
|
Sell |
Screws(31161500) |
CEO’s
|
Name |
Lee Sang-Man |
|
Address |
176-30, Yongho-dong, Nam-gu, Busan, Korea |
|
Date of Birth |
05/05/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
150,000,000 KRW |
|
Employees |
15 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Woori Bank-Sasang Branch Kookmin Bank-Haewundae Corporate Finance
Branch |
|
Corporate Registered No. |
180111-0211225 |
|
Business Registered No. |
606-81-61686 |
|
Permit & Licenses |
Int’l Trade No.: 12093766 |
|
Shareholder Position |
N/A |
|
Company History |
07/23/1996 Incorporated as the present
name 01/31/2008 Moved to the present HQ address
from 234-23, Hakjang-dong, Sasang-gu, Busan, Korea |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
President & CEO |
Mr. |
Lee Sang-Man |
Male |
Korean |
03/27/2008 |
|
Director |
Mr. |
Kim Chung-Kon |
Male |
Korean |
03/27/2008 |
|
Auditor |
M/S. |
Kwon Mi-Soon |
Female |
Korean |
03/27/2008 |
Financials
Unit : KRW
|
Year |
Sales |
Assets |
Net income |
|
2005 |
9,327,000,000 |
5,080,000,000 |
374,000,000 |
The 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 |
600,000,000 |
|
Paid-Up
Capital |
150,000,000 |
|
Total Issues Shares |
15,000 |
Balance
Sheet
|
Unit : Million Korean Won |
|
|
As of 12/31/2005 |
|
Total Assets |
|
|
5,080 |
|
Current Assets |
|
|
4,056 |
|
-Quick Assets |
|
|
3,069 |
|
-Inventories |
|
|
987 |
|
Fixed Assets |
|
|
1,024 |
|
-Investment |
|
|
107 |
|
-Tangibles |
|
|
917 |
|
-Intangibles |
|
|
- |
|
Total Liabilities |
|
|
2,971 |
|
Current Liabilities |
|
|
2,960 |
|
Fixed Liabilities |
|
|
11 |
|
Capital Stock |
|
|
150 |
|
Capital Surplus |
|
|
- |
|
Profit Surplus |
|
|
1,959 |
|
Capital Adjustment |
|
|
- |
|
Total Equity |
|
|
2,109 |
|
Liab. & Shareholder’s Equity |
|
|
5,080 |
Income Statement
|
Unit : Million Korean Won |
|
|
As of 12/31/2005 |
|
Sales |
|
|
9,327 |
|
Cost of Sold Goods |
|
|
7,790 |
|
Gross Profit |
|
|
1,537 |
|
Selling & Admin. Expenses |
|
|
913 |
|
Operating Income |
|
|
624 |
|
Non-Operating Income |
|
|
141 |
|
Non-Operating expenses |
|
|
274 |
|
Ordinary Income |
|
|
491 |
|
Special Income |
|
|
|
|
Income Before Taxes |
|
|
491 |
|
Income Taxes Expenses |
|
|
117 |
|
Net Income |
|
|
374 |
Products, Technologies, Services
Description
|
Main
Products & Services |
Stainless steel bolt & nut Screw Washer |
Sales by
Region (Activity &
Markets)
The Subject imports from Taiwan and China.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
|
UK Pound |
1 |
Rs.79.19 |
|
Euro |
1 |
Rs.64.42 |
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%)