MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SE YOUNG METAL CO., LTD. |
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Registered Office : |
254-2, Cheongcheon-ri, Jillye-myeon, Gimhae-si, Gyeongsangnam-do,
621-884 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
05.28.1999 |
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Com. Reg. No.: |
606-81-22188 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Plastic Bars, Pipes, Tubes and Hoses |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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 |
SE YOUNG METAL
CO., LTD. |
|
Registered Address |
254-2, Cheongcheon-ri, Jillye-myeon, Gimhae-si,
Gyeongsangnam-do, Korea |
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Zip Code |
621-884 |
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Tel |
+82-55-345-7873 |
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Fax |
+82-55-345-7857 |
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E-mail |
cyeejin@nate.com |
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Website |
www.symetal.en.ec21.com |
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Trading Address |
254-2, Cheongcheon-ri, Jillye-myeon,
Gimhae-si, Gyeongsangnam-do, Korea |
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Tel |
+82-55-345-7873 |
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Fax |
+82-55-345-7857 |
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Type |
Export/Import |
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Industry |
Manufacture of Plastic Bars, Pipes, Tubes and Hoses |
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Main Business |
PVC Gas Hose, Stainless Steel Kitchenware |
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Sub Business |
Wholesale of Household Ceramics, Non-electric Kitchen Utensils and
Wooden Ware |
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Established (mm/dd/yyyy) |
05/28/1999 |
The Subject
occupies the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Domestic kitchen appliances(52141500) |
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Sell |
Domestic frying pans(52151802) |
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Sell |
Domestic juicers(52141511) |
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Sell |
Domestic kitchen tools and
utensils(52151600) |
CEO’s
|
Name |
Lee Bok-Boon |
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Address |
587, Jeonpo-dong, Busanjin-gu, Busan, Korea |
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Date of Birth |
10/26/1956 |
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Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
M/S. Lee Bok-Boon has
been graduated from Ducksung Women’s University, Korea.
Profiles
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Capital |
50,000,000 KRW |
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Employees |
3 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Kookmin Bank |
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Corporate Registered No. |
180111-0288688 |
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Business Registered No. |
606-81-22188 |
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Permit & Licenses |
Int’l Trade No.: 12102576 |
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Shareholder Position |
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Company History |
05/28/1999 Incorporated
as the present name 06/2003
Moved to 620, Jurye-dong, Sasang-gu, Busan, Korea from 350-6, Samnak-dong,
Sasang-gu, Busan, Korea 12/06/2007
Moved to the present HQ address from 620, Jurye-dong, Sasang-gu, Busan, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
M/S. |
Lee Bok-Boon |
Female |
Korean |
05/28/1999 |
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Director |
M/S. |
Lee Bok-Ja |
Female |
Korean |
05/28/1999 |
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Director |
M/S. |
Kwon Keum-Chun |
Female |
Korean |
05/28/1999 |
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Auditor |
M/S. |
Lee Bok-Nam |
Female |
Korean |
05/28/1999 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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|
|
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2006 |
436,228,000 |
319,439,000 |
5,764,000
|
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2005 |
525,948,000 |
151,778,000 |
8,251,000 |
|
2004 |
- |
- |
- |
|
2003 |
509,000,000 |
362,000,000 |
9,000,000 |
The latest 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 |
50,000,000 |
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Total Issues Shares |
10,000 |
Balance
Sheet
|
Unit : Thousand Korean Won |
|
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
|
319,439 |
151,778 |
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Current Assets |
|
266,185 |
98,524 |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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53,254 |
53,254 |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
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234,437 |
72,540 |
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Current Liabilities |
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234,437 |
72,540 |
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Fixed Liabilities |
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0 |
0 |
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Capital Stock |
|
50,000 |
50,000 |
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Capital Surplus |
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0 |
0 |
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Profit Surplus |
|
35,002 |
29,239 |
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Capital Adjustment |
|
0 |
0 |
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Total Equity |
|
85,002 |
79,239 |
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Liab. & Shareholder’s Equity |
|
319,439 |
151,778 |
Income
Statement
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Unit : Thousand Korean Won |
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As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
|
436,228 |
525,948 |
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Cost of Sold Goods |
|
337,662 |
423,074 |
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Gross Profit |
|
98,566 |
102,874 |
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Selling & Admin. Expenses |
|
92,426 |
94,623 |
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Operating Income |
|
6,140 |
8,251 |
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Non-Operating Income |
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- |
- |
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Non-Operating expenses |
|
376 |
- |
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Ordinary Income |
|
5,764 |
8,251 |
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Special Income |
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- |
- |
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Income Before Taxes |
|
5,764 |
8,251 |
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Income Taxes Expenses |
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- |
- |
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Net Income |
|
5,764 |
8,251 |
Products, Technologies, Services
Description
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Main
Products & Services |
Marble Coated Products(New!) Stainless Steel Cookware & Kitchenware -Juicers, Steamers, Pans, Pots, Mixing Bowls, Colanders, Cutlery and
Tools Aluminum Cookware Airtight Food Container Hose & Regulators -Gas Regulators, PVC Gas Hose, Super Braid Hose, Super Air Hose,
Butane Gas Cartridge Building Material -Fireproof & Waterproof Board Idea Products Brand Name Cook Plaza |
Sales by
Region (Activity &
Markets)
Not Available.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
|
UK Pound |
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.63.53 |
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%)