MIRA INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
BUM JIN INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
268, Gyereuk-ri, Miyang-myeon, Anseong-si, Gyeonggi-do, Korea, Zip Code 456-843 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
24.08.1991 |
|
|
|
|
Com. Reg. No.: |
125-81-08329 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Colouring Matter, Tanning Materials and Other Coloring Agents |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company
Name |
BUM JIN
INDUSTRIAL CO., LTD. (Korean Company
Name : “범진산업(주)”) |
|
Registered Address |
268, Gyereuk-ri, Miyang-myeon, Anseong-si,
Gyeonggi-do, Korea |
|
Zip Code |
456-843 |
|
Tel |
+82-31-677-0033 |
|
Fax |
+82-31-677-8229 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
268, Gyereuk-ri, Miyang-myeon, Anseong-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-677-0033 |
|
Fax |
+82-31-677-8229 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Colouring Matter, Tanning Materials and Other
Coloring Agents |
|
Main Business |
Fluorescent Brightener, Dyestuff |
|
Established (mm/dd/yyyy) |
08/24/1991 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fluorescent dyes(12171501) |
|
Sell |
Dyes(12171500) |
|
Sell |
Phthalein dyes(12171502) |
|
Sell |
Laundry products(47131811) |
|
Sell |
Bleaches(47131807) |
CEO’s
|
Name |
Lee Bum-Ick |
|
Address |
Suite 1411-1201, 4 Block, Dongcheon-dong,
Suji-gu, Yongin-si, Gyeonggi-do, Korea |
|
Date of Birth |
07/15/1946 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
600,000,000 |
||||||||||||||||||
|
Employees |
19 |
||||||||||||||||||
|
Formation |
Co., Ltd by Shares |
||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Anseong Branch |
||||||||||||||||||
|
Corporate Registered No. |
134611-0003652 |
||||||||||||||||||
|
Business Registered No. |
125-81-08329 |
||||||||||||||||||
|
Permit & Licenses |
04/2005 ISO 14001 04/2005 ISO 9001 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
01/1982 Established as BUM JIN TRADING CO. 08/24/1991 Incorporated as the present name |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Bum-Ick |
Male |
Korean |
03/20/2009 |
|
Director |
M/S. |
Lee Hye-Kyung |
Female |
Korean |
03/20/2009 |
|
Director |
Mr. |
Lee Sang-Koo |
Male |
Korean |
03/20/2009 |
|
Auditor |
M/S. |
Kim Ji-Hyun |
Female |
Korean |
03/24/2003 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
6,186,000,000 |
|
|
|
2006 |
5,626,348,073 |
5,968,804,457 |
439,879,637 |
|
2005 |
5,217,803,900 |
7,390,683,747 |
66,048,270 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
1,200,000,000 |
|
Paid-Up Capital(KRW) |
600,000,000 |
|
Total Issues Shares |
120,000 |
Balance Sheet
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Total Assets |
5,968,804,457 |
7,390,683,747 |
|
|
Current Assets |
3,298,977,951 |
4,219,196,875 |
|
|
-Quick Assets |
2,621,092,996 |
3,552,147,993 |
|
|
-Inventories |
677,884,955 |
667,048,882 |
|
|
Fixed Assets |
2,669,826,506 |
3,171,486,872 |
|
|
-Investment |
367,284,800 |
1,009,453,800 |
|
|
-Tangibles |
2,302,541,706 |
2,162,033,072 |
|
|
-Intangibles |
- |
- |
|
|
Total Liabilities |
1,047,647,883 |
2,909,406,810 |
|
|
Current Liabilities |
992,647,883 |
2,436,178,124 |
|
|
Fixed Liabilities |
55,000,000 |
473,228,686 |
|
|
Capital Stock |
600,000,000 |
600,000,000 |
|
|
Capital Surplus |
- |
- |
|
|
Profit Surplus |
4,321,156,574 |
3,881,276,937 |
|
|
Capital Adjustment |
- |
- |
|
|
Total Equity |
4,921,156,574 |
4,481,276,937 |
|
|
Liab. & Shareholder’s Equity |
5,968,804,457 |
7,390,683,747 |
|
|
Current
Liabilities |
992,647,883 |
2,436,178,124 |
|
|
Trade Payables |
180,710,866 |
554,487,212 |
|
|
Short-Term Borrowings |
634,097,896 |
1,566,406,823 |
|
|
Account Payables |
56,987,066 |
52,983,408 |
|
|
Advance Receipts |
1,355,500 |
68,593,460 |
|
|
Withholdings |
7,329,090 |
10,045,350 |
|
|
Accrued Expenses |
23,299,923 |
23,419,245 |
|
|
Accrued Income Tax |
2,453,506 |
70,982,260 |
|
|
Current Portion of Long-Term Debts |
50,000,000 |
50,000,000 |
|
|
VAT Withhold |
36,414,036 |
39,260,366 |
|
|
Fixed
Liabilities |
55,000,000 |
473,228,686 |
|
|
Long-Term Borrowings |
25,000,000 |
75,000,000 |
|
|
Leasehold Deposit Received |
30,000,000 |
30,000,000 |
|
|
Provision for Severance & Retirement |
- |
382,279,186 |
|
Income Statement
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Sales |
5,626,348,073 |
5,217,803,900 |
|
|
Cost of Sold Goods |
4,464,404,089 |
4,245,545,752 |
|
|
Gross Profit |
1,161,943,984 |
972,258,148 |
|
|
Selling & Admin. Expenses |
935,615,174 |
816,931,380 |
|
|
Operating Income |
226,328,810 |
155,326,768 |
|
|
Non-Operating Income |
270,743,911 |
103,086,896 |
|
|
Non-Operating Expenses |
30,204,512 |
33,544,464 |
|
|
Ordinary Income |
466,868,209 |
224,869,200 |
|
|
Special Income |
- |
- |
|
|
Income Before Taxes |
466,868,209 |
224,869,200 |
|
|
Income Taxes Expenses |
26,988,572 |
158,820,930 |
|
|
Net Income |
439,879,637 |
66,048,270 |
|
Cash Flows
|
Unit : Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
As of 12/31/2004 |
|
Cash Flows from Operating |
(-)136,714,314 |
113,139,511 |
|
|
-Net Income |
439,879,637 |
66,048,270 |
|
|
-Exp. without Cash Outflow |
346,983,678 |
254,322,439 |
|
|
-Revenue without Cash Inflows |
(-)428,573,640 |
(-)103,693,750 |
|
|
-Changes in Asset/ & Liability |
(-)495,003,989 |
(-)103,537,448 |
|
|
Cash Flows from Investing |
1,056,794,297 |
(-)652,153,881 |
|
|
-Cash Inflow from Investing |
1,575,730,450 |
25,018,200 |
|
|
-Cash Outflows for Investing |
(-)518,936,153 |
(-)677,172,081 |
|
|
Cash Flows from Financing |
(-)982,308,927 |
415,542,775 |
|
|
-Cash Inflows from Financing |
- |
465,542,775 |
|
|
-Cash Outflows from Financing |
(-)982,308,927 |
(-)50,000,000 |
|
|
Increase/Decrease in Cash |
(-)62,228,944 |
(-)123,471,595 |
|
|
Cash at the Beginning of Year |
127,392,599 |
250,864,194 |
|
|
Cash at the End of Year |
65,163,655 |
127,392,599 |
|
Products, Technologies, Services Description
|
Main Products & Services |
Fluorescent Brightener, Dyestuff |
Trade Partners & Competitors
|
Competitors |
SAMWON INDUSTRIAL CO., LTD. 785-8, WONSI-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-491-7881 FAX:+82-31-491-0449 TEXCHEM KOREA CO., LTD. RM. 617, DONGMUN GOOD MORNING TOWER 2-CHA
,1324, BAEKSEOK 2-DONG, ILSANDONG-GU, GOYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-908-8651 FAX:+82-31-908-8654 DYESWELL CO., LTD. 109B-11L, NAMDONG INDUSTRIAL COMPLEX,
654-10, GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-822-8405 FAX:+82-32-817-0639 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.