MIRA INFORM REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
YURA TECH. CO., LTD. |
|
|
|
|
Formerly Known As : |
SELIM TECH CO., LTD. |
|
|
|
|
Registered Office : |
502-1, Simjung-ri, Jeondong-myeon, Yeongi-gun, Chungcheongnam-do, Korea Zip Code 339-843 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
07.05.1987 |
|
|
|
|
Com. Reg. No.: |
307-81-02043 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Electrical Equipment for Motor Vehicles |
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 |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
YURA TECH. CO.,
LTD. (Korean Company
Name : “(주)유라테크”) |
|
Registered Address |
502-1, Simjung-ri, Jeondong-myeon,
Yeongi-gun, Chungcheongnam-do, Korea |
|
Zip Code |
339-843 |
|
Tel |
+82-70-7878-3500 |
|
Fax |
+82-41-863-1096 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
5th Fl., Segwang Bldg., 9-2, Samseong
2-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-2056-2400 |
|
Fax |
+82-2-3443-3862 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Electrical Equipment for Motor Vehicles |
|
Main Business |
Spark Plug, Platinum Plug, Cigar Coil, Platinum Spark Plug, Wiring
Harness, Glow Plug, Spark Plug Cable, lridium Plug |
|
Established (mm/dd/yyyy) |
05/07/1987 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Spark plugs(26101732) |
|
Sell |
Glow plugs(26101724) |
|
Buy |
Mechanical wire(31151800) |
|
Buy |
Springs(31161900) |
|
Buy |
Diodes(32111500) |
|
Buy |
Resistors(32121600) |
|
Buy |
Electrodes(39121436) |
|
Buy |
Electrical terminals(39121432) |
|
Buy |
Miscellaneous fasteners(31162400) |
|
Buy |
Electrical insulators(39121721) |
|
Buy |
Gaskets(31181500) |
|
Buy |
Packaging boxes(24121503) |
|
Buy |
Mechanical wire(31151800) |
CEO’s
|
Name |
Ohm Byung-Yoon |
|
Date of Birth |
02/08/1941 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
5,760,000,000 |
|||||||||||||||||||||
|
Employees |
274 |
|||||||||||||||||||||
|
Formation |
Listed Company (KOSDAQ : 048430) as of 01/11/2001 |
|||||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Gangnam Gu Office
Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
110111-0529820 |
|||||||||||||||||||||
|
Business Registered No. |
307-81-02043 |
|||||||||||||||||||||
|
Permit & Licenses |
03/1997 Single PPM 09/1997 ISO 9002 06/23/1998 Single PPM 06/23/1999 QS 9000 10/20/2000 Single PPM 12/16/2005 Single PPM Int’l Trade No.: 913764 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
05/071987 Incorporated as CHAMPION
SPARKPLUG KOREA CO., LTD. 12/28/1990 Changed company name to SELIM
INDUSTRY CO., LTD. 08/21/2000 Changed company name to SELIM
TECH CO., LTD. 04/2003 Moved to the present HQ address
from 404-13, Nojang-ri, Jeondong-myeon, Yeongi-gun,
Chungcheongnam-do, Korea 12/28/2007 Changed company name to the
present name |
|||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Ohm Byung-Yoon |
Korean |
1941.02.08 |
Seoul National University, Korea |
|
President & CEO |
Mr. |
Ohm Dae-Yeol |
Korean |
1967.11.08 |
Ohio State University, USA |
|
Director |
Mr. |
Ahn Ki-Geon |
Korean |
1959.10.09 |
Woosong Technical College, Korea |
|
Auditor |
Mr. |
Lim Woo-Taik |
Korean |
1959.12.07 |
Dongah University, Korea |
|
Outside Director |
Mr. |
Kim Jung-Ho |
Korean |
1936.04.18 |
Chungang University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
24,273,619,056 |
85,198,358,395 |
781,963,512 |
|
|
2010 |
86,316,223,130 |
80,927,676,701 |
4,246,061,974 |
|
2009 |
75,160,796,325 |
65,473,719,596 |
3,497,936,542 |
|
2008 |
59,694,680,334 |
58,095,353,236 |
1,652,043,078 |
|
2007 |
54,980,562,198 |
44,448,191,558 |
2,432,965,711 |
|
2006 |
49,046,801,446 |
43,564,567,165 |
2,310,001,271 |
|
2005 |
41,080,316,432 |
39,943,705,483 |
2,392,459,013 |
(*)03/2011 ‘s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
5,760,000,000 |
|
Total Issues Shares |
11,520,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
85,198,358,395 |
80,879,967,373 |
|
|
Current
Assets |
25,528,498,051 |
26,933,263,534 |
|
|
Cash & Cash Equivalents |
1,966,058,175 |
2,498,761,870 |
|
|
Trade Receivables & Other
Receivables |
11,958,627,929 |
12,611,171,200 |
|
|
Other Finance Assets |
974,336,000 |
1,002,232,000 |
|
|
Prepaid Taxes |
178,187,321 |
77,444,122 |
|
|
Other Current Assets |
577,944,822 |
589,852,099 |
|
|
Inventories |
9,873,343,804 |
10,153,802,243 |
|
|
Non-Current
Assets |
59,669,860,344 |
53,946,703,839 |
|
|
Other Finance Assets |
120,462,664 |
119,712,952 |
|
|
Marketable Financial Instruments |
4,292,859,334 |
3,702,859,334 |
|
|
Investment_Related Companies |
4,925,456,116 |
4,114,814,005 |
|
|
Tangibles |
49,787,190,846 |
45,446,902,385 |
|
|
Intangibles |
543,891,384 |
562,415,163 |
|
|
Total Liabilities |
42,570,996,189 |
38,747,788,346 |
|
|
Current
Liabilities |
36,039,853,514 |
31,828,759,923 |
|
|
Trade Payables & Other
Payables |
15,896,320,983 |
16,623,497,309 |
|
|
Short-Term Borrowings |
18,530,000,000 |
13,600,000,000 |
|
|
Current Portion of Long-Term
Debts |
1,483,320,000 |
1,483,320,000 |
|
|
Provisions |
130,212,531 |
121,942,614 |
|
|
Non-Current
Liabilities |
6,531,142,675 |
6,919,028,423 |
|
|
Long-Term Borrowings |
2,224,980,000 |
2,595,810,000 |
|
|
Provision for Severance &
Retirement |
1,159,458,552 |
1,002,248,741 |
|
|
Provisions for Sales Guarantee |
2,037,318,367 |
2,492,346,772 |
|
|
Deferred Income Tax Credit |
1,049,385,756 |
798,622,910 |
|
|
Other Non-Current Debts |
60,000,000 |
30,000,000 |
|
|
Capital
Stock |
5,760,000,000 |
5,760,000,000 |
|
|
Capital Surplus |
1,138,041,599 |
1,138,041,599 |
|
|
Profit Surplus |
33,259,909,431 |
33,051,538,778 |
|
|
Others |
2,469,411,176 |
2,182,598,650 |
|
|
Total Equity |
42,627,362,206 |
42,132,179,027 |
|
|
Liab.
& Shareholder’s Equity |
85,198,358,395 |
80,879,967,373 |
|
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
80,927,676,701 |
65,473,719,596 |
58,095,353,236 |
|
Current Assets |
27,435,445,689 |
24,171,355,489 |
27,623,380,058 |
|
-Quick Assets |
17,281,643,446 |
16,168,575,993 |
17,826,664,129 |
|
-Inventories |
10,153,802,243 |
8,002,779,496 |
9,796,715,929 |
|
Fixed Assets |
53,492,231,012 |
41,302,364,107 |
30,471,973,178 |
|
-Investment |
7,878,485,631 |
3,999,202,777 |
1,638,955,450 |
|
-Tangibles |
44,992,429,558 |
36,564,139,765 |
28,073,526,515 |
|
-Intangibles |
164,045,173 |
218,298,135 |
254,999,142 |
|
-Others |
457,270,650 |
520,723,430 |
504,492,071 |
|
Total Liabilities |
39,099,492,850 |
28,435,157,262 |
25,295,894,856 |
|
Current Liabilities |
31,706,817,309 |
19,442,188,098 |
20,131,273,076 |
|
Fixed Liabilities |
7,392,675,541 |
8,992,969,164 |
5,164,621,780 |
|
Capital Stock |
5,760,000,000 |
5,760,000,000 |
5,760,000,000 |
|
Capital Surplus |
1,409,391,707 |
1,409,391,707 |
1,409,391,707 |
|
Profit Surplus |
26,821,876,315 |
23,148,461,941 |
20,108,643,479 |
|
Capital Adjustment |
7,836,915,829 |
6,720,708,686 |
5,521,423,194 |
|
Total Equity |
41,828,183,851 |
37,038,562,334 |
32,799,458,380 |
|
Liab. &
Shareholder’s Equity |
80,927,676,701 |
65,473,719,596 |
58,095,353,236 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
24,273,619,056 |
|
|
|
Cost of Sold Goods |
22,905,208,470 |
|
|
|
Gross Profit |
1,368,410,586 |
|
|
|
R&D |
406,649,844 |
|
|
|
Selling & Admin. Expenses |
778,508,676 |
|
|
|
Other Operating Income |
89,259,677 |
|
|
|
Other Operating Expenses |
2,688,501 |
|
|
|
Operating Income |
269,823,242 |
|
|
|
Equity Method Profits |
984,029,585 |
|
|
|
Finance Income |
55,422,534 |
|
|
|
Finance Expenses |
406,349,003 |
|
|
|
Income Before Taxes |
902,926,358 |
|
|
|
Income Taxes Expenses |
120,962,846 |
|
|
|
Net Income |
781,963,512 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
86,316,223,130 |
75,160,796,325 |
59,694,680,334 |
|
Cost of Sold Goods |
80,380,939,548 |
65,853,308,220 |
53,524,750,795 |
|
Gross Profit |
5,935,283,582 |
9,307,488,105 |
6,169,929,539 |
|
Selling & Admin. Expenses |
4,913,315,960 |
5,991,558,971 |
4,691,175,945 |
|
Operating Income |
1,021,967,622 |
3,315,929,134 |
1,478,753,594 |
|
Non-Operating Income |
6,621,327,201 |
1,861,631,601 |
1,598,742,136 |
|
Non-Operating Expenses |
3,043,362,520 |
1,329,124,042 |
916,573,368 |
|
Income Before Taxes |
4,599,932,303 |
3,848,436,693 |
2,160,922,362 |
|
Income Taxes Expenses |
353,870,329 |
350,500,151 |
508,879,284 |
|
Net Income |
4,246,061,974 |
3,497,936,542 |
1,652,043,078 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
748,036,405 |
|
|
|
Net Income |
781,963,512 |
|
|
|
Adjustment |
187,855,344 |
|
|
|
Interests Received |
5,161,338 |
|
|
|
Interests Paid |
-226,943,789 |
|
|
|
Income Taxes |
0 |
|
|
|
Cash Flows from Investing |
-5,839,910,100 |
|
|
|
Cash Flows from Financing |
4,559,170,000 |
|
|
|
Increase/Decrease in Cash |
|
|
|
|
Cash at the Beginning of Year |
2,498,761,870 |
|
|
|
Cash at the End of Year |
1,966,058,175 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
9,013,175,874 |
7,956,415,972 |
3,906,005,544 |
|
-Net Income |
4,246,061,974 |
3,497,936,542 |
1,652,043,078 |
|
-Exp. without Cash Outflow |
10,001,373,015 |
10,716,104,265 |
8,414,822,655 |
|
-Revenue
without Cash Inflows |
-5,862,841,931 |
-3,490,427,421 |
-1,992,360,308 |
|
-Changes in
Asset/ & Liability |
628,582,816 |
-2,767,197,414 |
-4,168,499,881 |
|
Cash Flows
from Investing |
-14,130,571,666 |
-7,689,524,811 |
-15,367,119,136 |
|
-Cash Inflow
from Investing |
158,445,018 |
10,009,764,641 |
175,821,492 |
|
-Cash
Outflows for Investing |
-14,289,016,684 |
-17,699,289,452 |
-15,542,940,628 |
|
Cash Flows
from Financing |
7,056,482,400 |
-408,118,080 |
4,355,550,280 |
|
-Cash
Inflows from Financing |
8,000,000,000 |
4,450,000,000 |
10,000,000,000 |
|
-Cash
Outflows from Financing |
-943,517,600 |
-4,858,118,080 |
-5,644,449,720 |
|
Increase/Decrease
in Cash |
1,939,086,608 |
-141,226,919 |
-7,105,563,312 |
|
Cash at the
Beginning of Year |
574,560,948 |
715,787,867 |
7,821,351,179 |
|
Cash at the
End of Year |
2,513,647,556 |
574,560,948 |
715,787,867 |
Products, Technologies, Services Description
|
Main Products & Services |
Spark Plug, Platinum Plug, Cigar Coil, Platinum Spark Plug, Wiring
Harness, Glow Plug, Spark Plug Cable, lridium Plug |
Trade Partners & Competitors
|
Customers |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) HYUNDAI MOBIS CO., LTD.( 110111-0215536) |
|
Competitors |
CAP CORPORATION 712, DAECHEON-DONG, DALSEO-GU, DAEGU, KOREA TEL:+82-53-584-8866 FAX:+82-53-584-8865 FUKOKU KOREA CO., LTD. 605B-13, BANWOL INDUSTRIAL COMPLEX, 1061-4,
SINGIL-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-494-9271~3 FAX:+82-31-491-9161 HST CO., LTD. RM. 302, BOKCHANG BLDG., 80, SOGONG-DONG,
JUNG-GU, SEOUL, KOREA TEL:+82-2-778-3701~4 FAX:+82-2-773-2051 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
YURA ILJO ELECTRONICS CO., LTD.(CHINA) (48.8% held by the subject company) YURA CORPORATION(KOREA) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2011 |
2010 |
2009 |
|
Export |
5,459 |
18,936 |
9,268 |
|
Domestic |
18,814 |
67,380 |
65,892 |
|
Total |
24,273 |
86,316 |
75,160 |
The Subject deals
with the companies in USA.
Court Action
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.21 |
|
Euro |
1 |
Rs.62.87 |
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.