MIRA
INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
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Name : |
AMS CO., LTD. |
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Registered Office : |
5th Fl., Juno Bldg. 592-2, Hadan 1-dong, Saha-gu, Busan, Korea 604-850 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
29.06.1998 |
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Com. Reg. No.: |
601-81-33642 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Sections for Ships |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic Information
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Company
Name |
AMS CO., LTD. (English Company Name : ALBATROS MARINE SERVICE CO., LTD.) (Korean Company Name : “(주)에이엠에스”) |
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Registered Address |
592-2, Hadan 1-dong, Saha-gu, Busan, Korea |
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Building |
5th Fl., Juno Bldg. |
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Zip Code |
604-850 |
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Tel |
+82-51-293-8641 |
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Fax |
+82-51-293-8642 |
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E-mail |
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Website |
www.albatros.co.kr |
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Trading Address |
5th Fl., Juno Bldg., 592-2, Hadan 1-dong,
Saha-gu, Busan, Korea |
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Tel |
+82-51-293-8641 |
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Fax |
+82-51-293-8642 |
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Type |
Export |
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Industry |
Manufacture of Sections for Ships |
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Main Business |
Ship`s Machinery, Equipment, Plant Machinery Equipment |
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Sub
Business |
Wholesale of Other Machinery and Equipment n.e.c. |
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Established (mm/dd/yyyy) |
06/29/1998 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Marine craft systems and
subassemblies(25111900) |
CEO’s
|
Name |
Park Jae-Man |
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Address |
Suite 102-1704, 1488, U-dong,
Haeundae-gu, Busan, Korea |
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Date of Birth |
09/18/1962 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
250,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Korea Exchange Bank-Shinpyung Branch |
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Corporate Registered No. |
180111-0260850 |
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Business Registered No. |
601-81-33642 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
03/02/1995 Established as AMS CO.(Sole
Proprietorship) 06/29/1998 Incorporated as the present name 11/30/2002 Awarded US$ 5 Million Export Top
Prize 11/2005 Awarded US$ 10 million Export Top
Prize 09/25/2006 Moved to the present HQ address
from 2FL., 262-5, Sinpyeong-dong, Saha-gu, Busan, Korea 08/11/2008 Increased the authorized shares to
200,000 shares from 40,000 shares 08/13/2008 Increased capital to 250,000,000 KRW
from 100,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Park Jae-Man |
Male |
Korean |
06/29/1998 |
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Auditor |
M/S. |
Kim Sun |
Female |
Korean |
07/21/2006 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
7,907,000,000 |
2,466,000,000 |
118,000,000 |
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2008 |
5,902,000,000 |
1,752,000,000 |
176,000,000 |
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2007 |
5,292,000,000 |
1,841,000,000 |
115,000,000 |
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2006 |
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2005 |
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2004 |
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2003 |
7,935,000,000 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
1,000,000,000 |
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Paid-Up Capital(KRW) |
250,000,000 |
|
Total Issues Shares |
50,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
2,466,000,000 |
1,752,000,000 |
1,841,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
2,106,000,000 |
1,288,000,000 |
1,636,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
360,000,000 |
464,000,000 |
205,000,000 |
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Liab. & Shareholder’s Equity |
2,466,000,000 |
1,752,000,000 |
1,841,000,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
7,907,000,000 |
5,902,000,000 |
5,292,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
118,000,000 |
176,000,000 |
115,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Ship`s Machinery, Equipment, Plant Machinery Equipment |
Trade Partners & Competitors
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Competitors |
SUNG IL CO., LTD.(SIM) 1587-4, SONGJEONG-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-831-8800 FAX:+82-51-831-5959 SEONGHWA INDUSTRIAL CO., LTD. 77-1, CHEONGOK-RI, JINSEONG-MYEON,
JINJU-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-790-0100 FAX:+82-55-758-2944 DONG BANG SHIP MACHINERY CO., LTD. 414-2, JUKGOK-DONG, JINHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-545-0882 FAX:+82-55-545-0883 |
Sales by Region (Activity &
Markets)
Not Available.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
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 |
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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-- |
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.