MIRA INFORM REPORT
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Report Date : |
19.08.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
SE JIN INDUSTRIAL CO., LTD. |
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Registered Office : |
1238, Daedae-ri, Ungchon-myeon, Ulju-gun,
Ulsan, Korea, Zip Code 689-872 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
08.03.1985 |
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Com. Reg. No.: |
610-81-06421 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of all other Chemical Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually Correct |
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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
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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
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Company Name |
SE JIN
INDUSTRIAL CO., LTD. (Korean Company
Name : “세진산업(주)”) |
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Registered Address |
1238, Daedae-ri, Ungchon-myeon, Ulju-gun,
Ulsan, Korea |
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Zip Code |
689-872 |
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Tel |
+82-52-225-7611 |
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Fax |
+82-52-225-7614 |
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Trading Address |
1238, Daedae-ri, Ungchon-myeon, Ulju-gun,
Ulsan, Korea |
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Tel |
+82-52-225-7611 |
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Fax |
+82-52-225-7614 |
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Type |
Import |
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Industry |
Manufacture of All Other Chemical Products n.e.c. |
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Main Business |
Pitch Coke, Fe-Si, SIC |
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Established (mm/dd/yyyy) |
03/08/1985 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Silicon carbide(11101521) |
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Sell |
Coke(15101604) |
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Sell |
Iron(11101713) |
CEO’s
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Name |
Kang Hee-Sun |
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Address |
1238, Daedae-ri, Ungchon-myeon, Ulju-gun, Ulsan, Korea |
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Date of Birth |
05/11/1941 |
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Title |
President & CEO |
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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 |
10 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Ungsang Branch |
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Corporate Registered No. |
181211-0008231 |
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Business Registered No. |
610-81-06421 |
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Permit & Licenses |
Int’l Trade No.: 24000017 |
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Shareholder Position |
N/A |
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Company History |
03/08/1985 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Co-President & CEO |
M/S. |
Kang Hee-Sun |
Female |
Korean |
08/30/2008 |
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Co-President & CEO |
Mr. |
Lee Kyung-Rae |
Male |
Korean |
03/27/2009 |
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Director |
Mr. |
Park Chang-Soo |
Male |
Korean |
08/30/2008 |
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Auditor |
M/S. |
Shin Young-Hee |
Female |
Korean |
08/30/2005 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
6,506,000,000 |
4,160,000,000 |
133,000,000 |
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2008 |
6,606,000,000 |
3,613,000,000 |
29,000,000 |
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2007 |
4,584,000,000 |
3,175,000,000 |
20,000,000 |
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2006 |
4,530,000,000 |
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2005 |
5,314,000,000 |
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2004 |
5,610,000,000 |
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2003 |
5,417,000,000 |
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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 |
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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 |
4,160,000,000 |
3,613,000,000 |
3,175,000,000 |
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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 |
2,091,000,000 |
1,677,000,000 |
1,268,000,000 |
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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 |
2,069,000,000 |
1,936,000,000 |
1,907,000,000 |
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Liab. &
Shareholder’s Equity |
4,160,000,000 |
3,613,000,000 |
3,175,000,000 |
Income Statement
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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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Sales |
6,506,000,000 |
6,606,000,000 |
4,584,000,000 |
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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 |
133,000,000 |
29,000,000 |
20,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Pitch Coke, Fe-Si, SIC |
Trade Partners & Competitors
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Competitors |
GRACO CO., LTD. 1000-7, DAECHI 2-DONG, GANGNAM-GU, SEOUL,
KOREA TEL:+82-2-565-5691~5 FAX:+82-2-563-1987 SEKYUNG CORPORATION RM.
1108, JEIL BLDG., 256-13, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-703-0076 FAX:+82-2-703-8558 SAMGANG INTERNATIONAL 2ND FL., SAMHWANG BLDG., 1577-2, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3486-5654 FAX:+82-2-3486-5650 |
Sales by Region
(Activity & Markets)
The Subject imports
from China.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
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UK Pound |
1 |
Rs.75.32 |
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Euro |
1 |
Rs.65.68 |
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 |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.