MIRA INFORM REPORT
|
Report Date : |
22.08.2011 |
IDENTIFICATION DETAILS
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Name : |
KC TECH CO., LTD. |
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Registered Office : |
268-1, Gyereuk-ri, Miyang-myeon, Anseong-si, Gyeonggi-do, Korea, Zip Code 456-843 |
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Country : |
South Korea |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
07.06.1990 |
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Com. Reg. No.: |
120-81-05593 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacture of Semiconductor- Manufacturing Machinery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
KC TECH CO., LTD. (Korean Company Name : “(주)케이씨텍”) |
|
Registered Address |
268-1, Gyereuk-ri, Miyang-myeon, Anseong-si, Gyeonggi-do, Korea |
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Zip Code |
456-843 |
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Tel |
+82-31-670-8900 |
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Fax |
+82-31-670-8900 |
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E-mail |
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Website |
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Trading Address |
168-27, Samseong 1-dong, Gangnam-gu,
Seoul, Korea |
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Tel |
+82-2-2103-3500 |
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Other Address-2nd Factory |
271-14, Gyereuk-ri, Miyang-myeon,
Anseong-si, Gyeonggi-do, Korea |
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Other Address-3rd Factory |
267-5, Gyereuk-ri, Miyang-myeon,
Anseong-si, Gyeonggi-do, Korea |
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Type |
Export/Import |
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Industry |
Manufacture of Semiconductor- Manufacturing Machinery |
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Main Business |
Wet Station, Spinless Coater, Gas Cabinet, Spinless Coater, Wet System
for LCD,APP Cleaner, Gas Supply System,CO2 Cleaning System, Slury |
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Established (mm/dd/yyyy) |
06/07/1990 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Semiconductor process systems(23211101) |
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Sell |
Electronic manufacturing and processing
machinery(23211100) |
CEO’s
|
Name |
Koh Sork-Tae |
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Date of Birth |
03/31/1954 |
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Title |
Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
16,210,428,000 |
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Employees |
426 |
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Formation |
Listed Company (Korea Stock Exchange : 029460) as of Foreign Direct Investment Corporation |
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Bank Details |
Shinhan Bank-Young Dong Branch |
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Corporate Registered No. |
110111-0703210 |
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Business Registered No. |
120-81-05593 |
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Permit & Licenses |
05/24/1996 ISO 9001 10/14/1997 ISO 14001 11/1997 CE Mark Int’l Trade No.: 537889 |
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Shareholder Position |
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Company History |
06/07/1990 Incorporated as the present name 11/2007 Awarded US$30 Million Export Top
Prize 06/2009 Acquired CMP Business from DOOSAN MECATEC CO., LTD.(110111-0126022) |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Education |
|
Chairman
& CEO |
Mr. |
Koh Sork-Tae |
1954.03.31 |
Korean |
Sungkyunkwan University, Korea |
|
President
& CEO |
Mr. |
Park Young-Soon |
1959.09.01 |
Korean |
- |
|
Outside
Director |
Mr. |
Kim Nam-In |
1952.11.28 |
Korean |
Seoul National University, Korea |
|
Outside
Director |
Mr. |
Lee Yong-Hwan |
1953.03.30 |
Korean |
Seoul National University, Korea |
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Vice
Chairman |
Mr. |
Lee Sung-Yeol |
1951.06.26 |
Korean |
- |
|
Vice
President |
Mr. |
Moon Sun-Mok |
1963.03.01 |
Korean |
Seoul National University, Korea |
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Auditor |
Mr. |
Park Yong-Bok |
1954.09.27 |
Korean |
Kunkook University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
104,648,632,732 |
224,397,961,174 |
8,497,970,980 |
|
|
2010 |
230,308,407,133 |
214,435,783,163 |
25,039,725,314 |
|
2009 |
95,529,896,940 |
182,885,347,433 |
10,054,295,125 |
|
2008 |
186,013,612,075 |
175,103,266,451 |
11,216,295,530 |
Financial Description
|
Authorized Capital(KRW) |
30,000,000,000 |
|
Paid-Up Capital(KRW) |
16,210,428,000 |
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Total Issues Shares |
32,420,856 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
224,397,961,174 |
216,831,018,887 |
|
|
Current
Assets |
121,002,432,088 |
117,747,772,740 |
|
|
Cash
& Cash Equivalents |
2,658,098,161 |
3,787,560,457 |
|
|
Marketable
Financial Instruments |
11,838,176,028 |
4,700,726,557 |
|
|
Trade
Receivables |
81,037,948,746 |
86,688,845,800 |
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Other
Receivables |
801,888,278 |
2,237,620,536 |
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Other
Current Assets |
1,064,794,877 |
231,210,744 |
|
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Other
Current Financial Instruments |
1,065,781,072 |
1,643,436,898 |
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Inventories |
22,535,744,926 |
18,458,371,748 |
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Non-Current Assets |
103,395,529,086 |
99,083,246,147 |
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Investment_Related
Companies |
32,196,308,903 |
29,932,725,503 |
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Other
Non-Current Assets |
456,141,775 |
871,132,771 |
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Other
Non-Current Financial Instruments |
6,279,054,759 |
5,609,512,264 |
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Other
Non-Current Assets |
551,437,145 |
586,574,921 |
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Investment_Real
Estates |
1,178,067,751 |
1,178,067,751 |
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Tangibles |
50,101,238,224 |
49,016,597,735 |
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Intangibles |
9,951,917,337 |
10,466,598,524 |
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Deferred
Income Tax Assets |
2,681,363,192 |
1,422,036,678 |
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Total Liabilities |
46,891,691,169 |
45,910,162,630 |
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Current Liabilities |
44,865,213,608 |
43,872,002,743 |
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Trade Payables |
24,122,482,764 |
22,601,518,002 |
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Account
Payables |
3,540,180,448 |
4,728,434,365 |
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Other
Current Financial Debts |
|
105,900,116 |
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Accrued
Income Tax |
4,128,419,660 |
5,425,135,995 |
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Other
Current Liabilities |
9,866,846,120 |
8,111,596,131 |
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Provisions |
3,207,284,616 |
2,899,418,134 |
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Non-Current Liabilities |
2,026,477,561 |
2,038,159,887 |
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Long-Term
Trade Payables |
1,605,964,200 |
1,605,964,200 |
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Other
Non-Current Financial Debts |
420,513,361 |
432,195,687 |
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Capital Stock |
16,210,428,000 |
15,738,280,000 |
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Capital
Surplus |
48,198,100,722 |
48,670,248,722 |
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Others |
-23,963,632 |
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Profit Surplus |
113,121,704,915 |
106,512,327,535 |
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Total Equity |
177,506,270,005 |
170,920,856,257 |
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Liab.
& Shareholder’s Equity |
224,397,961,174 |
216,831,018,887 |
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Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
214,435,783,163 |
182,885,347,433 |
175,103,266,451 |
|
Current Assets |
112,866,731,155 |
86,979,868,755 |
88,938,194,167 |
|
-Quick Assets |
94,408,358,882 |
78,333,264,996 |
79,552,500,619 |
|
-Inventories |
18,458,372,273 |
8,646,603,759 |
9,385,693,548 |
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Fixed Assets |
101,569,052,008 |
95,905,478,678 |
86,165,072,284 |
|
-Investment |
45,990,403,744 |
39,898,848,253 |
37,060,232,773 |
|
-Tangibles |
45,611,470,921 |
45,578,067,127 |
44,294,109,674 |
|
-Intangibles |
6,877,227,311 |
7,684,543,921 |
1,844,745,850 |
|
-Others |
3,089,950,032 |
2,744,019,377 |
2,965,983,987 |
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Total Liabilities |
43,438,443,722 |
42,094,352,928 |
43,875,187,393 |
|
Current Liabilities |
37,679,073,559 |
34,626,932,585 |
41,212,590,304 |
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Fixed Liabilities |
5,759,370,163 |
7,467,420,343 |
2,662,597,089 |
|
Capital Stock |
15,738,280,000 |
15,158,720,500 |
14,727,068,500 |
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Capital Surplus |
48,952,157,511 |
46,572,092,776 |
47,501,366,455 |
|
Profit Surplus |
104,951,950,090 |
80,645,997,436 |
71,167,238,851 |
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Capital Adjustment |
1,354,951,840 |
-1,585,816,207 |
-2,167,594,748 |
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Total Equity |
170,997,339,441 |
140,790,994,505 |
131,228,079,058 |
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Liab. &
Shareholder’s Equity |
214,435,783,163 |
182,885,347,433 |
175,103,266,451 |
Income
Statement
|
|||
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Unit : Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
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Sales |
104,648,632,732 |
|
|
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Cost of Sold Goods |
83,674,313,119 |
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|
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Gross Profit |
20,974,319,613 |
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Other Profits |
2,253,132,530 |
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|
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Selling & Admin. Expenses |
7,463,386,607 |
|
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R&D |
2,843,458,286 |
|
|
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Other Operating Expenses |
1,870,765,368 |
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|
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Operating Income |
11,049,841,882 |
|
|
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Finance Income |
574,429,581 |
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Finance Expenses |
231,915,289 |
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Non-Operating Income |
13,501,516 |
|
|
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Non-Operating
Expenses |
62,056,528 |
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|
|
Income Before Taxes |
11,343,801,162 |
|
|
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Income Taxes Expenses |
2,845,830,182 |
|
|
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Net Income |
8,497,970,980 |
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Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
230,308,407,133 |
95,529,896,940 |
186,013,612,075 |
|
Cost of Sold Goods |
186,753,508,090 |
70,778,492,201 |
152,251,305,532 |
|
Gross Profit |
43,554,899,043 |
24,751,404,739 |
33,762,306,543 |
|
Selling & Admin. Expenses |
20,610,438,186 |
15,015,708,301 |
10,585,232,185 |
|
Operating Income |
22,944,460,857 |
9,735,696,438 |
23,177,074,358 |
|
Non-Operating Income |
14,481,174,227 |
8,940,674,055 |
11,311,014,449 |
|
Non-Operating Expenses |
5,620,416,729 |
7,175,578,908 |
17,820,531,339 |
|
Income Before Taxes |
31,805,218,355 |
11,500,791,585 |
16,667,557,468 |
|
Income Taxes Expenses |
6,765,493,041 |
1,446,496,460 |
5,451,261,938 |
|
Net Income |
25,039,725,314 |
10,054,295,125 |
11,216,295,530 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
|
|
|
|
Net Income |
8,497,970,980 |
|
|
|
Adjustment |
4,003,022,300 |
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|
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Cash Flows from Operating |
11,301,568,714 |
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Cash Flows from Investing |
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Cash Flows from Financing |
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Increase/Decrease in Cash |
-1,109,180,515 |
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|
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Cash at the Beginning of Year |
3,787,560,457 |
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Cash at the End of Year |
2,658,098,161 |
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Cash Flows |
|||
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
-42,714,942,099 |
50,519,370,632 |
3,179,599,140 |
|
-Net Income |
25,039,725,314 |
10,054,295,125 |
11,216,295,530 |
|
-Exp. without
Cash Outflow |
10,434,014,627 |
8,121,408,916 |
18,499,615,921 |
|
-Revenue
without Cash Inflows |
-13,933,424,309 |
-5,884,790,619 |
-7,869,188,853 |
|
-Changes in
Asset/ & Liability |
-64,255,257,731 |
38,228,457,210 |
-18,667,123,458 |
|
Cash Flows
from Investing |
37,567,019,268 |
-45,734,594,075 |
-9,278,289,031 |
|
-Cash Inflow
from Investing |
46,543,979,958 |
2,031,711,362 |
20,808,205,837 |
|
-Cash
Outflows for Investing |
-8,976,960,690 |
-47,766,305,437 |
-30,086,494,868 |
|
Cash Flows from
Financing |
966,703,791 |
1,552,747,555 |
-3,554,667,361 |
|
-Cash
Inflows from Financing |
8,653,712,209 |
7,571,232,482 |
1,076,954,612 |
|
-Cash
Outflows from Financing |
-7,687,008,418 |
-6,018,484,927 |
-4,631,621,973 |
|
Increase/Decrease in Cash |
-4,181,219,040 |
6,337,524,112 |
-9,653,357,252 |
|
Cash at the Beginning of Year |
7,968,779,497 |
1,631,255,385 |
11,284,612,637 |
|
Cash at the End of Year |
3,787,560,457 |
7,968,779,497 |
1,631,255,385 |
Products, Technologies, Services Description
|
Main Products & Services |
Wet Station, Spinless Coater, Gas Cabinet, Spinless Coater, Wet System
for LCD,APP Cleaner, Gas Supply System,CO2 Cleaning System, Slury |
Trade Partners & Competitors
|
Customers |
LG DISPLAY CO., LTD.(110111-0393134) |
|
Competitors |
SYSTEM ENGINEERING MEGA SOLUTION CO., LTD. 278, MOSI-RI, JIKSAN-EUP, SEOBUK-GU,
CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-620-8000 FAX:+82-41-620-8008 SYSTEMS TECHNOLOGY INC. 450-5, YANGGI-RI, GONGDO-EUP, ANSEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-653-4380 FAX:+82-31-653-4386 BI EMT CO.,
LTD. 10-6,
SODONG-RI, EUMBONG-MYEON, ASAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-539-6114 FAX:+82-41-539-6120 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
TOKAI CARBON KOREA CO.,
LTD.(134611-0007844) (28.32% held by the subject
company) KOREA PIONICS CO., LTD.(134611-0006242) (44.16% held by the subject
company) K.C.ENC CO.,LTD.(134611-0014005) (53.67% held by the subject
company) D.O.TEL CO.,LTD.(110111-1796577) (58.54% held by the subject
company) KC T&S CO., LTD.(110111-3999989) (40.00% held by the subject
company) K.C.INS CO.,LTD.(110111-4645119) (100.0%% held by the subject company) KC CONSTRUCTION CO., LTD.(110111-4331495) TAIWAN GAESA TECHNOLOGY CO., LTD.(TAIWAN : 대만개사과기유한공사) GAESA PRECISION FACILITY YUHO(MUSUCK) CO.,
LTD.(CHINA : 개사정밀설비유호(무석)유한공사) |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
No.
News Clipping
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
UK Pound |
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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.