MIRA INFORM REPORT

 

 

Report Date :

27.08.2011

 

IDENTIFICATION DETAILS

 

Name :

SEKYE CO., LTD.

 

 

Registered Office :

150-36, Gamjeon-dong, Sasang-gu, Busan, Korea-617-050

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

12.06.2007

 

 

Com. Reg. No.:

180111-0596164

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales and Retails of Machinery and Tools Electric Tools, Drill, Battery Charger

 

 

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 :

Usually Correct

 

 

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 Information

 

Basic

 

Company Name

SEKYE CO., LTD.

(Korean Company Name : “(주)세계”)

Registered Address

150-36, Gamjeon-dong, Sasang-gu, Busan, Korea

Zip Code

617-050

Tel

+82-51-313-0944

Fax

+82-51-313-2454

E-mail

world0001@naver.com

Website

www.09bank.co.kr

Trading Address

150-36, Gamjeon-dong, Sasang-gu, Busan, Korea

Tel

+82-51-313-0944

Fax

+82-51-313-2454

Type

Export/Import

Industry

Wholesales and Retails of Machinery and Tools

Main Business

Electric Tools, Drill, Battery Charger

Established (mm/dd/yyyy)

06/12/2007

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Power drills(27112703)

Sell

Power tools(27112700)

 

 

CEO’s

 

Name

Jang Won-Jo

Address

Suite 104-1203, 93-3, Daeyeon-dong, Nam-gu, Busan, Korea

Date of Birth

11/30/1972

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

23

Formation

Co., Ltd by Shares

Bank Details

Woori Bank(A/C No.: 1005-001-194225)

Shinhan Bank(A/C No.: 104-007-888559)

Corporate Registered No.

180111-0596164

Business Registered No.

606-86-03814

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

06/12/2007 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Jang Won-Jo

Male

Korean

06/12/2010

Director

Mr.

Kim Nam-Il

Male

Korean

06/12/2010

Auditor

M/S.

Won Ji-Hye

Female

Korean

06/15/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

8,278,470,000

 

172,640,000

2008

8,480,000,000

3,013,000,000

205,000,000

2007

4,346,000,000

 

70,000,000

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)

400,000,000

Paid-Up Capital(KRW)

100,000,000

Total Issues Shares

10,000

 

 

Balance Sheet

Unit : Million Korean Won

 

 

As of 12/31/2008

Total Assets

 

 

3,013

Current Assets

 

 

2,865

-Quick Assets

 

 

1,393

-Inventories

 

 

1,472

Fixed Assets

 

 

148

-Investment

 

 

16

-Tangibles

 

 

56

-Intangibles

 

 

-

Total Liabilities

 

 

2,638

Current Liabilities

 

 

2,138

Fixed Liabilities

 

 

500

Capital Stock

 

 

100

Capital Surplus

 

 

-

Profit Surplus

 

 

275

Capital Adjustment

 

 

-

Total Equity

 

 

375

Liab. & Shareholder’s Equity

 

 

3,013

 

Income Statement

Unit : Million Korean Won

 

 

As of 12/31/2008

Sales

 

 

8,480

Cost of Sold Goods

 

 

6,786

Gross Profit

 

 

1,695

Selling & Admin. Expenses

 

 

1,434

Operating Income

 

 

261

Non-Operating Income

 

 

46

Non-Operating Expenses

 

 

68

Income Before Taxes

 

 

239

Income Taxes Expenses

 

 

34

Net Income

 

 

205

 

 

Products, Technologies, Services Description

 

Main Products & Services

Electric Tools, Drill, Battery Charger

 

 

Trade Partners & Competitors

 

Competitors

KEYANG ELECTRIC MACHINERY CO., LTD.

RM. 1021, HAENAM BLDG., 21, BUKCHANG-DONG, JUNG-GU, SEOUL, KOREA

TEL:+82-2-757-8141  FAX:+82-2-757-8161

 

BLACK & DECKER ASIA PACIFIC PTE. LTD.

4TH FL., JAESEUNG BLDG., 770-6, YEOKSAM 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3016-9200  FAX:+82-2-3016-9201

 

INKOK INDUSTRIAL CO., LTD.

RM. 104, WOOLIM E-BIZ CENTER 1-CHA, 170-5, GURO 3-DONG, GURO-GU, SEOUL, KOREA

TEL:+82-2-2108-2500  FAX:+82-2-2108-2510

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.05

UK Pound

1

Rs.75.19

Euro

1

Rs.66.47

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.