MIRA
INFORM REPORT
|
Report Date : |
15.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
YURIM MACHINERY MFG. CO., LTD. |
|
|
|
|
Registered Office : |
10B-56, Banwol Industrial Complex, 783-2, Wonsi-dong,
Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
21.06.1991 |
|
|
|
|
Com. Reg. No.: |
134-81-12943 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Machinery for Other Textiles, Apparel and
Leather Processing. |
|
|
|
|
No. of Employees : |
23 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
|
Company
Name |
YURIM MACHINERY MFG. CO., LTD. (Korean Company Name : “유림산업(주)”) |
|
Registered Address |
783-2, Wonsi-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Building |
10B-56, Banwol Industrial Complex |
|
Zip Code |
425-852 |
|
Tel |
+82-31-495-1140 |
|
Fax |
+82-31-495-1143 |
|
E-mail |
info@rotopia.co.kr |
|
Website |
www.rotopia.co.kr |
|
Trading Address |
10B-56, Banwol Industrial Complex, 783-2, Wonsi-dong,
Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-495-1140 |
|
Fax |
+82-31-495-1143 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Machinery for Other Textiles, Apparel and
Leather Processing |
|
Main Business |
Ironing Machine, Embossing Machine, Sammying Machine,
Roller Coating Machine, Crimping Machinery |
|
Established (mm/dd/yyyy) |
06/21/1991 |
Detailed
Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Leather presses(23141605) |
|
Sell |
Leather preparing machinery and accessories(23141600) |
|
Sell |
Leather working and repairing machinery and accessories(23141700) |
|
Buy |
Inverters(32121705) |
|
Buy |
Diodes(32111500) |
|
Buy |
Chains(31151600) |
|
Buy |
Coil(30101900) |
|
Buy |
Switches and controls and relays and accessories(39121500) |
|
Buy |
Drivetrain systems(25173800) |
|
Buy |
Transmission shafts(26111510) |
|
Buy |
Indicating and recording instruments(41111900) |
|
Buy |
Motors(26101600) |
|
Buy |
Gear units(26111524) |
|
Buy |
Pneumatic cylinders(27131701) |
|
Buy |
Bearings(31171500) |
|
Buy |
Electrical receptacles(39121406) |
|
Buy |
Electrical wire(26121500) |
CEO’s
|
Name |
Lim Kyung-Tae |
|
Address |
Suite 603-205, 1344-1, Sa-dong, Sangrok-gu, Ansan-si, Gyeonggi-do, Korea |
|
Date of Birth |
01/29/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
300,000,000 |
|
Employees |
23 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Woori Bank-Banwol Branch Hana Bank-Shihwa Industrial
Complex Branch |
|
Corporate Registered No. |
135011-0034814 |
|
Business Registered No. |
134-81-12943 |
|
Permit & Licenses |
Int’l Trade No.: 21002841 |
|
Shareholder Position |
N/A |
|
Company History |
10/10/1986 Established as YURIM
MACHINERY MFG. CO. 06/21/1991 Incorporated as the
present name 11/30/1997 Awarded US$ 1
Million Export Top Prize 02/25/2009 Designated as a Venture
Business 02/22/2010 Designated
as a Venture Business again |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lim Kyung-Tae |
Male |
Korean |
03/17/2008 |
|
Director |
Mr. |
Lim Sang-Woo |
Male |
Korean |
03/17/2008 |
|
Auditor |
M/S. |
Kang Soon-Young |
Female |
Korean |
03/17/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
6,154,000,000 |
7,386,000,000 |
254,000,000 |
|
2008 |
6,524,000,000 |
7,577,000,000 |
185,000,000 |
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) |
300,000,000 |
|
Total Issued Shares |
30,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
|
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
7,386,000,000 |
7,577,000,000 |
|
Current Assets |
|
4,241,000,000 |
4,368,000,000 |
|
-Quick Assets |
|
3,411,000,000 |
3,441,000,000 |
|
-Inventories |
|
830,000,000 |
927,000,000 |
|
Fixed Assets |
|
3,145,000,000 |
3,209,000,000 |
|
-Investment |
|
389,000,000 |
389,000,000 |
|
-Tangibles |
|
2,740,000,000 |
2,804,000,000 |
|
-Intangibles |
|
16,000,000 |
16,000,000 |
|
Total Liabilities |
|
5,241,000,000 |
5,686,000,000 |
|
Current Liabilities |
|
3,518,000,000 |
3,878,000,000 |
|
Fixed Liabilities |
|
1,723,000,000 |
1,808,000,000 |
|
Capital Stock |
|
300,000,000 |
300,000,000 |
|
Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
1,845,000,000 |
1,591,000,000 |
|
Capital Adjustment |
|
- |
- |
|
Total Equity |
|
2,145,000,000 |
1,891,000,000 |
|
Liab. & Shareholder’s
Equity |
|
7,386,000,000 |
7,577,000,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
|
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
6,154,000,000 |
6,524,000,000 |
|
Cost of Sold Goods |
|
4,902,000,000 |
5,236,000,000 |
|
Gross Profit |
|
1,252,000,000 |
1,288,000,000 |
|
Selling & Admin. Expenses |
|
766,000,000 |
827,000,000 |
|
Operating Income |
|
486,000,000 |
461,000,000 |
|
Non-Operating Income |
|
89,000,000 |
59,000,000 |
|
Non-Operating Expenses |
|
281,000,000 |
312,000,000 |
|
Income Before Taxes |
|
293,000,000 |
208,000,000 |
|
Income Taxes Expenses |
|
39,000,000 |
23,000,000 |
|
Net Income |
|
254,000,000 |
185,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
T/F Ironing & Embossing M/C Sammying M/C Roller coating M/C Brand Name : ROTOPIA |
Trade Partners & Competitors
|
Competitors |
GOLD PRESS CORPORATION 2DA-103, SIHWA INDUSTRIAL
COMPLEX, 1258-2, JEONGWANG 2-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-1146~7 FAX:+82-31-434-1148 HYOIL INTERNATIONAL CO., LTD. RM. 628, POONGLIM VIPTEL, 404,
GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-713-6402 FAX:+82-2-713-6404 KUNG IN TEXTILE MACHINERY CO. 361-1, IDONGGYO-RI, SOHOL-EUP,
POCHEON-SI, GYEONGGI-DO, KOREA TEL:+82-31-541-3113 FAX:+82-31-544-3113 HYUNDAI TRADING CO. 1ST FL., 269-7, SANGIL-DONG,
GANGDONG-GU, SEOUL, KOREA TEL:+82-2-426-4494 FAX:+82-2-426-4469 |
Sales by Region
(Activity
& Markets)
The Subject deals with the
companies in Brazil, China, Taiwan, Hong Kong, India, Indonesia, Vietnam,
Syria, Thailand and Europe.
Court Action
Not Available.
News Clipping
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.58 |
|
|
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.69.89 |
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.