MIRA
INFORM REPORT
|
Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
DBN CORPORATION |
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|
|
|
Registered Office : |
Rm. 604, Lord Land EZ Tower 153, Gumi-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea 463-870 |
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|
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
24.10.2007 |
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Com. Reg. No.: |
129-86-14639 |
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|
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Broadcasting Apparatuses |
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|
|
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No. of Employees : |
21 |
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 : |
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 |
DBN CORPORATION (Korean Company Name : “(주)디비엔”) |
|
Registered Address |
153, Gumi-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
|
Building |
Rm. 604, Lord Land EZ Tower |
|
Zip Code |
463-870 |
|
Tel |
+82-31-711-2049 |
|
Fax |
+82-31-711-2064 |
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E-mail |
Sales@dbnn.co.kr;support@dbnn.co.kr |
|
Website |
|
|
Trading Address |
Rm. 604, Lord Land EZ Tower, 153,
Gumi-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-711-2049 |
|
Fax |
+82-31-711-2064 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Broadcasting Apparatuses |
|
Main Business |
IPTV Solution, Cable TV Solution, Satellite
System Solution, Contents Management, Servers |
|
Sub
Business |
Application Software Development and Supply |
|
Established (mm/dd/yyyy) |
10/24/2007 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Surveillance and detection
equipment(46171600) |
|
Sell |
Computer servers(43211501) |
|
Sell |
Software or hardware engineering(81111500) |
|
Sell |
System installation(81111809) |
CEO’s
|
Name |
Kim Dong-Seok |
|
Address |
Suite 203-803, 1282, Bojeong-dong,
Giheung-gu, Yongin-si, Gyeonggi-do, Korea |
|
Date of Birth |
02/11/1974 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
500,000,000 |
|
Employees |
21 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Industrial Bank of Korea |
|
Corporate Registered No. |
131111-0197507 |
|
Business Registered No. |
129-86-14639 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
10/24/2007 Incorporated as the present name 08/17/2009 Designated as a Venture Business 08/27/2009 Moved to the present HQ address from 161, Geumgok-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea 09/28/2009 Increased the authorized shares to
2,000,000 shares from 100,000 shares 10/08/2009 Increased capital to 500,000,000 KRW
from 438,500,000 KRW |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Dong-Seok |
Male |
Korean |
01/17/2008 |
|
Director |
Mr. |
Lee Jin-Woo |
Male |
Korean |
08/27/2009 |
|
Director |
Mr. |
Lee Sung-Hoon |
Male |
Korean |
02/26/2010 |
|
Auditor |
Mr. |
Kang Ik-Kwon |
Male |
Korean |
09/02/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
17,953,000,000 |
9,162,000,000 |
1,957,000,000 |
|
|
2009 |
13,491,830,000 |
6,597,000,000 |
890,450,000 |
|
2008 |
8,909,590,000 |
4,791,000,000 |
226,040,000 |
|
2007 |
349,000,000 |
|
55,000,000 |
The 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) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
9,162,000,000 |
6,597,000,000 |
4,791,000,000 |
|
Current Assets |
|
5,034,000,000 |
4,654,000,000 |
|
-Quick Assets |
|
4,126,000,000 |
3,603,000,000 |
|
-Inventories |
|
908,000,000 |
1,050,000,000 |
|
Fixed Assets |
|
1,563,000,000 |
137,000,000 |
|
-Investment |
|
1,518,000,000 |
111,000,000 |
|
-Tangibles |
|
- |
- |
|
-Intangibles |
|
44,000,000 |
25,000,000 |
|
Total Liabilities |
5,904,000,000 |
5,115,000,000 |
4,210,000,000 |
|
Current Liabilities |
|
4,335,000,000 |
4,210,000,000 |
|
Fixed Liabilities |
|
780,000,000 |
- |
|
Capital Stock |
|
500,000,000 |
300,000,000 |
|
Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
986,000,000 |
281,000,000 |
|
Capital Adjustment |
|
-4,000,000 |
- |
|
Total Equity |
3,258,000,000 |
1,483,000,000 |
581,000,000 |
|
Liab. & Shareholder’s Equity |
9,162,000,000 |
6,597,000,000 |
4,791,000,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
17,953,000,000 |
13,491,830,000 |
8,909,590,000 |
|
Cost of Sold Goods |
|
10,046,000,000 |
7,055,000,000 |
|
Gross Profit |
|
3,445,000,000 |
1,854,000,000 |
|
Selling & Admin. Expenses |
|
2,202,000,000 |
1,542,000,000 |
|
Operating Income |
|
1,243,000,000 |
313,000,000 |
|
Non-Operating Income |
|
53,000,000 |
15,000,000 |
|
Non-Operating Expenses |
|
104,000,000 |
25,000,000 |
|
Income Before Taxes |
|
1,192,000,000 |
303,000,000 |
|
Income Taxes Expenses |
|
301,000,000 |
77,000,000 |
|
Net Income |
1,957,000,000 |
890,450,000 |
226,040,000 |
Products, Technologies, Services Description
|
Main Products & Services |
IPTV Solution, Cable TV Solution, Satellite
System Solution, Contents Management, Servers |
Trade Partners & Competitors
|
Suppliers |
ERICSSON HARRIS CORP. JDSU MEDIAEXEL STREAMBOX MIRAVID |
|
Customers |
LG UPLUS CORP.(110111-1296676) YUKYUNG TECHNOLOGIES CORPORATION(110111-1638068) KT CORPORATION(110111-1468754) SK BROADBAND CO., LTD.(110111-1466659) SAMSUNG SDS CO.,LTD.(110111-0398556) LG CNS CO., LTD.(110111-0516695) |
|
Competitors |
DONGYANG UNITECH
CO., LTD. 8TH FL., DAERYUNG TECHNO TOWN 13-CHA, 664,
GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-837-7233 FAX:+82-2-851-5146 ORIENTAL INTEGRATED ELECTRONICS CO., LTD. 281-34, DODANG-DONG, WONMI-GU, BUCEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-675-2247 FAX:+82-32-671-2244 SICAM SYSTEMS CO., LTD. 103-403, BUCHEON TECHNO PARK 1-DANJI, 364,
SAMJEONG-DONG, OJEONG-GU, BUCHEON-SI, GYEONGGI-DO, KOREA TEL:+82-32-324-0347 FAX:+82-32-324-0349 |
Sales by Region
(Activity &
Markets)
The Subject imports
from USA.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
|
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
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 |
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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.