MIRA
INFORM REPORT
|
Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
VISION TECHNOLOGIES CO., LTD. |
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Registered Office : |
227-21, Majeong-ri, Jiksan-eup, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea 331-813 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
06.03.2001 |
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Com. Reg. No.: |
312-81-47168 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Electric Motors and Generators |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Basic Information
|
Company Name |
VISION TECHNOLOGIES CO., LTD. (Korean Company Name : “(주)비전테크놀러지”) |
|
Registered Address |
227-21, Majeong-ri, Jiksan-eup, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea |
|
Building |
|
|
Zip Code |
331-813 |
|
Tel |
+82-41-551-3361 |
|
Fax |
+82-41-551-3362 |
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E-mail |
kimchi2002@hanmail.net;ihope21c@paran.com |
|
Website |
www.vt21.com |
|
Trading Address |
227-21, Majeong-ri, Jiksan-eup, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-551-3361 |
|
Fax |
+82-41-551-3362 |
|
Type |
Export |
|
Industry |
Manufacture of Electric Motors and Generators |
|
Main Business |
Ring Core, Permalloy Core, Silicone Core, Shield Case, Oriented
Silicon Steel Core |
|
Sub
Business |
Manufacture of Moulding Patterns, Moulds and Industrial Patterns |
|
Established (mm/dd/yyyy) |
03/06/2001 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Ferrites(32121703) |
|
Sell |
Enclosure plates or covers(39121302) |
CEO’s
|
Name |
Hwang Young-Il |
|
Address |
Suite 103-801, 541, Sinbu-dong,
Dongnam-gu, Cheonan-si, Chungcheongnam-do, Korea |
|
Date of Birth |
01/05/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
300,000,000 |
|
Employees |
20 |
|
Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Cheonan Branch |
|
Corporate Registered No. |
161511-0041726 |
|
Business Registered No. |
312-81-47168 |
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Permit & Licenses |
07/2003 QS 9000 by UKAS Int’l Trade No.: 16100806 |
|
Shareholder Position |
N/A |
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Company History |
03/06/2001 Incorporated as the present name 08/20/2007 Increased capital to 300,000,000
KRW from 200,000,000 KRW 10/26/2010 Moved to the present HQ address
from 555-42, Baekseok-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do,
Korea |
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|
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Hwang Young-Il |
Male |
Korean |
05/10/2007 |
|
Director |
Mr. |
Kim Cheol-Hee |
Male |
Korean |
05/10/2007 |
|
Director |
Mr. |
Yoo Yang-Soo |
Male |
Korean |
05/10/2007 |
|
Auditor |
Mr. |
Choi Jong-Sik |
Male |
Korean |
05/10/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
|
|
|
|
2008 |
6,994,000,000 |
4,325,000,000 |
250,000,000 |
|
2007 |
5,436,000,000 |
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|
|
2006 |
3,909,000,000 |
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|
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2005 |
|
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|
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2004 |
3,700,000,000 |
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2003 |
2,000,000,000 |
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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
|
Authorized Capital(KRW) |
800,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issued Shares |
30,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
|
4,325,000,000 |
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Current Assets |
|
|
3,255,000,000 |
|
-Quick Assets |
|
|
3,063,000,000 |
|
-Inventories |
|
|
192,000,000 |
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Fixed Assets |
|
|
1,070,000,000 |
|
-Investment |
|
|
870,000,000 |
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-Tangibles |
|
|
160,000,000 |
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-Intangibles |
|
|
- |
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Total Liabilities |
|
|
2,963,000,000 |
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Current Liabilities |
|
|
2,895,000,000 |
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Fixed Liabilities |
|
|
68,000,000 |
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Capital Stock |
|
|
300,000,000 |
|
Capital Surplus |
|
|
30,000,000 |
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Profit Surplus |
|
|
1,032,000,000 |
|
Capital Adjustment |
|
|
- |
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Total Equity |
|
|
1,362,000,000 |
|
Liab. & Shareholder’s Equity |
|
|
4,325,000,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
|
6,994,000,000 |
|
Cost of Sold Goods |
|
|
6,511,000,000 |
|
Gross Profit |
|
|
484,000,000 |
|
Selling & Admin. Expenses |
|
|
369,000,000 |
|
Operating Income |
|
|
115,000,000 |
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Non-Operating Income |
|
|
507,000,000 |
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Non-Operating Expenses |
|
|
323,000,000 |
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Income Before Taxes |
|
|
299,000,000 |
|
Income Taxes Expenses |
|
|
49,000,000 |
|
Net Income |
|
|
250,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Ring Core, Permalloy Core, Silicone Core, Shield Case, Oriented
Silicon Steel Core |
Trade Partners & Competitors
|
Competitors |
MJ TECH CO., LTD. JANGWON INDUSTRIAL COMPLEX, 1374,
JANGWON-RI, JUKSAN-MYEON, ANSEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-8056-1000 FAX:+82-31-8056-1007 SEO JEON ELECTRIC PRODUCT CO., LTD. 56-3, WANGNIM-RI, BONGDAM-EUP, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-434-4584~5 FAX:+82-31-434-4530 DUEAL INDUSTRIAL CO., LTD. 600-5, SANGRI-RI, GOGYEONG-MYEON,
YEONGCHEON-SI, GYEONGSANGBUK-DO, KOREA TEL:+82-54-336-0600 FAX:+82-54-336-0443 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
CHINA FACTORY MEINAN READ MEICUM TOWN, WUXI, JIANGSU,
CHINA TEL:+86-510-88159050 FAX:+86-510-88159013 |
Sales by Region
(Activity &
Markets)
The Subject exports
to China, Germany, India and Japan.
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.