MIRA INFORM REPORT
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Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
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Name : |
YOUNGLIN INSTRUMENT CO., LTD. |
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Registered Office : |
899-6, Hogye 2-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea, Younglin Bldg., Zip Code 431-836 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.09.1992 |
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Com. Reg. No.: |
123-81-31052 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Material Testing, Measuring and Checking Instruments |
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No. of Employees
: |
69 persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South korea
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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 |
YOUNGLIN
INSTRUMENT CO., LTD. (Korean Company
Name : “(주)영린기기”) |
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Registered Address |
899-6, Hogye 2-dong, Dongan-gu, Anyang-si,
Gyeonggi-do, Korea |
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Building |
Younglin Bldg. |
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Zip Code |
431-836 |
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Tel |
+82-1544-3744 |
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Fax |
+82-31-428-8787 |
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E-mail |
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Website |
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Trading Address |
Younglin Bldg., 899-6, Hogye 2-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
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Tel |
+82-1544-3744 |
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Fax |
+82-31-428-8787 |
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Type |
Export/Import |
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Industry |
Manufacture of Material Testing, Measuring and Checking Instruments |
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Main Business |
Chromatograph, Water Purification System, Carbamate Analyzer, Amino
Acid Analyzer, Preparation System |
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Established (mm/dd/yyyy) |
09/29/1992 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Gas chromatographs(41115703) |
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Sell |
Analytical or scientific software(43232605) |
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Sell |
Spectrophotometers(41115406) |
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Sell |
Amino acid analyzers(41115801) |
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Sell |
Clinical and diagnostic analyzers and
accessories and supplies(41115800) |
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Sell |
Liquid chromatography LC columns(41115711) |
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Sell |
Ultra pure water systems(41104206) |
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Sell |
Spectrometers(41115403) |
CEO’s
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Name |
Park Yoon-Moon |
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Address |
Suite 102, 764-1, Sangdo-dong,
Dongjak-gu, Seoul, Korea |
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Date of Birth |
03/13/1957 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
400,000,000 |
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Employees |
69 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Korea Exchange Bank-Guro Branch Shinhan Bank-Apgujung Seo Branch |
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Corporate Registered No. |
134111-0038229 |
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Business Registered No. |
123-81-31052 |
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Permit & Licenses |
04/1997 KT Mark 12/1998 EM Mark 04/24/2001 CE Mark 11/2001 EM Mark 05/2002 CE Mark 12/27/2002 NT Mark 04/2003 ISO 9001 02/27/2007 CE Mark Int’l Trade No.: 21017935 |
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Shareholder Position |
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Company History |
09/29/1992 Incorporated as the present name 10/04/2002 Moved to the present HQ address
from 196, Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Park Yoon-Moon |
Male |
Korean |
05/01/2011 |
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Director |
Mr. |
Jung Dong-Hwa |
Male |
Korean |
07/02/2007 |
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Director |
Mr. |
Lee Soon-Kil |
Male |
Korean |
08/01/2006 |
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Director |
Mr. |
Lee Ji-Min |
Male |
Korean |
07/02/2007 |
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Director |
Mr. |
Choi Young-Il |
Male |
Korean |
07/02/2007 |
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Director |
Mr. |
Lee Duck-Hee |
Male |
Korean |
07/02/2007 |
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Director |
Mr. |
Lee Hyuck-Keun |
Male |
Korean |
08/01/2009 |
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Auditor |
Mr. |
Jang Kang-Kil |
Male |
Korean |
09/29/1998 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
21,954,817,171 |
16,711,813,642 |
-376,981,080 |
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2009 |
17,196,800,228 |
13,989,827,496 |
69,397,692 |
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2008 |
14,080,474,185 |
13,079,278,661 |
-598,401,820 |
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2007 |
11,149,525,762 |
12,204,057,594 |
162,610,346 |
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2006 |
10,969,600,549 |
11,096,612,508 |
1,261,757,860 |
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2005 |
8,254,581,714 |
10,530,160,661 |
1,078,163,823 |
Financial Description
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Authorized Capital(KRW) |
4,000,000,000 |
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Paid-Up Capital(KRW) |
400,000,000 |
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Total Issues Shares |
40,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
16,711,813,642 |
13,989,827,496 |
13,079,278,661 |
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Current Assets |
10,742,110,266 |
8,519,692,503 |
7,673,562,851 |
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-Quick Assets |
6,191,294,519 |
4,357,944,497 |
4,455,954,086 |
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-Inventories |
4,550,815,747 |
4,161,748,006 |
3,217,608,765 |
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Fixed Assets |
5,969,703,376 |
5,470,134,993 |
5,405,715,810 |
|
-Investment |
110,830,000 |
41,865,000 |
1,315,000 |
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-Tangibles |
5,712,260,038 |
5,332,261,075 |
5,311,821,592 |
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-Intangibles |
146,613,338 |
96,008,918 |
92,579,218 |
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Total
Liabilities |
12,574,689,698 |
9,475,722,472 |
8,734,299,529 |
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Current
Liabilities |
11,275,300,145 |
9,128,336,017 |
8,256,367,333 |
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Fixed
Liabilities |
1,299,389,553 |
347,386,455 |
477,932,196 |
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Capital
Stock |
400,000,000 |
400,000,000 |
400,000,000 |
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Capital
Surplus |
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Profit
Surplus |
3,737,123,944 |
4,114,105,024 |
3,944,979,132 |
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Capital
Adjustment |
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Total Equity |
4,137,123,944 |
4,514,105,024 |
4,344,979,132 |
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Liab. &
Shareholder’s Equity |
16,711,813,642 |
13,989,827,496 |
13,079,278,661 |
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Current Liabilities |
11,275,300,145 |
9,128,336,017 |
8,256,367,333 |
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Trade Payables |
6,013,092,350 |
4,029,704,746 |
3,043,767,634 |
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Short-Term Borrowings |
4,397,080,000 |
4,262,820,000 |
4,665,890,000 |
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Account Payables |
205,334,733 |
172,160,559 |
282,538,889 |
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Advance Receipts |
117,745,747 |
154,257,487 |
82,691,822 |
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Withholdings |
61,731,259 |
31,455,654 |
43,313,489 |
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VAT Withhold |
70,800 |
1,000 |
5,022,908 |
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Accrued Expenses |
453,445,256 |
376,136,571 |
58,142,591 |
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Current Portion of Long-Term Debts |
26,800,000 |
101,800,000 |
75,000,000 |
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Fixed
Liabilities |
1,299,389,553 |
347,386,455 |
477,932,196 |
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Long-Term Borrowings |
300,000,000 |
- |
75,000,000 |
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Deposited Borrowings |
507,709,455 |
16,400,000 |
13,400,000 |
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Provision for Severance & Retirement |
164,535,587 |
140,586,944 |
185,607,685 |
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Leasehold Deposit Received |
328,660,000 |
191,915,000 |
205,440,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
21,954,817,171 |
17,196,800,228 |
14,080,474,185 |
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Cost of Sold Goods |
17,206,636,928 |
12,553,027,069 |
9,956,010,092 |
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Gross Profit |
4,748,180,243 |
4,643,773,159 |
4,124,464,093 |
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Selling & Admin. Expenses |
5,126,630,883 |
4,634,607,766 |
4,057,668,860 |
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Operating Income |
-378,450,640 |
9,165,393 |
66,795,233 |
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Non-Operating Income |
341,259,358 |
565,724,700 |
492,180,490 |
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Non-Operating Expenses |
458,546,980 |
486,812,026 |
1,229,849,543 |
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Income Before Taxes |
-495,738,262 |
88,078,067 |
-670,873,820 |
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Income Taxes Expenses |
-118,757,182 |
18,680,375 |
-72,472,000 |
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Net Income |
-376,981,080 |
69,397,692 |
-598,401,820 |
Cash
Flows
|
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Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Cash Flows
from Operating |
386,294,311 |
154,411,094 |
63,346,866 |
|
-Net Income |
-376,981,080 |
69,397,692 |
-598,401,820 |
|
-Exp. without
Cash Outflow |
512,976,051 |
384,260,477 |
952,610,194 |
|
-Revenue
without Cash Inflows |
-48,252,204 |
-182,246,021 |
-267,613,328 |
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-Changes in
Asset/ & Liability |
298,551,544 |
-117,001,054 |
-23,248,180 |
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Cash Flows
from Investing |
-592,639,863 |
203,121,300 |
-8,491,000 |
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-Cash Inflow
from Investing |
- |
365,736,300 |
12,749,000 |
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-Cash
Outflows for Investing |
-592,639,863 |
-162,615,000 |
-21,240,000 |
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Cash Flows
from Financing |
853,054,455 |
-317,200,000 |
87,855,000 |
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-Cash
Inflows from Financing |
928,054,455 |
29,800,000 |
163,400,000 |
|
-Cash
Outflows from Financing |
-75,000,000 |
-347,000,000 |
-75,545,000 |
|
Increase/Decrease
in Cash |
646,708,903 |
40,332,394 |
142,710,866 |
|
Cash at the
Beginning of Year |
746,004,516 |
705,672,122 |
562,961,256 |
|
Cash at the End of Year |
1,392,713,419 |
746,004,516 |
705,672,122 |
Products, Technologies, Services Description
|
Main Products & Services |
Chromatograph, Water Purification System, Carbamate Analyzer, Amino
Acid Analyzer, Preparation System |
Trade Partners & Competitors
|
Competitors |
TAEMYONG SCIENTIFIC CO., LTD. RM. 402, GEOHWA BLDG., 926-13, HOGYE 2-DONG,
DONGAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-458-0025 FAX:+82-31-458-2119 FISHER SCIENTIFIC KOREA LTD. 13TH FL., SAMBU BLDG., 676, YEOKSAM 1-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-527-0300 FAX:+82-2-527-0311 DAEHAN SPECIAL METAL CO., LTD. 1434, SONGGOK-RI, DASAN-MYEON,
GORYEONG-GUN, GYEONGSANGBUK-DO, KOREA TEL:+82-54-954-9192 FAX:+82-54-954-9196 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
YOUNGIN SCIENTIFIC CO., LTD (110111-0377394) YOUNG WHA SCIENTIFIC CO., LTD.(110111-0795629) LABFRONTIER CO., LTD.(110111-2078346) YOUNG IN FRONTIER CO,. LTD.(170111-0074493) |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO.,LTD.(110111-0005078) |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
No.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
UK Pound |
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.68.93 |
RATING EXPLANATIONS
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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 |
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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 |
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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.